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ROLL CALL I
VOTING AYE NAY >,
Salt Lake City;Utah, 192_....
Burton
Fehr I move that resolution No a.= by Mr
Finch be adopted.
Moran:.
M.Chairman - - ^
-- r
Resplt_ �`
ROLL CALL
VOTING AYE NAY Salt Lake City,Utah, Nov.. 9., 1928...
Barnes
I move that the resolution be adopted.
Burton
Green
Stewart
Mr.Chairman
Result RESOLUTION
WHEREAS, under the provisions of Section 570X2, Compiled
Laws of Utah, 1917, the '3oard of Commissioners are authorized and
empowered, among other things, to appropriate money for corporate pur—
poses, and to purchase, receive, hold, sell, lease, convey and dispose
of property, real and personal, for the benefit of the City and to do
all things in relation thereto as natural persons, and that it shall
be deemed a corporate purpose to appropriate money for any purpose
which in the judgment of the Board will provide for the safety, preserve
the health, promote the prosperity, and improve the morals, peace, order,
comfort and convenience of the inhabitants of the City, and
,.iI'LREAS, under the provisions of Section 570X6, Compiled
Laws of the State of Utah, 1917, the Board of Commissioners is further
authorized and empowered to borrow money for corporate purposes in the
and the
manner and to the extent allowed by the Constitiof laws and to issue
bonds therefor in such amount and forms and on such conditions as the
Commission shall determine, and,
WHEREAS, in the judgment of the Board of Commissioners in
order to provide for public safety, preserve public health and improve
the comfort and convenience of the inhabitants of said Salt Lake City,
there is immediate and pressing need of raising funds to the amount
of Twenty—three Thousand Five Hundred Dollars ( 23,500.00) to defray
the expense and to pay the contract price of certain waters and water
rights in that certain stream known as Mill Creek in Salt Lake County,
and particularly all the waters and water rights of the Vdhite Ditch*
the acquirement ,.hereof has been provided in a certain contract made
-2-
r.nd executed on the 6th day of September, 1928, by and between the
White Ditch Irrigation Company, a corporation, and. Salt Lake City,
said Grater thus acquire c' to be used by said city for corporation
rpurposes only and to be and become a part of the a. .tcr system of
_
twin city.
S-I R ff3, the pity is without the necessary funds at this
time with .:hich to purchase said. „a.teis and vadter rights, and
p !
d.HE. S, said sum of Twenty-three ThousandFive Hundred
N'311a.rs (;',2 ,500. 0) may _d raised at this time without incurring
taxes for the
q na indcbtednese or liability in excess of thejurment year 1228.
it
NO , IT FtLZOLVED by the loam of Commission-I
{ers of Salt Lake City, Utah, as follows:
1. That for the purpose of raisin6 funds to defray the
fca,ense and to fulfill its contract obligations in the purchase and
acquirement of the waters and ,rater rights in that certain stream
knon as Mill Creek in Salt Lake County and more narticularly all
the waters and hater rights of the l.hite Ditch finder and by virtue i
Iiof that sort:in contract dated the 6th day of September, 19a8, by
it
n` bct ;ecn the Mite Ditch Irrigation Com_ae.ny and salt Lake City,
us-aid welters to 'se for corporate purposes only and to be any' become
Ilc. part of the water system of Salt Lake City, said felt VS be City
shall issue forty-seven (47) bonds of the denomination of Five Hun
F i
(�rei ( 500.00) 'dollars each, numbers from one (1) to forty-seven
(4 7) inclusive, and deliver the some to the l:hitc hitch Irrigation i
Com,any pursuant to the terms of said contract. Said bonds shall
bear date of Nov. 15, 1923, and shall bear interest at the rate of
five per cent (5%) per annum from date until paid, interest payable)
(semi-annually on the first days of 1npril and October of each year,
accordance with interest coupons thereto attached, and both
NNIprincip^.l and interest shall be Payable at the office of the City
Treasurer of Salt Lake City, Utah. The nrincipal of said bonds
Y khan become become due and _Sayable serially aa follows:
42,000.00 on april 1st, 1929;
w2,5O0.00 on Spril lt, 1930;
I
N
j w2,000.00 on April 1st, 1331;
. 52,500.00 on April 1st, 1932;
42,000.00 on April 1st, 1933;
„2,500.00 on April 1st, 1934;
2,500.00 on April 1st, 1935;.
2,500.00 on April 1st, 1936;
1 2,500.00 on April 1st, 1937;
I ;;,C,500.00 on April 1st, 1938.
2. That said bonds and each of them, except as to date
Hof maturity, shall be in substantially the following form:
1 I
r"UNITTD STATES OF PMERICA.
f STATE OF UTAH
Ir SALT LAKE COUNTY
f� SALT LAKE CITY BOND,
SC'RIL'i:; OF NOV_ EER 15, 1923.
j[So. ___ d500.00
H KNO„ ALL L2I BY THESE PRESENTS:
F
That Salt Lake City in Salt LeI:e County, State of Utah,
Nhereby acknowledges itself to be indebted and for value received
thereby promises to par to the bearer hereof the sum of Fife Hun-
ljdred Dollars ( 500.00) in lawful money of the United States of
lAmerica on the 1st day of April, A. 192 , at the office of
ithe City Treasurer, Salt Lake City, Utah, with interest thereon
at the rate of five per cent (5%) per annum from date until paid,
!payable semi-annually in like-money on the 1st 'days of April
.and October in each year, .said interest to maturity being repre-
sented by interest coupons hereto attached.
