HomeMy WebLinkAboutORDINANCE NO. 286 GRADING AND CURBING - SIGNED
------------ -----} ---."
.. ... ~... ............ ............ 0' .. "-........ - - - ,z:::,] - - -- - - --
SECTION 5. The interest falline due on said bonds on J.muary 1st, 1924 and July 1st, 1924, slwll
be paid out of the ge.neral fund of said City ~;nd for the purpose of reinDursine; said general fund for t~le lla.ymen
of said in tere st and in order to rai se tile necessar;,/ funds v:i th i'.frJ.ich to pay tLe interest fallins uue on January
1st, 1925 and July 1st, 1925, and to create a sinking flUld for the 11u.yr.Jent of t1l6 principal of s.:dd bonds, there!
shall be levied an 011 t~b1e property within said City, in addition to all ether buoos e direct t~x in the I
I'
I
year 1924, sufficient to lJI'Oduce the sum of $1458.30, being interest $958.30 and sinking fund $500.00. And I
\
thereafter in order to raise tile neoessary funds to Y;loet the in terest rXl.;;'1oonts as they become due a:l d to create I
)
a sinking fund for the ultimate redemption of said 0 onds, there sl1<...11 [le levied on all taxable pro~iert~T wi thin
)
said City, ill ~cldition to all other taxes c.. dll-ect annual tax in eUCll of t:ie years 1925 to 1941 bot.i:l inclusive,
.
sufficient to :;?roduce the sum of ~1075.00 in e~cL. of said "GGrs, 'beiHZ interest $575.00 :::...~d siY>.ki11i~ fu:u\ )500.00
eacll ye;;.r iilld in the year 19.12, sufficient to :;:roduce tho :.:mm of j1266.70, -being interest C766.70 aicd sinking
fund ~500.00. Said t:..-xos w11.en so collected sha111J8 applied 30181~r to t:.e l)ur-po<:e ofpa~rin:-: the Ll'erest .::.nd
j?rincipal of 5<:oi(1 bonlls respectively <:011d for nO oti:.cr ;;lli'pOSC: -\.'l:",tevcr, -J:1til ElS :j,nc1e[)tedl1ess so contr.::.cteQ
un6.er this 0 rdinance, }?rincipal a.ni interest s1,.all ]~ave been fd1y iu.id , satisfied and dis~llarceu.
S3CTION 6. It sl).;,11 he the rluty ')f the City Council of sL;:.d Cit~r, and the;,r '-'.1'e ::,81'60. - re;~uirel;, \
I
1-
annually, <...t tLe tiLe and in t}'ie mmmer Ill'ovicled by l1lw for L.G 1evyhll' of oL.er City ~d.Xes, to ra.tify .::.nd carry!
. 1
O'.:4t t;,e provisions he reof wi th reference to the levyin:" of t:;.xes and recfairi11[' the officers of ,m':; for 3.::.id _Oi ty:
~ to 1ev;,r, extend ana collect SL1Ch taxes in the l(J<.l.lmer provided b~r law, for tile purpose of creating;.;. f\md for tIle
paj1nent of the intorestupon and the l:rincip<.Ll of sm. d 'bonds und La said. k:.xos when collected s~lull [)e kept for
o.11d <:>.pplied only to ti18 paymant of so. ie1 interest ,:lnd. principal of said bonds, as lie reinbefore specified, but
"cl
nothing he.:.oin cOl1tail1ed sh.;;11 be so constru.ed us to 111'e-.J"ent said City from aFplying any other f",mc1s tl:at ::,U"JT [le
in the City 'h>e<:.J.sury a.nd ~vailable for tlle p,urpose to the payrj13nt of said interest ar.cl princip8.l as tl,.8 S:..Llne
)
respectively ::i.:.i.tm'e, and tile leV:i o:~ levies l,terein provided for rnay thereupon to th:.'tt extent be c1irdnis:':-lOu, and
upon tlle i,J'\';rmont of' the princi)al of any of the bonds i rJsaeJ he reu.."'1c1er in sei d l'1:umer, or by the, use of the,
si::l1dng fu:J.0 herein :.;:rovided for, t 16 lOV'J orlevies herein proyiding for the ra~nnent of interest ~m;,:r, +;~ t"e
extent of t:,e interest of ty.e bonds so raid, be diYniniGhed.
;";~Cr;:lO:; 7. ;,-11 oreli lances and Inrts o:~ 0'1dinanc8s of the _City of Rexburg in conflict with this
I
Ol\':'L,:",,-l~C ,-,-' i..'_'~ ;,.;.:ct t:lereof [:.l'e h~reb~T re:;;ec.locl.
