304 Special Bond Election
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ORDINANCE NUMBER 304
AN ORDINANCE DIRE;TING SUBJECT TO THE APPROVAL OF THE QUALIFIED ELECTORS OF
THE CITY OF MERIDIAN, IDAHO, THAT \'lATER AND SEWER REVENUE REFUNDING BONDS
OF SAID CITrIN THE AMOUNT OF S2,325,OOO-BE ISSUED; CALLING AN ELECTION FOR
THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF SAID CITY THE PROJ?Q-
SITION OF THE ISSUANCE OF SUCH WATER AND SEWER REVENUE REFUNDING BONDS;
PROVIDING FOR THE ISSUANCE OF SUCH WATER AND SEWER REVENUE REFUNDING BONDS
IN THE EVENT THEY ARE VOTED AT SUCH ELECTION ~
WHEREAS it. is considered by the Mayor and Council to be necessary and
essential to the health and well-being of the inhabitants of the City of
~Ef&~9fn""Idaho! ~hat ~he city issue.and sell an i~sue of it~ Wat~r and Sewer
RevenuarWnds for:thepurpo-se .of - paY1ngall costs J.n connectJ.on WJ. th the
advance refunding of 52,325,000 Water and-Sewer Revenue Bonds of the city now
outstanding, dated October 1, 1975,-and forthe payment of all costs incurred
in accomplishing such advance refunding, and in order to do so desires to
provide 'for the holding of an election as provided by law;
~, THEREFORE, _Be It Ordain~d by the Mayor and Council of the City of
Meridian, Ada C'ounty, Tdaho, as follows::
Section 1. That it is necessary and desirable that the City of Meridian,
Tdaho, issue and sell an issue of its Water and Sewer Revenue Refunding BOnds
for the purpose of paying all costs in connection with the advance refunding
of $2,325,000 Water and Sewer Revenue Bonds of the city now outstanding, dated
October 1,1975, and for the payment of all costs incurred in accomplishing
such refunding, and that subject to the approval thereof by the qualified
electors voting at the special bond election for which provision is hereinafter
made, the Water and Sewer Revenue Refunding Bonds of the City of Meridian shall
be issued, pursuant to the provisions of the Idaho Code in force at the time of
the_ issuance of such Water and Sewer Revenue Refunding Bonds, in the amount of
$2,325,000.00 to pay the principal of and interest on the bonds to be refunded
to and including their dates of maturity or principal redemption in accordance
with the advance refunding plan to be adopted by the City Council, together
with all costsi incurred in accomplishing such refunding.
!i~.2_~ion 2. That a special bond election is hereby called to be held in
the City of Meridian on July 5, 1977, for the purpose of submitting to the
qualified electors of said city the proposition set forth in the form of
ballot appearing in Section 5 hereof. .
Section 3. That the polls at said election shall open at the hour of
l2:00-C;'clock-noon and remain open continuously until the hour of 8:00 o'clock
P.M. and then close. Said election shall be held at the voting place specified
in the form of notice of election set out in Section 8 hereof.
Section 4. That all persons eighteen,,(l8) years of age or older who at
the time of the special bond election are qualified electors of the city,
properly registered and possessing the qualifications of residents, shall :b~-.-
qualified to vote at said election.- ~. :,-_ _
Section 5. That the ballots to be used at said special bond. election" - - '.<"_ ~~:~~
shallbeiilsubstantially the following form: . '...::-:.
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OFFICIAL BALLOT
SPECIAL BOND ELECTION
CITY OF MERIDIAN ,ADA COUN'l'Y,
STATE OF IDAHO
July 5, 1977
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INSTRUCTIONS TO VOTERS: To vote on the following question place a cross (x)
in the square to the right of the words "In favor of issuing water and sewer
revenue refunding bonds for the purposes provided in Ordinance Number 304 or
"Against the issuance of water and sewer revenue refunding bonds for the
purposes provided by Ordinance Number 304", according to the way you desire
to vote on the question. All marks otherwise made are forbidden. All dis-
tinguishing marks are forbidden and make the ballot void. If you, by mistake
or accident, mark, tear, deface, or otherwise mutilate this ballot, return
it to the election judges and obtain another ballot.
