HomeMy WebLinkAbout04 17 1995 Ord. 434Ole
STATE OF IDAHO
County of Bannock
CITY OF
CHUBBUCK IDAHO
ORDINANCE NO. 434
AN ORDINANCE AU-
THORIZING THE IS-
SUANCE, SALE AND
DELIVERY OF THE
CITY OF CHUBBUCK,
IDAHO, CERTIFICATES
ON PARTICIPATION,
AND AUTHORIZING
EXECUTION AND DE-
LIVERY ON AN IN-
STALLMENT PUR-
CHASE AND TRUST
AGREEMENT, AN ES-
CROW AGREEMENT,
A CERTIFICATE PUR-
CHASE CONTRACT,
AND AN OFFICIAL
STATEMENT, MAKING
FINDINGS IN CONNEC-
TION THEREWITH; AU-
THORIZING THE EXE-
CUTION OF AND AP-
PROVING RELATED
DOCUMENTS, AGREE-
MENTS AND ACTIONS;
PROVIDING FOR THE
WAIVER OF READING
OF THIS ORDINANCE
ON THREE SEPARATE
OCCASIONS AND
PROVIDING FOR THE
PUBLICATION OF THIS
ORDINANCE AND AN
EFFECTIVE DATE.
$1,500,000
THE CITY OF CHUB -
BUCK, IDAHO WATER
REVENUE CERTIFI-
CATES OF PARTICIPA-
TION, SERIES 1995 IN
RIGHTS TO RECEIVE
REVENUE PURSUANT
TO AN INSTALLMENT
PURCHASE AND
TRUST AGREEMENT
WITH FIRST SECURITY
BANK OF IDAHO, N.A.
AS TRUSTEE
Whereas, the City has
determined that it is
necessary to finance
the replacement of the
City's water system wells
and related source facil-
ities and related items
(the "Project Facilities"),
which have failed to
meet applicable health
and safety or other pub-
lic welfare standards.
The City has been ad-
vised by counsel that
there has been a judi-
cial confirmation that
the City's expenditures
for the Project Facilities
constitute "ordinary and
necessary expenses"
under Article VI II, Sec-
tion 3 of the Idaho Con-
stitution; and
WHFRFAS. in order tq
p chaser of the Certify-
_
LORI A SEKOT
being first duly sworn on oath deposes and says: Thatshe
was at all times herein mentioned a citizen of the United States of
America, more than 21 years of age, and the Principal Clerk of THE
IDAHO STATE JOURNAL., a daily newspaper, printed and published at
Pocatello, Bannock County, Idaho, and having a general circulation
therein.
That the document or notice, a true copy of which is attached, was
published in the said IDAHO STATE JOURNAL, on the following date$,
to -wit:
APRIL 17
19 95
19-
19-
19-
19—
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191919
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That said paper has been continuously and uninterruptedly published
in said County for a period of seventy-eight weeks prior to the publication
of said notice or advertisement and is a newspaper within the meaning of
the laws of Idaho.
STATE OF IDAHO
COUNTY OF Bannock
On this 17Tf1 day of APR1L in the year of 1925,
before me, a Notary Public, personally appeared
LORI A SEKOT , known or identified to me
to be the person whose name subscribed to the within instrument, and
being by me first duly sworn, declared that the statements therein are
true, and acknowledged to me that he -executed the same.
iary Public for Idaho
Residing a PocATELLO
My commission expires: TUT,Y 1 997