The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-07-18
An Ordinance.

AN ORDINANCE PROVIDING FOR
the issue and negotiation of eight hun
dred and fifty thousand $3.50. OOOOO) dol
lars IN water bonds and one hundred and
fifty thousand (Sl5o, 000.0O dollars in sewer
Whereas BY a special election here
tO1Ore duly called and held on Jan 3
empowered to issue and sell the bonds
hereinafter set forth and described TO
the amount herein mentioned; and
whereas, An advertisement for BIDS on
said bonds was heretofore made. and bids
therefor were received and considered by
Whereas. The Mutual Life Insurance
company OF New York. being the highest
ana best bidder. and its bid having been
accepted. became the purchaser of all OF
sald bonds: now, therefore,
BE 1t ordained by the city council OF
Sa!t Lake City. Utah:
Section l. That for the purpose of eX-
tenGlng and improving the water system
OF SAT- Lake City now owned and TO be
Lake City does issue eight hundred and
Iiitty tsoO water bonds of the denomina-
oioIt OF one thousand dollars (Sl,OOO-Vol
each, conSecutiveIy numbered from l TO
S00: both numbers included.
Sald bonds and each of them shall be
the following form, words and figures,
and shall contain the covenants. repre-
Sentatlons, dates and statements in the
6NolloWlng form contained; to-wit;
Number - Number -.
UNITED STATES OF AMERICA.
:, ooo STATE OF UTAH
$1,000 (State Coat of Arms) $1,000
City OF
WATER BOND.
Series D.
KNOW ALL MEN BY THESE PRE-
SCENTS, That the city of Salt Lake city,
IN the state of Utah, for value received
hereby acknowledges itself TO be indebted
this bond be registered. to the registered
owner hereof, on the first day of April
1928; the sum of ONE THOUSAND DOL
LARS in gold coin of the United States
OF America of the present standard OF
weight and fineness, with interest there
on at the rate of 4 per centum per an
mum, payable. in like gold coin, semi
annually the 1st day of April and the
LIST day of October in each year. until
the principal thereof falls due upon the
presentation and surrender of the inter
est coupons hereto annexed as they sew
be registered, in which case the interest
snail be payable to the registered owner.
are payable at the United States Mort
gage q Trust company, in New York
This bond is one of a series of $50
bonds, numbered from l TO $50, both in
elusive, of like date, tenor and amount,
and Is issued pursuant to sections 3OS
300 and $40 of the Revised Statutes of
Dtah OF 1898, and an ordinance passed
NOV. y, 1904, by the city council Of Salt
said city Nov -, 1904, and has been au-
thorized by the electors of said city at
4SOo, Tor the purpose OF extending ana
improving the water system of said city,
20 De owned ana controlled by said city
rms bond Is subject TO redemption at
any time after ten years after its date
OF issue upon payment of the principal OF
the bond and the interest then accrued.
The city council shall annually levy
SUFFICIENT tax to pay the interest on this
bond as it falls due, and also to consti-
tute sinking fund for the payment of
the principal thereof within twenty years.
1t IS hereby certified that all condi-
lions, acts and things essential to the
validity of this bond, exist, have hap
pened and have been done, and that every
requirement Of law affecting the issue
thereof mas been duly complied with, and
that this bond is within every debt and
other limit prescribed by the constitution
and laws of said state; and that the
faith and credit of the city of Salt Lake
City are hereby irTevOcabIy pledged to
the punctual payment Of the principal
and interest of this bond, according to
it's terms.
IN WITNESS WHEREOF. the city OF
Salt Lake City has caused this bond TO be
signed by its mayor and its corporate seal
to be attached hereto, attested by it's city
recorder, and the annexed coupons to
bear the fac-simile signatures of said
mayor and city recorder, as of the first
day of April, 1905