HomeMy Public PortalAboutRES-CC-1947-53RESOLUTION NO. 53
The following resolution was duly offered by Council-
man J. E. Kerby and seconded by Councilman Wayne R. McConkie,
and upon being put to a vote was unanimously adopted:
WHEREAS, it appearing to the City Council of the City of
tioab, Grand county, Utah, that for the purpose of retiring water-
works and sewer bonds and paying interest thereon that the sum
of One thousand five hundred dollars is necessary.
NOW, THEREFORE, be it resolved, and it is hereby ordered
by the City Council of the City of Moab, Utah, that for the
purpose of retiring waterworks and sewer bonds and paying inter-
est thereon that the City Council of said city borrow for and on
behalf of said City from The First National Bank of Moab, at Moab,
Utah, the sum of '$1500.00, said sum to be payable on or before
January 1, 1948, and to draw interest at the rate of six per
cent per annum from date.
IT FURTHER ORDERED by said City Council that Mayor
D. E. Baldwin, of said City, for and on behalf of said City, exe-
cute and deliver to the said Bank the negotiable promissory note of
said City in and for the sum of One thousand five hundred dollars,
($1500.00), to be dated August 8, 1947, due and payable on or
before January 1, 1948, and to bear interest at the rate of six
per cent per annum from date.
State of Utah, )
County of Grand. )
ss
I, Mitchell Melich, the duly elected, qualified and
acting Recorder of the City. of Moab, Utah, do hereby certify
and declare that the above and foregoing is a full, true and
correct copy of a resolution passed and adopted at a regular
meeting of the City Council of said City on August 5, 1947.
Rec rder
( SFAL )
1500.00 August a, 1947
On or before January 1, 194a, the City of Moab, in
Grand county, Utah, for value received, promises to pay to The
First lational Bank of Moab, or order, the sump of One thousand
five hundred dollars (01500.00), at The First National Bank of
iv.oab, in Moab, Utah, with interest at the rate of six (6) per
cent per annum from date hereof until paid.
Said City further agrees to pay a reasonable attorney's
fee in case suit shall be broup.ht on this note, said fee to be
taxed as a part of the cost in the suit.
This note is issued by the City Council of Moab, Utah,
in conformity to a resolution of said Council passed and adopted
on the 5th day of August, 1947, and under authority conferred upon
said Council by the provisions of Section 15-8-6, Utah Code Annota-
ted, 1943.
By
ATTEST :.
--
Recorder
State of Utah, )
ss
County of Grand. )
CITY OF MOAB
a-t GaGct77k?
Mayor
I, Mitchell Melich, the duly appointed, qualified and
acting Recorder of the City of I4ioab, Utah, do hereby certify that
the foregoing promissory note is within the lawful debt limit of said
City and is issued according to law.
Dated August 8, 1947.
1-J-3 91