HomeMy WebLinkAbout1926-10-25city council minutesyO 7
fl
I II
I
I
COUNCIL CHAMBERS, OCTOBER 25Th, 1926.
Tine Council met in regular seseion,pures.ant to adjournment, on October 25th, 1926 at
9 P.M with Mayor Saley, presiding, Councilmen, Conley, Dutton, Kimbrough, Mumford, Mcconnel,
and W solar, present.
C unoilman Mumford, Chairman pf the F4nance Committee submitted a report as to the conditions
of the securities deposited by the City Lepositoriea as security for City Funds. Be stated that
he examined such seoaritiea and found the on a eposit with the County Auditor of
canyon County, pledged by the Pirst National hank of Caldwell; Trust Receipt issued by the
Continental National Bank of "alt Lake City, Utah, for ten $1000.00, Notus -Parma Righway
Distr of Bonds, dated Ooj;ober 1, 1925, numbered, 46,47,48,49, 50, 51, 52, 53, 54, and 55, with
coupons attacbed beginning with coupons maturing July tat, 1926; -. - -- 010,000.00; Three Trust
receipts issued by the Continental National Bank of Salt Lake City, Utah, for United States
Seconq Liberty Loan Bonds, numbered 000079753,000071188, and E00080620, in the sums of $6000.00
each; and Trust Receipt issued by the same "ank for :10,000.00 Third Liberty Loan Bond No.114316;
025,0 O.COTota1,$35,000.00,and pledged by the Caldwell State Bank of Caldwell, the following:
Trust Oveeipt issued by the First National bank of Idaho of Boiee,Idaho, covering one United
State Second Liberty Loan Bond No.000123438, in the sum of ,$10,000.00;$10,000.00; and one United
State Third Liberty Loan Bond No. 51016, in the Bum of 05000.00; Total, 015,000.00.
T ereupon Councilman Mumford presented the following Resolution , numbered 43A, and moved its
adopt on, as follows to -wit:
A RESOLUTION IN COMPLIANCE ¢dITH THE PROVISIONS OF CHAPTER 256, LAWS OF 1921, OF THELTATE OF
IDAHO AS AMENDED BY CHAPTER 45, LAWS OF 1925,OF THE STATE OF IDAHO, RELATING TO THE DEPOSITS OF
MIINIC PAL FUME.
WHEREAS, HERETOFORE, The First National bank of Caldwell Idaho, and Caldwell ' Bank, have
been iesignated by the Uayor and City Council of the City of Caldwell, Idaho, as depositories of
the fLuds, belonging to the City of Caldwell, and such banks have heretofore deposited certain
scour lea, to secure said deposits; and
WIEFMAS, The First mational Bank of Caldwell, Idaho, has on deposit with the County Auditor
of Ca you County, Trustbes m ertificates for securities aggregating in amount, the total sum of
035,0 0;00, as securities for deposites of said City; and the C aldwell it-to Bank has on deposit
with said 'County Auditor united - 6aes Liberty Bond and 4 'rustees C ertifioate for United States Libw
Bonds aggregating in amount, the total sum of $15,000.00, as security 8or deposits of said 'City;
and,
scour
BE
abd t:
Caldw,
depos:
and L
excel
offioE
City
time I
s.
And it E
mKis, the Finance Committee of the City Council has examined into the sufficiency of said
Ise and has found the same sufficient; therefore
:T RESOLVED by the Mayor and Council of the City of Caldwell:
Section 1: That the First National Dank of Caldwell, Idaho,and the Caldwell State bank. be
-same are hereby continued as depositories of the fords belonging to the City of
L,Idaho, and the City Treasurer of the City of Caldwell, is hereby authorized to keepon
in the First National Bask of Caldwell, Idaho, not to exceed the sum of $60,000.00,
hereby authorized to keep on deposit in the Caldwell State lank of Caldwell, Idaho, not to
the sum of 030,000.00; of the funds coming into the hands of the Treasurer by vibhue of his
provided, however, that all times such depoeitorsee shall keep on deposit with the
easurer securities sufficient to protect the deposits carried by such depositories, from
time, as provided by law.
tion 2. That the securities pledged by said depoeitorsee and in the possession ; of the
of Canyon county, and under the custody and control of the city Treasurer, having been '
laves gated by the France Committee of the City Council of Caldwell, and found sufficient, ere.
hereb declared to be sufficient securities now on depobot in said llepoeitories. as
follows:
AYES: CONLEY, DUTTON, KINBROUGH, BUIdb'ORD, MO CONNEL, AND MISELER.
NAYES AND ABSENT: NONE.
