7 of 1932 - A resolution directing the City Treasurer to destroy Tax Anticipation Bonds Nos. 8 to 14 inclusive, REMARKS: ,
Resolution No. '
1J
Marcus
4_ By Commissioner... j -
1 Directing the City Treasure
to destroy Tax Anticipation Bon s
1Nos. 8 to 14 incl., Series of.
,Jan. 15,....1.932,...-payable_Jan.....15,
11933, bearing interest at 6%
per annum.
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Plieeotod to the Board of CemJdadpoees
AND PASSED
a ' FEB 241932 '
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I move that the resolution be adopted. yQ
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I4 Chdrman •
Mam
a RESOLUTION
. WHEREAS, on January 28, .1932, the Board of Commissioner&.
by resolution authorized the borrowing of $1,000,000.00 and the
issuance of sixty (60) bonds representative thereof, said bond num
bered eight (s) being in the denomination of $50,000.00, and bonds
numbered nine (9) to fourteen (14) inclusive, being in the denomina—
tion of $25,000.00 each; and
WHEREAS, bonds numbered eight (8) to fourteen (14) inclu—
sive have not been sold and are on hand and in the possession of the
City Treasurer; and
WHEREAS, it Is the desire and intention of the Board of
Commissioners to retire and cancel said bonds.
NOW, THEREFORE, BE IT RESOLVED that bonds numbered eight '(8)
to fourteen (14) inclusive, bearing interest at the rate of six per 'j
cent per annum of the Series of January 15, 1932, payable January 15,
1933, be and the same hereby are cancelled and retired and the City
Treasurer is hereby directed to destroy said bonds by cremation in
the presence of the Board of Commissioners and report in writing his
action with reference to their destruction.
It is necessary in the opinion of the Board of Commission , 4
ers for the peace, health and safety of,tha_inhabitants,9f S t,, d r
g ty, Utah, that this resolution take effect upon its passage
This resolution shall take upon it§ adoption.
Adopted by the Board of Commiss • ers of Salt Lake City,
Utah, this Otay of '. ,i,..,
Mayor.
ity ecorder. It
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