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HomeMy WebLinkAboutA001 - proof of publication, December 28, 1970 Proof of Publication in The most thereof to be paid to thejkmoun t of $325,000 at the AMES DAILY TRIBUNE Ri+ri'`"i�;iy;%;i'i�'it:<;iy'i'•'•3`•i.'•i�i;'�'i i%?% a eneral expense of the said Y i an d d it' s now necessary t �i::>::;:::>::>::;>a:>s:•>::>::;,>::;:. >`:.;';'>",;' <[<`: make definite provision ov is i o n ST ATE T EO FIO WA S TORYCOUNTYss. 'relative to payment for the ORDINANCE N0. 2362 said construction, such 1 � W. T. Farley on oath An ordinance providing for the provision having not yet been that I am pXdWjM, foreman General made; and depose and say issuance of WHEREAS, notice of Obligation Sewer Bonds in the of the AMES DAILY TRIBUNE, a daily sum of$325,000 for the purpose liearing on the initiation of of defraying the cost con- 'proceedings for the issuance newspaper, printed at Ames, Story County, structing sewer im of the said bonds has ;heretofore been given in Iowa; that the annexed printed ---f1.'lr�-- provements in the City of manner and form as required Ames,Iowa,and providing for -by Section 23.12 of the Code of _Ordinance n3 62__________________ - ----- the levy of taxes to pay the ;Iowa, 1966, as amended, and same. no petition nor protest has - - ----------------------- WHEREAS, the City of .been filed; Ames, in Story County, Iowa, NOW THEREFORE, IT IS was published in said newspaper for _--__-- is a municipal corporation ORDAINED by the City under the Mayor-Council form Council of the City of Ames, consecutive weeks, the first ---------------- of government, duly in- Iowa, as follows:Io corporated, organized and and the last of said publication was on the existing under and by virtue of Section 1.That in pursuance of Section 396.22 of the Code of 28th Dec ember the laws and Constitution of there are hereby ------------ day of _____________________ the State of Iowa, and not Iowa, special charter ;authorized to be issued Sixty- tinder any P five (65) negotiable General 19_7Q' ,or provisions and has not Obligation Sewer Bonds of the adopted the Commission form numbered con- -- - - �� government or the Council said City, qf con- secutively from One (1) to Sworn to before me and subscri in my Manager form of government sixty-five (65),both inclusive, T. Farley o ular election; and in the denomination of $5,000 presence by ,XItkY �YPP *'.'WHEREAS, the said City, each, said bonds to be dated this 2$tri __-- day of _December ; ursuant to and in strict -------- '�ompliance with all laws the First day of November, f which issue 19 - ,applicable to the said City,has 1970, o --• lawfully brdered and con- Bonds numbered (1) to —Notary public acted for constructing sewer Five (5), inclusive, shall - in and for story County. improvements in the City, in bear interest from and'the manner authorized by after the date thereof until Fees, $7?-'5 O------ Chapter 391A of the Code of -Iowa, 1966, as amended , the paid at the rate of Three Bonds numbered Thirty- Per (3 per cent) per one (31) to Thirty-five date thereof until paid at the rate of Four Per Cent Bonds Nos. 5ti to 65, in- Bonds numbered Six(6) to (35), inclusive, shall bear elusive, $50,000 on November interest from and after the (4 per cent) per annum, 1, 1981 Ten (10), inclusive, shall date thereof until paid at all of such interest being Section 2. That each of the bear interest from and the rate of Three and payable on the First day of said bonds subject to after the date thereof until Sixty-hundredths Per May, 1971, and semiannually registration as to principal in paid at the rate of Five Cent (3.60 per cent) thereafter on the First day of Per Cent (5 per cent) per p per Ma and November in each the name of the holder on the annum, annum, Y books of the City Treasurer, Bonds numbered Thirty- Year, such interest t be such registration being noted Bonds numbered Eleven six (36) to Forty-five (45), evidenced negotiable upon each bond so registered (11) to Fifteen (15), in- � inclusive, shall bear in- coupons attached to each and after such registration elusive,shall bear interest terest from and after the bond; both principal and in- of the from and after the date terest payable in lawful payment principal thereof until paid at the date thereof until paid at money of the United States of thereof shall be made only to rate of Four Per Cent (4 the rate of Three and America, at the office of the the registered holder. Any cent) Seventy-hundredths Per bond so registered, upon the perper annum, Cent (3.70 per cent) City Treasurer, in the City of g Po Bonds numbered Sixteen p per Ames, Iowa. The said bonds request r writing of such to Twenty (20), in- �� annum, holder personally or by at- Bonds numbered Forty- shall become due and payable torney-in-fact, may be clusive,shall bear interest six (46) to Fifty-five (55) in their numerical order as transferred either to a from and after the date follows: thereof until paid at the inclusive, shall bear in- Bonds Nos. 1 to 5, inclusive designated transferee or to ive rate of Three and Thirty- terest from and after the aid a $25 on on November 1, ive bearer, and the principal of hundredths Per Cent (3.30 date thereof until