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97-97 ABATING LEVY
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97-97 ABATING LEVY
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Last modified
3/16/2016 11:44:33 AM
Creation date
3/16/2016 11:44:33 AM
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Resolution/Ordinance
Res Ord Num
97-97
Res Ord Title
ABATING LEVY GENERAL OBLIGATION BONDS SERIES OF AUGUST 1991
Approved Date
11/3/1997
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. - <br /> ORDINANCE NO. 97-97 <br /> ORDINANCE ABATING LEVY <br /> GENERAL OBLIGATION BONDS <br /> SERIES OF AUGUST 1991 <br /> WHEREAS, by Ordinance No. 91-58 passed and approved August 19, 1991, the Council <br /> caused general obligation bonds of the City to be issued and did levy therein certain sums to pay <br /> the principal and interest on said bonds; and, <br /> WHEREAS, funds other than those raised by general taxation have or will become <br /> available to timely pay such principal and interest as the same become due in fiscal year <br /> 1998-1999. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That the following tax levies for interest on and principal of the indicated <br /> bonds for the year 1997, payable in the fiscal year 1998-1997, be, and the same are hereby abated <br /> as follows: <br /> Ordinance Number Ordinance Full <br /> and Bond Issue Lev Abatement Levv <br /> 91-58 - General Purpose <br /> Bonds, Series 1991 $ 1,358,330 $1,358,330 $ 0 <br /> Section 2. That the County Clerk of the County of Macon, Illinois, be, and he is hereby , <br /> authorized and directed to fully abate said levy and to not extend the same for the year 1997. ' <br /> Section 3. That the City Clerk be, and she is hereby, authorized and directed to cause a <br /> certified copy of�his ordinance to be filed with said County Clerk. <br /> PRESENTED, PASSED, APPROVED AND RECORDED thi of November, <br /> 1997. <br /> A OR <br /> ATT� T: <br /> , <br /> , <br /> �-., - ���Z� <br /> CITY C E <br />
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