HomeMy Public PortalAboutOrd. 18 - Issuance, Execution & Sale of Coupon Bonds1
No,
TH
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An ordinance authorizing and directing the i ssuancc, cxeout ton
J a t
(tie .4a •, SIS :A fl AL s b i ,-. r. o u•sem - rr b •. .. ... e 1 9' -1 •1 . -.. .i of McCall,
,
Ida Zo n the aggregate and principal ai 6,noun:t 01 4ty(.r , O0O . QQ ;
print'3c.i. i bi};.g the form of such it onuo a li. the iiit anrLA 3O p n5
to be t tt'ch'-"c1 the reto prcviuing the levy and collection
of an annual tax sufficient to p: the interest upon J\ l`{ bond3
a3 it ncruEulitte
ti 1/40
prov1 1 t..g a uinhi ug fund for the redemption
thereat at naturety 3ubmit t t iig the 11“ 1 Limn iii 3,0 Mang A uoh
1)011‘ ss t
e oualified electors tors of own village; t,ntL de3
newspaper for the publication of the election and bond
notices and preauribing other details incident thereto.
moue
na ,t 1 C 1/4:;)
The 4r ti! : ).rd of T r F l t r,u.+' V s of e Village of c t%a l l , bel g in lawful
session on the 13th ,gay of July 1915, and th rtmpon,It appe
to �+s r� 'yam f�. , 4 , -� +.i+ is . .'�� a } s i'+'E.tt `j+ `r'S
e!c_�i board,th a1! ziaiu V1] �. t�" . in nocc o :..1, wa1�er v0e erica ►3y t �.
6 -fro ar i
village
;J r
•i r �. ae
to
? 'fit '- ecd ad Y i s ab l E :Ina be3t interest i
. s ue . r , 000.00 , ¢north of the uuni c tp al coupon bonds
for the purpose of ac qui rlT , 'by purcha3e 01
cl
Ater supply there or.
t e r'or lzu
Therefore ort , ;o it )rcIainaa by the :illasrr tan and Board Os Trustees
of able 7ilia a of McCall:
Se 1011 1.
Mat for the purpose of acQUtrl g, y p ./.w'ch:Ide or o .� e r ori arc,
for the Village of
_.. L.�1, u_d for the purpose of providing the ecel ary funds 3 ori th
Which to acquire the ;ane, thor. o shall be, and there are hereby
:futhorized and directed to be i 3 sUcc., the negotiable bondo o : the
Village of McCail,,to an ario nd ut- nre at1ng the principal auul
of Eight Thousand ! ,000.00)
.o s ±arc.
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That id bone h shall be designated "to nic 1pa. Coupon Bonds of
the Village or McCall , i s su t..d for the purpose or acquirinz itraterwors
system's; shall be sixteen (16) in nub her;nulubered f roLi one (1) to
sixteen Cisex) both in iiAivo,to be of the denomination pf LANG
Hundred t500. 00
, each.
%idi bonds shall bear the date of J. • =:ary lot A.D.I9I6 and Shall
become due and payabl, e January ry I bat A.D. 19.36 ID= but ath al be redeem—
able at the option of said village at any time after the expiration
n4ten years frau their date In tile c .
orer in which they are numbered
shall 'bear interesrt from their ct.a.te unt tw paid ,at not to exceed five
$^ ~
J
pew$ cent (' :per cent) per ai• 1, mCyt;Bble ue i'annually on VIA irst
day of July and January os each year,which installments of interest
t
to date of r .at rety of principal shall be evidenced by appropriate
coupons attached to each bond, and both principal of,, and int )ret on
No
said bonds Shull be payable at the office of the Village Treasurer,
at L cCaIl, Idaho, or at the Chase National Bank, in the City anf State
of New Yom , a t the option of the holder.
Section 2.
That each of said bored3 and each of the t in.t e r v e t coupons
to be thereto o attached sham be in s3ubl3t ant i ily the following
r
fnAris res ect.i ueiy,toewl 4:
(Porn of Bond)
'United Statcs or lulerica.
State of Idaho.
County of Boi o .
