American Fork citizen. [volume] (American Fork, Utah) 1912-1979, 1922-12-23

| ing interest $lSOO.OO ana SINKING
| fund $1,000, and to meet the interest
accruing on said bonds thereafter
promptly and to create sinking FUND
for the ultimate redemption OF said
bonds, there shall be levied by the
City Council Of said City on all tax
able property in said City. in addi-
ton to all other taxes. direct an
nuai tax in each Of the years 1924 to
1910 both inclusive suficient to pro-
duce the sum OF 100000, being in
terest $4,000 and sinking fund Of
$1,000. and in the year 1871 sufficient
to produce the sum OF 100000. being
interest 100000 and sinking fund
81 100000.
Said taxes when collected shall be
applied solely for the purpose Of the
payment OF said interest and princi-
pal Of said bonds, respectively and
for no other purpose whatever. until
the indebtedness so created under
this ordinance and resolution, princi-
pal and interest shall have been fully
paid, satisfied and discharged. But
nothing herein contained shall be 10
construed as to prevent said City
from applying any other funds that
may be in the City Treasury and
available for the purpose, to the pay
ment Of said interest and principal
as the same respectively mature, and
the levy or levies herein provided for
may thereupon to that extent be d.
minished, and the sums herein pro-
vided for to meet the interest on said
bonds and to discharge the principal
thereof. when due, are hereby ap-
propriated for that purpose and said
amount for each year shall be in
cluded in tie annual appropriation
bills passed by the City Council in
each year respectively.
SECTION s. The sale Of said $780,
100000 Waterworks Bonds. consisting
OF bonds numbered from one ~ to
twenty (20) both inclusive to Palmer
Bond & Mortgage Company. Corpor-
alton Of the State Of Utah. and the
action Of the City Council in accept
ing its bid and all acts and proceed
ings pertaining thereto. are hereby
considered and are hereby ratified
and confirmed and the City Treasurer
Is hereby authorised. instructed and
directed to deliver said bonds when
properly executed to said Palmer
Bond and Mortgage Company, upon
receipt Of the purchase price therefor.
SECTION 9. In the opinion of the
City Council Of said City. It 10 neces-
sary to the peace, health and safety
Or said City that this ordinance be-
come operative Immediately. so that
the work Of improving and extending
the present water system may proceed
without delay. - 49, y "a
SECTION Z. Now therefore. be It
further ordained that an emergency
is hereby declared and that this ord
nance shall take effect and be in
force upon the day Of its passage.
approval and publication.
Passed by the City Council Of the
city of Pleasant Grove. Utah and
approved this Goth day Of December
1899.
JuNrus A. WEST.
Attest: Mayor
L. 3. ADAMsoN, City Recorder
(SeaD .t..., ~
II was then moved by Councilman
w. w. Am and seconded by Cour-
Gilman Isaac =. Carlson. that sold
ordinance be read three successive
times and placed upon its final pas
sage. Said question upon being put
to vote was unanimously carried
! by the Affirmative vote OF all Coun-
cilmen present, the vote being as toll
lows:
| SvN"Ssus"eA SVnh .. HioiuuWhys
Aye. ~
: Councilman Isaac z. Carlson.
Aye.
Councilman Albert H. Oipin Aye.
Councilman W. W, Linn Aye.
Councilman J. Ed. warburton.
Aye.
Thereupon said ordinance was, read
for three successive times. Councii-
man j. Ed. Wsrburton then moNad
the adoption and passage OF said ord
nance as read, which motion IVES
seconded by Councilman W. W. Lin
and upon being pat to vote was
carried by the Affirmative vote OF all
Counciimen present. thu xote being
as follows:
Councilman John 8. Holloway,
AYE. Il
Councilman .Issac n. Carlson,
Aye. et'' IA.
L