HomeMy WebLinkAbout1955-11-07L,Ieridian Cit Iia t;I
!Jt
n ]/{. D.S
ned !x
ay
"t+
oute .be.
the 1 ShUrX_Dept _
at the c on-
D , Hughqs-, _
IE uested that
as s on as
0
00.00
si-s.the Cit), to
h Te'Asia-tjfliTy
11
)
000.
depi-
I
250Iy
i-rent
0
C
Yea;
Yea ;
Pl-trran ,-Yea. -
1!lqy es , _Yea._ _
E r !'that
cial meet ing
me before
ervision
ot and in
!x re for
d to qd4qv--
ct
on S
!
Meet 1 by t he Mr V,.
Rav l PttCounc
Mlnut
Bil I
called to orde
resent: W
s of Previous ae
or read ahe Ma
i lmen
I E-I(
ory4,-
tiag r ead
ette fror
CD
.-t-he
Don I(. Store
T.E. McGoldri ck
elld Sppr-ryed.- -
thq Hlg!ryay !a
o I
a rtnet
o-
S1
tlon was &ade b B rv Re v !i.
the u
P-b-e
nq qh
infor.
of th
rt
ah
ilr
eted
a ye
bhe f
or, nent.i.o
esabilit
assed. o
:!e--qijv
of bhe
gry_,ucs
CIerk wa
he Ma
otI n p
ng*!49![
ort
loc
o]1
Ixough,
Board. C
r
possi
rna
v
o rne
bhe rn
bo be
orl ng t h.e r e-
ar., Fs prnloscd tr
provl4ing r. .c
,MqGq_I_Qr.-r1rk,
to write a lett
enq t-q reques!
ne Summers, E.V
e R. -tj . Schweser
nsumption be ccm
sabi.Iity r epor t
s,eld Business sur
!0.00 Ifaximum onation clause whicfoi _then i.f suces
0
end. seconded b
er be tabled tiII
,vtcGo id
ion Passed.Brown,
dlan lrrigation D
fuI
ke
ii
S
Ir
d
v
e ov
1 at
v
aspick,
akin over the
a
esen$wn, Ie E 1Io
req
Ye
-][am
-328
CaI
ruct
,e4!
to Yf
att
as C
eIeciatrrvall
nt in
iv ed-
800.
L{ay
ngin
Mer
II
;io
5
1t
t
1an
&sl
ins
lnut
sent
edt
rt
Ass
nes
sC
res
,ll*
w. i)
as
dat
anp
he
OI
a o
&
Io
I
ES
ltl s were opened f
1, llowland, Hay--HesIdenc,es &- B
d & Burk: Cont a i
n, TEfguson-6 gar'
. Ilof fmann & Char
tion was made b
tter of hlrlng a
uncil to tllscuss
. Davenpov ira n
e-s bhv e1a1te
u
ohn
of the
caIIed. at
an Barker
uara
a later
bhe Cr
lere.
l{ampa
bhe wt
C
o o
eus
s.
)E t
heIot. fron this am
i mp r qv_i_ng t he Le
p-fqm'the rest can
l-C re2t+p
unt
irit
ttr e rdwel
50,
and
c
naI
Ca
ti
eid.
ter used. in the a
l-
He stated that i
te
erse
he
the rate is 5.50
of a dl tch
1
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I
Report of Treasurer of Meridlan.
0ctober, 1955.
Gen81 Water
25419.50 5956.88L225.86 1.703.54 819.55
Roport of Treesurer of Merld.lan.
October, 1955.
Bank Genrl lYater Flre Band St.Otl.
25419.60 5956.88 1225.86 1705.54 819.35Bal. Fwd.$56132. 88
Rcpt s .6.6663.22 1206.62 2129.90 5.34 2.67 10.68
Bank
Bal.Fwd.$56192.88
Total 39496.10Disb. 5359.68
351.65 678.50
L1b.Recr.
t70e.2t 830.03
351.65
2.67
354.32
6',l8.50
685.6426625.92
5011.56
8066.78
307.t2
L292.20
4L.oo
Bal-anco 36136.42 23614.36 7759.66 1188.20 1?06.21 850.03 354.32 683. 64
I
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i
I
2.
//- ?-55-
o r epor t
tna that!-r.
e nl arg ement
ea.
or the
1ow p1e c es
h sufflcient
S elrlle_I3€.A
v
2
2
2
- &rolnf,-
-,,
. --
49.00,
?l+,5O -2t+.50
2t+,50__
2l+. 50
)D_-69_2D.65
260 .00
2
t2
i2
2
5 4.88)9,29 _
24.50
22.O 5_
2
2
245.a9
2A r--4-8.-..20 .)
8.00.,
-qr29-8.83 .
I
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z
olfal
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5
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22.O5
2
,
was
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ani igation district b u&ne(Att(rrI1€ X
t next Council ra
tion was msde b
back
n
the
HeII.
yor the
I{o toft
caII on
ret in
rr chi
o,4 p
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es s ed.,
lla
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M
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r the
over to the City
es and seconaletl b
o sep uD some
Ii{cGb1d-fiCk,
Brown
Ye
Yea;
pra
orrrn[n, of Eloffnan &i ske pr(senteal the tent a t VE Ians
6ie Lines and
ere it would
s eme nt
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5 5 Gr ant_l--55 Roger L. W
=15-,4&e h:te..-Per1-55 Eugene L.
L-55 Ray Provr
L-55 Merid.ian ?