S.3C'.i:IOH 8. ~l1is ol"clli.:umce .il.dl t".?:e effect <u,d De in f'ull i'orce and effect fror::l 1.!Dtl ::dter its
..!--,."",,-,, e, ~cf_l'oVD.1 [,-:.d due l)Uolieation c.l1'-_ ~L,11 be i rrelJoalable until the indebtedness 11e reby cl"eu.ted shall haTe
b~0:l f"ullJ lJ<...id z.ud s.::.tisfied.
L.3SC;:U ,,:.:1 _;..1..':F3(;'[C:D tllis 26t!~ rl::.cy of Septanber, Ji.. D. 192::..
It L ~,"':"-
t ~o
~. ).~
. , 'j ~\.....,." , .
r.!.:l;)Tor. ~ ~:
...ttest:
)
I c,
~ i...i_.....I;:....:... J
O!U)I:TiUTCE 170. 286.
..i, O:TIE~..J;c~ l-::10VIllE:; FOR T~:=~ ]EP1j:-J)l~r: 0:;:;' T::;I:::~Y 7-l0US~..Ll.J DOll.ARS (:)30,000.00 J
,\'
GTI..J)llm ~2~D C1JCllimG :omms OF '.:'::-IE Clr:'Y OF p&'"..::nBG, IDAHO, 1l...'.l':'cJ) ;..cUGUST 1st, 19121,
~
F....Y.tt3LE ....UGU3'';: 1st, 1933, BUT HE.i)=:;:;",.31=~ J~~ "_:cy ':'r:s J\.FI':m ~;..UGUST 1st, 19221, AT
T:iE OpnQN OF 3~.ID CITY, .;eLSO p]0'TDr~r", FOR
",1.'.....,
ISSU11TCE i,:2) FSESCRIBHm THE FOE.:
OF SUCH REFm:DIlTG BO:mS, ALSO P::~OVIDI1JG PO:] JI. TAX ~ ~O FAY BOTH ~HE PRilWI?iLL OF
....~:D :J:EZ nrTE:ss'r U:POH SAID TIFUlillETG30H.JS.
- --- - - - -- - - - - - - -- - .. -, ~""";,;,,1
- -,.---..-- -- 0' - ,,-- --- -".0'7 - ---- --
QEQ.D..,,"H"RD ITA. CO., .',LOU'.
I,
I
\
I of ;1exburg, Id.ito, 021 tilO 2Gti.l ci.:.;.;.r of cTul;;r, n. l). E13, m~mbered 171 entitled:
I
II
!I
II
II
\
'7HE::::EAS, purE1:w.nt to 2.::1 or~li;'-2.:1C(; dulJ ...:Lssed,
:Gc.de
and entered
1)~1"
L.c City CC.u:,cil of the Ci ty
)
I
I
I
\\ s~id City Council by resolution 1,,' y adorte" DC; Occeb or 4X,. 1913. issued "nd sold Oen (10 I 30'lds 0, the dano_,
L:.....tioll of ~1 ,OOO.CO e.:.cll, ::1lll1oe:"ec1 fran 1 to IJ :Jet:;:. inclusive, <..gg;regatinc tLe s-c.:!; of ~10 ,000.00, dc, ted LU€:US~
I . I
,I
I'
il
I;
II
il
,
"boll o:."Clinance sl1bnittiuc to t~-" .l1c.:.1L~ieu olectors of the Cit~r of -::C;~:i.JU1'C, lll~':'G, \:110
<J.re to..:;ciJ<.:.;,'ers t~~ereof, S'or t-c;ir c""teteY...iniJ.tion tlle question of L;sdl1;.?' 1:1-';,l1ici...;.....1
cou.l.;on -;JOll:;S of ::!:.. :..:. city ;nl::c :csc!'eg::: to c.:jOm1t of ~10 ,000 .00, to ITovicle for tll(;
const:::".letiol1 of <.:. ..r,Llici.fXol .~tel' 1,'crks l'L:""'1t ~Q1d suppl~/i11E: the SL.:CJ;) ':;iti~ '::...1.01' :or
the f'.ll'.Dose of fLlrl1is~lin:: '.,::;.tel' tn fl:lC~c ait~r o.ud the i:n:Ll~1lita."1ts :i:or'eof, fOe: &.11
lJurIJOc'es, a~1d in th0) (.~f'lT()2,'~7e c.:~:oun'; ci' ::)30,000.00 to I;l'ovide fOi' Z-l'c.dil1C unu. curb-
ing D.nd sidewallcs, stl'eet :cd. crossinGs, ~'":<i cD.lling an election to vote tiler-eon,
and provhli11[:' i.4 t.:J.x to 10.0/ Lo .J;.:.bclf....l of and L~e interof;t upon s,-:I d bC~lds if ~J.lth-
orized'."