paid Bonds Nos.6 to 10,inclusive, any bond so transferred and r cent) the rate of Three and $25,000 on November 1, 1973 registered to bearer shall B per annum, Seven-eighths Per Cent thereupon be and become Bonds numbered Twenty- Bonds Nos. 11 to 15, in- p one (21) to Twenty-five (3 7/8 Per cent) per an- clusive $25 000 on November payable to bearer in like num, manner as if such bond had (25), inclusive, shall bear 1, 1974 interest from and after the Bonds numbered Fifty-six Bonds Nos. 16 to 20 inclusive never been registered. date thereof until paid at (56) to Sixty-five (65), $25,000 on November 11 1975 Registration of any bonds as the rate of Three and inclusive, shall bear in- Bonds` Nos. 21 to 25 in- to principal shall not restrain Forty-hundredths Per terest from and after the clusive, $25,000 on November the negotiability of the Cent (3.40 per cent) per 1, 1976 coupons thereto attached by annum, Bonds Nos. 26 to 30, in- delivery merely. Bonds numbered Twenty- Section 3. The General clusive, $25,000 on November six (26) to Thirty (30), 1, 1977 Obligation Sewer Bonds hereby authorized shall be in inclusive, shall bear in- Bonds Nos. 31 to 35, inclusive, form substantial as follows: terest from and after the $25,000 on November 1, 1978 Y date thereof until paid at Bonds Nos. 36 to 45, inclusive, the rate of Three and One- $50,000 on November 1, 1979 half Per Cent (31/z per Bonds Nos. 46 to 55, in- cent) per annum, clusive, $50,000 on November 1, 1980 (Form of Bond) UNITED MEft CASTATES OF and have been properly become due; that the faith, shall take effect and be in State of Iowa existent, had, done and per- credit, revenues and force from and after its County of Story formed in regular and due resources and all the real and passage and publication as by City of Ames form and time; that provision personal property of the said statute provided. . GENERAL OBLIGATION has been made for the levy of City are irrevocably pledged Passed this 15th day of SEWER BOND a sufficient continuing annual for the prompt payment December, 1970. No. $5 000 tax on all the taxable property hereof, both principal and The City of Ames, in the within the said City for the interest; and that the total State of Iowa, for value payment of the principal and indebtedness of said City, Mayor received, promises to pay to interest of this bond as the including this bond, does not Attest: bearer, or if this bond be same will respectively exceed any constitutional or registered as to principal, to statutory limitations. the registered holder hereof, IN TESTIMONY WHEREOF, said City, by its City City Clerk Five Thousand Dollars in Council,has caused this bond to be signed by its Mayor and (Seal) lawful money of the United attested by its City Clerk, with the seal of said City affixed This ordinance hereby States of America,on the First and the coupons hereto attached to be executed with the approved this 15th day of day of November, 19 facsimile signature of the said City Clerk, which official by December, 1970. with interest on said sum from the execution of this bond does adopt as and for her own the date hereof until paid, at proper signature her facsimile signature appearing on said the rate of coupons, all the first day of November, 1970. Mayor Per Attest Cent L per Mayor of the City of Ames annum, payable on the First Attest: day of May, 1971, and City Clerk semiannually thereafter on (Seal) the First day of May and Clerk of the City of Ames Recorded in the records of November in each year, upon (Form of Coupon) the City of Ames, Iowa, this presentation and surrender of AMES, IOWA 15th day of December, 1970, the interest coupons hereto No $ and officially published on the attached as they severally On 1, 19, the Treasurer of the day of December 28, 1970. become due; both principal City of Ames, Iowa, will pay to bearer and interest payable at the Dollars at the office of the City office of the City Treasurer,in Treasurer,Ames,Iowa,for semiannual interest then due on City Clerk the City of Ames, State of its General Obligation Sewer Bond,dated November 1, 1970, (Seal) Iowa. No. Published in The Ames This bond is issued by the Daily Tribune, December 28, City of Ames,pursuant to and 1970. in strict compliance with the Clerk of the City of Ames provisions of Chapters 23, 76 (On the back of each bond there shall be endorsed the cer- Section 4. The bonds and Section 396.22 of the Code tificate of the City Treasurer in the following form:) hereby authorized shall each of Iowa, and in conformity STATE OF IOWA be signed by the Mayor and with an ordinance of the COUNTY OF STORY SS: CITY TREASURER'S attested by the City Clerk with Council of the said City, duly CITY OF AMES CERTIFICATE the seal of the City affixed and passed, approved and This bond duly and properly registered in my.office as of the interest coupons thereto published, for the purpose of the First day of November, 1970. attached shall each be defraying the cost of con- executed with the signature of structing sewer im- the City Clerk or facsimile provements in the said City. Treasurer of the City thereof,and the said Clerk by This bond is subject to y of Ames � , (Form for Registration of Ownership) the execution of