EarI I s Aut
l-55 Meridian H
Gus IIl chol
Idaho Conc
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I
_HeEE))rq__rd_
q ca t tr'or
Stovat f:e y Hatof Me
Grant L.
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Steve J.
Herald J
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Par
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heryldia
n
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t
nd expensive to
t.tre--p_id s cculd !e
Mayor Ge
0ounoilnan -.GeCouncllman Ge
Councllrnan Ge
& rude,e -Qe
4t torrrcJ Geire Chlef f'1
s Assrt Supt Ge
t er_42, QQ__GeIrgrater 27.aA Gener'a
elatsl_7,45. i-'irenerel 4.18 Flre
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Merid.lan C
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e
iL-55 Ls&As oha I t Comoanv
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The Lleridl
Hell1ge, I
Idaho St at
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General 1.80 F
gat-len-D-Lat.
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Geo
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n was m6de bv W D
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Fr.nnk DahlstrOor---1
Ip present Lhe ,Eor
rletalIs, pnd ndvI
Pltr
- Maye
iec--t
leyl
loca€
-Passr
}ndin{
)posal
hhp C(
l{cGoIdrl ck,
Iep+esenistLre
. -The -QLty- attor
lnCl I-.6j.Pt q
Yea
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HI UTES CF A REGULAE I.I]UIING CF THE
t.A*o -.-+l
EAYCB Al'D COJT.ICIL 0F TH5 'iTT CF [.:A]DI AN, ADA
ccuryIy, rDAHO, HELD ulr lloYEllBDn ? , L955,aL
7:00_ otCLoCKrP.LI.
The Uayor and Council of lhe CiLy of }leridianr Ada Cormt,yr ldahc, met in regular
neeLing on November 7 , 1955, aL 7:00 orcLock, PJ:., EL Lhe regular meebing place
of said Council in lhe ClLy I{aII, i,here beJ.ng presenb upon roII call the follorr-ine, con-
slitutlng a cuorun and a majority of Nhe CiLy Councilr viz:
Donald ii. Siorey l{ayor
Bill lJ! oon )
)i[. Dean l{ayes )) Uembers of C ouncil
Terry ltcGoldrick )
Ray PiLLrEn i
)
Herald J. Cox City Clerk, was also present
Abseni:
The neeting being ce IIed to 01693 by lhe 1leyor, Councilman Pi tman moved
bhe adoption of bhe f ollor 5lg Re-.s1p1ion, *hich noLion r.ras seconded by louncilnan
Brown , and upon an ;',f0 and l[AY voLe duly had and recorded, as ado.lt,ed
by t,he unani-mous voLe of all :".,embers cf the Ccuncil present eb srid neetinq, viz:
Counc i}aan Br osn
Counci Lnan Mayes
C oun-.r ilman Lf cGol-Crick
Counci.i-man PiLLnan
voted
voLed
voLed
voLed
I';,YEtr
rr _l YEtr
lr I.YF
x AYEI
wLth no tmLes "N.,iY'r rhich Resolution nas, and is as f olloyus:
BESOLUT IOII
I '.'Il$iX;1S, due reLurns of ell vobes cast at 55s Specia I i'imicipal sond Eleciion held
riLnirr Lhe City of leridian, Idaho, cn :iugusL 10, L955, ior t,he pur:ose stated i-n 0rdinantc.
No.J{, passed and approved ;ugusl l, L955, hate been d,:Iy nade and cerLified to Lhe Clr l
and Oity Council of lhe CiLy of }ieridianr Idaho, and let,urns of sr id elecbion have been i
duly nade unLo Lhe said CiLy Council in all respecLs as re uired by law; and Lhe Clerk
and CiLy Council have heretofofe exar.ined and canva;:sed said votes and saiC relurns, aad
it a-opears that seid elecLion r;,s ordeled and has 5cen notice'l and held in aIl resoecLs
-1-
. .,':
|,1
.1
ri
,
in confornity fiiLh Ia$, and ihaL there have been cast, upon said euestion and Proposrt,ioa
of the lssuance of Bevenue Bonds ijl the amounL of noL rnore than i2"tr000.00,56
vctes, of r:hich '.'oles i-n the number of 5I7 have been cast IN F.1.rIOR 0F Lhe issuance of
said Revenue Bonds il Lhe foregoing anlunL, and voles in Lhe number of 45 have heen cast
IGiINST t.he issuance of said P'e'renue Donds and None votes liere spoiled and not
counLed, and that nore lhan ',r;o-ihirds of Lhe voLes casL aL said elecLioa y.ere IN F-'riOR
OF the forenoing tevenue Bond Issuer and Lhat ihe Propos-Lion of Lhe issaance of bhe fore-
going Revenue Bonds have been duly r::Lified and approved by Lhe r-ual.ified elecLors of
sald City voLiag ab said etreclion;
NOr'{, THB"EFCRE, IT Is hEREBY EESOLVED .ND DECL,eU} by t,he City Couneil of sei-d City
of Meridian, Idaho, ihat Lhe f oregoi-ng ProposiLion of iss:ing Revenue Bonds i-n Lhe prlnci-
pal aeounb of not more lhan 12?5r0C0.00, for Lhe purpose sialed i-a said Ordi:ran"e IIo. 74
of sald City, has Seen adopted, aooroved and raLified by Lhe .ualified elecLors of seid
C:ty, .s required by Lhe ConsLituLion and Laws of Lhe Stete of Idaho and ihe Ordinances
of the City of Meridian, Idaho.
