Loading...
HomeMy WebLinkAbout9 of 1964 - A resolution providing for the issuance and sale of $1,000,000 Tax Anticipation Bonds of Salt Lake C Resolution No. q By Joe L. Christensen COMMISSIONER Providing for the issuance and sale I of $1,000,000.00 Tax Anticipation Bonds of Salt Lake City, Utah, Series of May 1, 1964. II Presented to th e Board of Commissioner AND PASSED MAY 6 1964 I i4PVIOONV8V1y44,,,f4J CuTY RECORDER II ( • w ii The Board of Commissioners of Salt Lake City net in regular session on w ih sdair, the �6th doy of _ Mar , A. D., 1964, at the hoar of 10:00 o'clock, A. K., at the molar meeting place. The meeting ems Called to order by CotinktatidtefiriciseLehristensell sod en roll call the follosiag aemebers sere preempt: (ABSENT) J. Bracken Lee 0maeissionsr of Public Affairs and PimaOa* Joe L. Christensen Cfoomissionsr of larks sod public (TTEMPORRARY CHAIRMAN) George B. Catmull Comalasisoor of Streets and Public Iaprehaeonte Conrad B. Harrison Oemaissioner of Water Supply and Metersneeks Herbert F. Smart Commissioner of Public Safety OOa111ietosr Conrad B. Harrison introdumu the tang resolution and mered its adoption: A I OIJ3lIQK 1OOvL02e POil TEi ISSUANCI AAA BALL AV 0101 IECLLIti IMAM ($ ,000,000.00) lAl:AI1tICIPATICAI nom ar SALT Lits Cl?!, MAR, aims GP Ng 1, 1964. NIZiWB, there is an i:arodiate end pressing need for the raising of funds in the sweat of One Million Sollars ($1,000,000.00) far the purpose of meeting the current expenses of Salt Like City for the fiscal pear ending Juno 30, 1964, until the payment et tomes and reoeipt of other revenues for said fiscal year, sad IdRISA1, the sun et One Killion Dollars ($1,000,000.00) newts be raised, together with the ether indebtedness incurred fer the purpeee of meeting the current aspenaes of Oalt Lake City for the fiscal year ending June 30, 1964, is not in excess oft*, revenges to be raised for the fiscal year July 1, 1963 throogh Jens 30, 1964. NOW, TURIF0101, SS TT MMUS B! TIE SOARS OF ©NEU3SIOISRS W SUE LAKE CITY, USW Section 1. That said Salt take City, Utab, for the purport of meeting all expenses of said City for the fiscal year 1y 1, 1963 through Jane 30, 1964, until the payment of tease sad other reseals,* for the fiscal year ending Jose 30, 1964, shall borrow the sea of Care Million Dollars ($1,000,000.00) mad for that purpose as *video** of such indebteineas shall issue tea beads therefor, of the denomination of One Saedred Th otaud Dollars ($100,000•OO) each, nuabsr^ad oae (1)t.tan (10), both taclasive, Said bonds shall bear date of Wyr 1, 1964 sad shall be Sae and payable Ante 33, 196k, bearing 1#erest at the rate of too sedans fourth par seat (2 1/k4) per enema, payable at maturity, both principal and interest being sepals at yiret Socsrity Seek of Utah, 1. A., Salt Lake City, Utah. Said beads shall be atpid*the Sayer sad attested by the City Roeordas loader the seal of the City, sad shalt be registered in *boat kept by the City Auditor for that purpose sad the City Auditor shall endorse on said bonds the certificate rewired by Las. Said beads shell be in sobsteertial y the following foam, to-tit: e_ UNITED sums OP ANSTICA STARS Gar OM SAM WS CITY TAX ANTICIPATION BOND Series of May 1, 1964 Mo. OISO,000.00 IKON ALL Stag.BX MSS ?BESEw9.'8i That Solt Lake City, in the County of Salt Lake, State of Utah, hereby asknoolo5Oss itself to be indebted eel for valve received hereby