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HomeMy WebLinkAbout1910-06-01city council minutess Wednesday, June 1. Council met in regular session pursuant to adjournment with Mayor Gowen presiding and Councilmen Clark, Farrar, Gartin, Paynter present; Sborb,, CCleerk. The City Engineer reported having had an interview with Manager Dalton of the Poise & Interurban Railway Co., in which Mr Dalton agreed to put the Boise & Interurban on grade just as soon as he could get the men and teams. The Engineer was requested to furnidh the grades and have the track brought to grade. The Street Committee reported a full width bridge necessary on Tenth Avenue over Indian Creek, and the same was referred to the Street Committee and City Engineer to do what was necessary. The City Attorney reported that he could get a date on June 13, 1910, when the Supreme Court agreed to hear the case of the City testing the proceedings of the City Council on the Street Intersectibn bonds. Councilmen Devers and Harris enter during report. A motion was made by Farrar that further proceedings towards taking case up to Supreme Court testing validity of bonds be dropped. The roll being called on $he motion, the vote resulteds Ayes -- Farrar, Cartin--2. Nays -- Clark, Devers, Harris, Paynter - -4. So the motion was lost. The following resolution was introduced by Farrar, "WHEREAS, The Mayor and Council of the City of Caldwell, on the 19th day of July, 1909, passed and approved nrdinanee No. 132 of said City, autporizing the Issue of coupon bonds in the sum of $26,059.78 bearing, Interest at the rate of five per cent per annum, payable semi - annually, with which to defray the expense of grading and paving certain streets and alleys in Improvement District No. 1 of the City of Caldwell, and ordering a special election submitting the question to a vote of the property owners of said city; and WHEREAS, said election was duly Deld on the 8th day of September, 1909, and at said election the question of the issuance of the above described bonds was carried, and thereafter duly offered for sale as prescribed by law; and WHEREAS, no bids were received from a responsible bidder for said bonds at par and accrued interest, and that the reason no such bid was offered for said bonds w was on account of the rate of interest of five per cent per annum being too low; and WHEREAS, it appearing tb the Mayor and Council of the City of Caldwell, that, owing to the condition of the bond market, they are unable to dispose of the said bonds at the present rate of interest; and Ili "I � WHEREAS, it appearing that said bonds can be disposed of at a higher rate of i interest; to-'Wit, not exceeding six per cent per annum; and it further pple aring that said it is to the beet interests of said city to hav% bonds mold at once and the proceeds applied to the purpose of paying the cost of the construction and yang of paving and curbing in Local Improvement District No. 1, as hereafter provided in this ordinance; It is hereby RESOLVED,That another election be held, submitting the question of issuing said bonds at a rate of interest not to exceed six per cent per annum, and the City Attorney be instructed to prepare the necessary ordinances to submit said question to the qualified voters of said 91ty. t: The roll being called on the passage of the resolution, the vote resultedi Ayes -- Clark, Devers, Farrar, Gartin, Harris, Payntsr - -6. Nays and & sent - -0. So the resolution passed. The following resolution was introduced by Paynters I "WHEREAS, The Mayor and Council of the City of Caldwell, Idaho, on the 10th day of January, 1910 passed and approved Ordinance No. 150 of said City, authorizing the issuance of coupAn bonds in the sum of $50,000.00, bearing interest at the rate of five per cent per annum, payable semi - annually, for the purpose providing for the construction and maintenance of additional water works of the City of Caldwell and UUU supplying the some with water as provided in Ordinance Ao. 150, and ordering a special election subditting the question to a vote of the property owners of said city; and WHEREAS, said election was duly held on the 21st day of February, 1910, and at said election the question of the issuance of the above described was carried, and thereafter, said bonds were duly offered for sale as prescribed by law; and WHEREAS, no bide were received from a responsible bidder for said bonds at par and accrued interest, and that the reason no such bide were offered for said bonds wag on account of the rate of interest of five per cent per annum being too low; and WHEREAS, it appearing to the Mayor and Council of the City of Caldwell, that owing to the condition of the bond market, that they are unable to dispose of said bomb at the present rate of interest; and WHEREAS, it appearing that said bonds can be disposed of at a higher rate of Interest, to -wit, not exceeding six per cent per annum; and it further appearing that it is to the beet intereeta of said city to have said bonds gold at once and the proceel applied to the purpose of paying the coat of the construction and maintenance of additional water works and supplying the same with water, as hereafter provided in thhe ordinance; it is hereby RESOLVED, That another election be held, submitting the question of issuing said bonds at a rate of interest not to exceed six per cent per annum, and the City Attorney be instructed to prepare the necessary ordinances to submit said question to the qualified voters of said city. The roll being called on the pasaaSe of the resolution, the vote resulteds Ayes -- Clark, Devers, Farrar, Gartin, Harris, Paynter--6. Nays and absent - -0. So the resolution passed. Bill No. 55 by Farrar, entitled, "An Ordinance declaring the necessity and ad- visability for the issuance, by the City of Caldxe ll, of coupon bonds in the sum of $26,059.78 with which to defray the expense of grading and paving the streets and alleys at intersections within Local Improvement District No. 1, to correspond with like im- provements to be made at the expense of the property abutting the streets and alleys In Local Improvement District No. 1; specifying the number, form, contents, provisions, principal and rate of interest, the manner of making payments of the principal and intereet; providing for annual levies of special taxes for the payment of the interest and to constitute a sinking fund for the payment of the principal thereof, providing for and regulating a special election, submitting the question of the issuance of bonds to a vote of the property owners of the City of Caldue 11, and providing for the publication of = +thb notice of said election ", was read the first time. A motion was made by Harris thbt the rules be suspendsAand the readings on three separate days be dispensed with and that Bill No, 55 be read the second time by title and the third time in full and placed an itd�firal pasegge. The roll being called on the motion, the vote resulted: Ayes -- Clark, Devers, Farrar, Gartin, Harris, Paynter - -6, Nays and absent - -0. So the motion prevailed. Bill No. 55 read second time by title. Bill No. 55 read third time in full and placed on its fhnal passage. On the question, Shall Bill No. 55 pass? the roll being called, the vote resulted+ Ayes -- Clark, Devers , Farrar, Gartin, Harris, Paynter - -6. Nays and absent - -0. So Bill No. 55 passed, becoming Ordinance No. 170. Bill No. 56 by raynter, entitled, "An Ordinance to submit to the qualified electors who are taxpayers of the City of Caldwell, Idaho, the question of issuing coupon bonds of said City for the sum of Fifty Thousand Dollars for the purpose of providing for the construction and maintenance of necessary a dditional water works and supplying the seame with water, and to provide for the payment of the Interest thereon, and to create a sinking fund for the payment of the principal thereof, by the levy of minicipal taxes of the said CLyy of Caldwell, Idaho and repealing Ordinance No. 150, passed on the 10th day of January, 1910, and all other ordinances or parts sof ordinances in conflict with this ordinance ", was read the first time. A motion was made by Gartin that the rules be suspended and the readings on these separate days be dispensed with and that Bill No. 56 be read the second time by title and tle third time in full and placed on its final passage. The roll being called on the motion, the vote resulted, Ayes -- Clark, Devon, Farrar, Gartin, Harris, Paynter--6. Nays and absent - -0. So the motion prevailed. Bill No. 56 read ascend time by title. @ii Bill No. 56 read third time in full and placed on its final passage. On the j-)