The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1905-08-18

1929. Cnalvills cts. municipal cor
poraiion NJ Summit County. State Of
Uah pfomi.-s b. pay bearer the sun
Of one Thousand Doilarslsl 1000. gold
com OF the United States OF America
sith interest thereon from date until
paid al the rate Of five per cent. IS per
cent psrAnnum PAYABLE .em annually
on the fret day Of each March and Sen.
tembcr eniuiug the date hereof.
upon presentation AID surrender
Of the annexed inierest-cou =
pons, both principal aud in
teres, payable atthe First National Bank
Of Caalville, Coslyille. Utah.
Sal city receives the right 10 pay or
redeem 10 srcent II Thu bpnd 1T any
time after one a. year from The date
hereof. In arcnrl,ncs with SEQ. 9 Of me
o-iinanre Vhich proyide- for the issue
20 this bond.
IL l. hereby r'p'e'en'ed, terrified aud
stipulated that all acts and things
essential to the validity Of thi. boui have
been done, and that every requirement
Of law affecting the issue thereof has
been dolly aud fully complied with, anu
that the total amount Of this series of
houds is within the debt limit pre-
'r,ribe by the constitution and laws Of
neia state that the faith and credit Of
Coalville City are hereby irrevocably
pledged TO the punctuh payment Of the
principal and interest Of this bond &C.
cording 10 its terms.
This Is a series Of ten 10l bonds
Issued by said city Of the same tenor
and date, Of the denomination Of One
Thousand Dollars ~ 10000. numbered
from one to ten. both inclusive, and are
issued Tor the purpose Of establishing q
municipal electric lighting system.
Is w;rSRs' wnrHror the .ail Cnayille
City, Of summit County S't'- NJ uiah.
has caused these presents 10 be .isned
by he Mavor and City Recorder and hes
caused he corporate seal to be- hsreputo
affixed this fret day Of september. A.
D. 1905.
Attest; CoANutE CuY
tsealJ By FRASR CRorr. Mayor.
FnANg Rrrox,
CITY Recorder Of Coalyille CITY.
And the said Interest coupons At
tached to said bonds shall be- iu the fol-
owing form. to.wit;
.a,e25OO)
the PSllIe City, Of summit County.
weu,y.iGah, promises to pay bearer.
az Of. .... Netional Bank Of Coalyille.
ne on ttat daieQers $4,000 on the fret
Attest. n. being Interest
,seal.l ByN bend No. 5000.
CoALvlLr Cur,
City Record ASK CRorr. Mayor
sEcrios 8. All FnANK RmroN,
,i,als, and represent er Of Coalville CITY.
aid. bonds aud che agreements, re-
ritals aud representations contained In
this ordinance are lupons, and al re-
understood and II etiohs contained In
that the same are fully considered and
citals, and represIi s hereby ordained
City. Jthe agreements, re. !
sEcrios Z. Tbentations Of CoalviIei
the interest ontl
shall becom2iYat Tor the payment OF
Of Two 10 said bonds A. the same
such ,Rue and payable, the sum
hxS kfdndrsd Fifty Dollars t,26OOO,
Amount as may be necessary Is here
appropriated on the hrst day Of each
Iarch and September during the time
aid bonds shall continue an obligation
the said city, payable out Of a special
= sinking fund Of said city, created for
bat purpose.
srcrfoS s. Upon the execution Of
he saId bonds by the Mayor and CITY
ecorder, the same shall be delivered
the Treasurer Of said City, who il
erehy charged upon his official bond
'r the safe keeping Of the same a. well
= the proceeds Of the sale thereof.
lpon receipt Whereof, the City Treas
Ter Il hereby authorized and directed
sell the same to the First National
ank OF Coalyille, Of Coalyille, State Of
tab, for the face value thereof, and
ne proceeds OF such sale shall he held
y him In a special fund, to be known ;
the Electric Light Fund and shall
2 used ano expended only in the e..
OF the said municipal
ectric lighting system.
This Ordinance to take effect upon It's
assage and publication. Passed
nanimously the eth day Of July, A. D.
'O5.
FRASK CRoTr
Mayor Of CoAlville City.
Corporate Seal
FRANK RPPos,
City Recorder Of Coalyille CITY.
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