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HomeMy Public PortalAbout1936.10.30 Council MinutesNOTICE OF SPECIAL MEETING To the members of the Board of Trustees of the Village of McCall, Valley County, State of Idaho. A special meeting of the Board of Trustees of the Village of McCall, Idaho, is hereby called to meet at the Village Hall on the 30th day of October, 1936, at the hour of 8:00 o'clock P. M. of said day for the purpose of con- sidering and acting upon bids for the purchase of the $17,400 general obligation sewer bonds of the Village pur- suant to the Notice of Sale of said bonds, a copy of which appears in the minutes of the meeting of the Board held October 5, 1936, and for the consideration of such other matters and things as may properly come before said meet- ing. Dated this 28th day of October, 1936. Chairman. The undersigned, being all the remaining members of the Board of Trustees of the Village of McCall, Idaho, hereby acknowledge receipt of said notice, and consent and agree that said Board of Trustees shall meet at the time and place therein named, and for the purposes therein stated. Attest: ; 44t6.At gedt i age Clerk. LINUTES OF A SPECIAL 1-i2.;ETING OF THE BOARD OF TRUSTEES OF THE VILLAGE OF LeCALL, VALLEY COUNTY, STATE OF IDAHO A special meeting of the Board of Trustees of the Village of McCall, in Valley County, State of Idaho, was held in the Village Hall in the Village of FLcCall, at 8:00 o'clock P. M. on Friday, the 30th day of October, 1936, pursuant to the following written Call and -iaiver: NOTICE OF SPECIAL MEETING To the members of the Board of Trustees of the Village of IVToCall, Valley County, State of Idaho. A special meeting of the Board of Trustees of the .Village of McCall, Idaho, is hereby called to meet at the Village Hall on the 30th day of October, 1936, at the hour of 8:00 o'clock P. E. of said day for the purpose of con- sidering and acting upon bids for the purchase of the 1.7,400 general obligation sewer bonds of the Village pur- suant to the Notice of Sale of said Bonds, a copy of which appears in the minutes of the meeting of the Board held October 5, 1936, and for the consideration of such other matters and things as may properly come before said meet- ing. Dated this 28th day of October, 1936. W. C. Peer Chairman. The undersigned, being all the remaining members of the Board of Trustees of the Village of McCall, Idaho, hereby acknowledge receipt of said notice, and consent and agree that said Board of Trustees shall meet at the time and place therein named, and for the purposes therein stated. Wm. Reinhard W. E. McCall J. A. Howell J. E. Freeman Attest: The meeting was called to order by W. C. Peer, Chair- man of the Board of Trustees. Upon roll call the following were found to be present: Trustees 4m. Deinhard, J. E. Freeman, 4. E. McCall, W. C. Peer, and Village Clerk W. E. Jordan. The following was absent: J. A. Howell. quorum of the members of the Board of Trustees be- ing present, the following proceedings were had, to wit: The Board proceeded to open and consider bids for the purchase of the A7,400 general obligation sewer bonds of the Village pursuant to the Notice of :gale of said bonds, a copy of which appears in the minutes of the meeting of the :Board held October 5, 1936. The Clerk announced that he had received but one bid for said bonds, which bid was from Sudler, .jegener & Co., Inc. of Boise, Idaho. Said bid was read at length by the Clerk, and is as follows: October 27, 1936 Honorable Board of Trustees Village of McCall YoCall, Idaho Gentlemen: In connection and in compliance with your legal published notice to sell '17,400 General Obligation Sewer Improvement District Bonds, which bonds are to be issued on the amortization plan and which bonds are to commence to mature in two years after date of issue and to mature twenty years after date, we make you the following proposal. Je will pay par and accrued interest for legally issued bonds bearing interest at the rate of 5 1/2 subject to the approval of all the proceedings in connection with the issuance of said bonds by lyles