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ORDINANCE NO. 2265
An ordinance providing for the issuance of
General Obligation Sewer Bonds in the sum of
$185 ,000 for the purpose of defraying the cost
of constructing sewer improvements in said
City, and providing for the levy of taxes to
pay the same.
WHEREAS , the City of Ames, in Story County, State of Iowa, is
a municipal corporation, under the Council-Manager form of government,
duly incorporated, organized and existing under and by virtue of the
laws and Constitution of the State of Iowa, and not under any special
charter or provisions , and has not adopted the Commission form of
government or the Mayor-Council form of government; and
WHEREAS , said City, pursuant to and in strict compliance with all
laws applicable to said City, has lawfully ordered and contracted for
constructing sewer improvements in said City, in the manner authorized
by Chapter 391 of the Code of Iowa, the cost thereof to be paid to the
amount of $185 , 000 at the general expense of said City, and it is now
necessary to make definite provision relative to payment for said
construction, such provision having not yet been made; and
WHEREAS , notice of hearing on the initiation of proceedings for
the issuance of said bonds has heretofore been given in manner and
form as required by Section 23. 12 of the Code of Iowa, and no petition
nor protest has been filed; now therefore
IT IS ORDAINED by the City Council of the City of Ames , Iowa, as
follows :
Section 1. That in pursuance of Section 396 . 22 of the Code of
Iowa, there are hereby authorized to be issued Thirty-seven (37)
negotiable General Obligation Sewer Bonds of said City, numbered
consecutively from One (1) to Thirty-seven (37) , both inclusive, in
the denomination of $5 ,000 each, said bonds to be dated the First day
of May, 1968 , of which issue
bonds numbered One (1) to Two ( 2 ) �
both inclusive, shall bear interest from and after the date thereof
until paid at the rate of Three Per Cent
( 3 0) per annum,
bonds numbered Three ( 3 ) to
Five ( 5 % ) , both inclusive, shall bear interest
from and after the date thereof until paid at the rate of
Four and one-half Per Cent ( 4 1/20) per annum,
HERRICK, LANGDON, BELIN & HARRIS, LAWYERS, DES MOINES, IOWA
bonds numbered Six ( 6 to
Twenty-seven ( 27 ) , both inclusive, shall bear interest
from and after the date thereof until paid at the rate of
Three and three-fourths Per Cent ( 3. 75 %) per annum,
bonds numbered Twenty-eight ( 28 ) to
Thirty-seven ( 37 ) , both inclusive, shall bear interest
from and after the date thereof until paid at the rate of
Three and eighty/hundredths Per Cent ( 3. 80 %) per annum,
said interest payable on the First day of November, 1968, and semi-
annually thereafter on the First day of May and November in each
year, such interest to be evidenced by negotiable coupons attached
to each bond; both principal and interest payable in lawful money
of the United States of America, at the office of the City Treasurer,
in the City of Ames, State of Iowa. Said bonds shall become due and
payable in their numerical order, as follows:
Bonds Nos. 1 and 2 $10, 000 on November 1, 1969
Bonds Nos. 3 to 5, incl. $15, 000 on November 1, 1970
Bonds Nos. 6 to 8, incl. $15, 000 on November 1, 1971
Bonds Nos. 9 to 11, incl. $15, 000 on November 1, 1972
Bonds Nos. 12 to 15, incl. $20, 000 on November 1, 1973
Bonds Nos. 16 to 19, incl. $20, 000 on November 1, 1974
Bonds Nos. 20 to 23, incl. $20, 000 on November 1, 1975
Bonds Nos. 24 to 27 , incl. $20, 000 on November 1, 1976
Bonds Nos. 28 to 32, incl. $25, 000 on November 1, 1977
Bonds Nos. 33 to 37, incl. $25, 000 on November 1, 1978
Section 2 . That each of said bonds be subject to registration
as to principal in the name of the holder on the books of the City
Treasurer, such registration being noted upon each bond so registered
and after such registration payment of the principal thereof shall
be made only to the registered holder. Any bond so registered, upon
the request in writing of such holder personally or by attorney-in-
fact, may be transferred either to a designated transferee or to
bearer, and the principal of any bond so transferred and registered
to bearer shall thereupon be and become payable to bearer in like
manner as if such bond had never been registered. Registration of
any bonds as to principal shall not restrain the negotiability of
the coupons thereto attached by delivery merely.
