Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-12-08

s. RESOLUTION PROVIDING FOR
The refur7lnp Of Five Hundred Thou
sand Dollars In bonds Issued pursuant
20 resolution passed october lth 1890
found On the Revised Ordinances OF
salt Lake city OF 1892.
Whereas. Pursuant 20 q resolution
passed by the city Council Of Salt Lake
city. October 7th. 1890. SALT Lake city
issued and sold and has OUTSTANDING
five hundred bonds OF the denomination
Of one Thousand Dollars each. bearing
interest at FIVE per cent per annum,
dated January lst 1891, payable twenty
years after date with the option of pay
ing the same upon the expiration OF ten
years after date; and
Whereas. It IS possible now 10 refund
said bonds az a lower rate OF interest
ard thereby effect q large saving TO Salt
Lake city Corporation, now, therefore,
be 81
Resolved by the city Council Of Salt
Lake city:
Section J. That for the purpose OF OBJ
tanning money 10 refund and liQuidate
said issue 0f bonds OF January lst. 1891,
that Salt Lake City Corporation issue
s.ri0. of hfe hundred coupon bonds Of
the denomination Of one Thousand Dol
lars each the principal payable at the
office Of the City Treasurer OF salt Lake
city twenty years after date thereof
eg'l bonds TO bear date OF January I
1901, with interest thereon from said
dotg at the rate of 3h per cent per an
mum. interest payable saml-annuaIly
thereafter on the first days Of July and
January Of each year In the city OF New
York 40 the banking house of Wells
Fargo d Co., or its successors or 40
The office Of the City Treasurer I'm Salt
Lake City on presentation ana sur
render NJ said coupons as they become
due both principal and interest payable
In lawful money Of the United States;
ana said bonds shah be exempt from
taxation hy said city.
Sec. o. Said bonds shal bc signed by
tha Mayor and city Recorder. and be-
fora issuance of the same, the corporate
seal of Salt Lake City shall be attached
lu each.
Sec. g. Said bonds shall be- known az
Salt Lake City refundins bonds and
shall be- numbered from JOl 90 1000 both
inclusive and shall boz registered in
numerical order in a book kept for
that purpose by the Auditor OF said
city and shall be- sold only upon the
order of the city Council iu such lots
ON such terms and In such manner as
20 shall designate. and shall De- Of
form ana tenor % De approved by the
C.ty Council and TO each of said bonds
tharc shall Doe attached forty interest
coupons 90 De numbered from ! TO- 40.
both inclusive, with the proper dates of
payment named therein and each shall
bear the photographic signature OF the
Mayor and city Recorder
Sec. f. All moneys derived from the
sale ot The bonds issued pursuant f1
this resolution shall Doe applied solely 10
the purpose of paying and relundiur
said five hundred thousand dollars 0f
bonds issued pursuant io the aforesaid
resolution OF October Eth. 1s10.
Sec. 8. There shall Doc set aside ont
OF the revenue of said city sem-annu-
ally q sum sufficient 10 pay the interest
upon said bonds and for the payment
OF the principal and interest of said u.s.
sue OF bonds, the faith and credit of
salt Lake city is hereby pledged.
Passed by the City Council OF salt
Lake city Utah. November %, 1900. ana
referred % the Mayor f1r hig approval
r. q. NAHLOR City Recorder
Ry j. o. Nystrom Deputy
Approved this 2sth day OF November.
4. D. 1900. EZRA THOMPSON.
Mayor
stoto OF Utah, city and County Of SALT
Lake.
], j. o. Nystrom, City Recorder OF
salt Lake city. Utah, do hereby certify
that the above and foregoing IS 81 fuI
true ana correct copy OF resolution
entitled. "a resolution providing for
the refunding OF i've hundred thou