AGENCY: East Layton (Utah). City Commission

SERIES: 84897
TITLE: Municipal revenue bonds
DATES: i 1937-1949.
ARRANGEMENT: Numerical by series number.

DESCRIPTION: The governing body of the municipality levies the assessment based on an ordinance or resolution. These bonds are payable only form funds collected from extensions and improvements on revenue producing facilities such as water and sewer services or public utilities. To obtain a bond bids are received and reviewed. The bonds are sold at a set price and mature within a given time period as they accrue interest. Information includes state, county and city that issues the bond; series number and date; amount of the bond; legal stipulations and rate per annum; and the mayor and city recorder's signatures. The debt must be for projects located in the lawful limits of the city according to law.

RETENTION

DISPOSITION

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

FORMAT MANAGEMENT

Microfilm duplicate: For records beginning in 1937 through 1949. Retain in Office for 40 years and then destroy.

APPRAISAL

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