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0013 Water Works Revenue Bonds 1952ORDINANCE N0. 13 AN ORDINANCE AMENDING SUBDIVISION D. OF SECTION 2 OF ORDINANCE NO. 10 OF THE VILLAGE OF CHUBBUCK, BANNOCK COUNTY, IDAHO, RELATING TO THE TENTATIVE SCHEDULE OF THE RETIREMENT AND PAYMENT OF PRINCIPAL AND ' INTEREST OF THE WATER WORKS REVENUE BONDS OF THE VILLAGE OF CHUBBUCK; PROVIDING THE MAXIMUM RATE OF INTEREST FOR SAID BONDS, THE PAYMENT OF PRINCIPAL AND INTEREST THEREON; THE AMORTIZATION OF SAID BONDS TO BE AMORTIZED AND PAYABLE IN ACCORDANCE WITH THE PROVISIONS OF THE MUNICIPAL BOND LAW OF THE STATE OF IDAHO, AND PROVIDING FOR THE PUBLICATION OF AND TIIE OF TAKING EFFECT OF THIS ORDINANCE. BE IT ORDAINED BY THE CHAIRMAN AND BOARD OF TRUSTEES OF THE VILLAGE OF CHUBBUCK, BANNOCK COUNTY, IDAHO: Section 1. That subdivision d ofeeetion 2 of Ordinance No. 10, of the Village of Chubbuck, be, and the same.is hereby amended to read as follows: tad. That said revenue bond issue shall be for $70,000.00, and shall consist of not more than 140 coupon bonds of denomination of $500.00 each, or such other denominations as the Board of Trustees may authorize 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 expiration of two (2) years from and after date of said bonds, and the annual principal bond maturities thereof, and the principal amounts which will be payable annually, 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 'dater Works System, as provided by this ordinance and future ordinances passed and adopted by the said Village of Chubbuck; said 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 evidencing the interest then payable, and shall be payable, both principal 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 be paid by purchasers; said bonds shall be signed by said Village by the Chairman of the Board of Trustees thereof, countersigned by the Village Treasurer, and attested by the Village Clerk with the seal of said Village impressed upon each bond, and the signature of the Treasurer upon the coupons may be either printed or lithographic facsimile of said Official; and consistent with the provisions to be made by subsequent ordinances, said bonds and the interest thereon shall be payable only out of a special water works revenue 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 being 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 S� day of Feb., 1952, ATTEST: BOARD OF TRUSTEES OF THE VILLAGE OF CHUBBUCK V ge Cler