Municipal Coupon Bone of the LTi i l age o1' a Cali , t .3 $ueJfor acquiring
ate37'70 rt3y3tearls
N o s
The Village of Mo CalI ., i.n the County of Boise and
tato of Idaho,
ac inC'wl eci, i t % e l to o, e and o xv value r c ie .. hereby pro l 9 e Y
to pay ,bearer the principal sum of
on the first
r
Dollars,
i
day of Janu:trv A.D.
r or
Jnge ViLo1• w.+wti.i the Intero &t on said RJR
date hereof u.: ti :
t # •
each year, czk3 bV1��
j "r0-.1,74 1.4+
c4r4
the
first
cit asy
4%-ld Uti: y �. 0 1.0
of the inti reit cOU .)01 . hcr_: to
irk,
I.; •
Both .£ 1. w
lawful !oney of
iu cf. and
the United
the Vilie:,-r ye .b .T, L i ts5ur e r ol
Bank, t Ti the city
I1 old
and
ia.ith,credit
p le d e {.' .
Trails
one (1) to
to
or • gal ` J
• i • r X11 -A ffig
per cc1:.tuA.& pox" a?lliala 0,3
J.411.1.1ary al al July in
prey •-•10,; ,tie.011 and surrender
aa tney
4.1
sieve aily M �
CO''+O
bond ore 124yalflo
As.Li j 4S aw .e.
Idaho , ar z. t the CA s e at `, o? y:
inty and State of
York, c t the optic
o
3.4 re.
> i v tiv
f thereof , as r, ' e ci " e d Li'
f t' trh y c 1 u t-., t 71 .J {....k .• 4� f 4 , ale
bond is of an is
.ilat,ii:i village 4i e hereby irrevocably
Axteen (16) boards M
ered
sixteen 16 tnci m .VC,oL like date and te.10 &lave c.)J.
w
r:o r
tt1_.),#J +~ . t i r., 6 j
aggregt
'0 thy'. i, ? �...,. C �.
t ou3 aflc (4M1000.00) clo l ._
t 1%1
10
a uni cip41111
ast
10
thLe
-,
s ai f bit viriL V k)
' �' ` _ J ;. i .,l • i —' '• ,i i a i /
Cam
44.
)04.4t eicht
- lei teal
:or the purpoue of prov iVii.i1,
to acquire b r pureha6e
1 .i,. an t Eu Ct 3111)-9 :i.V t o i
a p
. z i.:'% 1 i t ,i'1.. .I.1';
t,he.'eoi t fob:'
all reBpCCt ii in
..f
•• -
el
`` ..L
■-N
t yrr -t 1 ' r
ite
ruts! o1- 9,iucter
c;t n4 % f tf !1 rit 1 a. CA/
w .34 eta to Ise
.L ' t
UA11
or . ,.'.j y 1 nF t j 0 (2&
�J' ,d„
:eta A s J it r i vie tai tie
`/ for
..`'• 1 cit \+/
04
and b; virtu Of
t,k ft'
L! u0
"nth +j.th the prc1 M .r1. ►,i i on'i of a11
Ct of the le isaL Sur. , e of the d _ate oL Idaho,r 1 nt
•
for the
issue and sale or a wunic l pa:?.
C ♦ if l h: and tt 1 or r j
tne
el Is
1 1 t4, Lk %
An act
co vi n bond: v i rk portA 4.t
of t.h
funds (des :i-•t1tti...
L .'
Hale-1 •� - v y . r.` ' o r el e for r Vd 4 t the 1 '4 J X1..1.. an
Hale t #, . O , anc , to �; v i r ,�, I.1 rn r� principal :►
rca'asit., tilOritTheil AL -"I
al st<
Chiter
iri
•<. C-
» r1
41/4.3
Title XIII of
Pe ru; :;t IT
n e
:Nano:
r� •
rei3ed Political Code,
and all act i; L-Jlenctat or thereof and aup lerienta
And it 1,6 hereby c e rt if l e
vfikr, 3 tr a •
21> t ri rs�•al.r.t `.:Cti at the Vt J .. agt? of
Steep:Livia municipal corporation duly organized and existing
as a village under and by virtue of Chapter 4 of Title 13 ars
uhe
Codes of tie State of daho ov;grn. ; cities and villages.)
at.+c d 1011
•
114.i"i..
4rlt.,.. .L c g f .�.