1st, 1':'13, 1J0.;1'3:'110 "'-lcust 1st, ::'S33, Ol.t 'c'edee:.EuJe [..t~~le o:;:tion of said Cit;{ ut Wl~T tLnc :..fter ",UC:ust 1st,
1923, \d t~l. intera st
trlereVe1 i;.l. t
t~iO r::..te of six 1.)(;:;:' cent {5i~} :..:er [lnnW:i, p:~'a'ole
se:ui-:;.'-nw....1l~r on t}18 first deys
of January ul.ld July euc:: ;'i,;;;.r,
.L-'
,.'117)
........_ v
IrinciLJul of sdd bonus beine I:ayable ::..t tIle office of t~~G Ci ty Trc8..s1.;.1:'er of
..Ii ?u~:burg, Ic.1al.:.o,..:::::u t:ce int3rest :~t 1.:e 0 ff'L'28 cf :~'e Cit;;, '1re<:;'S"llrer or c;.t t~~e J<...n1dnz' ~~OUS(; 0::' Kountze 31'os. in
t~~CJ City of :Te':: lork at the o,pt iO~l c f tl.8 LoE jr, :'ilich 3c,:.d bonds \vero L~ S.lOQ to :..)!'ovi (18 fo l' t~,-e g-rad ing :l.,.,O
curhing of st:r.'c:ets a:ld tile cOllstrC:J..ction of siC.ewulks, crossings and cross-y'ulks i::l :~D.iC. Ci t~r, ~nd.,
I
n
1 D. 1914, said Cit;l Council i'sued~:nd sold -':on ao.~litiollo1 bonds of the o_enomil1,.;tion of ~l,OGO.(;O, o.c.c::~, nu.""''l?OTo<l
',r.:.S.?EnS, ~;nrsua.nt to ;>a.icl oruL,u.:.:~e ITa. 1':1 . rd to resolution d;;;.l~/ adopted 01'.. J,;::;lC:'.')Or 30th, ~'.
1
r frOlli 11 to 20 both inclusive, .?ffireEFtinr; the f:'i)~n of ~;10,OOO.00, dated ~i.u[,'Ust 1st, lSl3, I)[~rc.~-,Je ".uf.;ust 1st,
1933, but red,eeuable ~t the. option of 8<..1;1 City <::.t an~r tillle after August 1st, 192.3, ,,,.it:.l. interest bareon at th,
rate of six ~r cent (5,;;} per amm::l, :tJaya~)le ser::..i-a..'111uall;;r on the first ctU;,rs of ,J<..lIl1.3.l"J uncl July in L[,i.ch year, 1
the principal of said Donds being ~.laY3.ble at tile office of the City 7reasnrer of Jexburc, Ic::.0J.o, ::u.-,Q ti.le inter- i
i
)
<< est. at -- tlle off i co o~! the Cit y Treasure>t or at tb a Banking Ho us e 0 ~ Xoun t ze Bros. in t;", C it~, 0 f !:"'" 1 ork. at the
and curbing of Stl'G8t~ <.iI~d the
duly adopted on 1:18 25tL dc..y of
.b.pril A. D. 1916, sa d City Council issued and! sold the remaining ten boncls of s~lid Cit~, of +::~e ',~eno;r.il1d,ion of
~l,OOO.OO each, nun:ib~red from 2l to 30 'oatil inclusive, aggregating the sur:: of ')10,000.00, d.ated.il.U[,~Qst 1st, lS'13
I .
