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91-58 PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991
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91-58 PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991
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8/22/2016 2:16:19 PM
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Resolution/Ordinance
Res Ord Num
91-58
Res Ord Title
PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991,...AND FOR THE LEVY AND COLLECTION OF A DIRECTION ANNUAL TAX SUFFICIENT TO PAY THE COMPOUND ACCRETED VALUE OF, PRINCIPAL OF AND INTEREST ON SAID BONDS...
Approved Date
8/19/1991
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the Designated officers shall have the authority to sell the <br /> Bonds in any event so long as the limitations set forth in this <br /> Ordinance and the conditions of this Section shall have been met. <br /> Upon the sale of the Bonds, the Designated Officers and <br /> any other officers of the City as shall be appropriate, shall be <br /> and are hereby authorized and directed to approve or execute, or <br /> both, such documents of sale of the Bonds as may be necessary, <br /> including, without limitation, the Bond Notification, Direction <br /> for Abatement of Taxes, Preliminary Official Statement, Official <br /> Statement, Bond Purchase Agreement, and closing documents. Prior <br /> to the execution and delivery of any such Bond Purchase <br /> Agreement, the Designated Officers shall find and determine that <br /> no person holding any office of the City, either by election or <br /> appointment, is in any manner interested, either directly or <br /> indirectly, in his own name or the name of any other person, <br /> association, trust or corporation, in such contract of purchase. ' <br /> I <br /> Upon the sale of the Bonds, the Designated Officers <br /> shall prepare a notification of sale and application of the ; <br /> proceeds thereof to the Council, which shall include the 'i <br /> pertinent details - of sale as provided herein (the Hond �� <br /> Notification) , and such shall be entered into the records of the �I <br /> City and made available to all members of the Council at the next <br /> public meeting thereof; but such action shall be for information <br /> purposes only, and the Council shall have no right or authority <br /> at such t:ime to approve or reject such sale as evidenced in the <br /> Bond Notification. <br /> -35- <br />
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