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HomeMy WebLinkAbout1935-01-29city council minutesThereupon, the Mayor, in the presence of the City Council signed the aceeptanc of said bid, the same was attested by the City Clerk with the seal of the City. The Mayor then announced that the City Council should take up consideration of a resolution which he layed before the Coumcil authorizing the issuance and delivery of said $81,000.00 Refunding Bonds of the said City of Caldwell, dated January 1, 1935 and known as Refunding Bonds, Series 1935,being in the denomination of X1,000 each, Numbers 1 to 81, both numbers inclusive. Much bonds are being sold for the purpose of paying COUNCIL CHAMBERS, J&UELRY 20, 1935. 8:00 P. M. Pursuant to adjournment of the special adAourned meeting of the City Council of the City of Caldwell, Canyon County, State of Idaho held on the 4th day of January, 1935, and pursuant to the adjournment of the regular meeting of said City Council, held on the i,l 7th day of January, 1935, the Mayor and City Council of the City of Caldwell, eanyon County, Idaho met at the hour of 8 otclock p. M, this 29th day of January, 1935 in the Ci y Hall at said City, being the time and place advertised for the opening and consideration of bids by the City Council, on file with the City Clerk pursuant to ¢otiee of sale of 681,000 legally issued direct obligation 4% Refunding Bonds of the said City of Caldwell, dated January 1, 1935 and known as Refunding Bonds, Series 1935. The Mayor, Emery L. Vassar called the meeting to order, and the roll call shove the following present, to -wit: Mayor: Emery L. Vassar. City Clerk: 0. E. Fritts. i Councilmen: Edgar L. Oakes, F. D. Mumford, W. S. Boynton, G. M. Fenrich and W. R. Holling - worth; Absent: G.W. Montgom-r y. ' It appearing there was a quorum of the Council present, the Mayor asked the Cit Clerk if there were any bids on file for the purchase of said bonds, thereupon the City Clerk produced one sealed bid, and was directed by the Mayor that said bids be openedi whereupon the ^bids were opened and read as follows, to -wit: "Bid from Continental National Bank & Trust Company of Salt Lake City, Utah for par and accrued interest for 4% bonds as d@ecribed icfi notice of sale, with cashier's check on the First National Bank of Caldwell, Idaho attached for $4100.00:" After duly considering the said bid, the following motion was made by Councilmai Hollingsworth and seended by Councilmen: Fenrich to -wit: It appears, after due consideration of all the bids offered for the purchase of $81,000.00 Refunding Bonds descried in the notice requesting bids heretofore published by order of the City Council, that there has been one bid filad and after duly consider- ing said bids, it appears that the bid of Continental National Bank & Trust Co., of Salt Lake City, Utah, is a fair and reasonable offer for the purchase of said bonds and is the best bid obtainable, and that it is to the best interest of the City of Caldwell to accept said bid. Now, therefore, be it resolved that the said bid submitted by Continental Natio al i Bank & Trust Co., of Sald Lake City, Utah be, and the same is, hereby accepted and said � bonds are sold to said bidder. Be it further resolved that the Mayor of theCity of Caldwell is hereby authorized to sign the acceptanfe of said bid for and on behalf of the City, and cause said acceptance to be attested by the City Clerk under the seal of the City. ribereupon a roll sell on said motion was ordered by the Mayor and resulted as follows, to -wit: Ayes: Edger L. Oakes, F. D. Mumford, W. S. Boynton, G. M. Fenrich and R. Hollingsworth. Nays: •None. Absent and not voting: G. 17. Montgomery. whereupon, the Mayor declared said motion adopted and that said bid had been accepted and the said bonds sold to Continental National Bank & Trust Co., Salt Lake City Utah. Thereupon, the Mayor, in the presence of the City Council signed the aceeptanc of said bid, the same was attested by the City Clerk with the seal of the City. The Mayor then announced that the City Council should take up consideration of a resolution which he layed before the Coumcil authorizing the issuance and delivery of said $81,000.00 Refunding Bonds of the said City of Caldwell, dated January 1, 1935 and known as Refunding Bonds, Series 1935,being in the denomination of X1,000 each, Numbers 1 to 81, both numbers inclusive. Much bonds are being sold for the purpose of paying ,3-_� I u off a like amount of outstanding legal bonds of the City, as set forth and described in Ordinance 516 passed by the City Council at its special meeting held on the 17th day of December, 1934, beginning at the hour of 8 P. M. of said day. Thereupon, Councilman Oakes moved the adoption of said resolution, which motion was seconded by Councilman Mumford said resolution being as follows, to-wit- RESOLUTION 720 io 9dHEREAS, the City of Caldwell has duly authorized the issuance Of $81,000.00 refunding bonds of said City dated January 1, 1935, in denominations of $1,000.00 each and numbered from 1 to 81, both Inclusive, and AREAS, all ordinances and matters necessary for the issuance of said bonds have been passed, done and fully complied with and said bonds have been prepared under the direction of the proper officers of said City of Caldwell in proper form, as authorized by ordinance No. 516 of said City and have been signed by the Mayor of said City and attested by the signature of the City Clerk of said City and the City Treasurer of said City, all in full compliance with the law and said Ordinance No. 515 of said City, and WHEREAS, said City caused Notice to be given, as required by law, requesting bids for the sale of said bonds, which bids were made, as required by law and opened by the City Council at a session thereof regularly.held on the 29th day of January, 1935, at the hour of 8 o'clock, P. M. and upon