precisei to pay to the bearer hereof the ern of ONS =SW 7I;OtaBMm DOIdAlls ($1.00,000.00) in lmaful now of the United States of America on the 9309kkh hey of Jose, A. D., 1g64, at first Security Doak of Utah, X. A., Salt Lake City, Stahl with interest thereon at the rote of tea sad ere !earth per cent (S l/ C) per snore, fret date until paid, interest payable at natarity. This bond to one Of a eerie. of tee (10) bends of.Irks taiga ed date oanbered from sae (1) totes (10), inalasive salmon t s es "Balt Late City Tax Aatieipaties Dods, Series of$gy 1, 1964", for the aggrragate las of Sea ll lliee !shares ($,000,030AO), tamest paremsat to Beetles 1044, Oak Oak,Annotated, 1953. The peening boar of Bolt Into City*hall levy is the Meal leer aoLUMINNo 99, 1964, a sufficient tax end shall provide for the so leatiee of arfti*tert remotes other thee texas toper the principal and interest an this bond ad the sees shell tall daa, mod this bent is tested to sattoipatiaa of the percent of such totes eel the salleetiou of amok revues far the fiscal year ending Noe 90, 1964. It is hereby certified, recited at declared that the entire indebted- nese of said City hereby insured is net in excess et the taxes end other remote of esti City to be levied end collected, for the Meal year ending lea. 31), 1964, and that haft t$.btedaees vas and.is contrasted for the purpose ter Mich said taxes and revenges are levied sod to be collected. It is further certified, recited end dealersd that ell conditions, acts and thongs essential to the validity of this bead exist, have hrppresd she bonhomie done, and that every t of lee affecting the isms hereof ham been Shiny setplied rift, ender bootie cubit every debt eat other lilt prescribed by the Coattittttas Rost Laos of said State, sad that the full fathead credit of Salt Late eelty use hereby irrevesebly pl+Hpd to the paoetual payaent of the principal and interest of this bed aoaerdisg to its terns. IN UMW*mar, gait Lena City hes owed this lead to be simnel l by its lleyorr, its corporate seal to be harernte affixed, at oeoetersirlp ed by its City Recorder, as of the lei day of Sky, 1964. tan pit elan) Myer Ceinteraiduedd: (De let Riau) City Reverter (MO There shall be endorsed on said bonds the tailoring City Audits le Certificate: "City Auditor•! Certificate I hereby certify that this bead is within the laarful debt limit et Sett Lake City, Utah, and is issued according to low. . zi4 Section 2. Lll.'the covalent., ststeneatsr/representatisus and t,' agreement* contained in said heads are hereby adapted me ems, state- ments, representation, agresemats and promises of Salt Lake City, Utah. Section 3. The Mayor et Salt Lake City is hereby authorised and directed to sign and execute said beats and the City Recorder is hereby valorised and directed to attest aid affix the seal et Salt Lake City to said bonds sad the City Auditor is authorised and directed to pleas %tot said bands the sertitioate in the meaner and fora rot faith share and.the sets of said hipror, City Recorder sad City Auditor in se dsisg are head.shall be the eased divide Salt make City. Section h. That the Board of Ceadssioasrs shell levy in the fiscal year ending Jane 3D, 1964, a sattioient tar sr provide for the collection of sufficient revenues to Pelt the priaeipsl aeei interest as said bonds as the same shell Hall due sad far the peat et said basis smiths interest