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90-16 ABATING LEVY GENERAL OBLIGATION BONDS SERIES OF DECEMBER, 1982
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90-16 ABATING LEVY GENERAL OBLIGATION BONDS SERIES OF DECEMBER, 1982
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Resolution/Ordinance
Res Ord Num
90-16
Res Ord Title
ABATING LEVY GENERAL OBIGATION BONDS SERIES OF DECEMBER, 1982
Approved Date
1/29/1990
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ORDINANCE N0. � V � / `�' <br /> ORDINANCE ABATING LEVY <br /> GENERAL OBLIGATION BONDS <br /> SERIES OF DECEN�ER, 1982 <br /> WHEREAS, by Ordinance No. 82-117 passed and approved December 7, 1982, <br /> the Council caused general obligation bonds of the City to be issued and did <br /> levy therein certain sums to pay the principal of and interest on said bonds; <br /> and, <br /> WHEREAS, funds other than those raised by general taxation have or will <br /> become available to timely pay such principal and interest as the same become <br /> due in calendar 1991. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the levy for the year 1989 imposed by the provisions of <br /> Ordinance No. 82-117 in the amount of $441,087.50 be, and the same is hereby, <br /> abated. <br /> Section 2. That the County Clerk of the County of Macon, Illinois, be, <br />, and he is hereby, directed to refrain from extending said levy for sai3 year. <br /> Section 3. That the City Treasurer be, and she is hereby, authorized <br /> and directed to timely pay said principal and interest from other funds of the <br /> City in the amount aforesaid which said funds are hereby aFpropriated for said <br /> purpose. <br /> Section 4. That the City Clerk be, and she is hereby, authorized and <br /> directed to cause a certified copy of this ordinaace to be filed with said <br /> County Clerk. <br /> PRESENTED, PASSED, APPROVED AND RECORDED this � � day of <br /> , 1990. <br /> MAYOR <br /> ATTEST: <br /> � 1 <br /> ITY CLE K <br />
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