The Sun. [volume] (Price, Utah) 1915-1932, 1919-07-04
ORDINANCE M. so-NN OtDIN.

nn,, Contracting An Indebtedness
ON Behalf - the CITY uf Price.
Utah, and Upon the Credit Th,i,ct,
By Issuing the NcEuuahiu Coupon
Hunda 1T said cay In IN" Amount
ct Duc Hundred abi seventy Thou.
r,ud dollars For thc rurpus" ~
Supplying Said Ciiy with W'tyr ~
Improving the water system Now
owned and Controlled liy the CITY,
Prescribing the Form nf said Bonds
rud Providing For the Levy ui %
THN Upon Al ~ tho THNuhl" Prop
/ priy Within Said CitN Sufficient 10
Pas the Interest on and o. ENa
tnguiHh the Principal ut such Debit
Whrrvus. On FUN conformity with the
l constitution and laws ct the state ut
I Utah. and the ordinances. rules ana
| orders uf The ,ity - Price. the quail
+ flrd virytufH ~ the yity nt o. special
] rlr. tluu lawfully rallied ana duly held
I un the Nth dbN ~ March. 4 o.. 1919.
authorized the ritN vuuuyil Co Improve
l tho water system now owned ana Iuua
I trniivd hh said city. for ,hu tfuruut' 90
supply INK said uity and the inhabitants
I thereof with water uud hive likewise
. authorized tho ritN council a. puttu,t
Hu iuduhtrdu,aH un behalf , tNv .Iiu
uni upun the credit thereof nN 'rsutus
I a." negotiable coupon huuds eve fby
Z city iu the amount uf uuU hundred and
trNyut, thousand dollars tfl5u.s
uuu 900, tor the purpose uf ruppli iuE
I said Iity with water iy improving the
water system now owned HUU ruItrUlir
vd o., the city, ana,
Whereas The ,itN council ut sid
cts dUus nov drvm Do vNuvulrut and
necessary a. proceed with the i'm
. prov rWrut uf such water system. for
tho purpose aforesaid ana Tor such
purpose tn contract the necessary ia
dshtrducss un behalf eft the yity and
upon th, credit thsrvsi Cos issuing the
negotiable coupon bonds cot the city
Ia said amount uf one hundred and
seventy thousand dollars Sow, There,
fore
/ HE IT ORDAINED ny THE CITY
COUNCIL uF Tine CITY oF
PRICE, UTAH
Sec . That the water system nov
owned and controlled hy the ,ity Tor
the purpose eft supplying the tlN ut
Price and che inhabitants thereof with
water De- extended aud Improved iu
accordance with the contracts. plans
ana specifications adopted cor ta be-
adopted hA the city council
See 2 That fur the purpose ~
pruNiding funds Tor the Improvement
ut the water system now owned auu
uprrHted hy the pitN ut Price. the pitt
shall issue its negotiable ,uupuu bounds
boa the aggregate amount uI one uuur
dred ana seventy thousand duIIara
Nl7O,OOu.Onl, consisting uI ono bun.
Ndrtd and seventy lltul bonds iu tht
denomination uf one Thousand dollar
$4,000 each, PAYABLE iH lawful MONEY
nf the United States. aud bearing 900
teI-st from auJ after the Nfst day ui
June, A. T., lHls, az the rate cot q uyi
/ veutum per uuuum, payable rrml-aU.
uutlly on the FIRST uuN OF june HUu tN.
first daN 81 December lu each wear
ANA evidenced iy coupons attached q,
d D.
hrrrd boo regular and consecutive
. order. commencing with Au. Z t'N. uU.
shall lr absolutely due ana payable DO
the order 90 their number Uu the IIr.
day uf June, A. H., 1889, With th,
reserved right ana privilege. however
q redeem said bonds ON ur after th'
first diA uf June, A. d., 1884. Sal,
bonds and the coupons attached There
a. shall hr PAYABLE ut the office ut tH'
. ,itN treasurer cor at the banking uuur'
uf kuuntzp brothers, iu the city ,
New YORK. a. :. A. at the option u
tAc hu'dvg. Sfid bonds shall bear dat,
tho first uaN HI June, A. H., 1913, rhul
he signed ny the mayor. pttested o.
tlu tlty recorder under the seal u
said city guuutersigned Dos the git'
treasurer. aud shall nc registered iu
book 90 hc kept hy said cts rvpurde
Tor that purpose. and the dty regurdc
shall endorse upon each ut said bond
Ie certificate required hN Sec, 400 20
the Complied Laws ut Utah, 1917, ul
coupons shall bear tho facsimile sig
nature of the city treasurer of sal,
city and as thus executed, shall M
the binding obligation Of the ylty tu
the interest evidenced thereby
Sec e. said bonds and the coupon
thereto attached shall be- bon suus-anti
ally the following form.
tFuTm uf Bond
I UNITED STATES or AMERICA.
state OF Utah.
COUNTY OF CARBON,
CITY or PRICE
/ CITY or PRICE WATER BOND,
Series OF 1919,
No. ...... $1,000
The city OF Price. In the county O