The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-04-16

ana also Tor the purpose OF constitut-
Ing a sinking fund to pay one TWEEN
tieth Of the principal OF said bonds
in each year, there shall be levied
in the year 1918. on all the taxable
property In said town, In addition to
sll other taxes. a direct annual tax
sufficient to produce the sum Of
eight hundred eighty ($Ss0.00) dol
lars; that In order to raise the nee
essary funds with which to pay the
interest due November 1, 1919, and
thereafter up to and including May
l. 1888. promptly as the same ac-
crues. and also for the purpose OF
constituting q sinking fund to pay
one twentieth Of the principal Of
said bonds In each year, there shall
be levied In each OF the year 1919
to 1897. inclusive. on all the taxable
property in said town, in addition to
all other taxes, direct annual tax
sufficient to produce tho sum Of
eight hundred eighty (Sss0.O0) dol
lars in each year. and said taxes,
when collected. shall be applied sole
ly for the purpose Of the payment of
said interest and principal of said
bonds. respectively, and for no other
purpose whatever. until the indebt-
edness SO contracted under this or
dinance, principal and interest. shall
have been fully paid. satisfied and
discharged, but nothing herein con-
tanned shall be SO construed as to
prevent said town from applying any
other funds that may be In the
town treasury and available for that
purpose to the payment of said in
terest or principal, as the same re-
spectively mature. and the levy or
levies herein provided for may there
upon to that extent be diminished.
1t shall be the duty of the Board
Of Trustees of said town annually,
and at the time and In the manner
provided by law for levying other
town taxes. II such action shall be
necessary to effectuate the provi-
sions of this ordinance. to ratify and
carry out the provisions hereof with
reference to the levying and collec-
ton of taxes: and shall require the
officers Of and for said town to levy.
extend and collect such taxes in the
manner provided by law for the pur-
pose of creating fund for and ap-
piled only to the payment of the
interest and principal Of said bonds
as hereinbefore specified.
Be 1t Further ordained that the
offer of the Industrial Commission
of Utah. to purchase said bonds at
price Of not less than their par
4 value and to take up and pay for
the same on delivery. Is hereby &C
cepted, and the issuance and deliv-
cry of said bonds to said Industrial
Commission is hereby directed and
authorized on receipt from said Com
> mission Of said purchase price.
And Be 1t Further Ordained, that
all ordinances of the Town OF Hyde
. Park In conflict with this ordinance
ARE hereby repealed: and that after
said bonds are issued this ordinance
shall be and remain irrepealable un-
til said bonds and the interest there
ON shall have been fully paid. sat
; isfied and discharged as herein pro-
: vided.
And Be It Further Ordained, that
/, this ordinance, Immediately upon its
passage shall be deposited In the Of
flee of the Clerk Of the Town Board,
and by him recorded In the Book of
Ordinances of said town kept for
that purpose, authenticated by the
President OF the Town Board OF
Trustees, attested by said Town
Clerk. and shall be published In at
least one issue Of The Logan Repub-
lican. q newspaper published In
Cache County. and having a general
circulation In said town, and said
Ordinance shall Immediately take eff
feet and be in force upon such pub
llicaticn.
Passed by the Board OF. Trustees
OF Hyde Park Town, Cache County.
Utah. this Sth day Of April. 1918.
]. W. d. HURREN.
President OF Board Of Trustees.
Attest:
J. w. SEAMONS,
Clerk of Board Of Trustees.
(SeaD
Approved this sth day Of April,
1918.
]. w. ID. HURREN.
President Board of Trustees.