HomeMy WebLinkAboutORD 10701
BILL NO. 14
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ORDINANCE NO. 1070
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BY COUNCILMAN URRISON
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AN ORDINANCE CALLING AN ELECTION FOR THE PURPOSE OF SUBMITTING TO
THE QUALIFIED ELECTORS OF THE CITY OF CALDWELL, IDAHO, WHO ARE TAX -
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PAYERS, THE PROPOSITION OF THE ISSUANCE OF $ GENERAL
OBLIGATION LIBRARY BONDS OF SAID CITY, AND PROVIDING FOR THE
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ISSUANCE OF SUCH BONDS IN THE EVENT THEY ARE VOTED AT SUCH ELECTION.
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WHEREAS, the construction and furnishing of a public
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building for use as a municipal public library, and the acquisition
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of a building site therefor, is considered by the City Council of
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the City of Caldwell to be necessary and essential to the health
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and well -being of the inhabitants of said city; and
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WHEREAS, said city does not have funds available to pay
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the cost of the foregoing and has determined it advisable to
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finance such cost through the issuance of the bonds of the city
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pursuant to the provisions of Chapter 28 of Title 50 of the Idaho
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Code, and in order to do so desires to provide for the holding of
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the election required by said chapter; and
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WHEREAS, this City Council has, by Ordinance Number 1069,
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adopted this day, called an election for ley 10, 1966 to determine
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the issuance of $168,425.00 General Obligation Fire Station Bonds
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and it is desired to hold the election on the aforementioned bonds
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for library purposes at the same time and places as the election on
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the bonds for fire station purposes;
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NOW, THEREFORE, BE IT ORDAINED By the M yor and City
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Council of the City of Caldwell, Canyon County, Idaho, as follows:
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Section 1. That a special election is hereby called to
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be held in the City of Caldwell on May 10, 1966 at the same time
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and places as the election called by this City Council on the
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issuance of $168 General Obligation Fire Station Bonds pur-
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suant to Ordinance Number 1069 this day adopted, for the purpose
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of submitting to the qualified electors of said city who are tax-
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payers of said city the following proposition:
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QUESTION: Shall the City of Caldwell, Idaho,
issue and sell its negotiable coupon general
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obligation bonds to the amount of $231,575.00,
for the purpose of providing funds with which
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to construct and furnish a public building for
use as a municipal public library, and to acquire
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a building site therefor, in and for said city,
as more fully provided in Ordinance Number 1070
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adopted on March 30, 1966?
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Section 2. That the polls at said election shall open
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at the hour of 12:00 o'clock Noon and remain open continuously
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until the hour of 8:00 o'clock P. M. and then close. Said election
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shall be held at the polling places specified in the form of elec-
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tion notice set out in Section 4 of said Ordinance Number 1069.
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Section 3. That all persons who at the time of the
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election are qualified electors of the city and who are taxpayers
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thereof, properly registered and possessing the qualificiations of
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residents, shall be qualified to vote at said election, and that
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the ballots to be used at said election shall be in substantially
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the form set out in Section 3 of said Ordinance Number 1069 calling
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an election on said General Obligation Fire Station Bonds.
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Section 4. That notice of said election shall be given
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as provided in Section 4 of said Ordinance Number 1069.
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Section 5. That if at said bond election two - thirds of
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the qualified electors of the city who are taxpayers of the city
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voting thereat assent to the issuance of said General Obligation
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Fire Station Bonds, such bonds of the city shall be issued as here -
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inabove provided and shall mature over a period commencing at the
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expiration of one Year from their date and ending twenty years from
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their date, and shall bear interest at a rate or rates not in excess
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of six per cent 0%) per annum, and shall be payable in accordance
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with the provisions of Section 50 -2811, Idaho Code and the Municipal
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Bond Law of Idaho.
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Section 6. That the persons named in Section 6 of said
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Ordinance Number 1069 are hereby appointed to act as judges and
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clerks and constables of said election.
ATTEST: r ,
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Section 7. That said bonds shall be issued if carried
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as aforesaid, and payment shall be made through the levy of taxes
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on all taxable property in the City of Caldwell, beginning with the
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year 1966 and continuing until principal and interest shall have
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been fully paid, in such amounts and at such rates as are necessary
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to assure the prompt payment of such principal and interest, and
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it is hereby ordered that such taxes shall be levied annually at
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the time and in the manner the general taxes for said city are
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levied in each such year, in addition to all other authorized taxes
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and assessments. The proper officer or officers of said city are
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hereby authorized and directed to do all things requisite and nec-
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essary to carry out the provisions of this section and to apply
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the proceeds of the taxes so collected to the payment of such
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principal and interest.
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ed
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Section S. That all ordinances or parts thereof in con -
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f lict herewith are, to the extent of such conflict, hereby repealed,
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and that this ordinance shall be published in one issue of The News -I
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Tribune, the official journal of said city, and shall take effect
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and be in full force immediately upon its passage, approval and
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publication.
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Adopted and approved M rch 30, 1966.
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