The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-07-01

determining the amount of bonds to
issue, to deduct from the total warrant
Indebtedness the two items last men,
toned. This would leave a warrant
Indebtedness, which should be funded
by issuance of bonds. of sS50,OOo
I'VE would therefore advise you that
you are authorized to issue bonds in
the form and manner as prescribed
above, to the amount of $3.50 600.
We enclose herewith a, form of reso-
luton to be adopted by the board
provided an issuance of bonds is de-
termined upon"
RESOLUTION PASSED.
The report was placed on file and
thereupon the following resolution
passed:
whereas, There was an outstanding in-
debtedneSS existing against the county
OF salt Lake, in the state of Utah, ON
the 4th day of January, 1896, as evidenced
by warrants of said county, amounting
TO three hundred and fifty thousand dol
lars (SS5Q. 600; and
Whereas This board deems il for the
public interest to fund and refund said
Indebtedness and issue bonds of the coun-
ty therefor.
Now, Therefore. be it resolved, that
under and by virtue of the provisions of
subdivision fourteen of section twenty
one OF an act of the legislature of the
state of Utah, entitled IAN act 10 es-
tahllsh uniform system of county gov
eminent. approved April 1itfl 1896. there
be issued negotiable coupon bonds OF
said Salt Lake county in the aggregate
sum of three hundred and fifty Thousand
dollars $3.50, eco; that said bonds be OF the
denomination of one thousand dollars
each and be made payable twenty years
after date, or at any time before that date
and after ten years after date. at the
pleasure of the county, in lawful money of
the United States, with interest at the
rate of five per cent per annum, payable
semi-annually at the Office of the treas
urer of Salt Lake county.
BIT it further resolved, that the county
clerk be, and he is hereby authorized and
directed TO advertise for sealed bids for
the purchase of said bonds, or any part
thereof. for a period of not less than
three weeks, in the Salt Lake Daily
Tribune, a newspaper published in Salt
Lake county, and which said notice shall
recite that such bids will be received up
TO and until twelve o'clock m, of the
twentieth day of July, 1896, at which
time the same will be opened by said
treasurer in the presence of this board
at its meeting held on said last named
date; and which said notice shall further
provide that the right is reserved by this
board to reject any and all bids and to
consider any proposal that may be for the
best interests of the county. The said
notice shall further provide that bidders
are ItQulItu W Dt do " lho
legality of the issue of the bonds before
the hour of opening bids. and that each
bid must be accompanied by certified
check on a national bank for I'VE per
cent of the amount of such bid Said
notice shall further. provide that all bids
must be sealed and addressed to the
board of county commissioners of Salt
Lake county, Utah.
BE ii further resolved, that the county
attorney be, and he is hereby authorized
and directed to prepare and have en-
graved and printed the bonds aforesaid. y
WHITTEMORE WILL HANDLE IT.
Following this another resolution was
passed relative to advertising for bids.
1t was as follows:
Whereas, by a resolution of this board,
three hundred and fifty thousand dollars
has been authorized, and
Whereas, it is advisable that the sale
of said bonds should be advertised and
the knowledge of the sale thereof spread
as widely as possible.
Now, therefore, be il resolved that c.
o. Whittemore, county attorney of Salt
Lake county, Utah, do, and he is hereby
authorized to insert advertisements of the
sale of said bonds and of the time and
terms of such sale in such newspapers OF
general circulation in bond-buying centers
as he may deem advisable, and further.
personally to negotiate with bond-buyerS
and arrange for bids to be submitted by
as many persons as possible on the most
terms obtainable.
The board was unanimous in the
matter of making the issue.