HomeMy WebLinkAbout1939, Feb 15, #2 Redemption of Outstandinf Municipal Coupon Refunding Bonds?Minutes of T'eb. -75th -continued
passed and adopted and t o be a duly enacted ordinance o1: tip e City of Rexburg,
and the Iia~=or approved tLc same bar his signature of approval at the end thereof
same rJas attested by the Gity Clerl~ waxier the seal of said city.
~,`lhereupon the follo~~.ng Resolution vaas filed GTi'~ix the City Com~cil and its
adoption moved by Councilman &ia~1waring end seconded by Councilman Smith, viz:
R E S 0 Z U T I C? N
IT IS I~trBY RESOLVED BY ^1 FIE IiAYORAT?D CITY C0-"~"C II, Or P~EIC?IrRG, Ip~ti?C, AS
FOI,I,O':'1S
1. That the C i t~ G ouirc iI o?" Rexburg, Idaho, for said City of Rexburg, does
hereby declare its i!rtentions to exercise its right a77d option of redemption of
the outstanding islmzicipal Cciipon Re7"i~_nding Bonds aggregz~,ting :;25,000.00 in
.,
t fie
principal amount rep-resei~ted by Bonds Pros. 1 to 50, inclusive, of the denominati on
of y~500.00 each, bearing interest at tl~e rate of 5j~ per an?nun, payable semi-ar~_zual:ly
on the li rst nays of ~atluary and July in each year, and dated as of Via??uar~ 1, 19 N7,
aceorii7g to ire opti on auci x3ght of redemption expressed in said- bon cis, and ti?at
notice shall pe given by the Treasurer of the City of Rel~burg of the exercise of t:nis
option and brat said outstading bonds shall ue foxvoarded by the holders thereof ?'or
redemption and -retirement to the Rexburg Stave ''ank, !iexbura•, Idaho, on or velore I
the 3rd day of the rnoi~til of i,iarch, 1939; that fife Treasurer of the Cit~r of Rexburg
shall give sack notice and cause such notice tc be given iSf tl?e r~tirsment aZd re-
demption of said ends, as provided in Ordinea7ce I~io. 337, passed and anp~°oved at
t,is meeting; and, upon file givixxg flf such notice, to submit the form of such notice
unto this City Coy.??ti i1 at a subseouent meeting he?°eof fox° its retifieation and
approval thereof; whack sai d notice shall be consi stem with the provisions ox" said
Ord 121ance and with this Resolution aid substantially as required therein.
kttest:
Edna P. I3e~sted
City Clerk
D. "`. Stott=Jell
V Icia,y or
Tize fo regoi gig Resolution after beinm read in full by v3~e Clerk, ryas duly
submitted to an h~ and NAY Rote, and tha vote thereon was a follows:
Councilman Smitl! "AYE"
Cotmc i.lman iIanson AYE
i' FTonkis~s +YE
" iuiaazwaring AYE
Petersen AY?1
" P~?filler A_~
Smith AYE'
uYi.th no NA'Y' votes, vahereupon the P.~za;T-or declared sai,d;.Resolution to be fuly adopted.
Re: Public Rest Room
The matter of publ.ie Rest Room uvas discussed at length. Councilman 14kn-
ti~ra.ring introduced the follorring resolution and moved its adoption.
S O I, U T I O N
Fihe yeas, a Pub7_ic Rest Room is desi. x~ed in Rexbizr,-~, Iclai~ o:
NOti~I, -: ~,R~FORE, BE IT RESO?~V.ED, That the R~iayor, D. t'I. Stowell, be aut'_norized
to enter into a lease faith the a,:;nropr~iai;e parties to pxro~ide premises in the
Idaliomont FIotel Buildi?1g for said rest room
and the vote was a follows:
Co~~ncilmaa2 Hopitins
" ?ianson
" isiiller
" i,3araaring
Councilman ivliller seconded the a~otion and
it a~i~
r~~~
A_YE
AYE