HomeMy WebLinkAboutORDINANCE NO. 456 MUNICIPAL BONDSOrdinance Book, "'-,iL-y Of Rexburg, Rexburg, Idaho
Passed and an, roved this 711i day of July 1965.
.✓ f t`(`.i �. :.'G/ ✓ \ � � � � � y t--�Y
Mayor
ORDINANCE NO. 456
11 0\1 ORDI'11,-k_CE PROVIDTHG FOR THE ISSUANCE AND SALE OF 4'70,000„00 PSLII
CCUr'OiQ c1'EL�T TMFRO�I�I °I7DiT BONDS OF THE CITY O RE:�d3TTRG, MADISON COUNTY, STATE OF
IDAHO, PROVTDING FOR THE FORM TH EREOF AND FOR P-ROVISIOVS TO RE MATE FOR THE PAYMENT
OF THE PRINCIPAL OF AND THE INT_;REST ON SAID BONDS.
wH by the result of a special bond election duly and lawfully called
and held in the City of Rexburg, Madison County, State of Idaho, on Tuesday, the 11th s
i
day of May, 1965, the City of Rexburg, Idaho, was empowered to issue and sell its
municipal coupon bonds to the amount of `670,000,00 to provide .funds for the purpose
of improving the streets and intersecti.< of streets within the Cit, of Rexburg,
Idaho, all
of which is a necessary public improvement , and t!
WHEREAS, the .result of said election was declared by the City Council of
i
said City, sitting a a Board of Canvassers, on the 19tr day of Mav, 1965, and
WHEREAS, said bonds so authorized are to manure serially on an annual
amortization Man as remise
d by the "Municipal Bond Law" of the State of Idaho,
_ �I
the first installment of principal to be due and payable within two years from and
I!
al=ter the date of the bonds and the last installment of principal to be due and
i
payable twenty years from the date of the bonds, bearing interest at the rate of not
to exceed 3.75 per annum, and
PiEREAS, the C; t•_r Council of ' he Cite✓ of Rexburg de- ms it exredient and
necessary at this time to issue and sell all of said `,70,000.00 bonds so authorized,
MOW, THEREFORE B5' I` ORDAIN. D By THE MAYOR AN!� CS "Y COUNCIL OF THE: Ci -tv
of Rexburg, Madison County, State of Idaho:
Section 1: That to provide funds for the Durnose of improving treats and
intersections of streets within the City of Rexburg, Idaho, there shall be issued
Municip_ -,1 Coupon Bonds of the City of Rexburg, Madison County, State of Idaho, in the
amoun" -. of ;70,000.00, dated July 1, 1965, in the denomination of one Thousand Dollars
( ^61 each, maturing serially and redeemable at the option of the City of
Rexburg, Idaho, ten dears a -fter their date and on interest payment dates thereafter
in inverse numerical order, numbered and due and payable and bearing interest as follows:
..Bo d
;vi.zm er
Amount
D-te.of
Maturity
In Pe est
a e
1 -
2
1 2000
1967
3 -3/4%
3 -
4
2000
1968
3 -3/4
5 -
6
2000
1969
3 -3/4
7 -
8
2000
1970
3 -3/4
9 -
10
2000
1971
3 -3/4
11 -
12
2000
1972
3 -3/4
13 -
15
3000
1973
3 -3/4
16 -
18
3000
1974
3 -3/4
19 -
22
4000
1975
3 -3/4
23 -
26
4000
1976
3 -3/4
27 -
30
4000
1977
3 -3/4
31 -
35
5000
1978
3 -3/4
36 -
=
5000
1979
3 -3/4
41 -
15
5000
1980
3 -3/4
46 -
50
5000
1981
3 -3/4
51 -
55
5000
1982
3 -3/4
56 -
60
5000
1983
3 -3/4
61 -
65
5000
1.984
3 -3/4
66 -
70
5000
1985
3 -3/4
Interest payable semi - annually on January 1st and July 1s1t in each year, com;nenci.no Jan -
uary 1, 1966, Said bonds shall be known as "Municipal Coupon Street Improvement Bonds,
Series of Julv 1 1965." Both principal and interest of said bonds shall be due and pay-
/^+
Ordin ��^������� ��� ^��/ 8 ��/ 0�(� �\J A��(r J ���
ance Book \�l�� w1 �\�/���en�� �\�/��u*u�� �[�&�Uu
O0ZTCD STATES OF AMERICA
n���� 0» TD�8O
[Oomz� u� ��aO�aON
[Z?Y OF BC%BDKG
MDNICZ,&I, COUPON
STBC��]T IMPR0VOBE0T BOND
Series of July l, 1965
do.