Section 3 . The General Obligation Sewer Bonds hereby authorized
shall be in form substantially as follows:
(Form of Bond)
UNITED STATES OF AMERICA
State of Iowa County of Story
CITY OF AMES GENERAL OBLIGATION
SEWER BOND
No. $5, 000
The City of Ames, in the State of Iowa, for value received
promises to pay to Bearer, or if this bond be registered as to
HERRICK, LANGDON, BELIN & HARRIS, LAWYERS, DES MOINES, IOWA
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principal to the registered holder hereof, Five Thousand Dollars in
lawful money of the United States of America, on the First day of
November, 19 , with interest on said sum from the date hereof
until paid at the rate of Per Cent
( /) per annum, payable on the First day of November,
1968, and semiannually thereafter on the First day of May and Novem-
ber in each year, upon presentation and surrender of the interest
coupons hereto attached as they severally become due; both principal
and interest payable at the office of the City Treasurer, in the
City of Ames, State of Iowa .
This bond is issued by the City of Ames, pursuant to and in
strict compliance with the provisions of Chapters 23, 76 and Section
396. 22 of the Code of Iowa, and in conformity with an ordinance of
the Council of said City, duly passed, approved and published, for
the purpose of defraying the cost of constructing sewer improvements
in said City.
This bond is subject to registration as to principal in the
name of the holder on the books of the City Treasurer of said City,
such registration to be evidenced by notation of said Treasurer on
the back hereof, and after such registration no transfer hereof,
except upon such books and similarly noted hereon, shall be valid
unless the last registration shall have been to bearer. Registration
hereof.shall not affect the negotiability of the coupons hereto attached,
which shall continue negotiable by delivery merely.
And It Is Hereby Certified and Recited: That all acts, condi-
tions and things required by the laws and Constitution of the State
of Iowa, to exist, to be had, to be done and to be performed precedent
to and in the issue of this bond, were and have been properly existent,
had, done and performed in regular and due form and time as required
by law; that provision has been made for the levy of a sufficient
continuing annual tax on all the taxable property within said City
for the payment of the principal and interest hereof at maturity;
and that the total indebtedness of said City, including this bond,
does not exceed the Constitutional or Statutory limitations.
IN TESTIMONY WHEREOF, said City, by its Council, has caused
this bond to be signed by its Mayor and attested by the City Clerk,
with the seal of said City affixed, as of the First day of May, 1968.
Mayor of the City of Ames
Attest:
C 1 rk of the City of Ames
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(Form of Coupon)
AMES, IOWA
No. $
On 1, 19 the Treasurer of the City
of Ames, Iowa, will pay to Bearer
Dollars, at the office of the City Treasurer, Ames, Iowa for semi-
annual interest then due on its General Obligation Sewer Bond, . dated
May 1, 1968, No.
Clerk of the City of Ames
(On the back of each bond shall be endorsed the certificate of the
City Treasurer, in the following form: )
STATE OF IOWA )
COUNTY OF STORY ) SS: CITY TREASURER'S CERTIFICATE
CITY OF AMES )
This bond duly and properly registered in my office as of the
First day of May, 1968.
Treasurer of the City of Ames
(Form for Registration of Ownership)
DATE OF NAME OF SIGNATURE OF
REGISTRATION REGISTERED OWNER CITY TREASURER
Section 4. The bonds hereby authorized shall each be signed
by the Mayor and attested by the City Clerk, with the seal of the
City affixed, and the interest coupons thereto attached shall each
be executed with the signatures of the City Clerk or facsimile
thereof, and said Clerk, by the execution of said bonds, shall
adopt as and for her own proper signature her facimile signature
on said coupons, and when so executed, said bonds shall be delivered
to the City Treasurer and shall be by him registered and delivered
to _ LaSalle National Bank of Chicago , Illinois_,
the purchaser thereof, and the sale of said bonds to said purchaser
is hereby ratified and confirmed.
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Section 5. That as required by Section 76.2 of the Code of
Iowa, and in order to provide for the assessment and collection of
an annual levy upon all the taxable property in said City, in addi-
tion to the levy authorized for other purposes, sufficient to pay
the interest on said bonds as it falls due, and also to pay and
discharge the principal as the same mature, there shall be and
there is hereby authorized and levied upon all the taxable property
within said City, a direct annual tax for each of the years while
said bonds or any of them are outstanding in amounts sufficient for
that purpose and in particular but not in limitation of the foregoing,
the amounts levied during the respective years for such purpose
shall be as follows:
A direct annual tax upon all the taxable property within said
City for each of the Ten (10) consecutive years, 1968 to 1977 , both
inclusive, (beginning with the levies of the year 1968 for collection
during the year 1969 and ending with the levies of the year 1977 for
collection during the year 1978) sufficient to produce the following
net annual sums for the respective years for interest and principal
as the same mature and to create sinking funds for that purpose,
as follows:
For the year 1968 for collection during the year 1969,
sufficient to produce the net annual sum of $ 20 ,500
For the year 1969 for collection during the year 1910,
sufficient to produce the net annual sum of $ 21 ,700
For the year 1970 for collection during the year 1971,
sufficient to produce the net annual sum of $ 21 ,025
For the year 1971 for collection during the year 1972,
sufficient to produce the net annual sum of $ 20,463
For the year 1972 for collection during the year 1973,
sufficient to produce the net annual sum of $ 24 ,900
For the year 1973 for collection during the year 1974,
sufficient to produce the net annual sum of $ 24 ,150
For the year 1974 for collection during the year 1975,
sufficient to produce the net annual sum of $ 23 ,400
For the year 1975 for collection during the year 1976,
sufficient to produce the net annual sum of $ 22 ,650
For the year 1976 for collection during the year 1977 ,
sufficient to produce the net annual sum of $ 26 ,900
For the year 1977 for collection during the year 1978,
sufficient to produce the net annual sum of $ 25 ,950
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Section 6. The City Clerk shall annually in due time, manner
and season, certify to the County Auditor the taxes herein provided
for in addition to levies authorized for other purposes and without
condition as to various amounts as herein provided being included
in the annual certification of taxes, the County Auditor shall
annually enter said respective amounts for collection and the
moneys arising from such tax levies shall be used for the payment
of said bonds and the interest thereon and for no other purpose
whatever.