+ i tet e
,�, r -, are $3 s ` ° -� 4 } 6 t jrf • is �t;,r c.7 ^, '►
rt��,.�. ��'. 03 ! �....� (�;,i� �� cs,r'Lf..�w.f t+l. �� }, � .� r.�ilbt�.a..�
( 1 ,r
1....,
111 the public boua rre i trEitosan hook of
id i i .' f 4✓ Rept V fo.Le 61n. i imr:d o e, t o !.►1.er I t t li
the
mincer Wite
anol if of ('
,.,)y tt c recf ,t1. -1,:e rat e
Stat exdnt of
M said 1V o i.1 i. l V •� F • time Z..l..i. I rl place of
� T � � tine {�y1 ��'��,�� { � ,/.may (moi
o4. L i at e �f c R r t • s 1i�fi:.� lY k, '. or coupons
e} T j t h° d tftereto,and t h e s ],. t o and amount of t h i 3ale ~r 'ti ' said
eq
and the nave of the purcta3r thereof.
..l ;. 041 -is
s c !- r e fr13tratiOri 311d b0110.3 � i � . �. y the Vi a i. 41. .x.
be t eli Y t.lre
to the J) rI.r ::
upon pz gynent the agreed
then!f)r;and the u oc..:' L domed
0:"10•41. x9�
tas
or ()then:13o of
t fes* .'s 1. 1 r r
err t �. �'-
• 4
sf 1 o j�
of o a i
>y C
and exclusive -Pi' to t i 3 aO4Ulring , by purchase
• i cwt ..✓ •1./ ..1� ■ �� . k. &
ti
fant tie
11(1 4
her sin sati h ed and not o t?
►) 1.s 0
Section 4, Stat for the pur c io of 1 rovi(i1ng for the payment
of the interest on rle bonds herein a.xthor1 , , , cL :.4, .. when tie : c'n'
ora
jr� '}e.S. +t
i4.1r414i ~e ' t1le shall be Lulu nli r i
1 3 1 1
rr 11-'4v4
It.
slur i. ng the yez L R
1916 to 1936 ,1 nciva tv ,1n addition to all other L ..xeB , a direct
S
additional � ,�., t .i�, on all t 1 ; C�. �. J.�' ."oiler with the Village of
McCall Pi ffielent to proe u e f_ BUL1 or money tin pay the interest
i� +i s .+ I: `� ~ l ti 4 b is f c^ i' `. T:= 1 1 r* azo
� 1 3 �L �'
w.�. .a�. J. :�.? .4, 0 �- 1 1 riOI1 the ►., :Z o mato ea
`LJ d
4
A
for r� -1 p u..L . o s e of providing for the payment of the r iciDal
._'
borids when the same becomeo ‘lue,there ohall be Ann there
rein 4
hereby ievieii upon all the taxable property in the Village or
- Le( 1/4.1CLL.jl w•�i
to aIl other
�r11 f tol'ent to produce t1e 0113 or
♦1 r .. ). -y ,. •i
Ll
a.a.t;ut
14 a
Ist +.l. J i
$ cp. 1 Nt
tel -I
LL11 H11 rid r ed •F-0 00 ) dolls 4 1'3
foil each of the yearn 152 t LJ 1936 inc i i ive a And th "'_J
f a"\
10 •.
•
ti
i J l.va1\!
,vied as afore$ aid , ihaIi in * uch y'c:srs ,1'Je t;.... t ond e; upon he
tax r o i i. H
('1 i {{ t/1,0
•• -R 1.', 1r 4. 4 s rL 4• •'
Wk.
•
t f
: s:y it v.4
I antlE,, r and
by
the iy rn ate,:floc! 1." 5 W-3
o.i3ri ^ jTA V + t (e 3 7 1 ♦} j a
r
exit --. Isliiecit �i.•41i if 1.Enoi rr+af► 1i.f + ✓ i/ ed
That the total indebtedness of the Village of
this bond and said entire issue of bonds 1: sloes not exoed any
con3titutional othtutorm rt- i t i l on ; ,nU that due p rov i. i 1 xi have
been milfde lAor the lxvy collection of an annual tubx upon all
of the taxable property In sald village;in addition to nu other
•
i iii.l .• tv . ent totJ ' 10 ' oni
` .v t�e ix_ t ere -�t 1
charge the principal horeof at naturety.
