My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
91-58 PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991
COD
>
City Clerk
>
ORDINANCES
>
1991
>
91-58 PROVIDING FOR THE ISSUE OF GENERAL OBLIGATION BONDS, SERIES 1991
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/22/2016 2:16:19 PM
Creation date
8/22/2016 2:16:16 PM
Metadata
Fields
Template:
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
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
41
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
. <br /> The Designated Officers shall also file with the County <br /> Clerk of The County of Macon, Illinois, as aforesaid, the Bond <br /> Notification or like document including a statement of abatement <br /> of taxes, if appropriate, in the event the Bonds are sold at an <br /> interest rate or rates more favorable than the maximum rate <br /> provided in this Ordinance. <br /> Section 10. In the event that amounts are not avail- <br /> able in time to make any payments of Compound Accreted Value of, <br /> principal of or interest on the Bonds when due, then the fiscal <br /> officers of the City are hereby directed to make such payments, <br /> if any, from any other moneys, revenues, receipts, income, assets <br /> or funds of the City that are legally available for that purpose <br /> in advancement of the collection of such taxes and when the pro- <br /> ceeds of the taxes are received, such other funds shall be re- <br /> plenished, all to the end that the credit of the City may be <br /> preserved by the prompt payment of the Compound Accreted Value <br /> of, principal of and interest on the Bonds as the same become <br /> due. <br /> Section 11. A copy of this Ordinance, duly certified <br /> by the City Clerk,- shall be filed in the respective offices of <br /> the County Clerk of Macon County, Illinois (the "County Clerk" ) , <br /> and such filing shall constitute the authority for and it shall <br /> be the duty of said County Clerk, in each year beginning in 1991, <br /> to and including 2014, to extend for collection the taxes levied <br /> pursuant to Section 7 hereof for the payment of the Bonds, such <br /> -36- <br />
The URL can be used to link to this page
Your browser does not support the video tag.