1I
KNOW /\I,I, @EN RV ?HCOE PRESENTS: That the City of Rexburg, in the [oon±v of
Madison, and State of Idaho, for value received, acknowledges itself to be indebted
and hereby promises to pay to the bearer hereof the sum of
ONE THOUSAND DOLIAR3 (51
in lawful ruoocy of the United States of Amecica on the first dal/ of July, 19__., ao'' '
redeemable at the option of the City of bezl/ocg Idaho ten years after their date and
on interest payment dates thereafter in inverse numerical order, at par and accrued
interest; with interest thereon at the rate of 3"75% per annum, payable semi-annually
on the first day of January and the first dal' of July in each year, commencing January
lot 1966 both principal and interest being payable at the office of the City Treasurer
of Rexburg, Idaho, upon presentation and ancceodec of the annexed coupons as they re-
spectively become due.
This bond is ioFned bo said [it}' to provide funds for the purpose of i
proving streets ind intersections of streets within the City of Rexburg, Idaho, and
is one of a series of bonds of like date and amouut and is issued in conformity with
and full compliance with the Constitution and Laws of the State of Idaho, particularly
Chapter 2 of Vulc 57, Idaho Code, and laws amendatory thereof, all other laws supple-
mental thereto. It is hereby certified, recited, and declared that the full faith
credit and all taxable property within the City of Rexburg, Idaho, are and shall con-
tinue to be pled;ed for and until the full payment of the principal and interest of this
bond; thst e`/ cy requirement of the law relating to the issue thereof has been duly
complied with, and that this bond is within every debt and other limit prescribed by
low and the Constitution, and that provision has been dull' made for the collection of
an annual tax to pay the interest on this bond as it falls doe, and also to ya}' the
principal thereof yheo due.
IN TESTIMONY WHEREOF, The City of Rexburg, Idaho, has caused this l>ooU to be
l
signed by its Mayor, countersigned by the City Treasurer, and attested by the City
�
Clerk, the seal of the City affixed and the coupons hereto attached to be signed with
� the facsimile signature of the City Treasurer, which official, by the execution hereof,
does adopt as and for his own proper signature, his facsimile signature appearing on
each of said coupons, all as of the first day of Joll' I965^
CITY OF BC}{BORG, MADISON COUNTY,
STATE OF IDAHO
ATTEST:
(Facsimile Siooatoce
City Clerk
(seal)
(Facsi
Mayor
Countersigned:
( Facsimile
City Treasurer
to each of said bonds shall be attached a coupon for each installment of
interest contemplated by said bond, which coupons shall be numbered consecutively,
beginning with 0u^ l^ Said coupons shall be in substantially the following form,
to-wit:
{rnnP(,m)
19
Ordinance Boo City of Rexburg, Rexburg, Idaho
(S ) in lawful money of the United States of America, at the office of the City
Treasurer of Rexburg, Idaho, being six month's interest then due on its Municipal
Coupon Street Improvement Bond, Series of July 1, 1965-
(Facsimile Signature)
City Treasurer
Bond No,
There shall be endorsed on each of said bonds the following certificate of
the City Cleric and the Citv Treasurer_:
(Registration Cerificate of the
Citv Cleric « City Treasurer)
"I'Ve the undersigned, the duly chosen, qualified, and acting City Cleric and
City Treasurer, respectively, of the City of Rexburg, in the County of Madison, and
State of Idaho, do hereby ce.r,tifv that the within bond has been duly registered in
permanent public record books Icept in our offices for said purpose, in full compliance
with the Constitution and Laws of the State of Idaho, particularly Chapter 2 of Title
57, Idaho Code, and laws amendatory thereof, and all other laws supplemental thereto,
showing the number, date, amount of Uie- bond, rate of inter: =st thereon, date of
maturity, place of payment, and the number and denomination of attached coupons,
"IN WITNESS 4jji REOF, witness our hands and t-he seal of said City of Rexburg,
Idaho, this firs' day of J1.111, 19650
(seal)
Section 2: Said bonds shall be signed -bv the Mayor, countersigned by the
City 'Treasurer, and attested by the City Cleric, with the corporate seal of said City
affixed to e; ✓ch of said bonds, and the coupons attached to -aid bonds shall be signed
by the Citv Treasurer by his facsimile signature, the said official b- the execution
of said bonds shall afoot as and For his own proper signature his facsimile signature
appearing upon each of said coupons.
