HomeMy Public PortalAbout1963.07.10 Regular Meeting Minutes IMcCall, Idaho
July 10 1963
The Board of Trustees of the Village of McCall, Valley
tion of the regular meeting held July 1, 1963,
County, Idaho, met in a continua-/ session at the regular meeting
place of the board in the Village Hall in the Village of McCall
at 4:15 o'clock P M. on July 10 1963. The roll was
called and the following found to be present:
Arthur M. Roberts, Chairman
Raymond Mason ' Trustee
Bob H. Fogg , Trustee
Trustee
Trustee
Absent:
Dale Fortin
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Allen Blair
There was also present William A. Kirk, Village Clerk.
After the meeting had been duly called to order and the
minutes of the preceding meeting read and approved, the Chairman
announced that one of the purposes of the meeting was to be the
canvass of the returns of the special bond election held in the
Village on July 9, 1963, pursuant to the provisions of Ordinance
Number 233 adopted by the Board of Trustees on June 3, 1963. The
Clerk then presented to the board the returns of the election from
the voting place, the ballots cast at the election and all other
pertinent data. The Board of Trustees thereupon proceeded to
canvass the results of said election and to incorporate its
findings and determination into the form of the following resolu-
tion, which wasintroduced in written form by Fogg ,
was read in full, and pursuant to motion made by Fogg
and seconded by Mason , was adopted by the .following
vote:
Aye: Roberts
Mason
Fogg
Nay: None.
The resolution was thereupon signed by the Chairman,
attested by the Village Clerk, was ordered recorded, and is as
follows:
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A RESOLUTION canvassing the results j
of an election held in the Village of
McCall on July 9, 1963, on the author-
ization of $70,000 Bonds of said
Village and determining the results of
said election. '
WHEREAS on June 3, 1963, the Board of Trustees of the
Village of McCall adopted Ordinance Number 233 calling an election
to be held in said Village on July 9,, 1963> for the purpose of
submitting to the qualified electors of the Village the proposition
hereinafter set out; and
WHEREAS said election has been duly held pursuant to thel
provisions of said ordinance and to the provisions of the
Constitution and Laws of Idaho, and the results thereof have been
canvassed by the Board of Trustees, and a complete investigation
has been made by the board as to the manner in which said election
was held and as to the regularity thereof;
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NOW, THEREFORE, Be It Resolved by the Chairman and Board
of Trustees of the Village of McCall, Valley County, Idaho, as
follows:
Section 1 . That a special election was held in the
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Village of McCall on July 9, 1963, at which election there was
submitted to the qualified electors of said Village the following
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proposition:
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QUESTION: Shall the Village of McCall,
a o, issue and sell its negotiable 1
coupon bonds to the amount of $70,000,
for the purpose of providing funds with
which to improve and extend the water
system in and for said Village, as more
fully provided in Ordinance Number 233, i
adopted on June 3, 1963?
Section 2. That notice of the calling of said election
was duly and legally given by the publication of an appropriate
notice in the Payette Lakes Star, a newspaper having general
circulation in the Village of McCall, on the following days:
June 6, June 13_, June 20, June 27 and July 3_ , 1963,
such notice constituting publication at least once a week for not
less than thirty (30) days prior to the date fixed for said
election, and by the posting of said notice in three (3) public
places in said Village, one of which was the voting place used at
said election, for not less than thirty (30) days prior to said
election. That the posting and publication of the notice of
election in the manner aforesaid is hereby in all respects ratified
and confirmed and it is hereby found, determined and declared that
such posting and publication of such notice on the above described
dates adequately gave notice of the holding of the election to
all qualified electors of the Village desiring to vote upon the
proposition as submitted.
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Section 3. That the polls at said election were opened
at 9:00 o 'clock A.M. and remained open continuously until and
closed at the hour of 7:00 o 'clock P.M., at the voting place
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specified in Section 6 hereof.
Section 4. . That only persons who were on said July 9,
1963, qualified electors of the Village of McCall properly
registered and possessing the qualifications of residents and who 4
were taxpayers were permitted to vote at said election, and that
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no qualified elector who was then a taxpayer was refused the right
to vote at said election.
Section 5. That the ballot used at said election wasin
the form prescribed by law and by said Ordinance Number 233.
Section 6. That the results of said election were, and
are hereby formally found and determined to be as follows:
Number of Votes Number of Votes
Polling Place in Favor Against
Village Hall 74 6
Section 7. That it is therefore found, determined and
declared that said proposition was carried by a majority of more
than two-thirds of the qualified electors who were taxpayers
voting at the election, that said election was in all things held
and conducted in strict compliance with law, and that the Board of
Trustees is authorized to proceed with the authorization, sale and
issuance of the bonds specified, in said-proposition.
Adopted and approved July 10 ,
Chairman
Att t•
Village Clerk
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Thereupon the following resolution was introduced in
written form by Mason , was read and duly discussed, i
and pursuant to motion made by Mason and J,
seconded by Fogg , was adopted by the following
vote:
Aye: Roberts
Mason
Fogg
Nay: None.
The resolution was thereupon signed by the Chairman, was
attested by the Village Clerk, was ordered recorded, and is as
follows:
A RESOLUTION providing for the sale
of 70,000 Water Bonds of the Village
of McCall.
