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HomeMy WebLinkAbout10 24 1978 Ord. 193RE CJEVED V 9 2 6 11 w PROVF OF PUBLICALON STATE OF IDAHO 55.. County of Bannock - - - ----------------------------------------- LEG ALADVERTISEMENT LEGAL ADVERTISEMENT worn on oath deposes and says: That__ ------ mince No. 192, confirming an assessment roll for said District; herein mentioned a citizen of the United States of and fixing the total costs of the improvements and allowable expenses in the sum of $98,5DO.00, and thereafter filed notice of han 21 years of age, and the Principal Clerlc of THE adoption of said Ordinance, description of the area of the Dis- trict and the assessments levied against the parcels.within said OURNAL a daily newspaper, printed and published at District with the Bannock County Recorder; and WHEREAS, notice was duly given to the property owners that they might pay their assessments in full at any time during the)Ck County, Idaho, and having a general circulation period of September 5, 1978 up to and including the 6th day -of October, 1978, but in response to such notice no payments were received; and WHEREAS, the City Council has found that the costs and ex. ument or notice, a true copy of which is attached, was penses of the improvements made in said Local Improvement district shall be provided for and paid in insta$)ments instead of said IDAHO STATE JOURNAL on the following dates levying the entire tax of special assessments for such costs alsaid g , one time; and WHEREAS, having given due notice of bond sale and having accepted a proper bid, the City Council desires to issue in the name of the city improvement bonds of the Said District, in the full amount of $98,500.00, to bear the date of December 1, 1978, -*7 payable in ten (10) installments, to pay the costs and expenses / {„y of said improvements not already paid by property owners of -- 111 --, 9- - , 9 - said District and the City. The amount now unpaid is $99,- 500.00. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR -- ----- - --, %------ , AND COUNCIL OF THE CITY OF CHUBBUCK, IDAHO: - SECTION 1. Conformation. All prior proceedings and actions taken and done in connectin with the establishment of Local------------- 19 ------ ._____--__._______•________-----____-__, 19 ------ Improvement District No. 1 in the City of Chubbuck, Idaho, in- cluding (without limitation) the apportionment of the costs of improvements against parcels of land in said District, are here 19 9 by in all respects fully approved, ratified and confirmed. SECTION 2. lnstatfine0t Payments. The costs and expenses of said improvements chargeable to the parcels of land: within said District, shall be paid in ten (lo) annual installments, as pro- 9 9 vided by law in each of the years 1979 to 1988 inclusive. SECTION S. Issuance of Bonds. There are issued, • in the name er has been continuous) and uninterru ted) ub- of the City of Chubbuck, improvement bonds of. said Local Rm p y p y p provemenr District No. 1, in the principal sum of $98,500.00, which bonds shall bear date of the 1st day of December, 1978, Anty for a period of seventy-eight weeks prior to the and shall uniformly bear interest at the rata' of °5.95 per cen tum, per annum, payable annually on the lsl day m- July in d notice or advertisement and is a newspaper within each year. Said interest shalt be evidenced by coupons attached to said bonds, and both principal and interest on said bonds?sworn of Idaho. shall be payable at the City Treasurer of the City o1 Chubbuck, or at the )daho Bank and'Trust Co., Chubbuck, Idaho, at the option of the holder of said bonds. Said bonds shall be signed by the Mayor and countersigned and attested by the City Clerk. --------------------------- ------------------------------------- Treasurer. Each bond shall have the seal of the City affixed thereto; and the coupons attached to each bond, as evidence of nn the interest accuring thereon, shall in lieu of being signed haveto b fore me this ---------- 75- _ _ ----------------- printed _-- _---_-__printed thereon the fats -smile signatures of said officers. said bonds shalt be numbered from one (1) upward consecutively. $8,5W.00 of the amount of the aggregate of said bond issue__----_-. 9.% shall mature on July 1, 1978; and $10,000.DO shall mature the same date in each of not more than nine (9) succeeding years. Said bonds shalt be subject to cat) and payment as provided in Chapter 17, Title 50, Idaho Code. The first of said bonds shall . be in the denominalion of $8,500.00 and the remaining bonds -- -- - r -------------------------------- shall be in denominations of $10,000:00 each as so determined by the City Council. Notary Public, State of Idaho SECTION 4. Contents Of Bonds and Coupons. Said bonds and coupons thereto .attached, shall, with the exception of number, Residence: principal sum and maturity date, be in the following form. (FORM OF BOND) U WTED STATES OF AMERICA STATE OF IDAHO Cl TY OF CHUBBUCK Local Improvement District NO. 1 December 1, 1978, Issue $98,500.00 Aggregate No. 1 Principal Sum $8,500.00 The City of Chubbuck, in the County of Bannock, State of Ida he, for value received, hereby promises 10 pay to the bearer $8,500.00, in lawful money of the United States of America on the 1st day of July, 1979, A.D., subject, however, to call and payment as provided in Chapter 17, Title 50, of the Idaho Code, on the presentation and surrender of this bond, together with interest thereon at the rate of 5.95% per annum payable an- nually mnually on the 1st day of July in each Year, upon the presenta- tion and surrender of the proper coupons, thereto attached, both principal and interest being payable at the office of the city Treasurer in Chubbuck, Idaho, or at the Idaho Bank and Trust Co., Chubbuck, Idaho, at the option of the holder of said bonds, This bond is one of a series of bonds Of like date and tenor issued in full conformity with the constitution and the laws ur Pocatello, Idaho