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, ` , <br /> � ` <br /> interest, and is authorized pursuant to the Act; and these findings and deternunations shall be <br /> deemed conclusive. <br /> Section 4. Bond Details. There be borrowed on the credit of and for and on <br /> behalf of the City the sum of not to exceed $10,000,000 for the purposes aforesaid; and that <br /> bonds of the City (the "Bonds") shall be issued in not to exceed said amount and shall be <br /> designated "General Obligation Refunding Bonds, Series 1995." The Bonds shall be dated � <br /> December 15, 1995 (the "Dated Date"), and shall also bear the date of authentication, shall <br /> be in fully registered form, shall be in denominations of$5,000 each and authorized integral <br /> multiples thereof (but no sinale Bond shall represent installments of principal maturing on <br /> more than one date), shall be numbered 1 and upward, and the Bonds shall become due and <br /> payable (subject to prior redemption as hereinafter set forth) on October 1 of the years <br /> from 1996 up to and including the year 2014 as shall be set forth in the Bond Order and <br /> Abatement Certi�cate (the "Bond Order") as authorized to be executed by the Designated <br /> Officials (defined below) in Section 13 of this Ordinance and by which the final aggregate <br /> principal amount, final maturity amounts, final years of maturity and final interest rates of <br /> the Bonds shall be determined, in such principal amounts as shall be set forth therein. The <br /> Bonds shall bear interest at rates not exceeding seven percent (7.00%) per annum. <br /> The Designated Officials shall mean the City Manager and Director of Financial <br /> Management, acting together. <br /> Each Bond shall bear interest from the later of its Dated Date as hereinabove provided <br /> or from the most recent interest payment date to which interest has been paid or duly <br /> provided for, until the principal amount of each such Bond is paid or duly provided for, <br /> such interest (computed upon the basis of a 360-day year of twelve 30-day months) being <br /> payable on April 1 and October 1 of each year, commencing on April l, 1996. Interest on <br /> -6- <br />