pa.yable A.ugust 1st, 933, but redeemable ut th~ OlJUon of said City a.t an~r time d+,er .tl.UCUSt 1st, lS23, -..: t't:
interest thereon at
I ;
he rata ot six pe~ cent (5% ) per annum, payable ser:li-tm.'1u.sJ.l;;r OJ1 t},e first d:::.ys of Januhry
onew yr......._..r........~.. at
streetsfrttba 00
, tlie principal of said bonds being raya-ble at the office of the Ci~. r::rE:2.s:1re1" of ~exburg,
st at the o;ff1ce df the city Treasurer or at tl18 Banking House of l':ountze 3ros. in the City
: I
ption of the hOldJr., whlC~ said bonds \Vere issued to provide for the gr'1.din~ m:d curbing of
, ' \ ,
tiol1~' '81~S~ m Binga and cross-walks witldn City, ani,
" '
I '. I
~S. said total bond iG sue ~ggregat1ng the S1.Ull of ~30 ,000.00, eluted il.ueus t L; t, 1913, ll1A.'Ilb-
and Jull..in eaah ~
,
Idaho, *d the lnte
the
I'
V i
I
h inclusive, willbecome ~e and payable ...He'Hst 1st, 1933, but redee:n.:.l.ble <..t t'tce oi)tion of
I
I
after 4ugust 1st. 1923, ftad,
i
I
S. a. lower rate of intere~t can be procured and it is deemed eXJ)eclient an.d advisuble bJ the
)
ered fro. ~ to 30
sa1 d 01 t!6t' IrAY t i
),
. '
,. . ,
~19cr>.P and to the pest interest of said City to redeem and refUnd all of said bonds to-wit: ~30 ,GOo.ao
,radi1iland curbing onds, bei:ne bonds numbered from 1 to 30 both inclusive, and,
I
\'~. the refunding and redee:ning of said grf.l.ding and curbing bonds, b;)r the issuance and salo
:pf retuzull~ bonds -,ttll be of materiel advantage ani 'benefit to said cit~T and t118 taxpayers thereof,
HOW TaEREFORE BE n? ORDAIl1ED BY TIJE Ih\.YOR AND CITY COUnCIL OF THE CI'iY OF REZ3r?G, 1:;)~~~O:
SECTION 1. That ptlrsuant to and by virtue ot the provisions contained in said bonds and 1..:ond
Ord1nanoi. No.1 '1l, the 1layor and City Council of said C1 ty of Rexburg, Idaho, have elected und does hEH'8'0:r el set
to call tor redernption and to payoff, redeem and refund all of said. bonds, to-wit :$30,000.00 grading m:d
curbing bonds, dated 'l.l1cust Is t, 1913, oehlg bonds numbered from 1 to 30 both inclusive, of t:16 denomiuL.. tion of
-'
....._~'--""
Un" ~ ~ ___"
- - -.,
------ ---C='7 - .----.-..-0'
$1,000.00 each, at tileir face or par value 011 the 1st daJ of '.ovemlJer, .ti. D. 19.23, with accrued intel'ost to sdd
1st day of :jovember, ,,:... D. 1923, and all of' said bonds be 8o:ld tl,~T are JeereD:.' called fDr redemption on that date
and t~le same v.1.11 be redeemed a"'1.d paid for at the 0 ffice of the Oi t;! '::'reasurer of Rexburg, Idaho.
SEC'i:IOH 2. ~hat, 1):, virtue of aY!d in pursuance of CLapter 170 of Title 32, Ida.~o Comr)ilod Statute
C)
1919, for the purpose of refunding, redeemiuES ~")d discharESing saicl bonded il1deotedness represented b~T naid gTad
ing and curbing bonds nULlbered from 1 to 30 inclusive, D.:lloullting in the aeeregate to the sum of '30,000.00 pay-
able on the first day of AUGUst il.. D. 1933, but redeeLa'ble at t~'.El OlJtion of 3dd City at any tir::e after ll1li:,:ust
1st, 1923, thereshal1 oe issued the ref"..mding'bonds of said Cit:r of P-exburg, to the mnount of TLirty Thousand
Dollars (:::30,000.00) for the purpose of ref'uriding the said ~:hirt:r ':'housand Dollars ($30,OOO.aO) erading and
o
curbing bonds, issued by said City, dated ,AUGUSt 1st, 1913, m1l:ibered from 1 to 30 both inclusive.
1 SEen OE 3. I'lld sa id ref", ding be UCes. he re by all tho ri zed sh all be dut ed the 1 s t do Y of IT ov ember. J
I ". n. 1923. sholl be ,'ne a,~d pay.b1 e on the firs t day 0 f :.;ove".ber. A. D. 1943, ,md redeemable a t the option of
I
:1
,
the City at any tLnc .dter ten ;years from the clate thereof and shall be~,r interest at tile rate of five and three...
quarters per cent (5-~~~) per annum, payable se:ni-annunlly on the first clLL~'S of Jo.nuar;' o.nd cTu1y in euch ;,1ear;
1
:?O inclusive, and the principal and interest shall be pDyable at the office of the Cit:r 1'::''ef;.surer of the City ot,
,
:8.exburg, or at tlfe Guaranty Trust ~omp8IlY of !Tew York in lliew York City, IT. Y. at the option of the holder. Tlle i
interest shall be represented by oqupons attached, to eael] bond, el1.e11 coul)on representing pa;yIOOnt of interest
upon the bond to "mich it fs attached. Said bonds shall be signed by the lIayor, attested b~T the CHy Cle rk ;:md
countersigned by tile City Treasurer and shall bear the seal of said City; and the ooupons thereto 8ttached shall
bear the original or fae-simile si8Ilat1ire at the City Treasurer.