AND IT IS FL-IRT IER nISOLiiED .'llD 0R DP,ED that said bonds sha 1I be issued f or Lhe
foregoi-ng purpose and in accordance rith the provisions of Ord jna nce No. 74 of said CiLy
and Lhe subse-uent Ordinances and Resolutions of Lhis CiLy Council adopLed in conf orm-ily
iherewith; and Lhe Clerk and CiLy Council are hereby auLhorized and ordered io do aII
Lhings necessary for Lhe prep;raLion, execuLion and issuance of said bonds in accordance
uith Lhe ResoluLion, or Resolutions, a$ardjng the same, rnon Lhe sale thei'eof, and thaL
the same may be sold as provided and auLhorized by law.
(u{D or nESoLUTroli)
v o f trier 1an,aho
ci Clerk
(Impress SeaI of CiLy here)
Thereupon bhe followilg BesoluLion was irtroduced by CounciLman Mayes
and aL lhe direcblon of Lhe lGyor v;as read in fuII by +-he Clerk, sr:id Resolution being
as follolis:
-2-
_ td(
ow
t
.r..r.:
asYaI{
RESOLUTION
',illl-'c"E;5, Lhe cua Iif ied eLectors of the CiLy of L'.eridianr Ida hor have heretof ore
authorized the issuance of Revenue Sonds of the Ciiy cf ].ieridianr ldaho, in the orilcipa I
a&ounl of $275r000.0C for the purpose siated in Orrlinanee lilo. 74 of said City, passed and
aporoved Augusb 3r 1955, and it is deemed advisable by ihe Meyor and CiLy Council of said
CiLy aL Lhis t, ime lo issue the ii2?5rCO0.00 of bonds thus authorized aL a special eLecLion
held wiLhin said City on iugust jA, L955i
N0'rl, TI&.F'EFOEE, Lhe Mayor anri Council ol Lhe Ciby of ileridianr ldaho, do hereoy order
and resolve as follcns::
I. ThaL Lhere shall rre sold and issued aL tr,is Lfure Revenue 3onds of the City of
Meridian, Id.:hor in Lhe ar: cunt of i275rO0O.0O, '';hich said bonds shaII be deLed 0cLober I,
1955, or on lhe first day of any succeedj-rlg monLh as nay be determined aJ' the l,{ayor and
Council and the Durchaser subseou.ent to Lhe sale Lhereof,
2. That Lhe Cill, Corrncil rqse:ves Lhe riSht Lo redeem any or aJI bonds of said rond
issue maLuring on 0ctober flirsL in each of the years 1965 to 1979, bot,h and all years i-n-
clusive, a.e3regating -iL74r0O0.CO, on;ny interest pa;rrnent dat,e on or after Octocer l, L965,
and any and aII bonds of sa jd bond issue maLuri-ng on 0cLober firsL in t,he year l$80, algre-
gating $401000.00, on sny inLerest oayment date on or 6fter OcLober first 1958, in the
inverse order of bhe nur,rbering of said bonds, highesl nu.rnbers first, upon and afier prior
publicaLion of nolice of the intenti.on to redeem any of said bonds by publicaLion of such
noiice ai least once in a ns!,rs Da per of general circulali-on in said CiLy, said publicaLion
Lo be at leasL LhirLy (30) ary" prj-or t,o Lhe cale of inLended redemption, and by mailing
noLice of said caII at said Ljme Lo Lhe purchaser, or purchasers, of said bonds, and upon
the daLe fixed for redemplion inieresL upon ihe bonCs thus called for redemoLion shall
cease io accrue. In Lhe event the bonds are daLed subseeuent io OcLober l, 1955t t-\,en t
and in bhat event, Lhe rnonth of Lhe years in "'hich fhe b c,nds may be redeemed shall be
changed to agree uith Lhe mont,h of daLing of bonds Ce+-ernrined uron by Lhe Council and
Lhe purghaser.
3. Thet Lh€ Notiee of SaIe of Lhe ioreqoing Revenue Bonds of t2"5r000.00 shall be
in substanLially the following form, vi-:
-3-
NOITCE 15 HF,ESY GIYEN by Lhe Mayor and Counc il of th6 CiLy of Meridian, Ada CouaLy, Idaho,of the intenbion to sell Sewer Revenue tsonds of said CiLy in ihe anount ot i27 5,NO.OO, here-
Lofore authorized at a special election held in sald CiLy on AugusL )O, L955t for Lhe purpose
of acc uirilg funds to pay Lhe cost of Lhe acquisiLion and construction of a Serage Treatment
Plant and trwrk and IaLeraI sevrers, pursuant bo tho pro,;isions of Ordjlance No. 74 of said
CiLy, passed and approved by bhe Mayor and Council of said CiLy on tiugus t 31 1955.
Said bonds sha IL be dated 0cLober l, 1955, or on the f irst day of any succe€diag aonLh as raay
be deternined by Lhe Mayor and Council and Lhe purchaser subseouent Lo Lhe saLe thereof, shall
bear a rale of interest of not in excess of four and one-half per cenLum ( tt*tr) pet annun, pay-
able seni-annually, and shaIl rur: for a period of Lwenty-five (25) years fr6n daLe of is$re,
shall be of Lhe d enonirra L ion of dtOO0.OO eech, ad shell mature and b€ payable as follows:
S5000.00 in €ach of Lhe years I95? ard I95S; ii6O0O.O0 in each of the years 1959 and 1960;
$?000.00 irr each of Lhe yeals 196I and 1962; $8000.00 in each of the years L963 and l95l+i
$9000.00 iI eaeh of Lhe years 1955 and 1956; ;101000.00 in each of Lhe years 196? and 1968;
$ILr000.00 in each of the years 1969 and 1970; {i12r000.00 jn each of Lhe years I97L and 1972;
$131000.00 in each of Lhe years 19 73 and 1974; SI4,0C0.0C in each of Lhe years L975 and L976;
r1i15r000.00 in each of th€ yeers L977, 1978 and L979 t and i/+0r000.00 in Lhe year l!80.
