The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-04-06

ment and the rate of interest to BID
They shall have printed up on the mar
words authorized by act of the GOV
and legislative assembly of the territ
Utah, A. ID. 1890" and upon the b
the bonds shall be printed q cert
signed by the county clerk in su
TALLY the following form: II certif
the within bond is issued in acco
with law, and is within the debt
permitted by the statutes of the ter
of Utah, and in accordance with
the taxpayers of -- school dist1
county, territory of Utah, at
lar Cor specially meeting held on the
day Of, A. ID. -, to issue
to the amount of-dollars. The,
be signed by the chairman
clerk of the school district,
shall be registered and number
book to be kept by the clerk 70
purpose, in which shall be entere
number, date, denomination, name
person to whom issued, and the date
the same shall become due; provide.
6onds issued under the provisions o
Gle XIV of this act shall be signed
president and clerk and countersigl
the treasurer of the board of educati
Sec. 94-In addition to the amoun
may already be levied under the
ions Of this act, there shall be levied /
trustees annually in the month of L
Der on the taxable property of the
district so issuing bonds, and assesst
collected as other taxes are assesseJ
collected, sum sufficient, not
ceeding two and a half mill
the dollar of the assessed val
of said district, to pay the inI
upon such bonded Indebtedness, and
five years in like manner a further II
to exceed two mills upon the dollar S
levied by the trustees of such distII
the month of December, for sinking
TO be used In payment of such bonds
they become due, and for no other pull
except whenever there may be sui
funds on hand, the trustees may, iIj
discretion, purchase any of it's outstal
bonds at the lowest market price, an
for the same out of the sinking fund.-
vided, such price does not exceed til
value of such bonds.
Sec. 95-Whenever any bonds are
under the provisions of this act the
tees shall have authority to negotiat
sell such bonds for not less than thei
value. And the proceeds shall be us|
clusively for the purposes for which
were issued.
Sec. 96-Bonds issued under the
sions of this act shall be lien upo
taxable property in the school distr
suing them, and when any trustees NJ
| N.x1 A...-
law to meet outstanding bonds or th
terest thereon, the county court shall
such tax, and when collected apply
the payment of such bonds and the in
due thereon.
Sec. g7-Whenever any of the Dor
a school district shall have been rede
or purchased by the trustees, they sh
cancelled by writing or printing in r,
across each bond and coupon, the Y
''paid and cancelled" and the date o
ment and amount paid, shall be enter
the clerks register against the numb
the bond, and thereafter no interest
be paid on account of the bond so can,
and the bonds and coupons so cancelled
be filed in the office of the clerk of I'll
trict, until all the outstanding bond
coupons of any one series are paid, wi
such bonds and coupons shall be dest
in the presence of quorum of the DO
trustees, and such fact shall be en-
upon the records of the board.
Sec. 9S-Whenever any schoolhot
to be built. the trustees shall advert
at least thirty days in some new:
printed in the county, or if no new.
is printed in the county, by posting I
for the same length of time in fiv
spicuous and public places in the C,
for sealed proposals for building
schoolhouse in accordance with plaI
specifications which shall be furnish
the trustees, stating in such adv
ment or notice the place where, tn
and hour when all proposals W
opened, and reserving the RIG
reject any and all proposals. A
time and place specified in said mott
trustees shall meet and publicly opt
read all the proposals which have be
ceived, and shall award the contract
lowest responsible bidder, and sh
quire of such contractor bond in
the amount of the contract, condi
that he will properly perform the
lions of the contract in faithful n
and in accordance with its provisio
case none of the proposals is satisf
all shall be rejected, and said trustee
advertise anew in the same manner
fore and until a satisfactory propose
. be submitted.
Sec. 99-The provisions Of this ac
be applicable to and shall authorii
issue of bonds by such school distri
have already built schoolhouses, a
taxpayers of any such school distri
vote to bond the Indebtedness incur
reason of building and furnishing
house or purchasing a site for the
and bonds therefor may be issued
same manner as herein provided for
ing and furnishing schoolhouses.