This pond is one of a series of Forty-seven ( 7) bonds
of like date and amount, numbered from one (1) to forty-seven'(47) inclusive, for the aggre ate sum of T'..i_UTY-THPIB THOOSe_ID
FIVE HUNDRa DOLLARS ( 27,500.00) issued pursuant to the provi-
!lsions of Section 570.6, Comailef:_ Laws of Utah, 1917.
It is hereby certified, recited and declared that the
entire inc'.ebteoness of said City hereby incurred, together with
all other indebtedness incurred by said City for and during the
year 1928 is not in excess of the taxes of said City for the
current year, 1923.
It is hereby further certified, recited and declared
that all conditions, acts and things 'essential to the validity
of this bond exist, have happened and have been cone and that
every dulycompliedrequirement
with, and thataffecting e issue
thereof
this bon isthinev a e erydebtand
lother limit prescribed by the Constitution and Laws of said
State and that the full faith and credit of said Salt Lake City
are hereby irrevocably pledged to the punctual payment of the
principal and interest of this bond according to its terms.
IN ILITNESS AT,HARLOF, said Salt Lake City has caused
!this bond to be signed by its Mayor, its corporate seal to be
hereunto affixed, and attested. by its City Recorder, as of the I
fifteenth day of November, 1928.
.F hest: Mayor.
City Recorder.
1
� i
;f To each of said bonds shall be attached a coupon for
i
each installment of interest, which said coupons shall be consecu- i
tively numbered, beginning 'with number one (1), with the several i
dates ofbond, coupons, 1
q payment and number of which said except
I
Ifor the first interest period, shall be in substantially the fol- :
blowing form, to-wit: 1
(Form of Coupon)
a
to. 00.50
1 On the 1st daft of April - October, A. L. 19 , Salt
Lake City, Utah, will pay the bearer hereof at the office of the
,City Treasurer, Salt Lake City, Utah, the sum of Twelve and 50/100 i
�,($12.50) Dollars in lawful money of the United States of Imerica,
peing six months' interest then due, on its coupon bond dated
november 15, 1928.
City Treasurer.
r
There shall be endorsed on each of said bonds the follow-i
Ming
"I hereby certify that this bond is
o within the debt limit of Salt Lake City, Utah, 1
and is issued accordins to law.
N II{ City _5ucitor."
G
b i
II
Said bonds and each of them shall be signed by the Mayor
and attested 'y the City --=ecorv.er and sealed with the seal of I
'said City and said coupons shall bear the original of fac-simile i
I
signature of the City Treasurer. The ?layer of said. City is hereby
authorized, empowered and directed to sign, and the City Recorder
to sign and attest and affix the seal of said City to each of i
said bonds and the acts of said Mayor and Recorder in so doing
I
lase and shall be the act and deed of said Salt Lake City.
I
F. BE IT FURTHER RLSOLVLd, THAT HERELS, by reason of
;the contract of date September 6, 1928, between the EEHI'TY DITCH
jIRRIG.ATION COMPAi'UY, a corporation, which is the owner of the water i
i
and water rights in the Chita ditch and taking water from dill
Creek in Salt Lake County, State of Utah, and Salt Lake City, sakd I
Ihite bitch Irrigation Company • grees to convey to said city ail I
1
I
Yi
1 -5-
he water of said ditch pursuant to the terms and conditions of said
pontract in consideration that the said Salt Lake City issue and
deliver to said "Cite Ditch Irrigation Company its bonds in the
otal sum of Tr;enty-three Thousand Five Hundred (5,2 ,500.00) Dollar,i,
payable over a period of ten (10) years, which said contract has '
already been executed by the Mayor and City Recor(.er of said city,
hey having bean authorized to execute said contract by a resolu-
tion of the board of Commissioners of aalt Lake City on the 6th
day of September, 19'ti8.
NO , THEREFORE, BE IT FURTHER RESOLVED, that the Mayor
end. City Recorder are hereby authorized to sign, execute, deliver
and issue as the actual deed of Salt Lake City the said bonds here-
in provided to the `:.hite Ditch Irrigation Com any.
I
i 4. B ; I'T FURTHER RESOLVED, that in the opinion of the
i
board of Commissioners of said Salt Lake City, it is necessary to
the peace, health and safety of said city and the inhabitants there
of, that this resolution take effect and be in force at once, and
ithe same shall therefor take effect- immediately upon its adoption.
‘4,,,,-,‹0-v1
5. Commissioner _ >ccon: oa the motion
lfor the adoption of said resolution and upon being put to a vote,
was carried by the affirmative vote of all Commissioners present,
'the vote being as follows:
Mayor John F. bowman "AYE"
Commissioner T.T.3urton ":AYE"
1
Commissioner H.L.Finch "AYE"
i
Commissioner Chas. N.Fehr ABSENT
1
Commissioner P. J. More "..YE"
Adopted and approved this day of , !
C. D. 1928. .
fl i:ttes Mayor.
4 j'
City Recorder.
!
COUNTY 02 Fe.L'T Lr'.iI ; )
I, 7_'L -1-r,;0:iLLD); arty iFsco:c er :In ane for nalt Like
Ut:., co here'DJ certify that the above any; fore oin is a
'full, true and correct cony of ;-,rocec .infs had - y the Toary of
Com:iissioners of City, Utzh, et it e 'Icctin:7, held on
the ---._ _�r of
•
`in so far s. the ..;.me relate to or concern the issuance of ito
"bond::, C-ate6. the 15th of Novc i )er, . . 1 13, in the of
,5JO.00, n- the sme p,.ers of recorr': in :ry office.
I I'I'_dl'3c ',.HE-OF, I have hereunto set ^:y hand one of-
fixed the corporate of seic ity thi .ay of
Cite ' ecorwc
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