The Mayor and Cily Courlcil o1 16s CiLX of iaeridiaar Idaho, reserve bhe righl io rede€B aqy oraII bonds of said bond issue ma buring on Octo!:er first in each of Lhe years 1966 Lo L979,
both and all years inclusive, aggregating $t?4rOOo.OO, on any int,eresL pa yrnent daLe on or
afLer October firsL, 1p6!, and any and aIL bonds of said bond issue naburing on October
first in lhe year 1!80, aggregating ;i40r000.00, on any interest paymenL date on or afber
Ociober first, 1958. The foregoiag redemptrons are in ihe invetse order of bhe nunberjng of_---
said bonds, hiehest nunbers fi.rsL, upon and after prior publicaLion of ncLice of Lhe inLen--
Lion t,o redeen any of said bonds by publieation of such noLice aL Ieast once in a nexspaper
of general circulabion i.n said UiLyr aL least Lhirty (30) Oays prior to the dateof inLend ed
tedenption.
NOTICE OF SA1N CF SEi,ItrR BEVEJ.]IIE tsONDS OF
THE CIIY Or iffi,IDIAN, ID}.HO, 0F ,{,275,OOO.
The principal and LoLerest of the foregoing boads are payable aL the office of the City
Tteasurer in ueridian, Idaho, or aL Boise, rdahor if said bonds are sold to th6 SLate of
Idaho, or at, the fiscal agency of the SLate of ldaho, ln the CiLy and SLabe of Nen Yorkr
or at sone oiher bank or Lrusb company j.n Lhe State of Jdahc, es nay be designated by the
pErchaser and bho CiLy at Lhe tjltre of sale.
None of said bonds sha LL be sol-d for less bhan par and accrued j-nterest Lo daLe of delivery.
Sealed bids for said 'oonds ale reouesled and reouired. Bidders Lherefor shall submit sealed
wriLten bids specify5lg:
(a) ttre lo*est rai.e of inreresL and premium, if any above par, at Ehich bhe biddetwill purchase such bonds, or
(U) ttre lowesi rate of in'r,er,est ;L r';hich lhe bidderrii II pu,rchase sueh bonds at par,
and eaeh such oid (except any bid lrhich nay .e recrived frorn lhe iiate of ldaho, or iLs
DepartnenL of lublic Investments) is re::iled Lo )e accornpanied by a Cashierrs Check or a
Ceitified uheck nade payable bo Lhe Cily of iieridian, idahor ln an amtunt eoualling fi-'re
per cenL (5,q of the amount of any such bid
Cashierrs Check or CerLified r,heck or cash
upon the purchase of sa jd bonds, as provide
as amended by SecL:-on I of Chapter 1aJ of th
AI1 bids nus t sLate effective inLerest rale and toLal inLerest cosL to Lhe City of i,ieridian,
Idaho.
, or by a cash deposiL in like anounL, rn:hieh such
deposit shall be reLurned or fodfeited or applied
d by Section 57-2L6 ot Nhe ldaho codd of 194.71
e Session Lews of Idaho of 1951.
Sealed bids for said bonds
the office of Lhe Clerk tur
$ill be received by Lhe Clerk of said uiLy and by said CiLyr at
the City llall in said CiLyr eL any Li:ne prior lo J iQO ot clock,
-E -n'City Ha
on Mondav
1I ab ove-IpecIfied,
neet in public meetj-ng for
for and for the ourpose of
t,he 5th day of fooeoDor, I955r-at v;hich tlne and in Lhe
the reg,ul'ar neeli-ag pLace of said Councilr the said Council niII
the purpose of considering any bids uhich nay be received there-
ararding such bonds or rejecljng any ard aII bids Lh6refor.
-l+-
ber f3e iimdxi, iisda tols'IsdJ a'rshbiE . bs':iri:,e: bns beiaeroEt er6 abroc bii,a to1 abi:i bcisgS
:gniqlicgoa abid neJJits
:,;bbiC erl:i dcjdr.r J r., rlsq svod6 Xna ti .nuime'rc bog Ja:,:e,jfl-i to s-re: Jaer,ol edT (r)
10 ralood dcr,a eesdctrq IIir
rii i Jr ahnce dc.uz eaerictlg -iI ir, tsblid ed; dcidi? Js $ao':erJli to sts'r Jassol sdT (c)
';i
The legal apprAuiog opirton 6f ,Bufcham & Blair, trond ettorneys of Spokane, ifashington, rnill
be furnished ihe successful bidder. lill bids for said bonds shall be uncondiLional. The
Clty of l&ridian, Idaho, will furni.sh printed bonds ready for exeeuLion.
ITAYOR iND CITY CU'NCIL OF IIIE
0ITY OF i,lEnrDIAN, mAHo
BT DONALD M. S"IOREY
ATTEST:
HM,AI,D J. COX
I1.r,ayor
City CLerk
(E$D oF NgrrcE oF sAtE)
-4a-
ior Lo 7
4. That sealed bids for said bonds ln conforniLy xiLh Lhe foregoing NoLice of SaIe niII
be received by the City Clerk and by said CiLy at any ti-me pr :00 o' clock, PJ{.
on Monda Decelnher 5th , L955, and as ororrided In said NoLice of SsIe, and the
Clerk is re"uired to give nolice of the sale of said bonis t.D the St,ate AudiLorr Boiser
Idaho, as recuired by SecLion l(b) or thaptef 262 of Lhe 1927 Session Iens of Idaho, such
NoLice Lo be 4iven noL less than fifLeen (t5) aays rrior to Lhe time fixed for the sale of
said bonds lrr sald liobice.
