The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-08-23
Notice Of Sale Of Bonds by Salt Lake
City, Utah.

TO WHOM IT MAY CONCERN-NO-
nee is hereby given that, under anc py
authority of majority vote of the quail
lfled electors of Salt Lake City, Titan, at
an election duly held in said city July -.
isos, favoring the mourning of bonded
Indebtedness in the sum of four hundred
ana seventy-five thousand S475.00o dol
lars, Tor the purpose OF defraying the
expense or increasing, improving, enlarg-
ing, extending. perfecting and adding TO
me water supply and waterworks system
OF SAID city. IN the way and manner SET
out IN an ordinance submitting the ques-
ton OF mourning said Indebtedness TO said
qualiiied electors, passed by the CITY
S1unei June Is, 1903, and approved by IN.
mayor June 10, 1908, and also favoring the
mourning of bonded Indebtedness in the
sum OF one hundred and twenty-five thou
sahd $4,000 eo) dollars, for the purpose
OF completing, increasing. extending ana
N IN me way and manner set out in said or
dinance. Salt Lake City proposes to issue
ana sell bonds of the face value of four
nundred andr seventy-five thousand (sil5,-
Ho.oO dollars, 10 increase, improve, en-
large, extend. perfect and add to its wa
ter supply and waterworks system as
aforesaid: and bonds of the face value of
one hundred and twenty-five thousand
SIzo'WVco) dollars TO complete, increase
extend and add TO its sewer system. as
aforesaid, said bonds to bear interest AT
tne rate not to exceed four and one-half
(4ls) per cent per annum. payable semi
annually. and become due and payable at
the end of twenty years from the date Of
issue with the option reserved to the
city to pay or refund the same at any
time after the expiration of ten Q0) years
after the date of issue. and shall be OF
such denomination or denominations as
the City Council may hereafter determine.
The net revenue from said water system
shall be set apart, and shall be sinking
fund for the payment of said water bonds,
and the interest thereon; and the city
council shall annually levy sufficient
tax to pay the interest on said sewer
bonds as ii falls due and also TO consti-
tute a sinking fund for the payment of
the principal thereof
That under and pursuant to a resolu-
ton of the City Council OF Salt Lake City.
passed August 6, 1908 and approved by
the Mayor August z. 1908, the undersigned
Mayor and City Recorder of said city
were authorized and directed TO advertise
for bids for said bonds, in certain news
papers therein named
Now. therefore. in conformity with said
resolution. and under the directions there
in contained. the undersigned Mayor and
City Recorder of Salt Lake City hereby
give notice that bids will be received for
the purchase of said bonds until August
81, 1908. at 1880 o'clock p. m, at which
time all bids must be In the hands of the
City Recorder. and will then be opened.
All bonds to be dated October ]. 1903. and
to be purchased and paid for in the fol-
lowing manner:
Water Bonds.
Two hundred thousand (s90O, o0o. oo) dol
lars thereof on October 1, 1908: one hun
dred and fifty thousand S150. 000.O0) dollars
thereof on January /, 1909. and the re-
manning one hundred and twenty-five
thousand (sl25. 10000 dollars thereof on
| April I, 1909
Sewer Bonds.
One hundred and twenty-five thousand
| (sl25 000.0 0) dollars on October l. 1908
Each and every bid for the purchase OF
said bonds shall be accompanied with q
! certified check for one per cent of the
| face value of bonds bid for. payable 10
the order of the City Treasurer of Salt
Lake City, as a guaranty of good faith
| on the part of the bidder and to reim-
burse said city for its loss and expense in
this behalf In case the bidder shall not
| perform his bid after acceptance there
| of by the city. No bid will be considered
| for less than the face value of said bonds
| Salt Lake City reserves the right to re-
| ject any and all bids, and to accept any
bid deemed advantageous to said CITY
| Dated August 7, 1909
]. S. BRANSFORD.
| Mayor
J. B. MORETON,
| City Recorder