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Show hrTED, STATE-S, OF" AMERICA.' O ‘ . SW66 of Utah ‘ ' . .. . ,‘ LQI‘EIVEP‘SEY OF UTAH BUIIDING CONSTRUCTION BOND f , "' v The UhiverSity of Utah, a body politic and corporate of fl'i"5‘the State of Utah, for value rec eiveda-bereb? promises to pay' ‘out of its annual collection of Building Constructioanees as a first charge thereon, and, if said reVenues are insufficient, " 'then from the annual'income of the Unitersity of Utah'land grant‘ funds held and invested by the State of Utah under Article x, uSection 5 of the ConstitutiOn of the State of Utah, to the bearb er, at the office of the TREASURER of the UNIVERSITY'of UTAH, in. ‘salt Lake City, County of Salt Lake, State of Utah, on the first , the sum of 9 19‘ l:hq:‘ day of ONE mousmm DOLLARS ' ' lawful.money of the United States, with interest at.the rate of _ ‘ percent per-annum from date until paid, payable at the office "of said‘TREASURER eemiwannually, on the first day of-July and the‘ first day of January in each year on presentation and surrender Of‘ the interest coupons hereto attachedr' ' " . - . The Board of RegentS'of the University of Utah is~auth0rized to require the payment of fees for building construction Whenever , ' in its Judgment the 116863qu the institution require" it by Utah Code Annotated, l9h3, 75-2~5. 'Pursuant to‘whioh, by resolution . adopted on Jaly 1h, 1939. and still in force, the Board required hovery student, with certain.exoeptiona, to pay a building construe: tion-fee of $3.00 per quarter for the'autumn,;w1nter.and spring quarters and $1.00 for the summer seesion.= Such fees'shall.not b6" _ abrogated or diminished during the life of this obligation;' , j None of the excess annual income from either source'need be ‘ , 4" 1 - ; accumulated from year to year.~, This bond is one of a series of 200 bonds of like amount, numbered consecutively from 1 to 200; bonds numbered from 1;to 10‘ becoming due July 1, 19h75 from 11 to 25 on July 1: 19h8z-from«26 to 2.5 on July 1, 191.9; from 46 to .65 on July .111959rfrom 66:0 O ‘95 on July 1, 1951,: from 96 190-125 OWN 1, 1952-51-3" O11‘26 $9 155' on July 1, 3.953; from 156 to 185 on July 1. 19516." fmm' 136‘ t to 200 on January 1, 1955s and is issued by the UNIVERSITY of UTAH for the purpose of securing funds for the construction of e NAVAL SCIENCE BUILDING under and by virtue of,-and in full conformity‘ with, and in pursuance to, the general powere of the BOARD OF REGENTS ‘ drone UNIVERSITY of UTAH, and it is hereby _-oert1f1ed that 1 an re» quirements of law have-been fully complied W3§b by the proper °f‘ in issuing this bond, and that the monieo to be collected tigers ‘by it from the special sources hereinbefore stated are hereby ir- never revocably pledged to pay the.same. .Thisvbond idfngt,.and of UTAH or shall be .a general obligation ofoeither the ummmrrx "‘of>the STATE of UTAH. Any or all bonds numbered one to two hundred d‘may be redeemed at $101.00 in reverse order on July 1; 19h6,-or on IR'V" 3 any interact date thereafter at the option of the University. |