!. The City Clerk is re"uired hereby to cause publicabion of lhe foreeoirtg Nobice of
SaIe t,o be had in Lhe ueekly newsDaper known 6s ihe ],llRI)Il)tr -TIES, being a legel ners oaper
pr!-nted and published ueekly aL Meridian, Idaho, and of general circuletion uit,hin said
CiLy, and being Lhe official nersoape! of said CiLy, for three (l) consecut,ive teekly publi-
caLions, bhe firsb publicabion v;hereof shall be aL leasL lyrenLy-one (?I) fuII Cays prior Lo
the date fixed ;s Lhe date of s:: i.d sale; and a meeiing of Lhe I'ayor ard Clty Council is
hereby fixed and ordered lor said date and hour, at rhich t,i.me t,he l{apor and Council in
open puolic meeLing in its usual meeLing plece in the City Hall ia l:eridian shall ooen
and consider bids which may be Lendered ior said bonds and will at t,h6t lime arard such
bonds lo Lhe successful purchaser, or il the uncontrolled dlser.etloncf this Council,
shall reJecb any ard all bi-ds Lherefor.
(E,ID cT RESOLI]IICN
r ien, Idah o,
cit er
( Impress Seal of City here)
There upon after consideration of Lhe foregoing Res oluLion its adopiion ras moved by
C oun c i-Lma n Pitman
and Lhe same rras subnlLted bo a uOte of the Ciby Council, and upon an A'E and }tr:t. Y ..,oLe
belng duly had and recorded, the voLe thereon resulLed as foLloxs:
Councilman Broun
Councilman Hayes
Councilman I'cGoldrick
Councilrnan PiLLman
voLed
voted
voted
voLed
ll l\mr!
ll..,v?fl
Ir l vEn
II AYEI'
rlth no voles nEAYx, rhereupon bhe i.,layor declared said ResoluLion i
approval thereof signed his nane eL Lhe end Lhereof, :rhich signlng
under Lhe seal of said Cityr as shonn on said Besolulion.
o be adopLed ind in
s at,Lested by t,he Clerk
Th6re b€iirt -no further 5;siless, upon mobion duly dp, seconded i,n donted unani-nously,
dj ourned .
A h
cit e!k
)(Imoress $eal of CiL yh ere
-5-
t-(
I
l:hich moLion tas seconded by Counc ilman Brorn ,
L'ayol of L:eridian,'Id o \
-
-r.edmo}efi. ysblloM -I
I
-iJ
E
' :' 1i"i'i
Itr r.t N0TICE oF SALE 0f SE',TB EEVENITE B0 ns Of ?H3 CIIY
oF ]:iBp&i}llt mAHO. OF il?r.ooo,oowr'r-
$T$g A$trl1oB Lteridlan, Ideho
Notember I . 1955
SLabe hudiior of Lhc Sbabe of Idaho
Bolse, Idaho
Doar Sir:
PulsuanL to the order of bh. Uayo! and City Council of the City of
Ierldlan, Ada County, Idaho, and pursuant bo eLirtute, I send heretl,th
copy of lhc publlshed nf,otice of Sala of Sgrver Revenue Bonds of the Ctty
of lbridlan, Idaho, of $z?5rooo.oo.,
Plcasc acLnonledgc roecipL of thc eaclosed Notlce at Lhe end of Lhc
Copy of thfu lot,ter sent hereniLh, rernel llag ihe same to Lc by return uaLl.
Vcry Uruly yours,
,Meridian, Idaho
hlLf r;i ION 0F JII,P'I/ICX
IIECEI},I of a copy of the foregolng 'rNobice of SaIe of Serel Revenu Bonda
of Lhe Clty of lleridian, ilal,or of $2751000.00', at Bolse, Idahc, Lhir / ,5,
day of Noveaber, 1955, is h6r"by admlbbed.
-
cl A e
Boisc, Ida ho
?'/7,-4 <--a-*
!{C'IICE 0F sAlfi oP SEIYEB RErE'IIJE BOHDS 0F
T}fi C]TY OF MERIDIITI. IDAfl(-]. OE $2?5.OOO.
I{OTICE IS HmEBf CIVEX bt thc llayor and Council of the City of licridl8n, Ad8 Coonty, ldshot
of thr Latenbloa bo scll Socer Revenue Bonds of sL jd uiiy ln Lhe:ncunt of B?7tr0O0.0O, hc!o-
tolorc elthorkcd at a rpcclal €lccLion held fur sald City ea Au€lErt gOt liJit for thc po!po..
of ac.ufu.iag fundt to pay tho cost of the sequllitlol and const,ruetion of a Seragc Trcatnent
Plant 8rd trunk and IaLeraI lslrerr, pursuaat Lo bhc pr o','isiona of Ordlnsnco No. 7! ol sald
Clty, oassed 8nd approv€d by the Uiyor and Comcll of s61d Clty on ltUnrt 31 1955.
