The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1916-10-26

Board OF Commissioners of said Lo-
gan City, sitting as board of can
vassers, by resolution duly passed
on the 5th day of September. 1915.
WHEREAS, e. II. ROLLINS q
| SONS, of Denver, Colorado. has Of
fered to purchase said bonds at
price not less than their par value
and accrued interest, and to take up
and pay for said bonds on or before
the 18th day of November 1916.
NOW, THEREFORE, BE 1T OR
! DAMNED BY THE BOARD OF COM
MISSIONERS OF LOGAN CITY,
CACHE COUNTY, STATE OF
! UTAH:
That for the purpose of raising
funds for increasing, improving, en-
larging, extending, perfecting and
adding to the present water supply
and waterworks system In said Lo-
gan City, the water system and works
used and to be- used for supplying
such water to the inhabitants of said
Logan City are and shall be owned
and controlled by said municipality,
said Logan City, does issue Seventy
900 waterworks bonds of the de-
nomination of One Thousand Dollars
($1 100000 each, consecutively num-
bered from l to 20, both numbers in
elusive, dated october 1, 1916 and
payable Twenty coo years from
date of issue, drawing interest at
the rate of five CD per cent per
annum, payable semi-annually on the
1st day of April and the LIST day of
October in each year, and to be
known as Logan City Waterworks
Bonds, Series 1916
Said bonds and each of them shall
be, except as to consecutive numbers,
in substantially the following form
(Form of Bond)
UNITED STATES OF AMERICA
STATE OF UTAH,
COUNTY OF CACHE,
LOGAN CITY.
No. ............ 100000
LOGAN CITY WATERWORKS
BOND
Series 1916.
KNOW ALL MEN BY THESE
PRESENTS: That Logan City, in
the County of Cache, State of Utah,
hereby acknowledges itself to be in
debted, and for the value received
hereby promises to pay to the bearer
hereof, the sum of
ONE THOUSAND DOLLARS
in gold coin of the United States.
on the first day of October, 1886, at
the National Bank Of Commerce, in
the City of New York and State of
New York, with interest thereon at
the rate of five CD per cent, per
| annum, payable semi-annually in like
gold coin on the list days of April
and October in each year at the same
place, upon presentation and surren-
der of the annexed coupons as they
severally become due.
THIS BOND Is one of series of
like tenor and date, payable 20 years
from date of issue and known as
Logan City Waterworks Bonds,
Series 1916" issued under, by vir-
tue of and in full and strict con-
formity with Section sos of the Com
piled Laws of Utah, 1907, as amend
ed by Chapter 4. of the Laws of
Utah, 1911, and Section 500 of said
| Compiled Laws as amended by Chap
| ter 3, of the Laws of Utah, 1909,
and Section $40 of said Compiled
Laws, and any and all laws there
unto supplemental, amendatory or
| enabling, and has been authorized
! by such qualified electors of said
| Logan City, as paid a property tax
! therein in the preceding year. at q
J special election held in the said City
on the End day of September, 1916,
for the purpose of raising funds for
increasing. improving, enlarging, eX-
tending, perfecting and adding to the
present water supply and waterworks
system in said Logan City, the water
system and works used and to be used
for supplying such water to the in
habitants of said Logan City are and
shall be owned and controlled by
said municipality.
The Board of Commissioners of
said Logan City shall annually levy
sufficient tax to pay the interest
on this bond as 1t falls due and
also to constitute sinking fund for
the payment of the principle there
of as it falls due.
1T is HEREBY CERTIFIED AND
RECITED that all conditions, acts
and things essential to the validity
of this bond, exist, have happened
and have been done in due time,
form and manner as required by law,
and that every requirement of law
] all'Nblhb Nllt loout thtl CYL Dtth
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 said Logan City
are hereby irreyocably pledged to
the punctual payment of the prln-
cipal and interest of this bond, ac-
coraing to its terms.
IN TESTIMONY WHEREOF the
said Logan City has caused this bond
to be signed by its Mayor and its
City Treasurer, and its corporate seal
to be affixed hereto, attested by its
City Recorder. and the annexed cou-
pons to bear the fac-simile signature
of the City Treasurer of said Lo-
gan City. as Of the list day of Oc-
tober 1916.
! -....----.---.------...----------
(Seal Mayor OF Logan City
-'-.-.--..'-.------....------..--
Attest. City Treasurer