Ordinance No. 1201
Summary
AN ORDINANCE CALLING A GENERAL OBLIGATION BOND ELECTION TO BE HELD FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF THE CITY OF KETCHUM, BLAINE COUNTY, IDAHO, A PROPOSITION FOR THE ISSUANCE OF NEGOTIABLE GENERAL OBLIGATION BONDS OF THE CITY; DETERMINING THAT THE TOTAL AMOUNT OF BONDED INDEBTEDNESS OF THE CITY WILL NOT EXCEED TWO PERCENT (2%) OF MARKET VALUE OF TAXABLE PROPERTY; DIRECTING THE CITY CLERK TO NOTIFY THE COUNTY CLERK THAT THE MAYOR AND CITY COUNCIL CALLED THE BOND ELECTION; APPROVING THE FORM OF NOTICE OF GENERAL OBLIGATION BOND ELECTION; APPROVING THE FORM OF BALLOT; PROVIDING FOR THE ISSUANCE OF SUCH BONDS AND MAKING PROVISIONS FOR THE PAYMENT OF PRINCIPAL AND INTEREST DUE ON SUCH BONDS; ORDERING PUBLICATION; PROVIDING FOR A WAIVER OF THE READING RULES; AND PROVIDING AN EFFECTIVE DATE.
ID Number:
1201
Status:
Adopted
Introduction Date:
Tuesday, September 3, 2019
Adopted Date:
Tuesday, September 3, 2019
File Attachments:
Public Hearing Date:
Tuesday, September 3, 2019
Details
An Ordinance Calling a General Obligation Bond Election to be Held for the Purpose of Submitting to the Qualified Electors fo the City of Ketchum, Blaine County, a Proposition for the Issuance of Negotiable General Obligation Bonds of the City; Determining that the Total Amount of Bonded Indebtedness of the City Will Not Exceed Two Percent (2%) of Market Value of Taxable Property; Directing the City Clerk to Notify the County Clerk that the Mayor and City Council Called the Bond Election; Approving the Form of Notice of General Obligation Bond Election; Approving the Form of Ballot; Providing for the Issuance of Such Bonds and Making Provisions for the Payment and Interest Due on Such Bonds; Ordering Publication; Providing for a Waiver of the Reading Rules; and Providing an Effective Date.