P. Tallmadge, bond attorney, Denver, Colorado, or some other recognized bond attorney and with the understanding that the funds derived from the sale of these bonds are to be used for Sewer improve- ment, costing approximately N0,000, and that the balance of said funds are to be derived from the P. W. A. as a grant pnri thRt in (1,-,1qp, g irl fnnHq Hn not hnnme available so that the project can be completed in its entirety the proceeds from the sale of these bonds are not to be used except in the above connection and are to be used to take up the bonds as soon as possible. We expect delivery of the bonds as soon as legally possible, and in case the funds do not become available we agree to return the bonds to the Village at par and accrued interest, in which case the Village agrees to pay all our expenses in connection with the purchase and sale of these bonds in an amount not to exceed 1100.00. Attached hereto is Certified Check in the a :count of 070,00, which is 5% of the a .aunt of the issue, which check is to be retained uncashed. by you and. applied on the purchase pride of the bonds. If a proper approving opinion cannot be secured relative to the issuance of the bonds and delivery cannot be made, the funds are to be promptly returned to us. This bid is for immediate acceptance, and if not accepted, the check is to be also promptly returned to us. If our bid. is accepted, you agree to promptly; furnish us with complete certified copy of transcript of proceedings in order that we may submit same to the attorney for approv- al. We agree to pay for our attorney's opinion. Respectfully submitted, SUDLLR, EGENER & CC., INC. By Theo. H. Wegener President. After due consideration of said bid it was moved by Trustee Wm. Deinhard, seconded by Trustee W. F. :McCall, that the bid submitted by Sudler, Wegener & Co., Inc. be accepted and that said bonds be sold to Sudler, Wegener & Col, Inc., and that the Chairman of the Board of Trustees and the Clerk be authorized Ind instructed to eonsumate said sale on behalf of the Village of iicCall, and to execute said bonds and cause same to be delivered to Sudler, Wegener & Co., Inc. The Motion being put, upon roll call the following vote was had: Those voting aye were :Trustees W. C. Peer, W. F. McCall, Wm. Deinhard, and J. E. Freeman. Whereupon the Chairman announced that said motion had carried unanimously. ESOLUTIOE liDOP`'ED NOVELBE, 19;J6 DESIGNATION OF DEPOSITORY "WHEREAS, VigLene .o oQa1unit) kD P`d Idaho, will have from time to time public moneys in its treasury which, by the terms and provisions of Sections 55-101 to 55-143 inclusive of the Idaho Code Annotated, being the Public Depository Law, must be deposited in designated depositories, and WHEREAS, Boise Branch of the First Security Bank of Idaho has made application to the Supervising Board of said Vilinwe ofLaCsiii. Idaho, e osi ing Unit) to be designated as a depository for such public moneys: NOW, THEREFORE, In accordance with but nevertheless subject to aLl of the terms and provisions of said Public Deposit- ory Law the Supervising Board of iiiA e of 1:1ICati� Tdnho, does kDepo'iting Unit) hereby designate said Boise Branch of the First Security Bank of Idaho as a depository for such funds, and hereby directs and authorized the Treasurer of said De -positing Unit to deposit in said bank such proportion as the law directs of the public moneys coming into his hands or which from time to time may be available for deposit.." (SEAL) ATTEST: Clerk l'i'eSS. I, E. Jordan and acting (Clerk Treas., MMRP) of Vl Li e _of I6ic:i''.8 i 1 'tight), 'Depositing Unit) � f r.- �. (,,_: _. Chairman , the duly elected, qualified hereby certify that the foregoing is a true and correct copy of a Resolution duly adopted by the Supervising Board of said Ville o1 _T hell ll j ss�o, , at a Heeu,� meeting epositing U'ni ) duly called and held on the ^� day of November ,4g 1930. In Witness ``Thereof, I have hereunto set my hand and affixed the seal of day of November (SEAL) said. Vi 1.11? of Ivitea L _ Idaho this _204.. E�epositing Unit ' igVii ly3ci. Cler ?' `' T! !' ' Treas.