sald bonds shall bc deLed october I, 1955, or on thc first day of any rEcoeedhg ronth as aay
bc dcterninad by bhc l,hyor and Council and Lhc pureheser suboe.'ueat Lo t.ho salo Lhorcof, ehall
bG8! a rst6 of lnLercst of not in exccs! of four and one-hs Lf per centur (Uc) por annurr, par-
.bL B etrl-a nnu I1;, and BheIL rr! fer a period of t enLy-five (25) yearc flor daLe of 184!6,
ghall be of Lhe denoalnsLion of $I000.0O cach, ard shall naturc and bc payeble a! follcltr:
lroo0.0o ln eeoh of thc yoarE I9I7 attd 1956, t6000.0o ill each of th6 Felr I9f aad t95ol
8?OoO. oo l-n each of Lhe ycsrs 1961 and 19621 $6000.00 in each of bh6 FEr. t963 antl 196I+ I
*90OO.0O i.n each of ihc yearr t96, and 1966, $t0r000.00 in each of the Farr 1967 sad 1.958t
tlIrOoO.OO ln each of Lh€ yoars 1959 aill I7I0l 0121000.00 in each of Lhc yoars I97l rhd 19?21
turooo.01) in eaoh of Lha years L97) and I97., SI4r00o.O0 iI each of Lhc yoers L975 ad L9761
tlrrooo.Oo in each of Lhe ycera L977, Lflg aad L!'ll1 and .-4o,0i,-10.i:O in tho year Ip60.
Thc layor and CttJ' Councll of Lhe City of Xeridiaa, Idaho, reserve thc right bo rcdea any or
ell bonds of sa ld baad Lasra natnring on ociober firsL Ln each of Lh€ yesra 1966 to I9?9r
both and all ycarr inclue lve, aggregaLing tl74r000.m, on any lnteresi payn€nt, dab6 oo or
after OcLober f*abe 196) 1 and atry and all bond8 of s;,ld bond issue malurla8 ea Oouab.r
flrgt in the yoar 1980, aggrcgatfug i40r00O.0O, oa any lnLeresL payneat dste sn o! efter
OcLobrr flrrt, Ip!8. ?hc f ccgo3rrg rod€npbion! ar. fur :hc inveroc ordcr of th. attrbcrlig tt
sald bonds, hlghest nu.ubera flrst, upon and aftcr prior publicsLion of noLice of tha lnben-
tlon bo redeer aqy of sald bonds by publ,lcatlon of such noLlce aL lcast oncc in a ncrapap r
of gcncra l eLrculatioa ln sald ulLyr ab leart thlrty (30) daya prlor Lo bhc daLe of Lniondcd
rcdcnptlonr
thc prlncipa I aad lntcrest of thc forogolag bondr are payable ai tho offlce of the Citt
trcearrer tn llerldian, Idahor or et Bolsel Idaho, if sald bonds aro aold bo the SLate of
Idaho, or at, lho fl'ce I og.nc, of bhG SbsLo of ldaho, in t,he City rnd State of llsr lorkr
or at sooe othcr bank or tnrst conpany 1n bhr StaLe of rdaho, aE osy bc dcalgnated by thc
purohacer and thc Clty at thc Llme of sal.
llone of sald bonda sha IL bo sold Jor lcss than par and accrucd lntareat to dat. o! doltrery.
Sealed bids for sald bonds are recuesLed and iequlred. Bldd6r! Lherefor she II gubait lea I6dtrltten bidt rpGcifyln8 r
(a) thc lacet raLe of isLerest and proniul if any aboye par, at tihloh th. blddcrrill prohere ruch bonds, or
(U) fno Irreet rate of inborest at v;hich the bldder rill purchaae suoh boadc ab par,
end oach such bLd (excopb a rgr bid shich ost bo rcceived fron Lh€ Stat6 of ldaho, or ltc
Dtp.rtmal ol Publl,c Inreatoots) 1g reculred to be aceonpanied by a Cerh|rrr Chcok or a
Ccblfied Chcck rsdc psyabb lo the City of lcrldl.anr Idaho, la sa aneutt ..uslti,g fr.ve
pcr ceat ilf) of tho anounL of aay such bid, or by a cash deposib itr llto enounL, ihloh such
Cashlerra Check or Cerbified Chock or cash depolt shall be rcburocd or fafoitci or applted
upon Lh6 purcharo ol seld bonds, ar provldcd by Sectlon 57-2L6 ol the Idahc Cadc of 194?rr! 8Dsndcd by SccLloa I of Chaptcr 4, of bhc Scsslon Laws of Idaho of 19!I.
Al-l bLda qrt sLaLc cffecLl-ve l-af,eresb rate and totsl ilLeresL co.t Lo tho City of llcrldlaa,
Ideho.
Sealed blda for esld bonda nllJ.-bc receivcd by thc Clcrk of sald Clby ad by eatd Cttrr attho offLce of thc Clcrk tr th. Ctty I{a I} ln said City, at aoy bire prlor to ?:OO 6rctoek,
-I_._U. on Mondav , th6 5th day of Decarner t L9j5t ab ;hlch ttno anrl-h tEoClty f,all abovc spcclflcdl Lhe regular neetl-ag plsco of .said CouncLlr thc sald Couneil riIIroct la publlc uecb{ng for tha porpo6e of conaldering any bids uhieh nuy bc recelved there-for 8nd fo! th. purposa of arardLag s[ch bondi or loJ€cifuig any ;nd all bidl therefor.
-4-
to 1fi.
if
1oI
-nr,.'
IIlri
bci:rr;
I
lhc legal approvr.S opinion of Burchan & Blair, b ond atLorney3 pf Spokane, ltarhingtoar rlLL
bc furnlshed bhc cucocssful bldder. AII bids for sald bonds shall- bc uncondltlonal. ?hc
Clty of lbridfunl Idaho, *iII futilsh prinLad bordo ready for exacubion.
