| OCR Text |
Show 85. The tailoring reealution providing for the exchange illftmahmldeho Sugar Comp-any 6% first mortgage serial gold bonds m 53% first: mortgage 15 year sinking funfl bonds»: of the same fieapany wee presentee he the Board, and on motion of Regent Chrifi‘benaen, was adopted: 1 5 Whereas, the Univereity of Utah Jaseph. Hyde Merrill Lean F3335 is 11015 111g we 6% Firet Mortgage Serial Gem fiend the mm 1, 1940., and the fiery P. Carlene Fund is holding three 6% first fiertgege Serial Gold Bends flue Karen 1, 19:58 of the UtahTeena Sugar Campeny, ana ' Whereas, pursuant ta the previeions of the FIEST WRTGeGE ARE new OF TRUST executed by Uteha-Ifleho Sugar Company m Eelleii'ergg Bank and Unicm Trust Cempeny and Central Tmet seamen}? mew ié'ir-et Seewflty i‘quet 00.), Trustees, dated Hie-rd, 7 "1935 all. the first fiartgege 6% Serial Gala Bonds of Uteh~Idah0 gage: Cempeny new oetekinding have been eelled for redempeien he trek: 1:. 1936 at 102% of the principal amount of each. bone ' m meme interest in the date of reaeeption, am Thames; The First. Mex-wage 6% Serial Gold Bonds of "the Bteheidaho Sagan Comment; may be exchanged for a new issue . '51! Mega! 5% First Mortgage Staking Fume Bonnie in the same ‘many 55 par with a cash remittance of the 2% difference been 4 m ‘Em par value of the new bonds at 100 and the cell price M m 'mtetenfling bonds maturing sub-sequent to Maren l, 1936, :H Therefore, be'it'res'olved that the Treasurer of the . Mum-it? at Utah be and he hereby is empower-ea and directed ‘m'plean the four fined-thousand dollar 6% Eiret Mortgage Serial ‘ field We and the amached coupons cf the Meir-Idaho Sugar Mam? with the Telle Fargo Bank 8c Union Trust Company 51? San rim-51559.51! the Utah Sevinge & True 3; Company 0f Salt. Lake "City '_ 5m, Errata-es, in exchange for Four onemthousend Dollar 5% Fit-"fit Eartgege Ten Year Sinking Fund Bonds, and to accept in, Mfllmmt a Geek remittance ef the 2% difference between the .4353: value of the new bende at 100 and the cell price of the J‘Wmderea bonds. 01: motion 01' Regent- Hinckley, eeeonded ' by Regent .GEMatmeea, the following resolution was edoyted by the fioerfi: ,. " . Be 1"; resolved that the Assistant Secretary ef the 353mm: Regen", Clyde R. 311311612211, be and he hereby is anther-u m‘md'empowerea m 5135 all. cheeke drawn against he various W43 61‘ the; Quiver-81%? in the abeence 0f the Secretary. |
