6 of 1929 - A resolution accepting bid of Snow-Goodart and Company for the refunding of $750,000.00 in water and REMARKS:
Resolution No. 6
By Commissioner Fehr
Accepting bid of Snow-
Good-art & Co. for the refund-
ing ofiR50,000,00 in water
and sewer bonds, dated April
1st, 1919.
ca7o.Auslam
JAI?2J 10:e9
111
—41
ROLL CALL
VOTING i '`' 'I AYE N tY Salt Lake City,Utah, Tanutry; 29th 1929
Burton
Fehr I move that resolution No 6 by Mr Fehr
Finch be adopted.
Moran
Mr.Chairman - - -
Commissioner of public Affair 8ce
Result.
--!
SsWnuTv 29th ► A. B.`ll119.
The Beard of Oemaissioners of Salt Lake City, set is Begslar
8gsion.
On Hall soil the following suss ours Prescott
Coanisoioaer _BURTON T. T. , Os0*lssioner of Poblia safety
Oaaaioaionor IMR, MIAs. N ' Coswisaioasr of Public Daprev
meats.
Commissioner FINCH. HARRY L, Ceaeiaaioaor of Public Affal
end llama.
Commissioner MORAN Pk. J., , Ooaatosioaor of red* and
' Mlle Property.
Commissioner Bowman, John F. Mayor-Commissioner of Water Supply .
Waterworks, absent on Official Business.
Oumoissioaor FERR , thus iatrodused sod scrod the
adsptjwa of the following resolutions
/1
E E E O L II S 1 0 B
wIlallAS, pursuant to Ordinate*and isaolafisa hsrotstoro adapted,
ads and entered try the Bari of Commissioners of salt Lake City, on
tote Slot day of April, A. B. 1910, said City daly laud end sold the follow-
inn dooaribad heads, to-sits •
1. One hundred*lady-six thousand Dg113ra ($196,000.00) Sewer
Bondy - Soria we, auditing of 196 hoods, slumbered from 1 to 19$ iaolusiys,.
deasrinstisa $1.000.00 ugh, said Una being dated April lot. 1919, papablo
April'1st,'1939, rsdosaablo at the Splits of said Citp'OR an otter April let,
i0s9, .Os aa0r into st pey1ng date, with i taroot thsreaa at the rate of fin
:per ant (5%) per samtsa, from date sail paid, Amble ami-masutslly an th11
lit days of April and Motor is sash year, Whisk-said bonds wore losuod for
i
the mop *fp/lying the ovens* of Inarwiag, improving. extending and
oddi»g to the present draila * system of said City and to osnatruet storm
sewers.
i
X. live h*Mrsd and forty theussM Dollars ($6d0.000.00) Satar
.
Aloud* - Series "Cr, ssnsisting of 0440 beads, membered fro* 1 is 340 innlusivs,
Idesm*iaation$3,000.00 moth, Mil bonds twine dated April 1st, 1919. Mably
April 1st, 19319, redeemable at the option of said City n or after April 1st,
isms, on ate interest paring dates with interest thorium at the rats Of five
per cent (6P per amen tree data'until paid, payable seniEmmsmat.1y en the
first dgys of April and Ostolsr in sash year► *high nil bent. were issued
for the pin**, of inereasing, improving, unerring, Ong, perfeeting
and adding to the waterworks system of said Oily.
