HomeMy WebLinkAbout0053 Annual Appropriation 1960ORDINANCE NO. 53
AN ORDINANCE OF THE VILLAGE OF CHUBBUCK, BANNOCK COUNTY,
IDAHO, APPROPRIATING THE SEVERAL SUMS OF MONEY DEEMED NECESSARY
AND SUFFICIENT TO DEFRAY ALL EXPENSES AND LIABILITIES OF THE
VILLAGE OF CHUBBUCK, FOR THE FISCAL YEAR BEGINNING ON THE FIRST
DAY OF MAY, 1960s AND ENDING ON THE FIRST DAY OF MAY, 1961, AND
DESIGNATING THE DIFFERENT FUNDS TO WHICH THE REVENUES RECEIVED
DURING SAID FISCAL YEAR SHALL BE CREDITED AND FROM WHICH EXPENSES
SHALL BE DRAWN AND PAID, AND KNOWN AS "THE ANNUAL APPROPRIATION
ORDINANCE OF 1960%
BE IT ORDAINED By the Chairman and the Board of Trustees of
the Village of Chubbuck, Bannock County, Idaho:
Section 1: That the following named funds are hereby
designated as the proper funds into which all revenue accruing
to the Village of Chubbuck from all sources shall be paid during
the fiscal year beginning on the lst day of May, 1960, and ending
on the 1st day of May, 1961:
General Fund
Revenue Bond Interest Fund
Revenue Bond Sinking Fund
General Bond Interest Fund
General Bond Sinking Fund.
Section 2: That the following sums of money are hereby
appropriated from the general fund for the payment of all
general expenses of the Village of Chubbuck during the
aforesaid fiscal year:
For maintenance of Village streets 20000.00
For street lighting 12200.00
For salaries and wages, including salaries of
Police Officer,Water Superintendent,Village
C1erk,Village Attorney,and other salaries $ 8,400.00
For operation and maintenance of Village
waterworks system,including extensions thereto $18,780.00
For Village Fire Dept. $ 600.00
For all other miscellaneous & contingent
purposes $ 13,141• �5
Total •..+...♦• •.. +•t.••o....- •oo....•oo....s• 0121.25
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Section 3: For the purpose of the payment of the interest
accruing and payment of the principal falling due on the
Waterworks System Revenue Bonds of 19510 during the aforesaid
fiscal year, there is hereby appropriated out of the income
from water rentals, the following sums for the following
purposes:
For the payment of interest-on said bonds 2,020000
For the payment on the principal of said
bonds $ 3,000,00
All revenue accruing from the operation of the municipal
waterworks system, in excess of the money required for
payments on the revenue bonds, shall accrue to the General
Fund, and be used for general purposes as appropriated and
set out in Section 2 of this Ordinance,
Section 4: For the purpose of meeting all other liabilities
of the Village of Chubbuck for the aforesaid fiscal year, all
money accruing to the General Bond sinking fund and interest
fund, or so much thereof as may be necessary, is hereby
appropriated from said funds to be used for the following
purposes:
For the payment of interest on the General
Obligation Waterworks Bonds of 1957 $ 19248,75
For the payment on the principal of the
General Obligation Waterworks Bonds of 1957 $ 1,500.00
Section 5: That all ordinances, resolutions, or parts thereof,
in conflict herewith, are hereby expressly repealed, and that this
ordinance shall be in full force and effect from and after its
passage, approval, and publication, as required by law and shall
be known as the "Annual Appropriation Bill of 1960"
Passed and approved this _L_tAday of May, 1960.
6.i
Ta�rr �SS. Davis
Attest: Ch Chairman, Board of Trustees.
v
Genera ', Lr
�b. Valente_
Village Clerk
(Village Seal)