QUESTION: Shall the City of Meridian, Idaho, issue and sell its water and
sewer revenue refunding bonds to the amount of $2,325,000 for the purpose of
providing funds with which to pay the principal of and interest on certain
Water and Sewer Revenue Bonds of the City dated October 1, 1975 to be refunded,
to and including their dates of maturity or principal redemption in accordance
with the advance refunding plan to be adopted by the City Council, together
with all costs incurred in accomplishing such refunding, as more fully provided
in Ordinance Number 304 adopted on June 20, 19771
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ORDINANCE NO. 304
IN FAVOR OF ISSUING WATER AND SEWER REVENUE
REFUNDING BONDS FOR THE PURPOSES PROVIDED BY
ORDINANCE NUMBER 304
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AGAINST THE ISSUANCE OF \IATER AND SEWER
REVENUE REFUNDING BONDS FOR THE PURPOSES
PROVIDED BY ORDINANCE NUMBER 304
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The City Clerk shall, in accordance with the proV~s~ons of Section 50-413,
Idaho Code, cause sample ballots to be printed not less than fifteen (15) days
before said special bond election, which sample ballots shall be in the same
form as-the official ballot above set forth, except that such sample ballots
shall have printed thereon the words JlSample Ballot", shall be on paper of a
different color than the official ballots and shall hot be numbered. The
sample ballots shall be-available in the office of the City Clerk to be
furnished to such persons applying therefor to the City Clerk. The City Clerk
shall cause the form of the sample ballot to be published once a week for two
consecutive weeks in the Valley News Times, the official newspaper of the City,
the last publication to be on June 29, 1977.
Section 6. That notice of said special bond election shall be given by
the City Clerk by publication of a notice in substantially the following form
in the official newspaper of the City of Meridian, being the Valley News Times,
a newspaper published ih Meridian, Idaho, and having general circulation
within the City of Meridian, once a week on the same_day of two successive
weeks, which notice shall be in substantially the following form:
NOTICE OF SP:EX::IAL BOND ELECTION
Pursuant to the laws of the state of Idaho and
Ordinance Number 304 of the City of Meridian, County of
Ada, State of Idaho, notice is hereby given that a special
bond election will be held in said city on July 5, 1977,
beginning at the hour of 12:00 o'clock noon and closing
at the hour of 8:00 o'clock P~M. of said day, for the
purpose of taking a vote upon the following question,
to-wi t:
QUESTION: Shall the City of Meridian, Idaho, issue
and sell its water and sewer revenue refunding bonds
to the amount of $2,325,000 for the purpose of
providing funds with which to pay the principal of
and interest on certain Water and Sewer Revenue Bonds
of the City dated October 1, 1975 to be refunded, to
and including their dates of maturity or principal
redemption in accordance with the advance refunding
plan to be adopted by the City Council, together
with all costs incurred in accomplishing such refunding.
as more fully provided in Ordinance Number 304 adopted
on June 20, 19771
Said election shall be held at the following voting place:
VOTING PLACE
Meridian Rural Fire Station
716 Meridian Street
Meridian, Idaho 83642
Notice is further given that only qualified electors of said city,
eighteen (18) years of age or older, bona fide residents thereof, and who are
registered as provided by law are entitled to vote at said election. No
qualified elector who is duly registered asa voter at the last preceding
general municipal election shall be required to register so long as he
remains, or has remained continuously after such registration, a duly qualified
elector of the City of Meridian, but those electors who have failed or neglected
heretofore to vote at any general biennial election in said city or who removed
from the city and remained away for a period of one year (provided they shall
again have resided in~e city as required by law) must reregister.
Herald J. Cox, City Clerk, is ex officio Registrar of said city. The
place of registration is the office of said City Clerk at 728 Meridian Street,
in Meridian, Idaho.
Persons may register on each day at any time during the office hours
of said City Clerk, beginning with the day that the notice of election is
given and continuing until and including the Saturday next preceding the
election, and on Thursday, Friday and Saturday next preceding the election,
persons may register between the hours of 9:00 o'clock A.M. and 5:00 o'clock P.M.
and between the hours of 7:00 o'clock P.M. and 9:00 o'clock P.M.
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ORDINANCE NUMBER 304
The voting at said election shall be by ballot. The ballot to be supplied
the voters for their use at said election shall be in the form set forth in
Ordinance Number 304.
