The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-02-01
LEGAL.
Notice of Sale of Bonds 6y Salt Lake
City, Utah,


TO WHOM IT MAY CONCERN.
Notice is hereby given tina. whereas, at
an election duly held in Salt Lake city,
1tah, on the ID day of January. 1eas upon
the proposition of said city mourning
bonded Indebtedness TO Increase its water
supply. and also upon the proposition Of
Salo city mourning bonded indebtedness
70 establish a sewer system In the south
ern and western portions of said city a
majority OF the qualified electors of said
city voting at said election voted in favor
OF mourning said bonded Indebtedness on
Doth propositions submitted to them.
and thereby aut horized said Salt Lake
City to incur a bonded Indebtedness in
the sum of eight hundred and fifty thou
sand CSoJ0.t00) dollars to Increase and inn
also a bonded Indebtedness in the sum or
one hundred and fifty thousand (Sf5O.0G0)
dollars TO establish sewer system in the
city;
And. Whereas. on the ed day OF jan
uary, 1865, the 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
said bonds:
Now. Therefore. notice is hereby given
that Salt Lake City proposes to issue and
sell bonds Of the face value of eight hum
dred and fifty thousand (SS50. O0o1 dollars
to increase and improve the water supply
OF said city. and bonds of the face value
of one hundred and fifty thousand (SI50
COO dollars to esta blish a sewer system in
the southern and western portions OF said
city. anu tndL DlQS tneTeIOF are aShGQ-
Said bonds shall bear interest at rate
not to exceed four (s3 per cent Per an
mum, which interest shall De payable
semi annually; said bonds shall become
due and payable at the end of twenty t2U)
years from the date OF issue, with the
option reserved TO the city TO pay or re-
fund the same al any time after the eX-
piration of ten (i0) years after the date
OF issue. and shall be Of such denomina-
tiOn 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 sinking fund
for the payment of said bonds and inter
est thereon
And. whereas. IT is not deemed expedieRt
to issue all Of said bonds and pay useless
interest tnereousduring the time the funds
therefor are lying idle. bids arc required
to be made upon said bonds Ia be pur-
WATER BONDS.
Two hundred thousand $500, 900 dollars
thereof on April l. 1905.
Two hundred thousand (S2O0O0Ol dollars
thereof on July 1, 1905
Two hundred thousand (S30aoJ0) dollars
thereof Oct. !, 1895
And the remaining two hundred and
fifty thousand (s250.O0O dollars on Dec.
SEWER BONDS.
Fifty thousand $4,000 dollars thereof
FIFTY Thousand $4,000 dollars thereof
Fifty thousand $4,000 dollars thereof
Each and every bid upon said bonds
shall be accompanied by a duly certified
check or draft in the sum of ten thou
sand fSfaoo9} dollars. payable to the treas
urer of Salt Lake city, as guarantee
Of good faith on the part of the bidder,
and to reimburse said city for its loss and
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
be placed in the hands of the city recorder
of Salt Lake City on or before 7-3O o'clock
p. m. on the 9th day of February, 1898.
and the Will be opened at sad hour.
No bids for less than the face value OF
said bonds will be considered.
Salt Lake City reserves the right TO re-
jecr any and all bids, and to accept any
bid advantageous to said city.
Dated Jan. "a. 1905.
RICHARD 2. MORRIS,
(SeaID Mayor of Salt Lake City.
J. :. CRITCf1LOW,
Recorder of Salt Lake City.