33cnON 4. That said bonds and coupons shall be in substantially the following forms to-wit:
r':)
d
(Form of Bond)
Eo.
M nCIP~ .:J~m~::ING ~JNDING
BOND 01 THECI!i~;f~URG.
SERIES or lrotrEnmER jst, 1923
1:::0'.1 ..LL ~\1illr BY THE E PRESElfTS:
$1,000.00.
':'i.at the City of' Re burg, in the County of l!adison, State of Idaho, tor value received, aoknow-
ledges itself indebted and hereby romises to pay to the bearer hereof the sum of ONE THOUSil.J::D DOLLA3S($1,000.OO}
in L,,;ful l"oney of the United Stat.s at .L'OOrica, on the first day ot NC7V'embe:r, il.. D. 1943, with interest thereon
at the rate of five and three-quarters per centum (52~) per annum, trom date until plid, payable semi-annually
on the first day of Janua:ry and th, first day Of;~July in each year, both principal and interest being p1\Yable at
the office of the Ci ty Treasurer i* Rexburg, Idaho, or at the Guaranty Trust Oompany or New York in Ney York
City, 1;. Y., at the option of the 401der, upon presen~tion and surrender of the annexed coupons as they respec-
tively become due. . ,
The said City reserves the right, however, to redeem this bond at any time af'ter ten years from
:" . its date, according to law, w1d in case this bond is called for redemption, notice thereof shall be given by
\t(publication in a newspaper pub1isl~,d in and of general circulation in said City of Rexburg, and in a fi114D.oh.l
~7!".gournal published in and of general circu1a tion in raw York 01 tlJ, once a weel-c for two consecutive weeks prior to
.:~t'the date fixed for redelllption and a.fter such notice, interest upon this bond from and after the said date of
.. redemption slall ce",se.
J
r;:his bond is issued by said Oi ty for the purpose of ref1.mding and redeemine alike amount of the
v<...1id o'J.tstallllillC;fJOllded indebtedness of said Oity and 1s one of a series of thirt;~ (30) bonds of like date and
u:::oun t, Lu.:::iJ81'od fro!:! Olle (l) to thirty (30) inclusive, a.n.d by virtue of and in full conformity and cOY",pli&.nce
wi Ll tlle l;rovisions of Cl1L.pter 170 of ~itle 32, Idaho Compiled Statutes, 1919, and of the Constitution and Laws
of tIle ,:.itate of Idaho, a..'1d in pur suance of an ordinanoe of said Oi ty duly a.dopted, approved and made a la.w of'
sai Q Oi t~ .l:rior to the i ssua:nce hereof.
It is hereby certified, reoited and declared that every require.r:lElllt of law r~lating :to t:le issue
lH"reof ~:as been duly complied wi th" and tl1at fr..:.is bond m:(' Le bonded indebtedness so refunded, purcllased and
l'eaeer:;6d hereby are wi thin evo!"'J debt 1 imit prescribed by law and the Constitution, that the indebtedness of the
Gi ty 1.1,-,S not 'beer.. increased by the issue hereof, mld that provision ha.s been dul;y made for the collection of an
~'1nual tax to pay tl~ interest on this bond as it falls due, and a.lso to constitute a sinking ~1d for Ule pay-
;r;e:lt ci the principal tbereof vd. thin the tiIlil required by lo.w.
(~
'~.
-- ~. ~ .,'-............-...'~
~
:s
~
- ~ - - - ~- - - - - - - - - -7 - - ~.,
- . - - - - -- - ~,
<-:I /
QEO.D.~IIIN"ItD .fA.CO., IT.LOUII
""
--
-,
1
1\ Ilr ~ESTI:1,:O:;Y ',iHEllliOF, +;t.e City af :1exbure; he.s caused thds bom ta 00 sicned 0/ its :::ayo1",
'I by t.he City Clerlt <:.:c.d cOlmtersiened by tl:;.e City ~reusurer, tile seal of said City <:i.ffixed and t~'G coupons
uttached to be signed with the fac-sir,ila signature of the City Treasurer, the fL'st Clu.~r of lTove:nber, A.
