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HomeMy WebLinkAboutA002 - Proof of publication, April 14, 1962 (Fma.3 .'ram:•�'C.a.� Proof of Publication n The` LEGAL NOTICE AIVIES DAILY TRIBUNE ORDINANCE NO. 1023 it is now necessary to make An ordinance providing for —definite provision relative to the issuance of General payment for said construction Obligation Sewer Bonds in STATE OF IOWA,STORY COUNTY,ss. the sum of $235,000 for the °P storm and sanitary sewers,. such provision having not yet purpose of paying the cost been made; and 1, W79.` �, W. T. Farley on oath depose to that amount, of the con. WHEREAS, notice of hear- and sa struction of sewers in the Y that I am iPisfierS';foreman of the ng on the initiation of" pro City of Ames, Iowa, and for ceedings for the issuance ,of AMES DAILY TRIBUNE, a daily newspaper, providing for an annual levy said bonds has heretofore been printed at Ames, Story County, Iowa; that upon all the taxable prop- given in manner and form as erty in said City sufficient 'required by Section 23;12 of the-, the annexed printed to pay the interest on and 1 ---- --- ---- Code of Iowa; 1958,: and no ' principal of said bonds. petition= nor protest has been.WHEREAS,the City of Ames, filed; now therefore -------------------------------------------- in the County of Story, State IT IS ORDAINED by the City of Iowa, is a municipal cor- Council of the City of Ames, in ------------------------------------- ----- poration under the Mayor-Coun- Story County, Iowa, as follows: was published in said newspaper for _ cil form of government, duly Section 1. That In pursuance _____ incorporated, organized and ex-;of Section 396.22 of the Code fisting under and by virtue of of Iowa, 1958, there are hereby consecutive weeks, the first the laws and constitution- of authorized to be issued Two and the last of said publication was on the the State of Iowa, and not Hundred Thirty-five (235) ne under any special charter or uotiable General Obligation provisions, and has not adopt- Sewer -- --- day of _______________________ ed the Commission form of fonds of said City; Il , bored consecutively from One 19'.'_`-__. government or Manag r forlectionhea council- five 12,35), cl 1 , rty- r^ Manager form �of government five to 3Cwo Hund'ed Thitlie a), inclus / $ , 0 each,.. ---- -r-f-fi - - ---- WHEREAS, said City, pur- paid bonds to be dated the Sworn to before me and subscribe in my suant to and in strict compli. First day of April, 1�62, of presence by 'OW.' -i upe;. W. T. Farley this ante with all laws applicable vhi_ch__ to-:said City, has lawfully or. Z ) i_ day of -- _ _ ____________ dered, and contracted for the construction of sanitary and storm sewers in said City, the cost thereof to be paid to the _(�/C_C l -- ___ Notary Public amount of $235,000 at the.gen- eral expense of.said City, and in and for Story County. Fees, $----_-°--------- Page Five Bo11 nds,numbered consecutive- registered in the name -of the J said City for each of the Six- ly from-' One (1) to .Seventy owner on the books of the-teen (16) consecutive years, (70), inclusive, shall bear in City. Treasurer of said City, 1962 to 1977, both inclusive, terest from and after the date and evidence of such registra- (beginning with the levies of thereof until paid at the rate tion endorsed on the back the year 1962 for collection of Two and.three-fourths Per hereof. Thereafter no transfer during the year 1963, and end- Cent (2?)'%) per annum, of this bond shall be valid ing with the levies of the year Bonds numbered consecutive- unless made on said books 1977 for abllection during the fly from. Seventy-one (71) to and similarly noted hereon, year 1978) sufficient to produce I One HutLdred (100), inclusive, unless the 1 a s t registration the following net annual sums shall bear interest from and shall have been to bearer, in for the respective years for in- after the "date. thereof until which case tranaferability by terest and principal as the same paid' at .the rate of Two and delivery shall be restored. The mature and to create sinking one-half Per Cent (2%%) per registration of this bond shall funds for that purpose, as fol- annum, not affect the negotiability of lows: Bonds-numbered consecutive- the ..coupons hereto attached, For the year 1962 for collec- ly from One Hundred One (101) which shall continue negotiable tion during the year 1963, �to One Hundred•'Sixty (160), by delivery merelyo notwith- sufficient to produce the net inclusive, shall bear .interest standing the registration here- annual sum of $20,411.00; from and after the date there- of. For the year 1963 for collet:. of until paid at the rate of And It Is Hereby Certified tion . during the year 1964, Two and -three-fourths Per and Recited: That all acts, sufficient to produce the net Cent (2%%),per annum, conditions and things required annual sum of $21,300.00; -.Bonds numbered consecutive- by the laws and constitution For the year 1964 for col- ly -from One Hundred Sixty- of, the. State of Iowa, to exist, lection during the year 1965', One (161) to Two Hundred to be had, to be done and to sufficient to produce the net Thirty-five. (235), -lucluslve, be performed precedent to and, annual sum of $20,888.00; > shall bear interest from and in the issue of this bond, were