theereat the fell, faith, credit and taxing paver et Salt Late City is hereby irrevocably pledged sad the Board of Casdssioners hereby ss*esoata with the balder of said bends that it rill levy is the fiscal year ending Jame 30, 1964, a sufficient tax or provide for the collection at sufticiaat revrsnee ter the pgaeat et the principal and interest of said beds. Section 5. That the First Security Bank of Utah, N A., Salt Late City, Utah, has offered to perebase said bads at a price satisfactory to the Board of Canissaieners, thieh offer is the highest, best and oat advaa0agsws received for the psrebase of said beads. Said,offer is cad the sane is hereby accepted, sad the City Treasurer is hereby authorised sod instructed to deliver said One anion Dollars (4,000,000.00) beads to the purchaser thereof, upon.receipt of the purchase price therefor. Section 6. That an emergency is hereby declared and is the opinion of the Board of Coutissiesers hematite of the necessity far leads to nest the current expenses of said City, it is necessary for the peace, health and safety of the inbabitaats of Salt Lake City that this resolution shalt take effect at once. Section 7. This resolution shall take effect immediately. PASSED by the Beard of Coloniasiosers of Salt Lake City, Utah, and approved this —. 6th deg of May , A. D., 1964. Temporary biairman ATTEST: (M) The ~ion of the formisiee resolution ens see0sded by Ca osisaaiooer Joe L. Christensen end the some on bsis$palt to s sate moms unatimmosly earried by the altirssative vote eat Censipsisners present, the vote being ss fellows: Mayor J. 3rs*arten Lee (ABSENT) Commissioner Joe L. Christensen "Aye* 1 c sii#user George B. Catmull ■ ^ iaa1OUer Herbert F. Smart per" Coomissisaer Conrad B. Harrison ■ e" ORARY NAIRMAN ATTEST: JJJJJJ (mil,) ld'A'!i tar'CA s 88 COMM BAUt IA!! ) xt Herman J. Hogensen ass 443,OYas.a, eatifiedoat a0tlag city*seaaaar at Batt Wm+City, u.k, as Ma.*aorta*tb4 tM !~mason sod oAtaabod riAs aro a tall, trio ant oarroat Oy8 at tM shales at a r.4aias rwirtirs as tail Boot at Caasl.Ola mora at Belt Zits City, Usk aaly and Isalally OaUea aaa Ml4.,a•: Wednesday r thR ., 6th fir aC MAST , A. D., 196h, at tam true'et 10:00 Oslo*, A. II., tarotar a0 Um aw solar to err a000eaa the is assao st $1,000,05D.00 eiK1s Late City, Utok, Tar Pritt.tpstlaa Biala, Series Ot law 1, 1864, so th. oar a8 aaa'art rwar&la g attlool that x prrsoaolly O%tara t st iota laaattall aid tbiki tie tartiptdat ortom llaw Wire is twat MU s0 is odd starRao sjsdst.t,. !8 UMW WNW 2 bare bemoan. sot al ihmk eat affixed tat arrg00rt0 seal ae..aaid errtt Late City, Utah, 'lids 6t,,h ilr et Hay A. O., 19611. 1?•2.444402)k)ticitmerair ( ) Y ' aralle at Ina a as Cltl�ll;0y We TAXI ) I, Herman J. Hogensen A Oa dsly shoos, apalitiad salt *aim City law lsr at aslt Lin city, thp, do hereby eartity se Maim e X. sto oat Isles city, U1ra111, le a City at the fbet eiora, taar tMeseem tat to tlr you 1860 , tart aatadtaas to tea limited Stearns COS[Mar tics year WO, led at that tine i Mulatto*et 189,454 . Q. That tls names at the ambers at the >laer4 at Oegals,laws aid easieleat Wiser, at easel astt Lie City we as tallow: ate' J. Bracken Lee i'alreisodges a 1-1-68 oixidageggir Herbert F. Smart toss moues* 1-1-68 cemossuserGeorge B. Catmull ewe essussy 1-1-68 C a limn• Joe L. Christensen 'logs fteiaraea 1-3-66 esedastauw Conrad B. Harrison 'lten mussy 1-3-66 