3. ps*rte nt thousand Dollars (414,000400) sates Dents - series "r
said Deeds Defer Wad April 1st, 1919, muberet few 1 to 14 iinolln ive, pay-
able April 1st, 1939, redeemable at the option of sail City et or after April
1st, 10ft, maw interest paying into, with interest thorium at the rats of
five per sent (5%) par awn, free date until pail Dayable Lod-amxwaliy tot
the first days of April sal Metier in oath year, which salt bonds were t'
for the psrposs of defraying the exponso of imoreasiag, improving, ealarglag,
extending and adding to the present tutor supply of said City ant to that ;ad
to auq*ire additional water sights and by dotelppussi from warless sebum of
ply
AID MUM,at a rsruaar nootiap tnlj sallod and lawfkll r held by
this Road on the 16th dare Jdam►rp, A. D. 1129, a'resolution vas duly
adytsd, 'ado sal entered, milling sail beads ter rsdeaptian, and has causal
to 1e published sells. of intention to redeem, ritual eat rattly all of salt
bends, so mentioned and daeribod, in manner providet therein and to egserdan
'with a` mantles and ardor adopted y sold Dart, en the Hied day of April,
A. D. 1919, nut,
►8DRRt5, told Dalt Legality, is without sufficient foals to redeem
Waal mat pay said sntstandiap bonds' aquntiar is taw wiry is 10 this said
ease 050,000.00 and it will be neseesary to tone its rofsndiag Imago in
the said sae of 050►000.00 tar the purpose of obtaining fonds with whitlh to
redoes and refund said outstanding bands so isssmd, sat,
WRD>11ti8, 3Mw, loodart ant Qeaaaq, a Utah Cuparatioa, has offered
to pwtehaee, at par sad maenad intnrett,plus a peenituu of $0040.00► all
of sold refunding bends, to-stts 1 99.000.00, one.baif of obtab bends
($011,000.00) are to war interest ii t e r to of four mat ono-ball (t1 )
per Beat per ammo oat the remaining sae half (4676,000.00) to bear intorost
at Is. rate of tsar sad leer*.-vwrtsr (40) par sent per anima. payable
aa•_11Tr shish Did is is tbs aorta ant Mares as fatless, to-oils
Ds.oab.r litho 1ftt.
lehanttle dip O Allsoiea
Salt Lake City. Wish.
Sandsm I
to herewith otter is *fist as as '-ais.r $100.000.00 salt Loh* City 0%
Usti, flaaty41, let, 1109. far 45,06000.00 salt ISM City 4i%awl
$156,000.00 40 Mats it the fall ring sOSSZttiiat
$16,000.00*Heat*, two Psalaany 1st is *soh it the yaws 11s0 is IS
oat
$ .000.00 4 lands, darn fsbramr7 1ii la.ash it the Tara Ilia t. 1St
ant to pp the Oily, is additiaa, 40,000.00 psalm. .
Sh.si.t %r s fe0a6.e., .000..00r sat:
.eao.shta.ts. fl 441 ll r4 1]11sa1em asdo 0 g40ia00t. 0
SMr r assts. datot April 1st. 1111.
It is first it as►t*g lad that **tong*to b insiod,la rorsAsaps Sir
for Ord Dead.. shall to is Ma rout*i Ii waititats lap! .bllptisas
.t Salt Loos City to fir iati.ra.ttoa-of Oar AttQrwlyi,'oat rat airea t*
fats sash stgs ends res010ieas ae sells regairst to that sd.
It is farther asdsrtiti.l sad,tested that tin sae boats ars Si t* least
bat d.liios.d to as as se d.liwr the old bowls is**Oh*ap. said
are to be *01104lst Tor April 10th, 1l$1•
this offer is tar'imsdiat*as.spissis.
e*ipsittally ealaittet,
aLI, MOW* h ODOR!
$ 00eDIX S0
($i+s.a)-
that solid bid of Sass Sodas**ad Ca.afiaeyy, is the hialiist, tea
prat sot advantage's* *as r..aivat DT said my for salt bats,
ps 'l aailG3e If Is Ilan 11SOLYED AID OUZO. b7 the,kart or
1.
•
missioners of Salt Lake City that the offer of said Snow, Goodart and
deapany for the parobase of said $750,000.00 Refunding Bonds be and the same
is hereby accepted and that the sale of said$7150,000.00 Refunding Bonds to
+laid Snow, Goodart and Company and the notion of said Hoard in accepting
*aid offer and all proceedings pertaining thereto, are hereby ratified and
Confirmed and said bonds are hereby ordered to be delivered to said Snow,
400dart and Company, in accordance with the terms of id,bid. ✓7
Comslesioner T. T. BURTON seconded the motion for the
adoption of said resolution and the acceptance of said bid and the same
Upon being pat to a vote, was carried by the affirmative vote of all
Commissioners present, the vote being as follows:
Commissioner T. T. BURTON "Aye"
Commissioner CHAS. N. FHHR "Aye"
Commissioner HARRY L. FINCH "Aye"
Commissioner �'• J. MORAN "Aye"
Commissioner JOHN F. BOWMAN 'YM"Absent on
official Business•
ADOPTRB ABD APPBOYRD, this • day of JANUARY ,
A. D. 1929.
ATTEST: Mayor.
City Recorder.
(NELL)
Commissioner FEHEI then introduced and moved the
adoption of the following Ordinance, which Ordinance was read in full by the
City Recorders
4.