Iron County record. [volume] (Cedar City, Utah) 1893-1982, 1920-06-11


Issuance and Sale of Nine
thousand Dollars ($o,000.00)
Street Lighting Bonds of Ce-
dar City. Utah; Also Fifty
Thousand Dollars ($50,0O0)
Water Works Bonds of Cedar
City. Utah.
WHEREAS by the result of a
special election duly called and held
in Cedar City, Iron County, Utah, on
Saturday the LIST day of May, 1920,
said City was authorized and EN-.
powered to issue and sell Nine Thou
sand Dollars (9,000.00) Street Light
ing Bonds; also Fifty Thousand Dol
lars O,OO0OO) Water Works
Bonds, and,
WHEREAS the result of said cleo
ton was duly declared by the City
Council of said City sitting as a
Board Of Canvassers, by resolution
duly passed on the 3rd day of May,
1920, from which it appears that the
total number Of votes cast at said
election in favor Of the issuance and
sale of said Lighting Bonds was Ill
and the total number Of votes cast
against the issuance and sale Of
Lighting Bonds was 35, showing a
majority Of 76 votes in favor of the
issuance and sale of said Light Bonds;
that the total number of votes cast
Mt said election in favor of the is
suance and sale of said Water Works
Bonds was 104, and the total number
of votes cast against the issuance and
sale of said Water Works Bonds was
SO, showing a majority of 66 votes in
favor of the issuance and sale Of
said Water Works Bonds, and,
WHEREAS, on the LIST day of
April, 1920 the Palmer Bond and
Mortgage Company offered to pur-
chase said bonds, paying therefore a
price satisfactory to this Council,
with accrued interest from date Of
bonds to date of delivery thereof,
which bid was the highest, best and
most advantageous 70 the City and
which has by resolution been accepted
by said City Council, and,
WHEREAS, there is immediate and
pressing need Of raising funds in the
amounts and for the purposes spec
flied,
NOW THEREFORE, BE 1T OR
DAMNED, by the City Council Of
Cedar City, Iron County, UTAH
Section THAT for the purpose Of
defraying the expense of installing a
modern and complete street lighting
system within said City for the ,pur-
pose of supplying said City and the
inhabitants thereof with artificial
light, the same to be owned and con-
trolled by said municipality, in the
manner provided for in the ordinance
passed by the City Council on Thurs.
day the LIST day of April 1920, pro-
viding for and ordering a special
election for the purpose of submit.
ting to the qualified electors of said
City the question, among others, OF
mourning a bonded Indebtedness t.
the said amount of 100000, Ceda,
City does issue 100000 lighting
bonds of the denomination of $1,000
each, numbered consecutively from
1 to Q, both inclusive, to be demon
mated "Cedar City Lighting Bonds
to be dated the first day of May, 1921
and to become due and payable ser
tally as follows:--
Bonds numbered 1 and 2 payable
the first day of May, 1921.
Bonds numbered and payable
the first day of May 1922.
Bonds numbered and 6 payabl
the first day of May 1923.
Bonds numbered 7 and 8 payabl
the first day of May 1924.
Bonds numbered payable tn
first day of May 1925.
Said bonds and each of Their
shall be in substantially the follow
ing form to-wit:-
UNITED STATES OF AMERICl
STATE OF UTAH
COUNTY OF IRON