HomeMy WebLinkAbout02 27 1952 Ord. 14STATE OF IDAHO
County of Bannock
ORDINANCE NO. 14
+AN ORDINANCE AUTHORIZING NO-
TICE OF INTENTION AND PRO-
POSAL BY THE CHAIRMAN AND
BOARD OF TRUSTEES OF THE
VILLAGE OF CHUBBUCK, BAN -
NOCK COUNTY, IDAHO, TO IS-
SUE AND SELL NEGOTIABLE
WATERWORKS REVENUE BONDS
OF THE VILLAGE OF CHUB -
BUCK IN THE AMOUNT OF
$70,000.00, BEARING INTEREST AT
NOT TO EXCEED FOUR PER
CENT (4%) PER ANNUM AND HE-
DEEMABLE WITHIN TWENTY
YEARS, BONDS TO BE ON THE
AMORTIZED PLAN, AS PROVID-
ED BY THE MUNICIPAL BOND
LAW OF THE STATE OF IDAHO;
INVITING BIDS FOR THE PUR-
CHASE OF SAID BONDS, AND
PROVIDING THE FORM OF NO-
TICE TO BE GIVEN OF THE IN-
TENTION AND PROPOSAL TO IS-
SUE AND SELL SUCH BONDS;
PROVIDING FOR THE PUBLICA-
TION OF THIS ORDINANCE AND
OF SUCH NOTICE AND PROVID-
ING A TIME OF TAKING EFFECT
OF TRIS ORDINANCE.
BE IT ORDAINED BY THE CHAIR-
MAN AND BOARD OF TRUSTEES
OF THE VILLAGE OF CHUBBUCK,
BANNOCK COUNTY, IDAHO:
Section 1. That pursuant to authority
granted at a Special Bond Election
held in the Village of Chubbuck, Idaho,
on to -wit, August 27, 1951, authorizing
the Village of Chubbuck to issue and
sell $70,000.00 of negotiable water
works revbnue bonds of the Village
at the rate of interest not exceeding
four percentum (4%) per annum for
the acquisition, construction and in-
stallation of a water works system
for the said Village, and pursuant to
Ordinance Number 11 of said Village
providing for the issuance and sale
of said bonds, and the form of bonds
and coupons and other matters relat-
ing thereto, authority is hereby grant-
ed to the Chairman and Board of Trus-
tees of the Village of Chubbuck to
give notice of the intention and pro-
posal of the Board of Trustees of said
Village to Issue and sell the said
bonds, and invite bids for the pur-
chase of said bonds and provide in
such notice the terms and conditions
of the bids therefor, and the time for
filing of such bids, opening of said
bids and action theron by the Board
of Trustees of the Village.
Section 2. Notice of intention and
proposal to sell the said bonds shall
be m form as follows, to -wit:
NOTICE
Of Proposal to Issue and Sell Nego-
tiable Water Works Revenue Bonds of
the Village of Chubbuck in the Amount
of $70,000.00, with Interest Not to Ex-
ceed Four Pereentum Per Annum, Re-
deemable Within Twenty Years on
Amortized Plan to Provide Funds for
the Acquisition, Construction and In-
stallation of a Water Works System,
for the Village of Chubbuck, Bannock
County, Idaho, and Inviting and Re-
questing Bids Therefor.
PUBLIC N O T I C E IS HEREBY
GIVEN, That the Village of Chubbuck,
Bannock County, Idaho, intends to and
proposes to sell negotiable- water
works revenue bonds of said Village
in the amount of $70,000.00, par value,
with interest not exceeding four per -
centum (41/n) per annum; said bond
issue to consist of not more than 190
coupon bonds of denominations of
$500.00 each, or such other denomina-
tions as the Board of Trustees may
authorize after the sale of said bonds;
bonds to be numbered .from one (1)
upwards consecutively, and shall run
for a period of twenty ,years from
date of issue; the first annual amor-
tized principal payment shall mature
arid. be payable at the expiration of
two years from and after date of said
bonds, and the annual principal bond
maturities thereof and the principal
amounts, which will be payable an-
nually, shall be amortized and pay-
able in accordance with the provisions
of the Municipal Bond Law of the
State of Idaho, the principal and in-
terest of said bonds being payable
solely out of and from the revenues
of said water works system of the
Village of Chubbuck, as provided by
Ordinances of the —Irl Vill.— th_
date of making the sale, and the said ) U B L I CAT I O N
re -advertising may take place as often
as may be necessary until said bonds
have been sold.
Section 4, That the above notice is
hereby authorized, ordered and direct-
ed to be given by publication thereof^
in the Idaho State Journal, a news-
paperublished in Pocatello, Bannock j
iCoimt� Idaho, and of general circula-
tion in the Village of Chubbuek, there
being no newspaper published in the
Village of Chubbuck, which newspaper I Edith Berosek
is hereby designated as the official
newspaper for said publication, for at ---------------------------------------------------------------------------------------
least three consecutive publications
therein, at weekly intervals.
Section 5. This Ordinance shall be -__
SWOrn on oath deposes find says: That.___--_...0he----------
in full force and effect from and after
its passage, approval and due publica- s herein mentioned a citizen of the United States of
tion in one issue of the Idaho State
Journal, a newspaper printed and pub-
lished in Pocatello, Bannock county, than 21 years of age, and the Principal Clerk of THE
Idaho, and having a circulation in said
Village, there being nonewspaper pub -
lisped in said Villagee,, said newspaper IOURNAL, a dally newspaper, printed and published at
being hereby designated as the official
newspaper for the Village in which Oek County, Idaho, and having a general circulation
this Ordinance shall be published.
Passed and Approved this 25th day
Of February, 1952,
BOARD OF TRUSTEES OF
THE VILLAGE OF CHuBBUCK
By John R. Valenty - l:ument or notice, a true copy of which is attached, was
Chairman of the Board
ATTEST: SEAL
CHARLOTTE KENNEDY said IDAHO STATE JOURNAL, on the following dates,
Village Clerk
Feb. 27.
------------Ys--b--27-----------, 19-52
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That said paper has been continuously and uninterruptedly pub-
lished 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.
` JC-� - --------------------------
Subscribed and sworn to before me this ----------- ______27t12
- - -----------------
dayof ------------------- Feb ---------------, 11�2 ----
1
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Notary Pub i Vote of Idaho
Residence: Pocatello, Idaho
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