The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1907-08-14

represented. certified and stipulated
that all acts and things essential 10
the validity ofthese bdbds have been
done and THAT every SeqdlSemeht OIL
law effecting the issue thereof has
has been duly and fully complied with,
and that the total amount OF this
series Of bonds iswithln the debt limit |
prescribed by the constitution and
laws or this state; that the faith and
credit Of Logan City are hereby ire
vocably pledged 20 the punctual paysl
ment d The principal. and Interest 10
this bond according to its terms.s This
Is one Of a ssriesof forty.6ye (45lbdpds
issued ,by gsaid city Or the sltnd tSnor
ana date, sot tho denominAti6I D. one
thousand dollars (sl,0o0), numbered
from one to forty.five both inclusive,
and are issued for the purpose Of re-
fupding bonds Of said (, city IN an equal
amount ittt i4 e 4Sllltt %HafN
IN TESTIMONY; WHEREOF, the
said Logan City, OF Cache County,
State OF Utah, has caused these
presents to be signed by its Mayor
and City Recorder and It's corporate
seal to be affixed this fifteenth day Of
August, A. d. 1907. ~
.f efss..... ......ss..s..... .....
Mayor OF Logan City.
......'... .........
Recorder of Logan City. :
And the said interest coupons at
tached to said bonds shall be In the
following form, viz:
$3.50.
LOGAN CITY, Of Cache County,
State Of Utah, promises to paw bearer
at the State Bank Of Utah. twenty-five
and fifty one.hundredths dollars
(s22.5O) on the fifteenth day Of. ......,
190.. beng interest due On that date
on Bond No. .......... ys
! ................s j.
| Mayor Of Logan City.
Attest: --''i1
L F4i ........s.........
| Recorder OF Logan City.
Sec. 8. 1t IL further, ordained that
for the payment Of the interest Of
said bonds as the same shall become
Idue, the sum Of sl,Ol25O Is hereby
appropriated on the fifteenth days Of
each February and August In each
year during the time the said bonds
shall continue as an obligation Of the
said city, payable out Of the general
fund Of said city. j ''-'''
Sec. Z. 1t is further ordained that
for the purpose Of providing funds for
the payment Of the said interest, there
Is hereby levied annually q sufficient
tar upon all the taxable property Of
the said city during the period the said
bonds shall remain an obligation
against the said city, and beginning
with the year 1917, there is hereby
levied sufficient tax annually upon
all Of the taxable property OF the said
} city, to provide sinking fund to pay
I the said bonds upon their maturity.
. Sec. s, All Of the agreements, re-
I citals and representation contained
In said bonds and coupons and all re-
/ citals and representations contained
In this ordinance are fully considered
and understood and IL is hereby or
/ dained that the same are the agree
Z mehts, recitals and representations O
o Logan City. ~ ig
q Sec. .. Upon the execution OF TIN
|. said bonds by the Mayor and City Re
n corder the same shall be delivered I,
Il the City Treasurer Of said city who 4
}. hereby charged upon his ofiiciai bon,
Il for the safe keeping Of the same, a
o well as the proceeds OF the sale thereof
d Upon receipt thereof the City Treas
Il urer Is hereby authorized to deliver L
Il the State Board OF Land Comm ission
ers forty OF said bonds Ia exchange 10
: an equal number OF the bonds Q
Logan City, the refunding Of whic
are provided for by this ordinance
and the remaining five Of said bond
the treasurer is authorized to sell to tn
State Board OF Land Commissioner
Il for the sum OF five thousand dollar
($5,0O0), and with the proceeds there
of to redeem the five remaining bonds
the refunding Of which is provided 70
:, by this ordinance.
= Sec 10. This ordinance shall tax
/, effect upon its approval and publics
~ ton.
Passed by the City Council this IT
q day Of August, 1907.
S, o. STEVENS
N Pres. of the City Council Pro TEN.
Approved by the Mayor this 10th da
% OF August, 1907.