For the year i965 for col- after the date thereof until and have been properly exist-, paid at the rate of Three Per ent, had, done and performed lection during the year 1966, Cent (3 ) per annum, sufficient to produce the net in regular and due form- and annual sum of $20,475.00; said interest payable on the time as required by law; -that First day of November, 1962, provision has been made for For the year 19,66 for col- and semi-annnally thereafter on the levy of a sufficient con= lection during the year 1967. the First day of May and No. tinuing annual tax on all the sufficient to produce the net vember in' each year, such taxable property within said annual sum of $20,063.00; interest to be evidenced` by City for the prompt payment For the .year 1967 for col. negotiable coupons attached to of the principal and interest lection during the year 1968, each bond; both prinicipal and of this bond as the same will sufficient to produce the net Interest payable in lawful become due; that the faith, annual sums of $19,650.00; money of the United States of credit, revenues and resources For the year 1968 for col. America, at the office of the and all the real and personal lection during the year 1969, City Treasurer, in the,City of property of said City are irre. sufficient to produce the net Ames, State of Iowa. Said vocably pledged for the prompt annual sum of $19,275.00; bonds shall become due and payment of the principal and For the year 1969 for col- payable in t h e i r numerical interest hereof at maturity; and lection during the year 19710, order, as follows: that the total indebtedness of 'sufficient to produce the net Bonds Nos, 1 to 10, inc. said-City, including this bond, annual-sum of $18,900.00; $10,000 on November 1,1963 does not exceed the Constitu- For the year 1970 for col- Bonds. Not. 11 to. 26, inc, tional or Statutory limitations. lection during the year 1971, $15,000 on November1, IH4 sufficient to produce the net Bonds Nos. 26 to 40, inc. IN TESTIMONY WHEREOF, annual sum of $18,488.00; $15,000 on November 1, 1965 said City, by its Council, has For the year 1971 for col. Bonds Nos. 41 to 55, inc, caused this bond to be signed lection during the year 1972, $15,000 on November 1, 1966 by its Mayor and attested by sufficient to produce the net Bonds Nos. 56 to 70, inc, the City Clerk, with the seal annual sum of $18,075.00; $15,000 on November 1, 1967 of said City affixed as of the For the year 1972 for col- Bonds Nos. 71 to 85, inc. First day of April, 19621 lection during the year 1971, $15,1000 on November 1, 1968 Mayor of the City of sufficient to produce the net Bonds Nos. 86 to 100, inc. ?�88 annual sum of $17,663.00; $15,000 on November 1, 1969 Attest: For the year 1973 for col. Bonds Nos. 101 to 115, inc. w Y lection during 1 the year 1974, $16,000 on November 1, 1970 Clerk of the City of Ames sufficient to produce the net Bonds -Nos, 116 to 130, inc. (Form of Coupon) annual sum of $17,250.00; $15,000 on November 1, 1971 AMES IOWA For the year 1974 for col. Bonds Nos. ,131 to 145, inc. No. $ lection during the year 1975, $15,000 on November 1, 1972 On -•-- -, 19=-, the sufficient to produce the net Bonds Nos.,146 to 160, inc. Treasurer of the City of Ames, annual sum of $16,800.00; $15,000 on November 1, 1973 Iowa, will pay to Bearer For the year 1975 for col. ` Bonds Nos. 161 to 175, inc. Dollars, at the office of lection during the year 19'M, 15,000 on November 1,4974 the City Treasurer;Ames,Iowa, sufficient to produce the net Bonds Nos;1176 to 190, inc. for semi-annual interest then annual sum of $16,360.00; $15,000 on November 1, 1975 due on its General Obligation For the year 1976 for col- Bonds Nos. 191 to 205, inc. Sewer Bond, dated April 1, lection during the year 1977, $15,000 on November 1, 1976 1962, No.---, sufficient to produce the net annual sum of $15,900.100; - Bonds Nos. 206 to 220, inn, _ $15,000 on November 1, 1977 Clerk of the City of Ames For the year 1977 for col Bonds Nos. 221 to 235, inc. (On the back of each bond lection during the year 1978, $15,000 on November 1, 1978 shall be endorsed the certifi- sufficient to produce the net Section 2. That upon presen- cate of the City Treasurer, in annual sum of $15,450.00. tation at the office of the City the following form: Section 7. The City Clerk Treasurer of said City of Ames, STATE OF IOWA shall annually in due time, of any of said bonds, same manner and season, certify to may be registered as to owner- COUNTY OF STORY ) SS the County Auditor the taxes shipof CITY OF AMES ) principal in.the name City Treasurer's'Certificate herein provided for in addition of the owner on the books of to levies authorized for other the Treasurer, such registra- This bond duly and properly purposes and without condition registered in my office as of tion to be noted on the reverse as to various amounts as herein side of the bonds by the Treas- the First day of April, 1962. provided being included in the urer, and thereafter the princi- annual certification of taxes, Treasurer pal. of such registered bondsreasurer of the City of Amesthe County Auditor shall ann- shall be made Section 4. That on the back payable only to of each bond there shall be ually enter said respective the registered holder, his legal amounts for collection