IAIOB AXD CltI C C{ffCfL oF IlE
CITf OP XERIDLTI{, IDht{O
ATII']3T:
HMAID .I. COX
BY DO}IAI]} U. STORET
Layor
City CI erk
FoI the fecor6,. of Lhe Citr'- till blartrs in i.fidavit end in llo:re of S.le herDre
executinz A ffid: vii.
ST,i?E OF IIAHO
COIII{IY OF ADA
CITY OF }Im,TDIAN
)
)
)
)
)
I.FFIDAVIT OF :?ILIIiIO CT I'NOITCE OI' SALE OF SE.T.Im,
F"SVE-I.,IL1E BOI{DS OT lllTE CTTY O!' }1M1DI.1-N, ]DAHO, OF
.i275.ooo.oou
IIERALD .r. COX, beine first duly sworn on oalh deposes and s;is: Th::L 're is non,
and at aII Limes nentirned in t,his Affida.rit has bee-, the crrly ^ualified and act,i-ns
Clerk of Lhe City of i&ridian, lds Countyy ldaho; LhaL pursuani Lo the re-uiremenL of
ChapLer 262 of Lhe Session Iews of ldEho of 1927, oase \JL, end by Order of r,he tr{ayor
and CiLy Couneil oi said CiLy, this deponent on frov embet /4, lorr, mail-ed in an
envelope duly a,ldressed and slamped through the Uniled States Posl Cffice at )Ieridian,
Idaho, a true cooy of Lhe foresoins rrlloT ICf 6it :li IE CF :'E iR ltEVJNII:l Ci'l l-r r,J THE 0IfY 0F
l,m.IDI.'.!i, -rD-Hr.-, 0F i:275,000.00, as shonn by Lhe copy artached her,eLr., io Lhe SiaLe
{udiLor of lhe SLete of ldaho, aL Boise, Idaho.
Subscribed and sworn Lo before me Lhis day of Novearboq f955
b orL abe of aho, res
ab trtreri-d ian, Idaho
-( Lryress lr{otarial SeaI here)T
-----.-+
\\
L
\
ll 1'rY ,I ]
NC,IICE IS HEfrEEl oWEX by tho l{ayor ard Councll of uha clt,y of llcrldlan, Adr Countyp ldehop
ol t,h. lnt.nblon to !.11 Sorer Bcvonuo Bond! of said ulby ln lhe a ncunt of .t?71r000.CO, hcrc-
toforo ruthorLr.{ et r .prcful olcotlon hcld ln saLd Clty on AugErt 142 195)t for th. porpota
of e cr.rlrlaS fuadr Lo pay bhr cosL of tlr acculrltloa atrd coasLructlor sf r Slregc Treatmnt
Plaat rrd t;stk ad lelrral ad.r:r, pursuaat to tho provisims of Ord hs acc I{o. 74 cf sald
Ct Ly, ooaaed 8ad approvcd by Lhc l{iyor ard Coqnell ol sa l.d Cit, oa Augut 3, 1951.
3r ld bodr ahatl br datcd 0obobcr l, 1915, or oa Lhs flrst day of srv lfoooedlag lonLh ao uy
be drtrrnlacd by thc llayor aad Councll and Lhr pushassr subre. uoab to thr *lc thcrcof, ahall
beal a retc af l^BLrtrst of not h cxcesr of four and one-helf per contur (tlC) pcr a nnu[, ,lay-tbb scrfll-.no!. !Iy, rad rhr 11 ro! for a pcrlod of tranty-ftrc (21) ycarr flq dsb. cf itsm,.hsll bo of the doiulnr tlon of $I0OO.00 oach, adl rhall aaturc and bc payablc er follrrr
lr0o0,o0 la oroh of thr ycarr I9r7 ald 19561 S6000.00 la caah of Lb ycrrr 1919 rd 19601
t?000.0o la caoh of blre Far! 196I and 1962; $E00O.00 ln eaeh of thc yeerr f96! rnd 196&l
19000.00 1a each of bho yeara 1965 aad 1966y SI0r000,Oo ln each of Lhs Far. 1967 aad 19641
SIII00o.0O la eech of Lh. yesrr 1969 sfit lylOt SI2,0C0.00 ln each of Lh. ycets I97I rhd 19?2I
llrr0o0.00 la csch of thr y!!r! 1973 and 1974, ll4rooo.Co ia each of thG ycr!. l9?5 ard lrl6l
ilrr000.0o tr each of th. y.s!. L977, LYlt snd l7?9r snd i40r000.C0 In tho ycar ltl80.
Thc lleyor end Clty Councll of th6 Clty of L{rlldlan, Idaho, reserrc the rlght Lo r6d€c.n, orrII bonda of sa ld boid L8r. aatsrl nB on octobor first la each of ths yecrr It66 Lo 17791
both ald all yeau lnc lurlvc, a4rcgablng 9I?4r0O0.m, oa ury llt crcst peyrcat dstc oo or
aftcr Ocbober firrtl 19611 end any and all bonds of e;ld bmd lssac natnrlat on OcUobcllrat la th. ,.8r It80, aggrcaatlng t4010O0.m, on sny lntcrcst payncat daf,c on .r .ft r
OcLobcr ft$t, I9rt. lhr f ccgot.ag rcdcopt,imr a!.,.n Lh. lnrcrac ctdor of tO. o-531lrg Df
reld bonda, hlthrlt olrbara flrst, upon and aftar prlor publLestLon of notlco of ths lntcn-tlon bo redeo ary of saLd bonds by prbllcaLlon of guch notioc ab l.sst ooo. ln a ncupepa r
of gon*a I olrculablo la sa ld Uityr at I.8!C thtrty (30) duyr prior t.o Lhr dabo of lnt.od€d
rcdcnptloa.
