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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