esy Adttor Louis E. Holley Toss emboss 1-1-68 atrersmompar Jennings Phillips, Jr. Semi Appointed city moom ter Herman J. Hogensen emwspipsyst Appointed s. That 4 adssaaaes dal/meet by the i.errt et atsaaissisaaee at seta City ma yeswrert in the seed at amela sitaerh atoeats meet, the ropier nssaaias at tie sosaAt ss Crtwslsnisaa o aar llaet to he bait me Selisaasi Each Tuesday, Wednesday and Thursday at 10:00 o'clock a.m. t. ilea there is as litirattas 7aatise tar theaatoet atfes►tan is aaay alW tls leaky at tin $ AOO,000.00 sees d ads zoo City, Utak,, aortae et Jay 1, 104, ar aq.tar isms at hams teacart 4 snit ash iske City, or the toaadasias at;WA City ow the tins to Wise at say at the Wiese"tlooast. • la IMMO 1101Ma , I hale laaraato sat q bid tat attia t the seepearsts seal at said City this 6th tq st May , A. a., MO. P6Af*bS)Itteltelatader WAS Q WAS 0111Mr et Wit lilt Y, lierawa J. Hoeenaen Ohs Oily MtiMoa, hilttlM Mt amities otaty DeiMMrUr of MO lake OW. *eh, 1.bireby.Madly that w, least Moat tray►Mies et the arkwol*r mottos of the l eeet.t ea lli aa3eMAlae et mime yaks city, tltak, mail o! ,Y7eflheodal , the Put ley if MaY 0 , iR Abe beer Of, 10:00 ' A. S., oak 'AVM t.sU an oeve es maim* by set to MI.0a0a[3.su otth the lam et the etas.t Oa set the roles eel oM 4&JI ut of Galt law City, %ea. MI MUM 1111111011, I hew t e.eem o Mat e►teat ott MR!laast the oeraeMsta see/ 0! sett Salt like City, Seh, this 4th y if May A. D. IOC Apoitult6sittatior (a&) 0 sM0lVW ) COM s 88 OS dill 11 U ) 1, ,14 .,�� � * the *sly etruta, q�il ti+st sal elsetet a ttr et salt , OM* do hereby asstigy to the tailrrdrrs toots: , 1. Chet the leant et tee tuaafrle ieciertgr ruble aald Catewer les le the essOletei Oae ihs VW 3,'M 1,321,673,770.00 sea ter the per 3.64 net heless than . • 1,369,396,450.00 it. Chet the tse k1e year r11 tau log Air tie raid Ca. 24 AMA itesel3..Nles Cafe +p Chet the er ,IM elvesess by the # 14,x»,roe.ss Midi salt la t131 be wiry le relate* twee ad ether er.M_lss tortes the towel per atlas Ass 300 1$. per seem .has h. 'putt Ito tip 3ry gtior Its Stool tat iskla6 .4 revaesss tar the nisei pri maw Coe p, Ir Sri • l • • $ 14,273,108.55 et Minh V e rr a ho boas sesetsedto date the see at 9,653,760.43 5. fiat seta CIty lies iMw aeesalr beats setsta else le the sue et sea ewer mere bade*6r$n6tas Is the sue et Ot 11 • . . • eon to r�ter istimaral eat Isaaesa Drosses +furies the Kesel per seism Jrte P. 396 . 6. that the tears hewMteas lertel tar the par 103 eel peorlets pep urt yet eol3*5*1 Or ' 2,264.00 We to left we • . site swat betes uretsteattes sat veweellsolea ea UM, •.. erg et wr , 1544. T. Oat the islet eethiriset bras et ,us 00D411 tots tms Ci 91e1 intleleutiea Ural', d Illy 1, saaMlat*Iri et tee bale, le the Mestat 1 1a et 0,006.00 soh Illy be leplly Issued east trttrerrt itthia the oft :Letts et eai4 cur presess l skit sheet amass Jrrre 96 ,1 Le not le ewes' et the ... 8. Chet the teat Welsh s~rtest teillptte e was et seta City, est1srt11r sit ibds ism is . $ 21,946,000.00 h. fiat the eith Leese et$1,4100,000.00 Warta tenet.le lettdeettee it time osuari$sa et tusi Mf twtaotas r Ilia Most praternes Jam96, M hesta dial laaale Las as a1r1t Teo ,Aatterip ellia brat., the berrMd leitikteasees aide la melee it the eaUesttal it teats errs ether resseees Ito the Meet per alb.+hue 3D, 10, is . .