I,
.1
i
II
1
II
II
I
1. Y. "RIGBY
Attest:
l~or.
GEOaGS
~. LILJEiiQlJIS~'
Ci ty Ole tk.
Countersigned:
1
~
'1
1J
Otto
:8. LiIJenQ-uist
Ci t'<J 'J:reasurer.
{SEAL )
(For:n of first coupons)
J "0. 0 fr~ the firs t d"" C f J an ""'^J, .. 0 ~ 0 H 24., tLe C itJ of :tex bu re, b ,",e S to to 0 f Iu..,,,,, will ~:::8 oj
to L.e 'Jearer ._creof tl.e sure: of ::ine und 58/100 Doll....rs ($9.58) in lasrflu :noney of the United 3ta. tas of tl.T:erica.'1
:...t tLe office of the Cit;.' ''':':::easnrel' in ~1o;.:bul'l.;, Ida~,o, or at tLe GuarantJ '.L'rust CCH:Trk,n~r of ~;ew York in the City,
of ~:ew tork, h. Y., ut the C'lJtiOll of tho 1~ohl0r lJeil~s interest tllen clue 011 Hs Gr...ding wld Curbing Refunding .
J' .:Jond, dated lIovember 1st, .... D. 1923. '
~
Bond ~o. .
(F<:.c-s LnBe s ienuture }
Ci t~. ':':c'easurer.
{.
(Form of otllel' Ccu,i)ons up to July 1 st, 1943)
~ No.
1
.
$28.75.
,j
'l!,
~
On t..l'.l'S f'r t ' r 0 ~ January 11 19 the
~ :I. s (~u;; 1 July .t........ _,
to tile oeare r Lereof t:le sum of Tv!enty-Eit;ht uud 75/100 :Dollars
..~merica, at tile office of '~~le Ci tJ Traa.surer ~c:J. Rexbu.rg, Idaho,
the City of Hew York, H. Y., at tile opt~i)n of tile holder, be-ine
Curbing R.efundi11g Bond dated Hoveuber l1'st, ).. ~. 1923.
Bond No.. "
II
tFac-shdle sir'TI<.i.tu~'c)
Oi t:" r=reaG'clrer.
01 t~T of Rex1Jllrg, in the 3ta te (I f' Ic1a.Lo, wi 11 lJaY
($2B.75) in J awful money of the United Stutes of
or at the Guarml tJ ~r1A::;t COffiIXlll:,r of ::OW 'York in '
six months interost tl1en due on its Grading and
::;!
'~:'
-.
! I
, I
(.rn of-.l
, P ,
~~lS.l 7.
,
~
f
,~.
:J~
, 110.
.
4',
On he day of November t A.. D. i t ';}3e; ty of Rexburg, in t1'e State or Idaho, ':Jil1 1\<.J.;Y
to t~le bearer hereof the. sum of Nineteen and 1,/100 Dollars tt19.17) in lawfl.11 ;;1011E;~.. of tho Unit8u 3tates 0,::
~rica, at the off! e of the City '1reasul'er ip. Rexburg, ldahQ. or at the G-uurw1t~. '.::'rust CompaJ1Y of :~.;'. YorK in
tile City of l'l'ew York H. Y., at the option of fheholder, D!lng interest then due 011 its Grading antl':'Afuing
~~:,~~~g bond, dAt: Uov'!lllber 1st, A'~~O .192l,
':1
'fj
1 ~' :
(Fuc-si~:]ile sip,'nature)
Oi ty Treasur.er.
..~\ ;"~'
C~~h;:,'T ,
<~. ",j"::'.;..
\'
I
. I
I i
Th re shall a1&0 be erd~rsedl ~n ea.ch at sa 14 bonq. the following:
I, t ·
Tt5mt! ION OElTIFlCATE ; ,.;~t~
Th undersigned, the d!Il11y eleeted., qualified am acting Cit;.,r Clerk of tIle Cit;; of ':~txl)U,rg, . V',..~!:;.
Idaho, :ae..re.. ,.bY oertit es that ~he wi thl~...', bpnd h~' . been duly regi stered in his office in a publ ic rocord Dook k~l?~;.j. .;.,'
for that .~ose in, 1 compliance wi ~h the .OVislons of Seotion 4117, Idaho Compiled Statutes, 1 S19 .'~~.~:.~
i ' 1-"-. I ".-' ,! "~!J
,I ' t':
, In IITNESS YlHEREOF, w~t. niSS 14r....banU $nd the official seal of the City of Rexburg, lcw.ilO, tl1is .
daV! Of t 4. D.I.192S. .
