The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-01-25
$50 Offices.
LEGAL.
Notice of Sale of Bonds BY Salt Lake
City, Utah.


TO WHOM 1T MAY CONCERN:
Notice is hereby given that whereas. at
an election duly held in Salt Lake city.
Utah, tho Sd day of January. 1875. upon
the proposition of said city mourning
bonded indeht eaness 10 increase its water
supply. and also upon the proposition of
said city mourning bonded indebtedness
to establish sewer system i'm the south
ern and western portions of said city, "A
majority OF the quaIifi electors of said
city voting at said election voted i'm favor
Of mourning said bonded Indebtedness on
both propositions so submitted 10 them.
and thereby authorized said salt Lake
City to incur q bonded Indebtedness in
the sum of eight hundred and fifty thou
sand SSo00OO dollars to increase and inn
prove the water supply of said city, and
also bonded Indebtedness i'm the sum OF
ono hundred and fifty thousand (Si5O. 0O0)
dollars TO establieh a sewer system in the
southern and western portions of said
uary. 1905, tho city council of Salt Lake
city passed a resolution duly approved
by the mayor of said city authorizing and
directing the mayor and recorder Of said
Salt lake City to advertise for bids for
said bonds:
Now, Therefore. notice is hereby given
that Salt Lake City proposes to issue and
sell bonds of the face value Of eight hun
dred and fifty thousand (ss50,00ol dollars
Of said city. and bonds of the face value
of one hundred and fifty thousand (S150.-
COO dollars to establish sewer system in
the southern and western portions of said
city and that bids therefor e asked.
Said bonds shall bear interest at a rate
mum. which interest shall be payable
semi-annually; said bonds shall become
due and payable at the end of twenty COD
years from the date of Issue, with the
option reserved to the city TO pay or re-
fund the same at any time after the eX-
piration of ten l0) years. after the date
of issue and shall be of such denomina-
ton or denominations as the city council
may hereafter determine. and the net
revenue from said water system shall be
set apart for and shall be a sinking fund
for the payment of said bonds and inter
est thereon.
to issue all of said bonds and pay useless
interest thereon during the time the funds
therefor arc lying id!e. bids are required
chased and paid for IN the following man.
! ner:
Two hundred thousand CS200. 300 dollars
thereof on AprA I. 1905.
Two hundred thousand Cs2O0OOO> dollars
Two hundred thousand $500. 000) dollars
| thereof on Oct. l. 1906.
Aud the remaining two hundred and
| nfty thousand (s25eOO0 dollars on Dec.
low; SEWER BONDS.
Fifty thousand ($5o.oc0) dollars thereof
Fifty thousand Cs5oOO0) dollars thereof
u FIFTY fly thousand Cs5O,OOO dollars thereof
/ Each and every bid upon said bonds
| shall be accompanied by a duly certlIiec
| check draft in the sum of ten thou
| sand (Sl00O0l dollars, payable TO the treas
| uFer of Salt Lake City, as a guarantee
| of good faith on the part of the bidder
| and TO reimburse said city for its loss ane
| expense in this behalf in case the bidder
| should not perform his bid after accept
| ance thereof by the city.
| All bids shall be well sealed and shall
4 he placed in the hands of the city recorder
| of Salt Lake City on or before :35 J-cIoel
| D. m. on the 9th day OF February, 1905
/ and the same will be opened at said hour
| No bids for less than the face value o
| said bonds will be considered.
1 Salt Lake CITY reserves the right TO re
iect any and all bids. and to acccpt am
/ bid sfivanta geous 10 said city
/ Dated Jan. "a 1905.
RICHARD p. MORRIS.
| (SealO Mayor of Salt Lake City.
| j. s. CRITCHLOW,
1 Recorder of Salt Lake City.