City of McCammon Petition For Judicial Confirmation
STEPHANIE J: BONNEY, ISB#6037
MOORE SMITH BUXTON & TURCKE, CHARTERED
950 W. Bannock Street, Suite 520
Boise, Idaho 83702
Telephone: (208) 331-1800
Facsimile: (208) 331-1202
Email: sjb@msbtlaw.com
Attorneys for Petitioner
IN THE DISTRICT COURT OF THE SIXTH JUOICIAl DISTRICT OF THE
STATE OF IDAHO, IN AND FOR THE COUNTY OF BANNOCK
In re:
| ) Case No. 2008-3479 | |
| ) | |
| THE CITY OF MCCAMMON, | ) NOTICE OF FILING |
| an Idaho municipal | ) OF PETITION FOR |
| corporation, | ) JUDICIAL CONFIRMATION |
| ) | |
| Petitioner. | ) |
| ) |
NOTICE IS HEREBY GIVEN that the City of McCammon, Bannock County, Idaho (the “City”), has petitioned, pursuant to Idaho Code ยง 7-1301, et. seq. for judicial confirmation of the validity of a certain proposed loan obligation and related matters to be incurred by the City.
The Petition seeks confirmation of the validity of the power and authority of the City of McCammon, Idaho, to: (a) incur an indebtedness in a principal amount not to exceed $1,600,000 for the financing of the cost of certain improvements to the City’s existing wastewater/sewer collection and treatment system and the City’s existing water supply system as an “ordinary and necessary expense” within the meaning of Article, 8, Section 3, Idaho Constitution; (b) enter into certain loan agreements with the State of Idaho, Department of Environmental Quality and to issue its promissory notes or other evidence of such indebtedness; and (c) pledge to repay the obligations of the City from the wastewater/sewer system revenues and water system revenues, respectively, and other lawfully available funds of the City.
The Petition further seeks a declaration that such evidence of indebtedness, when issued pursuant to such authority, will be a valid and binding obligation of the City of McCammon, payable in accordance with its terms.
Interested parties who wish to review the Petition, or any of the documents referred to or incorporated in the Petition, may do so during normal business hours at the office of the City Clerk, McCammon City Hall, 802 Front Street, McCammon, Idaho 83250.
Any interested party may appear by written appearance or answer to the Petition filed with the Clerk of the above-entitled Court at any time prior to the date set for hearing on the Petition, which has been set for the 14th day of October, 2008, at 1:30 o’clock P.M., or as soon thereafter as the matter may be heard, at the courtroom of the above-entitled Court, at the Bannock County Courthouse, 624 E. Center, Pocatello, Idaho.
DATED this 10th day of September, 2008.
CLERK OF THE DISTRICT COURT
/s/ Kathy Smith
Deputy Clerk
Published 17 September 2008 in the Idaho State Journal