Section 7 . The interest falling due during the year 1968 and
the interest or principal and both of them falling due in any sub-
sequent year or years, shall, if necessary, be paid promptly from
current funds on hand in advance of taxes levied, and when said
taxes shall have been collected, reimbursement shall be made to
such current funds in the sum thus advanced.
Section 8. This ordinance shall be irrepealable until all the
aforesaid bonds, both principal and interest, are fully paid and
discharged.
Section 9. All ordinances and resolutions or parts thereof in
conflict herewith, be and the same are hereby repealed.
Section 10. A certified copy of this ordinance shall be filed
with the County Auditor of said County of Story, and said Auditor
shall be and he is hereby instructed in and for each of the years
1968 to 1977, inclusive, to enter for collection and assess the tax
hereby authorized. When annually entering said taxes for collection
the County Auditor shall include the same as a part of the tax levy
for debt service fund purposes of said City, and when collected, the
proceeds of the said taxes shall be converted into the debt service
fund of said City, and set aside therein as a special account and
sinking fund to be used solely and only for the payment of the
principal and interest of the bonds hereby authorized and for no
other purpose whatsoever.
Section 11. This ordinance shall take effect and be in force
from and after its passage and publication, as by statute provided.
Passed this 24th day of September L , 1968.
�t//w I
Mayor
Attest:
City Clerk
(SEAL)
HERRICK, LANGDON, BELIN & HARRIS, LAWYERS, DES MOINES, IOWA
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This ordinance hereby approved this 24th day of
September 1968.
Mayor
Attest: r•+zl�
Ci y Clerk
(SEAL)
Recorded in the records of said City this 24th day of
s®-Camber , 1968, and officially published on the 28th
day of September 1968.
City Clerk
HERRICK, LANGDON, BELIN & HARRIS. LAWYERS, DES MOINES, IOWA
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ti.
I, Louise Whitcome being first duly sworn, do hereby
depose and certify that I am the duly appointed, qualified and
acting Clerk of the City of Ames, in the State of Iowa, and that
as such Clerk I have in my possession or have access to the complete
corporate records of said municipality and of its Council and offi-
cers, and that I have carefully compared the transcript hereto attached
with the aforesaid corporate records; and that said transcript hereto
attached is a true, correct and complete copy of all the corporate
records in relation to the authorization, issuance and disposition
of $185, 000 3. 0% , 4 . 5% , 3 . 75% , and 3 . 8 %. General Obligation
Sewer Bonds of said municipality, to be dated May 1, 1968, and that
said transcript hereto attached contains a true, correct and complete
statement of all the measures adopted, and proceedings, acts and
things had, done and performed up to the present time in relation
to the authorization, issuance and disposition of said bonds ; and
that the said Council consists of six ( 6 members.
WITNESS my hand and the City seal hereto affixed at Ames, Iowa,
this ?F�1 day of September 1968.
4iyClerk
(SEAL)
STATE OF IOWA )
SS:
COUNTY OF STORY )
Subscribed and sworn to before me by said Louise Whitcome
this 25th day of September 1968 .
Notary Pub 1 c in and f o said County
My commission expires: July 4, 1969
(SEAL)
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STATE OF I OWA )
SS:
COUNTY OF STORY )
I, Louise se Whitcome City Clerk of the City of Ames,
in the County and State aforesaid, do hereby certify that the
aggregate General Obligation indebtedness of said City, howsoever
evidenced or incurred, does not exceed the sum of two million two
hundred eighty six thousand Dollars ($ 2, 286,000 ) ,
(excluding this issue. )
WITNESS my official signature and the seal of said City at
Ames, Iowa, this 25th day of September 1968.