and the representatives or assigns. printed provisions for registrg- moneys arising from such tax Such registered bonds shall be lall t ownership in substant- levies shall be used for the transferable to another regist. sally the following form: Payment of said bonds and the ered holder or back to bearer, REGISTRATION OF interest thereon and for no Only upon presentation to;the -OWNERSHIP. other purpose whatever. City Treasurer with a legal SIGNATURE, Section 8. The interest fall. assignment duly acknowledged DATE OF REGIS. OF CITY ing due during the year 1962 or approved. Such registration REGIS- ERED TREASU_ and the interest or principal of any of said bonds shall not TRATION OWNER URER and both of them falling due affect the negotiability of the in subsequent year or years, coupons'attached`to said bonds, -- shall, if necessary, be paid but such coupons shall continue promptly from current funds transferable by delivery merely. Section 6. The bonds he on hand in advance of taxes Section 3. The General Obli. authorized shall each be sign- levied, and when such taxes gation Sewer B o n d s hereby ed by the Mayor and attested shall have been collected, re- authorized shall be in form by the City .Clerk, with the imbursement shall be made to substantially.as follows: seal of the City affixed, and such current funds in the sum (Form of Bond) the interest coupons thereto at- thus advanced. United States of America tached shall each be executed Section 9. This ordinance State of Iowa County-of Story with-the signature of the City shall be irrepealabie until all CITY OF-AMES Clerk or facsimile thereof, and the aforesaid bonds, both prin- GENERAL OBLIGATION said Clerk, by the execution of ciple and interest, are fully SEWER BOND said bonds, shall adopt as and paid and discharged. No. - " $1".0 for his own proper signature Section 10. All ordinances or The City of .Ames, in the his facsimile signature on said parts thereof in conflict here- -State of Iowa, for value receiv. coupons, and when so execut- with, be and the same are ed, promises to ed, said bonds shall be deliv- hereby repealed. pay to Bearer, Section 11. A certified copy or if this bond be registered ered to the City'Treasurer-and Sec as to ownership, to the regist- shall be by him registered and of this ordinance shall be filed ered holder thereof, One Thous delivered to Stern Brothers & with the County Auditor of and Dollars. in lawful money Company of Kansas City, Mis- said County of Story, and said of the United States of Ameri- sours the purchaser 'thereof, Auditor shall be and he is ca, on the First day of Novem- and the sale of said bonds to hereby instructed in and for her, 19—, with interest on said said purchaser is hereby rati. each of the years 19,62 to 1977, sum from the date hereof until fied and confirmed. - inclusive, to enter for collec- paid, at the rate of - tion and assess a tax hereby Section 6. That as required authorized. When annually Per Centum (—%) Per annum, by Section 716.2 of the Code of entering said .taxes for collec- payable on the. First day of Iowa, 1958, and in order to November, 1962, and semi- provide for the assessment and ncl the County Auditor shall i annually thereafter on nclude the same as a part of .the collection of an annual levy the tax levy for debt service First day of May and Novem- upon all the taxable property fund purposes of said City, and her in each year, upon pre in said City, in addition to the ,sentation and surrender of the levy authorized for other ur- when collected, the proceeds interest coupons-hereto attach-. poses, sufficient to p of the said taxes shall se con- pay the verted into the debt service ed as they severally become interest on said bonds as it due; both principal and inter: falls due, and also to ° fund of said City and set aside pay and therein as a special account est payable at the office of the discharge the principal as the and sinking fund to be used City -Treasurer, in the City same matures, there shall be solely and only for the payment of Ames, State of Iowa. and there is hereby authorized This bond is issued by the and levied upon all the taxable of the principal and interest of City s Ames, Property the bonds hereby authorized Pursuant to and p perty within said City, a and for no other purpose what- in strict compliance with the direct annual tax for each of soever. provisions .of Chapters 23, 76 I the years while said bonds or Section 12. This _ordinance and Section 396.22 of the Code any of them are outstanding in shall take effect and be in of Iowa, 1958, and in conformity amount particular buts sufficient for th a t force from and after-its with an ordinance of the Couu_: Purpose and in pass- age and publication, as by sta cil of said City• duly passed,, not in, limitation of the fore- tute provided. approved and published, for. going, the amounts levied dur- Pas s ed this loth day of the purpose of defraying the' ing the respective years for April, 1962. cost of coustructing storm and such purpose shall be as fol- Pearls P. DeHart, Mayor sanitary sewers in said City: lows: M. W. Jordan, City Clerk This b o n d shall pass by A direct annual tax upon Published in the Ames Daily '.delivery_. unless it has -been all-the-taxable property within Tribune, April 14, 1962.