HomeMy WebLinkAbout1925, Jan 22 Payment To City sum of $15271.313>>3 .
The following resolution ryas read to the Council.
RESOLUTI011.
"Rt~SOLVED, THA'i' "~iL~=~f~AS the Fanners and %erchants Bank of Rexburg, Idaho, suspended
nayrtent and closed it's doors vn the 14th day oi' January, 1925, and is now insolvent, and,
~'~KEREAS, at the date of such suspension the said Bank had on deposit of rile funds
of the City of Rexburg, the sum of ;115,271.31, and
'sJHEREAS, prior to such suspension the said Bank furnished to the City of Rexburg a
Depository Bond as required by law for the safe keeping and due payr,ent of such funds,
which said Bond eras duly and regularly approved and filed, and at the date of such sus-
pension was in full force and effect, and is the only security field by the City of Re~cburg
for the payr.ent of said deposit, and,
'fi~rli'!;Ri;AS, the following named persons are the sureties upon said bond,, to-wit;
D?athan Riclcs, Alfred Ricks, J, `,F/. ';°/ebster, J, 5. 'YNebstor, A. I,-i. Carter, H. rte. Poole, L, S.
1Vebster and F, S, Parkinson; and,
'~iE;R AS, there is now due to the City of Rexburg from said farmers and Lierchants
Banlc, the sum of vv15,271,31 besides interest thereon at 3jo per annum from January 3rd, 1925,
id01N '1'H:EREs'ORE IT IS ORDERED by the l;;ayor and City Council '(;hat demand be and the
same is hereby made upon said sureties for the immediate .payment to the City of Rexburg
of the aforesaid sum of y~15,271.31 besides interest thereon at 3ia pcsr annum fra?n January
3rd 1925,
The City Cleric is hereby directed to serve a Copy of thisresolution upon each of
said sureties by registered mail.
Passes and approved this 22nd day of January, 1925."
Thereupon Councilman R. H. Smith moved that .the.resolution be adopted and passed
by the City Council. The motion vras seconded by D. ~:`J. ISelson,
The vote on passage of said Resolution by roll call was as follows;
't'hose voting "Yes"- Councilmen 1Vright, 1:lelson, Archibald, Smith and Taylor,
Those voting "Ido"- Hone.
ldot voting: H. E. Poole.
't'he liiayar then declared tlxat the resolution had been dui. y; passed and directed
the Clerk fo make prcper record ti~erea.f.
( D, Nl. ldelson moved that al]. bills ,properly clteeked and 0 , L' d, be a1 1o~,ved and
paid. :t'he mat ion eras seconded by Peter Taylor and °carried
~ Tre following bills vrere allayed: +
' TJame Fund For Amount .
TTational i::eter Co +`Jatervrorks Fund :.:eters aizd connections ~a71.75 "µ
Utah Power w Light "Co „ '° A/e Pumpliouse 363.25
Thos X, Smith Road 8~ Bridge I+und Labor, 23.44 z
C. A, Sundberg „ ,' ;,abor 10.50 '~'
Rexburg l4iotoI' Go " ,' Suppliss 2.85 2
l;ioses Hendri`eks „ " :Labor 41.36 ~-
Utah ?'otver ~. LigYit Co " Street Lights January 304.37 ''r
'~'Jestern Union 7'e1. Co Genf Expense i+und Time .service to 3/3Q~?5 3.75 `°
Graht~ri Boyle` ridwe Ca " " SupT.~lies 2,00"''
Alvixas ?~lilliams " „ liay fox• ;fire team 3,49
Utah Power F~ Light Co " " a/c City Hall C~: Siren 10 45 °"
Rexburg Journal " " Printing r supplies.. 25 75'"-
Rerburg Fire`Dept " " Servicea 36.00'-'-~
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1.4eeting adjour?'ted. ~
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Attest . a
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Clerk.
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