the said bonds registration as to principal in p shall adopt as and for her own the name of the holder on the Date of Name of Signature of proper signature her facsimile books of the City Treasurer of Registration Registered Owner City Treasurer signature on the said coupons said City, such registration to and when so executed the said be evidenced by-notation of bonds shall be delivered to the the said Treasurer on the back City Treasurer and shall be by hereof., and after such him registered and delivered registration no transfer to the First National Bank of hereof, except upon such Chicago, the purchaser books and similarly noted thereof, and the sale of the hereon, shall be valid unless said bonds to the said ur- the last registration shall have chaser is hereby ratified and been to bearer. Registration Y hereof shall not affect the confirmed. negotiability of the coupons Section 5. That as required hereto attached, which shall by Section 76.2 of the Code of continue negotiable by Iowa, and in order to provide for the assessment and delivery merely. collection of an annual levy And It Is Hereby Certified t upon all the taxable property and Recited: That all acts, in the said p perty conditions and things required y, in addition to by the laws and Constitution of the levy authorized for other the State of Iowa, to exist, to purposes, sufficient to pay the be had, to be done or to be interest on the said bonds as it performed precedent to and in falls due and also to pay and the issue of this bond, were discharge the principal as the same matures, there shall be and there is hereby authorized collection during the year Section 10. A certified copy and levied upon all the taxable 1977 sufficient to produce of this ordinance shall be filed property within the said City, the net annual sum of with the County Auditor of a direct annual tax for each of $32,563, Story County and the said the years while the said bonds For the year 1977 for Auditor shall be and he is or any of them are outstanding collection during the year hereby instructed in and for in amounts sufficient for that 1978 sufficient to produce each of the years 1971 to fo purpose and in particular but the net annual sum of inclusive, to enter for 80, not in limitation of the $31,688, collection and assess the tax foregoing, the amounts levied For the year 1978 for hereby authorized. When during the respective years collection during the year annually entering the said for such purpose shall be as 1979 sufficient to produce taxes for collection the County follows: the net annual sum of A direct annual tax upon all $55 988, Auditor shall include the same the taxable property within For the as a part of the tax levy for P Pe Y year 1979 for said City for each of the ten collection during the year debt service fund purposes of the said City and when (10) consecutive years 1971 to of 1980 sufficient to collected the proceeds of the 1980, inclusive, (beginning produce the net annual said taxes shall be converted with the levies of the year 1971 sum of $53,938, into the debt service fund of for collection during the year For the year 1980 for the City and set aside therein 1972 and ending with the levies collection during the year as a special account and of the year 1980 for collection 1981 sufficient to produce sinking fund to be used solely during the year 1981) suf- the net annual sum of ficient to produce the $52,000. and only for the payment of following net annual sums for Section 6. The City Clerk the principal and interest of the respective years for in- shall annually in due time, the bonds hereby authorized terest and principal as the manner and season certify to and for no other purpose same mature and to create the County Auditor the taxes Whatsoever. sinking funds for that purpose, herein provided for in addition Section 11. This ordinance as follows; to levies authorized for other purposes and without con- For the year 1971 for dition as to various amounts collection during the year as herein provided being in- 1972 sufficient to produce cluded in the annual cer- the net annual sum of tification of taxes; the County $495475, Auditor shall annually enter For the year 1972 for said respective amounts for collection during the year collection and the moneys 1973 sufficient to produce arising from such tax levies the net annual sum of shall be used for the payment $36,488, of said bonds and the interest For the year 1973 for thereon and for no other collection during the year pupose whatever. 1974 sufficient to produce Section 7. The interest the net annual sum of falling due in 1971 and the $35,238, interest or principal and both For the year 1974 for of them falling due in any collection during the year subsequent year or years 1975 sufficient to produce shall, if necessary, be paid the net annual sum of promptly from current funds $34,238, on hand in advance of taxes For the year 1975 for levied and when the said taxes collection during the year shall have been collected, 1976 sufficient to produce reimbursement shall be made the net annual sum of to such current funds in the $33,413, sum thus advanced. For the year 1976 for 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.