thc prlnclpr I and latcroat of th. for.golng bondr arc payablc at thc offlcc of the Cit,
Tr€rsur.r 1n llcrldlaar ldahor or at Bolsc, Idaho, lf sald bonds aro cold to thc Sieto of
ldaho, or et tho flrcr l eg.ne, of th€ Stato of Idaho, re t,hc CiLy 8d SLst€ of llcrr forlra at auc oibrr bank or tnrsl conpsny ln thr StsLe of adaho, as aey be darlgmt.d bt t,h.
pnroha E.r tnd th. Clty cb thc t lac ol aala.
l{onc of aald banda rhlU b. sold for lccr Lhrn per ard accrucd lat6,eot to d.t of dcllrery.
Sealrd bldr for reid bordr are re.ucrbod aad rrcqulred. Blddcr therstor shell cubnlt ees Lrdrrlttrn bldr 4cclf,ylagr
(r) ttr larct rate of lntrr€st rnd prca!.u, !.f any aborc p€I, at ;htch thr blddctrllL lrrrhreo ![ob bond6, or
(f) Thr lrort ratc of Lrt r.rt st xhich tho blrrdor rtll prrchaac such botd, ot par,
rod .r oh cuoh bld (uccpt rny bld hhleh m8t bo rccolvcd fror LhG Stato of ldaho, or ltr
Dagmtral d Publto larortcrtr) 1r rcc ulrcd te bc acconpanted by i Crlhl'f ra Choek or aC6t!f!'d Chol rdc plyrbl, Lo tha City of Xcridlanl Idahol in sa anout eour lllag fivo!.t o!!t (Il) of l! a aouat of any such bld, or by a caah depoalt la lltc anouiL, ihlch sueh
Cmhlcrr r Ohrck or Certlflod Check or oaoh dcpll! shell bc roturaad or frfott.d or agplled
Ep6 th. pu.reha'. c( reld bonda, ar provldcd b, SscLlm Jl-2L6 ol tb. Id8ho Codc of I94?rar racndrd by ScoL loa I o! Chapiu 4, ot thc SosrLon Larr of ldaho of 1911.
ALL bldr lr b rbate rffccLlve laLerest rat. ord total llLarest ao.b to th. Clty of lhrldfun,
Idrho.
Soa1cd bldr fsr sald bondcth. offlco of bhr Clerk lnon Mqndqy
rltr b. rccclvcd by th Clcrk of sald Cltt ad b; reld Clty, rtth. Ctty. Ils U lrr sal.d Cilfr at any Lilo pr!.or to 7:00 otcloel,thc 5th da-v otlbcmbei, L9.5t at xhtch t,tnr iIiIE-EFc
bhc mgula r roecLlng ptace of ssid Councllr Lhc seld Councll rlll
thc pu:rpocc of eonaldcrhg any bldr rhieh aat ba r.orlvcd the".-
arar.dlng suoh bonda o! rsJcetlng any and all blda thcrrfor.
&_u.ClUy lla II above speetficd,mci la publlc ucctl.ag for
for rrd for LhG prrpocc of
t-
1a {-!1
a\
'!o
-ncrq
bsfitr
tha L5rl lriro"lag oplnlon of Burchae & Blalrl bord ettornaya of spok n., llechlnStgr, rlll
bc furalgh..l th. suoc.!.frrl blddcr. iiLl btds for a"ld bmdr shall bo uacod ltloor 1. Thr
CIty of !trr'!dlan, Idrhop rlll firnr !-sh pr!.nicd bondr rosdy fo! .xccntlon.
IAYG ^r1
Crl CCm{CII, CP fil
c,ITr 0P EnIUIAf,, IDrHo
l?!85!r
E,rI, J. EOTClt, Clerk
\
Ii
In rcr . ,i. Il : L. f:Y
Ieldlan, Itbho
Noveaber I _ -Lgi,
Stste ,tudlio! of Cha Siatc of Idr ho
BoLs o, fdrho
Dcsr 81rt
Punurat to thc order of thr lrryor rnd Clty Counell of t}c Clty of
Iffldlral lds CoEnty, Idaho, end p,ura,:ent tD ruatul€, I send heralth
cop, ol Lbr pr:blishcd rlotlcc of $alo of Srreir Bcvcnuc Bonds of Uhc elt,
of llcrldlrn, Idehal ol $2?'rolo.co.''
Plorlr .cknonlal ac ''c'lpt of tho Gololld tlotlcc at the ead of thc
Copy of thlr Lti6r s.nu h.rGiLhr $maiIlag thl eanr to b by r.aturn nall.
Ycr.3l Lruly yourr,
Anoil d- Co*
H.!c Id J. CIorldiln, f or, flty Cf.!.F
daho
i
ii:lCl:iT ol s eopy o! thc forcgotrg nlotlcc of Salc of, Scnct Rcvrnu, Ilondr
o3 1,1p CiLr of llcrlclen, ldatro, of S2?5rm'00u, at 3olse, Idaho, Lhlr
drt of Novenbe4 I9'..<r is horaby adnt Ltedr
I
'/-E N"i/"< ^,StaLe .l.,'i.Lor clf LhG .'iLete of Idaho,
Belsc, Id. tD
I