My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2019-46 Ordinance Providing for the Issuance of not to Exceed $9,300,000 General Obligation Bonds, Series 2019 of the City for One or More of the Following Purposes: Refunding Certain Outstanding Bonds of the City, Improving the Decatur Public Library
COD
>
City Clerk
>
ORDINANCES
>
2019
>
2019-46 Ordinance Providing for the Issuance of not to Exceed $9,300,000 General Obligation Bonds, Series 2019 of the City for One or More of the Following Purposes: Refunding Certain Outstanding Bonds of the City, Improving the Decatur Public Library
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/13/2020 11:12:38 AM
Creation date
6/18/2019 7:08:15 PM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
2019-46
Res Ord Title
2019-46 Ordinance Providing for the Issuance of not to Exceed $9,300,000 General Obligation Bonds, Series 2019 of the City for One or More of the Following Purposes: Refunding Certain Outstanding Bonds of the City,
Department
Finance
Approved Date
6/17/2019
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
65
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
that the Pledged Taxes may be levied, extended and collected as provided herein and deposited <br /> into the Bond Fund. <br /> Whenever other funds from any lawful source are made available for the purpose of paying <br /> any principal of or interest on the Bonds so as to enable the abatement of the Pledged Taxes levied <br /> for the payment of same,the Council shall,by proper proceedings,direct the deposit of such funds <br /> into the Bond Fund and further shall direct the abatement of the taxes by the amount so deposited. <br /> A certified copy or other notification of any such proceedings abating Pledged Taxes shall be filed <br /> with the County Clerk in a timely manner to effect such abatement. <br /> Section 13. Filing with County Clerk. Promptly, as soon as this Ordinance becomes <br /> effective, a copy hereof, certified by the City Clerk, shall be filed with the County Clerk; and the <br /> County Clerk shall in and for each of the years 2019 to 2038, inclusive, ascertain the rate percent <br /> required to produce the aggregate tax hereinbefore provided to be levied as set forth in each of said <br /> years; and the County Clerk shall (to the extent said tax has not been abated as provided herein) <br /> extend the same for collection on the tax books in connection with other taxes levied in said years <br /> in and by the City for general corporate purposes of the City; and in said years such annual tax <br /> shall be levied and collected by and for and on behalf of the City in like manner as taxes for general <br /> corporate purposes for said years are levied and collected, and in addition to and in excess of all <br /> other taxes. <br /> Section 14. Sale of Bonds;Bond Notification;Bond Series. The Designated Officials are <br /> hereby authorized to proceed, without any further authorization or direction whatsoever from the <br /> Council,to sell and deliver the Bonds upon the terms as prescribed in this Section,pursuant to the <br /> Bond Notification. Each of the Refunding Bonds and the Project Bonds shall be sold and delivered <br /> to the Purchaser at a price of not less than 98.00%of the par value of the principal amount thereof <br /> (exclusive of original issue discount, if any), plus accrued interest, if any, to the date of delivery. <br /> -24- <br />
The URL can be used to link to this page
Your browser does not support the video tag.