nos 4.1
due sand. to i
��zcoma
•
bond '�'', ( `7 `[► ` ! 3 '� ( '' �1 S t L1 t �}T•, �y i' 7- t •{. this ti` i� 7 1y (/�1 •y 1j a part
are �r►j
3► o i. J. d l 1 i. u l �i d i �. • �A. tie i o d i✓ o �I ! h i �./ !. i ! i. ST i s bo n d i s par v a /1.I e
eenable at the option of said vi ll . any t ire AL' er the
e
expiration o ten 'ear6 :ir n the r i-cLte and ill their ma:1e.► lc:a•i..
c r, coni., 1...+i:.\:l ug fit; 1 Jona Nob 1 b
In itne s.3 whereofIthe ua1d Village of i tr. i , p its --ts vs C4.1 cI of v _."uci t eem
IlLw crni3e(1 this bond to be 3i ,raf.d by it.; :ii41riaLUI,L'tn .ttt :atec1 by
+ 1
v
Cie ".tit t id iuprei,3�3ed. �'ti .1.th its CSC rt o ,a +• seale,�,athJ 1 ��
countersigned by it s TreaL3UYr.`-s. .'; AL1 d e21cn
hiey.' into ttccned to
cf January A , J
Countersign
A
I 0
the irk, eret3t coupons
1 .eJ
set
.kyr _
yr 1) 1;-.i t i 111 4.." _
0 *t.r �r
• ., L •
:Corn pf Coupon)
On junuary i s t
v
July Iii .�i. J..:...,..
.he lat e of McCal.it•4 theJaunty of l3 :.? 3, t,1 !E',_. a o:. {'
� c .► . tits
hl e ] p
will Day to the bearer the sun of -- `1kai) c..f “-4 a.�i.'f 11], money
of the Unitc,'c States of A ';u. •lca, at the office of the VIII go
T t easu c - 14 3 . r t the
_Jr 4j id ss
the
City and State of New Yorlc at the option of the l'lolcier f r sent—
annual
ent--anr'ua] interest due that uay on its municipal coupon pond i s ue
Li, } !r' or ~s p 1y�t'i + ,:s,' 1 ' , .f.y I, /*.' •1'• 1.\1.
_ . .3 C 1� L� �:,• � � v .�. �� k`7 i_d�.ii.b 1Lf � RS � 1.� / ►._� C#.� �.. � v ��.� 4.��c''
Villa/D° r,L curer.
E ecticn
That a bond election is6 he2JAv oaled to bo held 1x. the
Village of Sty:rail ,ori. the I6th day of AUgt 3t 1915 , acrordi-ng to law,
for the purpoae herein proposed ,call at which tine there shall be
Aiubnit 'M esti to the guali+Y lee electors who
:...+ IThtyel'6 residing
t e roln,the que t on of Y 1:let ter orot, oondr) ln the a cunt of
)9OO.00, shall be issued by the Viiiof McC .hand if at said
e lent ion, two—thirds of the ballots 0a: t , i s in favor of t iUtn
bonds s t o the :daunt of $6,000.Oo,for the purpotae ; 1si:. { t r.:in this
ordinance , t 1en this ordinance Hhall be in full y or c,,, and e l trot ,
and said bonda ;thali be issued. ,and the Vi iiage Clerit ,bo
heroby required to give .gin days notice of viald election
t"
published in the Long, Valley .,ii.dvoc!_ t e, a weekly ni l si , _ er, prs.'. and titbit sh at Donnelly, h do ,;.l l . having gene 4al circulation
in the said visage of McCallond the said Villi e -A,13
further required to give noticeIZ. �`)C.,d.° 4. �i I .� .#:�;v
event t w o swards of the ballots cast at said olcct io.+ "., a in
1
isauing id bonds, for ,perlocil of four weeks of
the Intention of the Village of McCaig' , to
.S. 170:.1 and negot1:- to :32 id
bonds and invite bidders tiles.efor,and tt - t.saoeLt :iniaz t.�et, best
:.
terms upon and the 1 miA interest at such bonds can be
negotiated ,the the Board . of Truutees sh%11 procure the propper
e 4' raving w/ $ printing msh \.r re o f t a i i i l i s r o u e of the 3 i fi- e as required
pro eed 0
by law and apply the‘ thereof as provided herein.
Passedladopted and approved this X th day of July 1915.
tref,,,,71
Chairman.
Vt..11a e Clerk.