HomeMy WebLinkAbout1918, June 24Nofm~Jwas held June 19, 1918, and it was postponed to iionday Juno 24,E P.M.
City Hall.
idinutes of the regular meeting of the City Council Iseld June 24, 1918' 8 P. M.
Roll Ca11. Present Flamm, Harris, v"dright, ~d"winter, Arc'rxibald. Absent the
PJiayor and Porter. Pres. Flamm acting as i•.iayor.
'~' '`r`r"`~`r'~~ The finance committee made the follovairig sport: 1PIt appearing that there is
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`~-,~ now on hand to the credit of Local Improvement District rt 9, the sum of p67~.26,
\4~,~~~ we recommmend that warrants issued in payment of wont in this district, and unpe.id
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~~~'~~ at this time, be called for payment up to this amount."
~ °~ It also appears that interest on the bonds issued by this district veil 1
=~ become due July 1, 1918, amounting to 2747.50, and that the money is not
,;~ \ availahle in the fund o£ the district at this time. 6Pe therefore recommend tha t
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the City receive a warrant on the District for the amount of this interest, that
~ ~~~ is 5,2747.50, end that the City issue their own warrant in purchase of Tdew York
~'~~r_r't~ti,,~Draft for amomzt o£ interest, it being understood that the warrant o£ the District
~'~'~~~ in favor o£ the City shall be registered for payment and draw interest at the
legal rate". Reapectfuly submitted,
J. R. '~`Jright p CIZC41.].°man.
P. C. Winter
C. A. Harris
- Committee on Finance.
Moved by Archibald and seconded by ~`7inter that the report of the Finance
Committee be adopted. Carx•iad.
The following resilution was introduced by Flamm: "Whereas it appears
that the first interest payment on Bonds of Local Improvement District r`r 9, was
not prepared in time to be included in the assessment of 1917, with which to meet
the first interest payments on said bonds, it now becomes necessary to provide far
the oollection of said delinquent interest by collecting eighteen months interest
payable January 1, 1919. Therefore,
~• Be It Resolved, that the City Clerk bo and is hereby authar:lzed to certify to
_:~ the Couivty Auditor one®tenth of the Principal ~d eighteen months interest from
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'~ "Jan. 1, 1918, to July 1, 1919."
~~ ~ .~: , The roll call oil the resolution was as follows: Yeas, Flamm, Harris; "~Jright,
~4'dinter, and Archibald. Nays, nova.
f.
` The following is the estimate of the amouxat o£ money necessary for all
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puz°poses to be reisei-Kd in the City of ~~e~burg, Idaho, during the fiscal year
1918, foz° whieiz an ap prapriation is to be made as provided by law;
General Fxt~ense Fund purposes, yT10,000:00
'; Road Fc Bridge Fund purposes, 10,000.00
tiJater GVorks Fu ~d purposes, 8,600.00
~ Interest Fund for City Fronds 3,650.00
l~iiscellaneous Pund 1,150.00
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Total 33,400.00
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The entire revenue of the City of Rexburg during the fiscal year 1917, was
as follow+s:
General Taxes
X17,000.00
Plater YPorks receptt from camsumers 8,600.00
I;iiscellan;>ous collections
7,G90.00