Section 3: That to Pay the interest falling due on said bonds on January
1, 1966, and thereafter as the same becomes due, and also to Provide a sinking Fund for
the payment of the principal of said bonds at maturity, there shall be levied on all
taxable property in said City in addition to all other taxes, a direct annual tax
sufficient to oav_ the interest on said bonds and to pay and retire the same as herein -
above provided, It shall be the duty of the City Council of said City to carry out
the provisions her-of with re`erence to the levying of taxes, and all such taxes must
be levied, assedded, and collected as other taxes, and the faith, credit and all tax-
able oroperty within the City are and must continue pledged For the punctual payment
of the principal of and the interest on said bonds when due and 'until paid, Said
taxes wh ^n collected shall be apniied solely for the purpose of the payment of said
interest and principal. of said bonds, respectively, and for no other purpose whatso-
<nver, until the indebtedness so contracted under this ordinance, principal, and inter-
est, shall have been fully paid, satisfies, and discharged, but nothing her -in contained
shall be so construed as to prev_=nt said City from apply any other funds that may be
in the City Treasury and available for that purpose to the payment of said interest
and principal as the same respectively mature, and the levy or levi_ew herein provided
for may thereupon to that extent be diminished and the sums herein provided for to
meet the interest on said bonds and to discharge the principal thereof when due are
hereby appropriated for that purpose.
Section 4: That the a-ceptance of the offer of the First Security Sank of
Idaho, National Association, to purchase said bonds at par Plus accrued inter, =st plus
a premium of °?76D00, and redeemable at the option of the Citv of Rexburg ten years
after their date and on interest payment dates thereafter in inve!-se numerical order,
4 — I- -- —. .. r 4 —I --A — L.'.. -- -1 —.-1 11 —. - - 1 L -- I — — L._.I I I — A — l 4 -- -A r - - e - - i A
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-19
Ordinance Book CAN Cof Rexburyl, Ruburg, Idaho
therefor,.
Section 5. This OrQirance, upon its palsage and aDproval, shall be published
in one issue of the Rexburg Standard-journal, a weekly newsy vper printed and published
and of general circulation in the City of Rexburg, Idaho, and shall take effect and be
in full force imm-diately upon its pasnage, anprcval, and publication, and shall be
irreoealable until the indebtedpess hereby created shall have been fully paid, sat -
isfied, and disclnrqed„
Section q: All orqinonces or parts of ordinances of the City of Rezhurqj,
Idaho, inconflict with this orainancn or any part hereof are hereby repealed,
PASSED AND APPROVED this 24m day of June, 1965
President oF the Council
ATTESW Z
City Clerk
U
(seal)
ORDINANCE NO., 457
AN ORPINANCE AMENDING S"CPIGN 1 MV 0PD11. !mCE 4145,INNEXIMG CERTAIN LANDS TO
THE CITY OF RTXRURG, IDAHO; DESCRIBING Z010 LINDS AND DnCLARING THE SAME A PART OF
PHE CITY OF REX9URG, IDAHO, AND REP"-;TNS ALL ORDINAPCES OR PAPPS OF ORDINANCES IN
CONFLICT THERK&ITH.
aE IT 01D !!NED BY and'
City Council of the City of Rexburg, Idaho:
Section 1: That Section I of Ordinance No. 445qQf the City of Rexburg,
Idaho, be amended to read as tollows:
"That the following described land situated in Madison County, Idaho, to-wit:
The North Half of the Northeast Quarter (MINE Q) and the North 20 rods of the
Southwest Quarter of the Northeast Guarter (SWINEW of Section 25, Township
A North, Range 39 4. E. H., e therefrom the East 20 rods, which are
already within the zownsite, and the West 20 rods of the North 0 rods of the
Northeast Quarter of Section 25, Township 6 North, Range 39 E. B. M„
shall be, and the same hereby is annexed to the City of Rexburg, and shall be, and
hereby declared to be a part of the City of Rexburg, Idaho.
Section K: !!I ordinances or Darts of ordinances in conflict herewith are
hereby repealed.
PASSED by thp City Council of the City of Rexbucqjdaho, this it day of
August, 1965.
APPROVED by the Mayor this 4th day of August, 1965
41 � 1-07 -
ATTES
1,14
City llw-lerk
ORDINANCE NO. 458
AN ORDINANCE AMENDING AND CHANGING ZONING ORDINANCE NO. 390 OF THE CITY
OF REXBURG TO PROVIDE THAT RECENTLY ANNEXED PROPERTY TO THE CITY OF REXBURG, IDAHO,
HEREINAFTER DESCRIBED, BE PLACED IN "A" RESIDENTIAL DISTRICT,
BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF RE BURG,
IDAHO:
Section I.: That Section II of Ordinance No. 390 of the City of Rexburg,
Idaho, be amended to read as follows:
"That f-h� Fr,llnwinn Anne--r(9 i-o