('. . I
I
1
,,,
. i.. ;....13
"J.'~I
' "i ~
Ci ty Clerk.
(SEAL )
I
I
I
!
SE9!rlON 5.
The interest falling due on said bonds on Jan'Wtl"'Y 1st, 1924, and Jul;.,r let, 1':"':1,
--..,
~
,
shall be paid out of tM general fUnd of said Oi t? and for the purpose of reimbursing said genol'u fund fer t?lO
payment of sai d interest and. 1:n order to rai se the necessary 'ttlnds wi th vfuich to pay the interest f2.11 in!' Cue on
January 1st, 1925 and July 1st, 1925, and to create D. sinking f'u.1XJ. for the p~ment of the princillJ of s:...ili bonds
thel'e.shall be levied on all -taxable property vdthin suid City, in addition to all other taxes D. direct t~,...: in tl:..e
year 1924, sufficient to produce the S'1llli of ~4375.00, 'ueine interest ~28?5.00 a'1d slnkiIl[' ftind~lGGO.::O.' .-1ld
there""fter in order to raise t~le necess['.r'.:' flmds to .D"'; t"~n interest p<;rcents as the;/ beco;;.,; r;.,..C c__,( t.) crs:...to
a sin:;dng fund for t?;e ultimate redemfticll 0," SD.id bOids, t~Jcre 3},-a.111.c. le-.ried all all t.:.::....-;lc !Jo_c:dJ \dtll~n
,~
"-""'" ....~...... .~. --_. ~.,- - - -, ----.,
'---- ---c:;;:Il
- - - - -- ,. c:;;:Il
s~id Cit~r in ;.;.ddition to all other taxes ~ direct <.m~1ULi.l t""x L;. cacll oi; 1::."8 ~76ars 19.25 to 19,n lJot!. il1cl~~i7c,
sufficient to lJroduce t!le sum of $3223.00 in ecch of s~.ic1 years, oeLe' b tc l'0Gtj1725.00 and cL:dn;' i'und
:~1500 . vO, e~cf ;lo::..r, ~n.d },:1
the year 194;r2, ~ufficicmt to
'1' oC r.c U
~
L.G S'.1:'l of :)3800.00, "cleini~ h1i ,,",~!3::,t
j~~OO.GO
'J
and sinjdnc fl':l1ld .~1500.00.
Sulcl t;.;.JWS wClen coJlected 81181 'jQ Ul)lJljscl solel:r to tLe l!llrpose of }J".~rinc t~18 inter
est und :;?rincipal of s~j d 'bonds resllectivel~T ~uHl for no otl:el~ llU!'}:)OSe ,"lwtevor, lmtil tIle indelJtedne~1s ::;0 con-
tracted UTldel~ t:ds ordinance, principal D.nd bterest, "h211 h!3'.'lU 'bee'1 f'ull~r r:" id, "'9.t~sfied crc1 disc:1Ei.rced.
SECTIon 6. It shall be, tIle dt.1.t~r of ":l_e Ci tJ Ccmci1 of sDid Cit~., (J1d H18;T a~e rpro;JY l'e:::.1.irod,
.
c;.ymual1y, at tIle tima und in the L;<Ulller :::rcvided b~7 Inn fo'!' t~\e 18V~'i1:::-: of otIe:' Cit~' tc.xes, to '!'Ltif;j ,;:,d C'.'!'!"
