HomeMy WebLinkAbout1952-001 Water Works Revenue BondsAlter discussion thereol, the lollowlng l{esolution was presented:
Resolution.
;VHE~EAS, the Board of Trustees of the Village of Chubbuck, Idaho, gave
notice of its proposal to issue and sell the Negotiable Water l~orks Revenue
Bonds of the Village of Chubbuck in the amount of $70,0OO.00, bearing interest
not to exceed 4% per annum, redeemable in 20 years, on amortized plan, and requested
bids to be filed therefor on March 22, 1952, up to two o'clock p.m., of said day,
the bids to be opened at a Special Meeting of the Board, held on said March 22,
1952, and
I~HEREAS, no bids ~ere filed or received by the Board for said bonds, and
WtERE~KS, the Board is now desirous of re-advertising its notice of proposal
to issue and sell said bonds.
NOt~, T[E~EFOItE, Be it Resolved that the Board of Trustees re-advertise for
bids for the sale of said above-described bonds and call for bids thereon to be
filed with the Village up to July 3, 1952, at the hour of two o'clock p.m., said
bids to be considered by the Board of Trustees and acted upon at a Special Meeting
of the Board in the office of said Village.
Be it Further Resolved, That the Notice of intention to sell said bonds,
now presented to the Board, re-advertising the said bonds for sale, be, and the same
is hereby approved.
Be it Further Resolved, That the said Notice be published three times on
the dates of June 11, 18 and 25, 1952, in the Idaho State Journal, the official
newspaper for publications of the Village, there being no newspaper published in said
Village, and a copy of said Notice be mailed to the State Auditor of the State of
Idaho at Boise, Idaho, at least 15 days prior to July 3, 1952.
Be it Further Resolved, That the Board hold a Special lleeting on July 3,
1952, at two o'clock p.m., for the purpose of receiving and taking whatever action
the Board desires to take on bids filed and the sale of said bonds, as provided in
said notice.
It was moved by Art. Fenwick and seconded by Ernest Frasure that the
foregoing Resolution be adopted.
On roll call the vote was as follows: Fenwick Aye, Frasure Aye, i~ard
Aye and Valenty Aye. Whereupon the Chairman announced that the Resolution was
adopted, and that the Clerk should have the Notice published and cause a copy of
said Notice to be mailed to the State Auditor of the State of Idaho, at least
15 days prior to July 3, 1952.
It was moved by Ernest Frasure and seconded by W. Ward that the meeting be adjourned.
Carried. Meeting adjourned at ten o'clock p.m.
ATTE ST
Clerk