Whereupon the ''ayor decalred the motion carried and Resolution No. 43A adapted, and 6 iracted
the Clerk 4o record the same upon the journal of proceedings of the Couno_I, as a part of the
minutes of this meeting; and thereupon the Mayor and Clerk, in open session of the CounclL duly
signed and approved said Resolution.
It was voted on motion of iiumford, seconded by Kimbrough, that the Treasurers quartezLy report
ending Sept. 30th, 1926 be approved as follove to -wit:
FOND
BAL.JULY 1ST
RECEIPTS
contemplated by the provisions of the State Depository Law, as defined in Chaoter 256 of
the
IST, 1926.
Laws of 1921,of the -t ate of Idaho, as amended by Chapter 45,Laws of 1925, of the State
of Idaho.
14617.SD
Section 3, That the City clerk of the City of Caldwell is hereby authorized and directed
10,954.15
to give notice in writing to the 'Treasurer of the City of Ualdweil, of the maximun sum
ioh the
569.41
Treasurer of the City of Caldwell shall keep on depoiit in the depositories herein desig
ted
)
as required in Section 16, of Chapter 256,Laws of 1921 of the State of Idaho, as amended
y Section
1168.26
4 of Chapter 45, Lwas of 1925, of the State of Idaho.
837.28
Section4. That the City Treasurer of the City of Caldwell is h3 reby directed to requ
I
a said
6163.67
depositories to deposit a ditional eecurtitdse from time to time, so that at all tines there
shall
be in the possession of the City Treasurer or under his custody or control, securities d
osited
1600.51
by such depositories sufficient. at all times to secure the deposits of said City as requ
ed by law.
Section 5. That the City Treasurer of the City of Caldwell, is hereby authorized and
directed
2091.62
to deposit with the County Auditor of Canyon Comity, such certificates as may from time to
time
)
come into his possessions ow finder his custody and contro as security for the depoett of
eubdo
1030.01
of said City of Caldwell.
(1092.4
¢
The motion for the adoption of said " esolution was duly seconded by Conley, the quo
ion
20.00
being "SHALL THE RESOLUTION PASS? The "ayor directed the Clerk to call the roll, which r
ulted as
follows:
AYES: CONLEY, DUTTON, KINBROUGH, BUIdb'ORD, MO CONNEL, AND MISELER.
NAYES AND ABSENT: NONE.
Whereupon the ''ayor decalred the motion carried and Resolution No. 43A adapted, and 6 iracted
the Clerk 4o record the same upon the journal of proceedings of the Couno_I, as a part of the
minutes of this meeting; and thereupon the Mayor and Clerk, in open session of the CounclL duly
signed and approved said Resolution.
It was voted on motion of iiumford, seconded by Kimbrough, that the Treasurers quartezLy report
ending Sept. 30th, 1926 be approved as follove to -wit:
FOND
BAL.JULY 1ST
RECEIPTS
PAID OUT
BAL.00T
IST, 1926.
GENERAL
2653.49
14617.SD
6316.03
10,954.15
ROAD
2504.23
569.41
4364.74
(1311.1
)
CBM'BBRY
776.42
1168.26
1106.40
837.28
WATER WORKS
8177.92
6163.67
12041.59
2300.00
LIBRARY
(329.68)
1600.51
1160.44
110.39
SPHINELING
(2027.28)
2091.62
1720.77
(1656.4
)
PARK
(1681.69)
1030.01
440.76
(1092.4
¢
DIST.28
96.25
20.00
116.25
BOND INTEREST
1135.00
214795
6385.06
(3100.1
)
PER. ORMSBY
6777.24
185.00
6962.24
OEM. ]DOT PERP.CARE
6417.85
320.00
6737.85
'
W.W. #2
6000.00
6000.00
W.W.M2.
9687.43
6000.00
9626.61
6061.82
FUNDING NO.2
8506.20
6993.80
7000.00
8500.00
G1. Pay. #3
247.19
795.37
1042.56
L.I.D. 2
4791.06
4257.98
7170.55
1878.48
L.I.D. 3
(9.58)
1308.46
192.50
1106.38
L.I.D}4
1163.70
725.30
1157.50
751.50
SEWER #6
(1809.60)
146.89
01662.7
)
Sewer#7
1635.87
493.75
2147.50
(17.88)
Sewer 8
428.07
171.46
540.58
58.95
Sewer 9
(2777.85)
914.43
1300.53
(3163.9
)
Sewer #10
(375.35)
144.64
350.00
(580.71
STREET LIGHTS
(958.54)
2000.66
2075.70
(1033.5
)
IRRt; ATION
(1846.65)
4950.00
2322.04
781.91
BRIDGE
120.56
1261.39
1381.95
-- -- - --- ------ �o.rr�.aa Jiva
It was voted on motion of Dutton, seconded by Wheeler, hhaa]t� -the Council adjourn.
CITY CLERK.