.~~
out tlle l)rovisions hereof with reference +.c tIle JevyL'l€; of tc;;.::r:es :J.no. retp:dnc t:le off~c""r~ of .::..rc1 for said City
i to levy, extend a..'Yld collect snell tuxes in t:'"e 111;)Jm'J~' l:;j~o'.r~(~(; 't:' 1:.7/, fo~' t. c :"::ln~..?o8e of creating ::;;. fu~::C. ::'c.;1' 1Le
pa~:;lellt of t:lO interest Cifon and t:1E: )rincipa1 of so.id b011([s lec]~>e sa:i.u tuxes v,'Len collected ::;'[..11 ~)e ~rCl tf;)
,:,,".r1 <.:.1')lieu Olll~T to tl1t;; p~'~'TnGnt of ~<:..id intere,~t :,..LU prillci_"u of' s<:..icl bonds, aSloreillbefo;'e specified, ;r;.:tt
l10tliing llerCill cOllt;.;.L1eo. 21lull be so constrl~ed a2 to ::;revent ::'C-.icl Ci
.~nl"C~J al)pl~i:tll:~~' 2.:!lJ 0 t:::.8J." :7illl(~S t~,;.l.... t Il~Y
v
~
,
bel
J
r
in the Ci t~. ';.'.L'e.....sury, allli available for tJlklt :"'Ul"..)oso to "}:.E) IlC-.:";;;ent (:f ~;~dd i1'.tc:l'est end :prine il?~l as Lie s;;.me
resllecthrel;;- ::l~ture, and tile levy o=-~ levies ".e:'ei:l .,,,~'oviu.el1 for Ll4.<.Y t:cel'eupon to that c:tent DC c~Ldllis~;ed, ,..,^(l
li:JOl1 tl~.:; lX).~r:;nent of the principal of any of tlle bO:1Cis 'L;CLWtl Lere'Lll:Jer 1::: saiel :'.J.a:.mer
"r 1J~.r t:lC:'
~
"I~;e of' t1:e sir.k-"
ing :ruml ::81'ein provided for, the l~~r .or levies lle:"ein )l'0vitlinc- flJ r' t::e PU;:,";:1:lnt of inte:'ost: ;;;."y 1,0 L::.c e::tcl^. t
0: te il:terost of LG bor-ds so paill, be di:ninished.
.;~~C~LIO:: 7. ,,1.11 ordin::-,!'.'18S I'.m parts of ordina,nces of t;,e City of Rex[Jurg i., conflict d L tl.i:3
o!'~1:inal:ce l.:: ".n;,: .J~rt tlle;'eof, are tlereb~r l"Ollea1ed.
S..::CS:I Oli 8. ~his ordinance shall talee effect 4nd be i~ full force H:r.cl effect fro::. ,'1:;1d &.fter its
)':"ss:;;~e, i;'J.J,Q'c7.:..1 ;..,;:d d1le :ublication and shall be irrepealaqle until the 1ndebtedn~ss llereb~r cre""ted 31-:311 h~ve
)
UeGll fully J.~id <.4nd sat isfied.
I....S3E:.G ;;,.~'::..; "..PE10VBD I this
<lay or .
r
. Jlil!
.....~....ll...i................tr.'...
r~::';,),-i. :.:
t/:':'.' .,'i
\. .!: "
, A. D. 1923.
"
,;
'"
f:~.ii..~. .~
.,' or.
.
At'test:
~. ~4f~. -':fA'A:-t...e.L
;';! J;lerk.
, .'
.
'"
(..)~)
t
.,. .
ORl)Ili.A~E HO.' 287.
9-
"....., OJ:.JL.t1.~'C..:.. L1lNl:Jli:;G ?on ';';:J~ .tllllfui.L .!'.:iT?OF?Iil'nmT OF TEl:: CITY OF ~EXBURG IN
r:::c::. 3':"__':;": 0:2 I~":iO ..1'::1) F<E ':iEl~ ..rl?::lOEUA~IOn 'l'O '-'~3 SBVl:2AL JG;:J.3 il.:nr'FlJ:.U'OSlill
......~~:IJ.:,~} [,t~~~.. ?I3Ciiol Yl~l, lS2.1, .::..l'::O :~J-~I2::[G ~.:.x.IE~rY 70? C::::::'lUj., I'~~CJES ...l~]) L'::,,-y
"J:
}
,.. '..,_. r''::23JT 0:, 30l,Dill; I:;})...:3r,:Li.L:~::";S FO:.1 ~1i-*I]) CI'i'Y. ,
,.)~ If'. ~'TIL.l2:.:.::..o "',]'.1 the ::a~ror and City COL:ucil of t:Je Cit:l of TIe:.:_uure:
S.:.C~ lOK 1. Tlw. t the revenue of tIle City of TIe:clj"u:::"C' in tI10 3ta te of Idal:.o, for t:le fisc8 "ear 1924,
foll C'"Ll", to-y/i t:
()l
l.el'iveQ~ro;h ~;:ie taxes levied for said yea.r a.re },e!'eb~l ul'l?ropriated to tIie several f'mds and in several .:..mounts
Interest on City Bonds ............................07500.00
Pi re DeI>fJ.rtrnent ................................... 758.00
Sprinlcle r Flmd ...................................... 2900.00
Balance in General Ex-.fl011Se ?und, ....FfJl..o::b18.tel;r .... 11500.00
\:t:.
~\.."..<-.,..,"_.-------------
~
'tt.:'"_
"~-