$ 1,000,000.00 40.. IF 10. That the gdeedete mew* of floatts, lsirbtobM . of sold City of every Wm, ubstsso,er se of , other thin tilt aes t seed la parspril► ears, is . . $ 11. flint the said Salt lees City Taxi ,Iostisiye*tlat Seals, Bestss of Illy 1, 1904� els a dillisstiss stead ere payable Out of the tense LoKaS sot to ie lariat en au tenable l7operty,ttht**eta City; tied the sus use taess4 to aacti.rt7peetsen of the eseleeltea it twee for the yam'oodles June 30, 1964; test the aggregate weep* et laislAoar.os lassie*is i tteipstiat+ef the texas tor the year 1964, iwaladisg this lnese, rill ret be is EMU of the tans and other re.eaesro fortis year 1964. 12. Toad the total eaoest et cash is the stetted teal* . . . $ 450,000.00 13. Tent the sold Salt Ube City has uvor, ritbia the tea yaws lest past, defsalted for fifteen days er Mee in the Moe* if pxlaeipoi or laterest of say bards$debt eeth rsasd to be mistreated hp it. 14. ,isg Mott** d saturate aemmos for the stMr trimgai n � ase9614, oo? Sett Lake City $8,510,769.00 IX 1121200 Mfg, I Wm hereunto set warned eat efts.the eorpssmts seal of said Belt Lase City, Utah, this 1st diw of May , A. D., 1964. Ott, tor, t� a 4, tltsla ATi!!!x �.r1ilr,�r! �n►�L.IU. ....,, ^% `, ty, (nu) non Cru z a ea COWIE a MW ZAU ) I, Herman J. Hogensen , the daily OMeR, Naltftet Nei setiM city Deendlor of dolt War City, Maly to bereii9 entity tlaR M refereoire petitta►boo Use tiled ilttesttes!a aetr ear ttie reeolittt rpaved by the Mari of©ssiodaeers of Bolt late City, Ater, es the 6tb day of May , 196b, resolutten entiewismi the teeeOee of $t,000,COO.00 dolt Luke City ling dtteipotieae Derie, devise or Mtn 1, Ida, eel teat the tote vied*Int*ray reterewrr petittea NW*1s silei Me expired. Ill MOM lam, I low Mrreseadl►e sets my leant eat the seal if exit City We 6th dog of May , A. D., 104. AI 10 • at...... .. ��, ., (S) es- emus eV ) maw OP VAIN ) 08 2, ducl /,47 • the aaly skim, imam*sail // aaita*City i tar of Matt'La a,ty, Mtats of Utak, do hereby oertity iayt prier to tM *aaNen f aaa 4.314 y of 01,000,000.00 Salt Lames City Tao ASiaipeaiaa 1MIiM, Series et IMr 1, 1964, brains latnaoi at tiey s+ato of toe►a a ass Omni par Nat (C 1/$) par asawr, papod* at wrt*rity, aoelrorsd ama (1) to tot (10), lest tr"Ui3va, is tie ienoaiaSSiaa of 0100,000.00 aaale, gat ad pagatla Jams '0, 19614 I, as City A~rtitar of Malt Lela►City, au two alas ea iae swarms NA*of add lode a aaetitleato rgedias as e "City akaditar'a 0rrtiiiaata I MUM MUT t3alt tido leaf IS xdileia tte lamed gat limit at Cat Lk* City, Utak, sail is iaaaat aaaNaias to hear. . r Ci yor 2C MUM 1011115101, *taste q►bud ant the seal of Mate Leis City, Utak, tidal 6th aq It May , A. b., 3964. � r ., _a , Utak (MAC►) -13. NMI OP teliN OS aunt kr the taly Oases, 0 +a aela aef r U take City, , M hanky eartity thee I r soirea tau the ma's, or Usti,apnea or apolsns, the tie pries or $1,000,000.00 eat Aatis3Datitie►Daaas, t rr3M Or MY 1, 1904 ae Silt talcs City, Utah, total ttpr 1, 19616, booths most sal this rots or two eta too tor*v r oast (I L/$) air sem, MIA*at aaae arity, srm4a boob Was oaUaroa oat (1) to too (10), bath satla si e, to Ski lasaitaistioo or $100,000.00 oath, pr/abls 70, WA, oral*1ss'sloos prim bests so fbllae e ?rtaatpa1 . . . . 0,000,000.00 Proems • . $ 16.00 tot rrsot Stet to fetal She dote or Aoitrery woo • I larder certify that - Sad or Solt faho 0$tpr, Utak the artlem Or slant the said bands, ors still to*Moe. Dots*this kw od