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Show mey"he'expen The annual inc one~ from the land ' ‘ ‘need not be dedn accumulated" grant , ‘ Both Primipal and interest of all bonds numbered 66 to 200 ‘ x‘: I? w$;"§iveg~flhall be paid out of the annual collection of Building , .,w§s§§trnction Fees aspa first charge thereon, and, if said revenues ‘ % t a";? §?§;i§suffi¢lent, then from the annual income of the University of fl -wpfi h inn? grant funds held and invested by the State of Utah under *3ti9}e*3' 599‘1°"-5‘°f the Constitution of the State of Utah; ‘ fig"? 05 said.annual in¢0me'or'revenues need be accumulated from t gear ?9 year ‘0 meet Payments to become due in future yearsg The ‘.;a9npalpifl°0me,from the Building Construction Fees and from the @39¢"G?&nt.Funds aforesaid are hereby irrevocably pledged to the .Spaymfiflt‘of principal and interest hereinhefore specifisdt‘ In:no uiéténtishall the general‘faith, credit, or researces, other than as _§ herein PmVi9ed, 01? the University of Utah, or of the State of Utah, igfiwvlgbyjpleflged, IHVOlyed or made liable for the payment of all or-eny" 7 4} a ‘ 1h :ggijparP'QI the printipal-or interest of said bonds SOitO‘be isSued,' ‘ [:4inffifiwanpwmmsmtmsmemfllmmmemflheMdeyfim ";$fl§‘$h9 special funds afOrementionedg and said bonds-shall never be, ~ V55Ei§§r~beoone, a general obligation of the University of Utah, or.of 1*j43the State of Utah. _Any-or all bonds numbered 1 to 200.may be : H'-\3.1:é¢.'-2'Vc.'l.eemedat.".,;‘)3.0.]...00 in reverse order on July 1, 19A6, or on any *: 'fgnterest date thereafter at the-option of the University. Notice ‘ 'Tf"fo£‘fiuch'redemption shall be published once a day for five succe8~ ‘"A ‘ffiiifle days in a newspaper published and having a general circulatiOHam . in Salt Lake City, Utah, the first publication thereof being at.[ £41533; 14 days prior to the time fixed for redemption; I Said bonds and each of them shall be signed by the Chair~ \y~{5.mf ‘_-man-of the Board of Regents of the University of Utah, and attested-U 77 '" fig the Secretary of said Board, and sealed with the seal of the' ¢~Q University, and the interest coupons attached to said bonds shall ‘ "TV"heer the facsimile signature of the Secretary of the Board. _The "cheirman of the Board is hereby empowered and direéted to sign, e a' "'5. 0 w; fend'the Secretary of said Board to sign ind attest and to fix the $931;," ' ‘ of said University to each or shid'bonds, and the acts of said ii;'=Chairman and Secretary in so doing are and shall be the not and E'deed of the University of Utah. All-covenants, statements and V', representations and agreements contained in said bonds and soupons ‘ ‘and all recitals and representations of this resolution hereby are ‘ I‘.considered and understood and it is hereby ordered and declared and pro- "Tulithat said covenants and promises therein are the covenants ' VniSes of the UniverSity of Utah, and that the representations and ' " atatements therein are the representations of the_University. Be it further RESOLVED that the Chairman a‘nd.Seoretary \ . and of the Board be, and they hereby are, authorized, empowered n, retse Ray, directed‘to procure the opinion of the firm of Ingebissue , and Rawlins and Christensen as to the legality of said In Gibbs, :submit the same to Barons Kindred and Company ~ Lauren s from Baron and upon the TREASURER of the UNIVERSITY receiving |
