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HomeMy WebLinkAboutORD 41164W ORDINANCE NO. /! go& BY A AN ORDINANCE DECLARING THE RUwSULT AND VALIDITY OF THE SPECIAL MUNICIPAL COUPON BOND ELECTION HELD AT THE RESPECTIVE POLLING. PLACES IN THE THREE WARDS IN AND FOR THE CITY OF CALD- WELL IN THE COUNTY OF CANYON, STATE OF IDAHO, OIL TUESDAY, TO- WIT: THE NINTH DAY OF JUNE, A. D., 1925, ,BETWEEN THE HOURS OF NItNE O'CLOCK A. M., AND SEVEN O'CLOCK P. 11; DECLARING AN EMER- GENCY WHEREBY THIS ORDINANCE SHALL TAKE EFFECT AWD BE IN FORCE FROM AND AFTER ITS PASSAGE, APPROVAL AND DUE PUBLICATION. Be it Ordained by the Mayor and Council of the City of Caldwell, in the County of Canyon, in the State of Idaho: Section 1. That in accordance with Ordinance No. 407, of said City, passed and approved May 4th, A. D., 1925, i and thereafter duly ;published, a speeial'municipal . coupon bond election was called and ordered to be held at the respective polling places in each of the three wards in and for said City q on Tuesday, to -grits the 9th day of June, A. D., 1925, 2 , between the hours of 9:00 o'clock a. mr, and 7 :00 o'clock p. M., for the purpose of voting up nn the following question, to -wit: "Shall the ayor and City Council of the City of Caldwell, in the County of Canyon, in the State of Idaho, issue and sell the municipal coupon bonds of said city to an amount aggre ating the principal sum of Forty. -one lars Thousand Dol (141,000.00), for the purpose of improv- ing the streets and alleys and the street and alley inter- sections in said city, said bonds to bear interest at a. rate not exceeding six per Cent (6%), payable semiannually and levy and assess a direct annual ad valorem tax on all the taxable property in said city, sufficient to pay the interest accruing on said bonds promptly when and as the same becomes due, ' and also at the lawful time, a further annual ad valorem tax upon said taxable property sufficiert to constitute and maintain a, sinking fund for the payment of the principal of said bonds within twenty years from issuing the same ?" Sec. 2. That the City Clerk has caused due and suffi- oient evidence of the lawful publication of said Ordinance No. 407 and the notice of election appearing therein, and the proper posting of said notice, to be furnished to this Council, and the said Council has caused the same to be filed for record r l- 0 • MW as & ;dart of the proceedings of said city. Sec. 3. That after due canvassing of the returns of said election as made by the Mayor and Council of said city, it was and is hereby and herewith found, declared and certified that the total number of ballots cast at said election upon said question was as follows: Total number of ballots "In favor of issuing bonds to the amount of Forty - one Thousand Dollars ($41,000.00) for the pur- poses as stated in Ordinance No. 407" - - - - - - - 447 Total number of ballots "Against issuing bonds to the amount of Forty- one Thousand Dollars (641,000.00), for the purposes as stated in Ordinance No. 407" - - 95 Total nursiber of ballots spoiled - - - - - - - - Total number of ballots cast - - - - - - - - - � Majority infavor of bonds - - - - - - - - - - Sec. 4. That the ''special municipal coupon 'bond elec- tion held in and for the City of Caldwell, in the County of Can- yon, in the State of Idaho, on Tuesday, to -wit: the 9th day of. June, A. D., 1925, be and the same is hereby determined and declared to have been duly called, noticed and held in strict compliance with law. Sec. 5. That it be and is hereby certified, recited and warranted that at said election a majority exceeding two - thirds (2/3) of all of the qualified electors who were tax- payers of said city, present and voting at said election voted in favor of issuing Forty -one Thousand Dollars ($41,000.00) municipal coupon street improvement bonds of the city of Caldwell, Canyon County, Idaho; and that the City Treasurer under the gen- eral supervision of the mayor and Council of said city is hereby WE duly authorized and empowered to issue and sell municipal coupon bonds of said city of the character, in the amounts and for the purposes aforesaid. Sec. S. That, whereas, it is necessary for the public peace, health and suety, to immediately enlarge, extend, re- pair, alter and improve the streets and alleys and the street and alley intersections within the City of Caldwell, Idaho, an emergency is hereby and herewith declared to exist, and this Ordinance shall therefore take effect and be in force from and after its passage, approval, and due publication, and shall be thereafter irrepealable until the indebtedness created by the issuance of said 'bonds shall be fully paid, satisfied and dis- charged. Sea. 7. That any and all Ordinances, or parts thereof, in conflict herewith, be and the same are hereby repealed. Passed thislth day of June, A. D., 1 °25. Approved thi�lvh day of June, A. D., 1925.