The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-12-10
Notice of Sale of City Refunding
Bonds.

| NOTICE Is HEREBY GIVEN THAT
| SalJ Lake city proposes to issue and sell
/ five hundred refUndiug bonds dated Jan
/ uary 1, 1901, of the denomination of one
thousand dollars each, bearing interest at
the rate OF three and one-half per cent,
payable seml-annually, principal payable
| twenty years after date without any on
1 lion OF prepayment All bids must be seal
/ ed and Envelope marked on outside IBID
/ on Bonds Each bid shall carry with it
| as guarantee of good faith certified
! cneck on local band for five Der. cent of
/ the amount of said bid
No qualified bids will be considered.
Inc city reserves the right To refuse
I Bids must be filed with the city record
| CT NOT iaLer Ihan o clock p. m. on We'd
nesday, the 26th day of December 1900
SALT LAKE CITY CORPORATION
BY order of its city council
J. . N1STROM, City Recorder
A IEtesointIon Providing for the Re
funding Of Five Hundred Thousand Dol
iaIS IN BONDS issued Pursuant TO Reso-
| luton Passed October 9TH. 1890 Found in
me Revised Ordinances OF Salt Lake City
Whereas, Pursuant to resolution
/ passed by the city council of Salt Lake
CITY, oct !, 1880, Salt Lake CITY issued
and sold and has now outstanding tive
/ hundred bonds of the denomination of one
4 thousand dollars each bearing interest IA
I'VE Der cent per annum, dated January
lst. 1881. payable twenty years after date
with the option of paying the same UDou
the expiration Of ten years after date.
and
Whereas, 1t is possible now to refund
said bonds at a lower rate of interest and
Jnereby effect a large saving to Salt Lake
City corporation: now. therefore, be il
Resolved, By the city council of Salt
Lake City:
Section l. That for the purpose of OBJ
tanning money to refund and iiquidate
said issue of bonds of January LIST 1891
that Salt Lake City corporation issue a
series of five hundred coupon bonds of
the denomination of one thousand dollars
each. the principal payable at the office
OF the city treasurer of salt Lake City
twenty years after date thereof, said
bonds to bear date Of January 1901
with interest thereon from said date at
the rate OF 81 per cent per annum, in
tereSt payable Semi-annuaIly thereafter
on the first days of July and January of
each year in the city of New York at
the banking house of Wells Fargo a
the city treasurer in Salt Lake City. OF
presentation and surrender of the sale
coupons as they become due. both prin.
cipal and interest payable IN Lawful
money of the United States and SAID
bonds shall be exempt from taxation by
Sec. 2. Said bonds snail be signed by the
mayor and city recorder, and before is
suance of the same. the corporate seal Of
Salt Lake CITY shall be attached TO each
Sec 3 Sad bonds shall be known as
Salt Lake City Tefunding bonds. and
shaH be numbered from 50l to Loo both
inclusive, and snail be registered In
numerical order in book kept for that
purpose by the auditor of said city and
shall be sold only upon the order of the
city council, in such lots, on such terms
ana in Sucn manner as it shall designate,
and shall be of form and tenor to be ap-
proved by the city council and to each OF
said bonds there shall be attached forty
interest coupons to be numbered from
l to 90. both inclusive, with the proper
dates of payment named therein and each
shall bear the photographic signature OF
the MAYOR and city recorder.
Sec 4. All moneys derived from the
sale of the bonds issued pursuant 10 this
resolution shall be applied solely to the
purpose of paying and refunding said
five hundred thousand dollars Of bonds
issued pursuant 10 the aforesaid resolu-
ton of October 9TH 1890
Sec ,. There shall be set aside out OF
the revenue OF said city Semi-annually q
sum sufficient to pay the interest upon
said bonds. and for the payment Of the
principal and interest Of said issue of
bonds the faith and credit of Salt Lake
City is hereby pledged.
Passed by the city council of Salt Lake
City. Utah. November q 1890. and re-
ferred to the mayor for his approval
r. c. MAYOR, City Recorder.
BY J. o. NYSTROM. Deputy.
Approved this 18th day Of November,
A. d. 1900. EZRA THOMPSON,
State of Utah. City and County Of Salt
I, ]. o. Nystrom. city recorder of salt
Lake City, Utah, do hereby certify that
the above and foregoing is a full. true
and correct copy of a resolution entitled.
a Resolution Providing for the Refund
ing of Five Hundred Thousand Dollars in
Bonds Issued Pursuant to Resolution
Passed October 18th. 1890, Found In the
Revised Ordinances Of Salt Lake City of
1882, passed by the city council of Salt
Lake City, Utah, November % 1890, and
approved by the mayor, November Is
1900, as appears of record in my office
In witness whereof, ! have here
unto set my HANG and affixed the
(Seal.) corporate seal OF Naid city. this
9Th day OF December, 1893.
J. o. NYSTROM
City Recorder.