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HomeMy WebLinkAbout02 27 1952 Ord. 13PROOF OF PUBLICATION STATE OF IDAHO ss County of Bannock ORDINANCE NO. 18 AN ORDINANCE AMENDING SUB- DIVISION D'OF SECTION 2 OF ORDINANCE NO. 10 OF THE VIL- LAGE OF CHUBBUCK, BANNOCK COUNTY, IDAHO, RELATING TO THE TENTATIVE SCHEDULE OF THE RETIREMENT AND PAY- iv1ENT OF PRINCIPAL AND IN- TEREST OF THE WATER WORDS REVENUE BONDS OF THE VIL- LAGE OF CHUBBUCK PROVID- ING THE MAXIMUM RATE OF IN- TEREST FOR SAID BONDS, THE PAYMENT OF PRINCIPAL AND INTEREST THEREON; THE AM- ORTIZATION OF SAID BONDS TO BE AMORTIZED AND PAYABLE IN ACCORDANCE WITH. THE PRO- VISIONS OF THE MUNICIPAL BOND LAW OF THE STATE OF IDAHO, AND PROVIDING FOR THE PUBLICATION OF AND TIME OF TAXING EFFECT OF THIS ORDINANCE. BE IT ORDAINED BY THE CHAIR- MAN AND BOARD OF TRUSTEES OF THE VILLAGE OF CHUBBUCK, BANNOCK COUNTY, IDAHO: Section 1. That subdivision d of sec - lion 2 of Ordinance No. 10, of the Village of Chubbuck, be, and the same is hereby amended to read as follows: "d. That said revenue bond issue shall be for $70,000.00, and shall con- sist of not more than 140 coupon'I bonds of denomination of $500.00 each, or such other denominations as the Board of Trustees may au- thorize after the sale of said bonds, numbered from One (1) upward consecutively, and shall run for a period of twenty (20) years from date of issue, the first annual amortized principal payment shall mature and be payable at the ex- piration of two (2) years from and after date of said bonds, and, the annual principal bond rnatur' ties thereof, and the principal amounts which will be payable an- nually, shall be amortized and payable in accordance with the provisions of the Municipal Bond' Law of the State of Idaho, the principal and interest of said bonds being payable solely out of and from the revenues of said Wa- ter Works System, as provided by this ordinance and future ordi- nances passed and adopted by the said Village of Chubbuck; s a i d bonds shall bear interest at a rate' not exceeding four percentum (4%) per annum, which interest shall be payable semi-annually after date of issue of the bonds, with interest coupons attached evi- dencing the interest then payable, and shall be payable, both princi- pal and interest, at the Office of the Treasurer of the Village of. Chubbuck, or at such bank as may be designated by the purchaser of said bonds at the time of said purchase, and all collection charges by banks so designated are to he paid by purchasers; said bonds shall be signed by said Vil- lage by the Chairman of the Board of Trustees thereof, countersigned by the Village Treasurer, and at- tested by the Village Cleric with the seal of said Villhge impressed upon each bond, and the signature of the Treasurer upon the coupons may be either printed or litho- graphic facsimile of said Official; and consistent with the provisions to be made by subsequent ordi- nances, said bonds and the inter- est thereon shall be payable only out of a special water works rev- enue fund or funds," Section 2. This ordinance shall take effect and be in full force and effect from and after its passage, approval and due publication in one issue of the Idaho State Journal, a newspaper printed and published in Pocatello, Bannock County, Idaho, and having.a circulation in said Village, there be- ing no newspaper published in said . Village, said newspaper being hereby designated as the official newspaper for the Village in which this ordinance shall be published. Passed and Approved this 25th day of Feb., 1952. BOARD OF TRTTgTF..FC nr Edith Berosek •--------------------------------------------------------------------- ------------ being first duly sworn on oath deposes and says: That ---------------- she --___ 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 dates, to -wit: ---------------- -Feh-_27--------- 19 52 --------------------------------------- 19------ -•---------- -----­--------------- 19------ ------- ----1 ---------------19------ ----------------------------------------r 19------ --------------------------- f 19------ -- ---------------------------/ 19 ------ --------------------------------------- 19------ ---•----------I----------------------- 19 ------ ---------------------------- 19 ------ That9 ------ 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. 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