BE IT RESOLVED by the Chairman and Board of Trustees of
the Village of McCall, Valley County, Idaho, as follows:
Section 1 . That sealed bids for the purchase of the
ponds of the Village of McCall described in the following notice
of sale, shall be received up to 8:00 o 'clock P M. on
August 7 , 1963, and shall be considered at a meeting
of the Board of Trustees to be held in the Village Hall in the
Village of McCall at said time.
Section 2. That the Village Clerk is hereby instructed
to have published in the Payette Lakes Star, the official news-
paper of the Village, for three consecutive publications at
weekly intervals, with the first of such publications to be not
less than twenty-one days prior to the date of sale, a notice in
substantially the following form:
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NOTICE OF INTENTION TO SELL
THE GENERAL OBLIGATION COUPON BONDS i
OF THE VILLAGE OF McCALL, VALLEY COUNTY, IDAHO,
IN THE SUM OF $70,000 AND REQUEST FOR BIDS THEREFOR.
NOTICE IS HEREBY GIVEN by the Board of Trustees of the
Village of McCall, Valley County, Idaho, that said Village intends
to issue and sell $70,000 negotiable coupon water bonds of said
Village.
Sealed bids will be received by the Village Clerk at the
Village Hall in the Village of McCall for the purchase of said
bonds up to 8:00 o'clock P M. on August , 1963,
said bids to be filed with the said Village Clerk. At the hour
of 8=15 o'clock P M. on said day said bids will be opened by
the Board of Trustees at the regular meeting place of said board
in said Village Hall. The Board of Trustees will sell such bonds
to the highest bidder making the best bid therefor, which bid will
be considered to be that of a responsible bidder submitting the
bid which results in the lowest net interest cost to the Village.
Said bonds will be dated September 1, 1963, and will be
due and payable on an amortized plan as provided by the Municipal
Bond Law of Idaho. The first annual principal payment shall be
payable at the expiration of two years from date of issue and the
last annual principal payment- shall be payable twenty years from
the date of issue. Said bonds will bear interest at a rate or
rates not exceeding 6% per annum, payable March 1, 196+ and semi-
annually thereafter and will be payable at The Idaho First
National Bank., McCall , Idaho.
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Sealed bids shall be submitted specifying (a) the
lowest rate of interest and premium, if any, above par at which
the bidder will purchase such bonds, or (b) the lowest rate of
interest at which the bidder will purchase such bonds at par and
accrued interest to the date of delivery. None of said bonds will
be sold for less than par and accrued interest to the date of
delivery.
Each bid (except any bid which may be received from the
State of Idaho or its Department of Public Investment) must be
accompanied by a cashier's or certified check payable to the
Village Treasurer of the Village of McCall in an amount equaling
5% of the amount of such bid or by a cash deposit in like amount,
which said cashier's check or certified check or cash deposit
shall be returned to such bidder if his bid is not accepted. If
the successful bidder shall fail, neglect or refuse to accept the
bonds so sold and to complete and pay therefor in accordance with
the terms of such successful bid within thirty (30) days following
the acceptance thereof, such cashier's check or certified check or
cash deposit shall be forfeited to said Village of McCall. The
right is reserved to reject any and all bids, to waive all
informalities and to readvertise any such bonds for sale until
said bonds have been sold.
The unqualified approving opinion of Chapman and Cutler
covering the legality of the bonds will be furnished without cost
to the purchasers. There will also be furnished the usual closing
certificates, dated as of the date of delivery of and payment for
the bonds, including a statement that there is no litigation
pending or, to the knowledge of the signer thereof, threatened,
affecting the validity of the bonds.
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The purchasers will be given at least seven business i
days advance notice of the proposed date of the delivery of the
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bonds when that date has been tentatively determined. It is now
estimated that the bonds will be delivered on or about
September 1, 1963.
The bonds may bear interest at any number of rates in
multiples of one-eighth or one-twentieth of 1% and all bonds of
the same maturity shall bear the same rate or rates of interest.
Only one coupon will be attached to each bond for each installment
of interest thereon.
Award or rejection of bids will be made on the date
above stated for receipt of bids and the checks of the
unsuccessful bidders will be returned immediately.
BY ORDER OF the Board of Trustees of the Village of
McCall, Idaho. �---
G- -
a rman, Poard o V-320tees
Attest:
Clerk, oar of Trustees
Section 3. That the Village Clerk is hereby instructed
to mail a copy of the foregoing notice to the State Auditor, at
Boise, Idaho, at least fifteen days prior to the time fixed for
the sale of the bonds.
Adopted and approved July
Chairman
Att
Village Clerk
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(Other business not pertinent to the above appears in
the minutes -of the meeting. )
Pursuant to motion duly made and carried, the meeting
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was adjourned. "
airman
Attest:
Village C erk
STATE OF IDAHO
COUNTY OF VALLEY
I. William A. Kirk, do hereby certify that I am the duly
qualified and acting Clerk of the Village of McCall, Valley County,
Idaho.
I further certify that the above and foregoing
constitutes a true and correct copy of the minutes of a meeting
of the Board of Trustees of said Village held on the 10th day
of July , 1963, and of a resolution adopted at
said meeting, as said minutes and resolution are officially of
record in my possession.
IN WITNESS WHEREOF, I have hereunto subscribed my
official signature and impressed hereon the seal of said Village
this 10th day of July 1963•
Q
Village Clerk,,/
(SEAL)
PHH:rag
7/$/63
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