opening said bids and full consideration there- of, the bid of Continental National Bank & Trust Co., Salt Lake City, Utah was accepted and said bonds were sold to said bidder, and 3CMREAS, said bonds have been duly registered by the City Clerk, in numerical order, in a permanent public record book kept by him in his said office for that purpose, and sugh registration endorsed on said bonds and signed by the City Clerk, and . r1M1REAS said bonds having been delivered by the City Clerk to the City Treasurer, and his receipt taken therefor, and said City Treasurer having registered the.same in a permanent public record book kept by him in his office for that purpose in the manner provided by law, and the law and the ordinances of the City having been in all respects complied with by the officers of said City in connection witch the execution and registration of said bonds, and the some now being l ready to be delivered to the purchaser thereof: NOSH, THEREFORE, BE IT RESOLVED That the City Treasurer is hereby authorized and directed to deliver said bonds to the said purchaser Continental National Bank & Trust Co., Salt Lake City, Utah, which shall give their receipt therefor and pay to the City Treasurer there- for a sum equal to par and accrued interest for said bonds. That the money so received for said bonds shall b•e immediately deposited by the City Treasurer in the First National Bank of Caldwell, Idaho, in a special, separate fund, apart, the purpose of paying the principal of the following outstanding bonds of said City: $67,000 Refunding Bonds, dated January 1, 1925, due January 1, 1945, and bearing interest at the rate of 5-j% per annum, and numbered 1 to 67, inclusive. 014,000 (being part of a total authorized $25,500) Funding Bonds, dated July 1, 1920, due July 1, 1940, bearing interest at the rate Of 6 % per annum, and numbered 10 to 23 both inclusive: and none of such funds shall he otherwise used until all of such bonds are fully paid, retired, and cancelled. BE IT FURTHER RESOLVED That said First National Bank of Cal.dvell, Idaho is hereby authorized to take from said fund and pay any of said bonds a5presented, and deliver such bonds so paid to the City Treasurer for cancellation and the City Treasurer is hereby authorized and direct- ed to deliver a letter of instructions to the said bank authorizing It to make said payments of the principal of said bonds from said fund, and charge the fund with the same until all of said bonds herein mentioned are fully paid. Said resolution was duly considered and the roll of the Council was ordered called thereon by the Mayor and resulted as follows: Ayes: Edgar L. Oakes, F.D. Mum- ford, 17. S. Boynton, G. M. Fenrich and o7. R. Hollingam rth. Nays: None. Whereupon, the Mayor declared the said resolution duly adopted. Mr. Vassar and Mr. McConnel gave a,.detailed report of the Northwest.Regional Board which met in Seattle, December 12,13,14. It was brought out in the report that the City Planning Board would be recognized Yn the future more than in the past In--A matter in the matter of securing public funds. It was also brought out that the State of Idaho was poorly organized and had not received their portion of goverment funds as compared Witt Washington, Oregon and Montana. There being no further business to come before the Council, it was, on motion duly seconded and carried, declared adjourned. to meet Feb ruar 7th., Mayor CityvCler COUNCIL CHMTER,4,FEBRUARY 4th., 1935, e:OTT77 P. i,. The Regular Monthly Meeting of the City council met in the Council Room of the City Hall, with the Mayor, Emery L. Vassar, presiding. On Roll Call the following Councilmen answered present: Edgar L. Oakes, F. D. Mumford, G. W. Montgomery, G. M. Fenrieh and W. R. Hollingsworth. Absent: W, S, Boynton. The minutes for January 7th, 8th, 21st., 29th, were read and approved as read a with a few corrections. IDs. Wagoner appeared before the Council and stated that he wished to sell the , garbage contract to Mr. Bunt. The Mayor informed Mr. Wagoner that Mr. Hunt would have to appear before the Council at the next regular meeting before the contract could be trans - fered. Mr. J. H. McNeal appeared and asked that a new bridge be constructed across Indian Creek at 11th and Arthur. Moved by Oakes, seconded by Mumford that the City; Engineer and the Road Com- mittee investigate this matter. Motion carried. The City Clerk read an Affidavit of Publication. The Mayor informed the Council that Mr. of Ontario, Oregon, wished to borrow the city crusher; The City attorney in,, "ormed the Mayor and City Council that it was out of the jurisdiction of the city. Moved by'hientgomery, seconded by Hollingsworth that thls request be rejected. &notion carried. The Committee reported to the Council that arrangements had been made for the removal of the McWilliams corral. The Bills for January were read and on notion made by Mumford, seconded by Montgomery that these bills be allowed and Warrants be ordered drawn for the various amounts all of which had been approved by the Chairman of the Finance Committee. Motion carried. Nos. Name What for Amount GENERAL, FUND 1696 E. 4 % Vassar Salary 11.00 1697 Edgar L. Oakes 8.00 1698 W.S. Boynton " 8.00 1699 r. D. Mumford " 8.00 1700 G.W. Montgomery 8.00 1701 G. M. Fenrich " 8.00 1702' W. R. Hollingsworth " 8.00 1703 0. E.Fritta " 50.00 1704 H. E. Parmenter 90.00 1705 Ada I. Hartenbower " 66.15 1705 Mt. States Tel. & Tel. Co., Rental & Toll 5.65 1707 H. E. Parmenter Salary 50.00 1708 Clerk's Cash Revolving `'und Supplies 41.50 1709 Idaho Power Co., " . 51.25 1710 Doyle Fender Salary 140.00 1711 Lionel Krall " 121,50 1712 Coy Collins 112.50 1713 Pete Clasen " 112.50 1714 Mark Maxwell " 4,50 1715 Ordell Royce " 2.00 1716 S. P. Glenn 2.00 1717 Emry Royce " 2.00 1718 Ed Smith " 2.00 1719 Walter Brown 2.00 1720 Bill Baremore 2,00 1721 Wilbur 3huee " 2.00 R A 7.