Cit) Clerk
(SEAL)
Subscribed and sworn to before me this 25th day of
SP�tQ.m}�Ar , 1968.
Notary Public in and eor said County
My commission expires: July 4, 1969
(SEAL)
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STATE OF IOWA )
SS:
COUNTY OF STORY )
I, Louise Whitcome , City Clerk of the City of
Ames , in the County and State aforesaid, do hereby certify that the said
City is organized and operating under the provisions of Title XV of the
Code of Iowa, as amended, and not under any special charter, and that
said City has not adopted the Mayor-Council form of government or the
Commission form of government but is operating under the Council-Manager
ordinance
form of government by �r-�'_ t=n=, and that there is not pending or
threatened any question or litigation whatsoever touching the
incorporation of said City, the inclusion of any territory within its
limits, or the incumbency in office of any of the officials hereinafter
named.
And I do further certify that the following named parties are
officials of said City as indicated.
Stuart N. Smith , Mayor
Louise A. Whitcome , City Clerk
A. W. Lucht , City Treasurer
John Thurston , Councilman
Edward Judge Councilman
Etta Lee Fellinger Councilman
Harold Newell Councilman
Helen LeBaron Councilman
,
Ray Fisher , Councilman
WITNESS my hand and the seal of said City of Ames, Iowa, this
25th day of September , 1968.
4ivy Clerk
(SEAL)
HERRICK, LANGDON, BELIN & HARRIS, LAWYERS, DES MOINES, IOWA
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G-637 GBI
Ames, Iowa
September 24, 1968
The City Council of the City of Ames, in Story County, State
of Iowa, met on the 24th day of September , 1968, at
7:30 o 'clock P. .M. z C D T. at the Counni1 hamhPr-,
City Hall , Ames, Iowa, pursuant to prior action of
the Council and to law, for the purpose of instituting proceedings
and taking action for the issuance of $185, 000 General Obligation
Sewer Bonds for the purpose of defraying the cost of constructing
sewer improvements in said City, and providing for the levy of taxes
to pay the same, and for the transaction of such other business as
might come before said meeting.
The meeting was called to order by the Mayor, and the roll
being called, there were
Present, Stuart N. Smith , Mayor, in the chair, and the
following named Councilmen:
Thurston, Fellinger, Newell, LeBaron Fisher
Absent: _ Judge
The Council then considered the adoption of an ordinance pro-
viding for the issuance of $185, 000 General Obligation Sewer Bonds
and Councilman F'; Gher introduced an ordinance entitled:
"Ordinance No. 2265 An ordinance providing for the issuance
of General Obligation Sewer Bonds in the sum of $185, 000 for the
purpose of defraying the cost of constructing sewer improvements in
said City, and providing for the levy of taxes to pay the same. "
It was moved by Councilman Fisher and seconded by
Councilman L(mBarnn that the ordinance entitled: "Ordi-
nance No. An ordinance providing for the issuance of Gen-
eral Obligation Sewer Bonds in the sum of $185, 000 for the purpose
of defraying the cost of constructing sewer improvements in said
City, and providing for the levy of taxes to pay the same" be now
read by the City Clerk. The Mayor put the question on the motion,
and the roll being called, the following named Councilmen voted:
Ayes: Thurston Fellinger. Newell, rPRarnn, F; GhPr
Nays: None.
Whereupon, the Mayor declared the motion duly carried and said
ordinance was read by the City Clerk and duly considered by the
Council.
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It was moved by Councilman Fisher and seconded
by Councilman Fellinger that the rule requiring said
ordinance to be read on three different days be dispensed with. The
Mayor put the question on the motion, and the roll being called,
the following named Councilmen voted:
Ayes: Thurston, Fellinger, Newell, LeBaron, Fisher
Nays: None.
Whereupon, the Mayor declared the motion duly carried.
It was moved by Councilman Fisher and seconded by
Councilman _FP_1_1_inaer that the ordinance entitled: "Ordi-
nance No. 2265 An ordinance providing for the issuance of
General Obligation Sewer Bonds in the sum of $185, 000 for the pur-
pose of defraying the cost of constructing sewer improvements in said
City, and providing for the levy of taxes to pay the same " be now
put upon its final passage and adoption. The Mayor put the question
on the final passage and adoption of said ordinance, and the roll
being called, the following named Councilmen voted:
Ayes: Thurston, Fellinger, Newell, LeBaron, Fisher
Nays: None.
Whereupon, the Mayor declared said ordinance duly adopted and
signed his approval to said ordinance .
On motion and vote the meeting adjourned.
City Clerk
(SEAL)
HERRICK, LANGDON, BELIN & HARRIS, LAWYERS, DES MOINES, IOWA
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