If at said election a majority of the qualified electors voting at such
election assent to the issuance of said bonds for the purposes set forth in
Ordinance Number 304, and designated on the aforesaid ballot; the Water and
Sewer Revenue Refunding Bonds of the city will be issued for the above
described purposes, which bonds, or any issue thereof, will mature annually
over a period commencing at the expiration of nine (9) years from their date
and ending twenty-eight (28) years from their date~ and will bear interest at
a rate or rates not in excess of six and three-fourths per cent (6 3/4%) per annum.
Prior to the application of. the proceeds to be derived from the sale of the
Water and Sewer Revenue.Refunding Bonds, such proceeds, together with other
legally available moneys, may be invested and reinvested as provided by law to
provide funds to pay principal, interest and redemption premiums, if any, due
in connection with the bonds to be refunded or the Water and Sewer Revenue 1- -
Refunding Bonds, or both, in accordance with the advance refunding pl~ to
be adopted by the City--Council. Principal of and-interest onsu:cn Water and
Sewer Revenue Refunding Bonds shall be.payable solely out of and from the income
and earnings derived from such investment of the proceeds of sale of said Water
and Sewer Revenue Refunding Bonds and from the income, earnings and revenues
of the combined municipal water system and sewerage system of the City
(including improvements, betterments and extensions to said combined system
hereafter constructed or acquired) ,-all as to be more fully and particularly
provided and set forth in an ordinance or ordinances to be hereafter adopted
by the Mayor and Council.
The Mayor and Council will meet on July 7, 1977, at the hour of 7:00
o'clock P.M., at the regular meeting place of the Mayor and Council in the
City Hall in the City of Meridian, for the purpose of canvassing the results
of the election. -
Dated at Meridian, Idaho, this 20th day of June, 1977.
Section 7: If at said election a majo ity electors of
the city voting thereat assent to the issuance of said bonds, the Water and
Sewer Revenue Refunding Bonds of the city shall be issued as hereinabove pro-
vided and shall mature and bear interest at not more than the maximum rate or
rates set forth in the foregoing notice of election. Prior to the application
of the proceeds to be derived from the sale of the Water and Sewer Revenue
Refunding Bonds, such proceeds, together with other legally available moneys,
may be invested and reinvested as provided by law to provide funds to pay
principal, interest-and redemption premiums, if any, due in connection with
the bonds to be refunded or the Water and Sewer Revenue Refunding Bonds, or
both, in accordance with the advance refunding plan to be adopted by the City
Council. Principal of and interest on such Water and Sewer Revenue Refunding
Bonds shall be payable solely out of and from the income and earnings derived
from such investment of the proceeds of sale of said Water and Sewer Revenue
Refunding Bonds and from the income, earnings and revenues of the combined
municipal water system and sewerage system of the city (including improvements,
betterments and extensions to said combined system hereafter constructed or
acquired), all as to be more fully and particularly provided and set forth in I-
an ordinance or ordinances to be hereafter adopted by the Mayor and Council.
Such bonds spall not be a debt of the City of Meridian and the city shall not
b~ liable thereon, nor shall they be payable out of any funds other than the
income, earnings and revenue above specified.
Section 8. That the following persons are hereby appointed to act as
judge and as clerks of said election:
._ ELECTION OFFICIALS
Leona Egbert, Judge June Pack, Clerk
Florence Hall, Clerk
Blanche Chipman, Clerk
Monta Watts, Clerk
The City Clerk is directed to notify said appointees of their appointment
within five days of the date hereof.
POLLING PLACE
Meridian Rural Fire Station
ORDINANCE NUMBER 304
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Section 9. That the Mayor and Council shall meet on July 7, 1977,
within five (5) days following said election, at the hour of 7:00 o'clock P.M.,
at the regular meeting place of the Mayor and Council in the City Hall in said
city for the purpose of canvassing the results of the election and thereupon
the re~ult shall be, ~ntered in the minutes of the Clerk and proclaimed as final.
Section 10. That all ordinances or parts thereof in conflict herewith
. are, to the extent of such conflict, hereby repealed, and that this ordinance
'shall be published in one issue of the Valley News Times" the official
newspaper of said city, and shall take effect and be in full force immediately
upon its passage, approval and publication.
~ .Adopted and approved June 20, 1977.
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