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82-117 PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES OF DECEMBER 1982
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82-117 PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES OF DECEMBER 1982
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9/14/2016 3:31:39 PM
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9/14/2016 3:31:38 PM
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Resolution/Ordinance
Res Ord Num
82-117
Res Ord Title
PROVIDING FOR BORROWING MONEY & AUTHORIZING THE ISSUANCE OF $2,550,000 GENERAL OBLIGATION BONDS, SERIES OF DECEMBER, 1982, ...& PROVIDING FOR THE LEVY OF TAXES FOR THE PAYMENT OF THE PRINCIPAL OF & INTEREST ON SAID BONDS
Approved Date
12/7/1982
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j, � <br /> laws in order to assure that the foregoing taxes will be levied, <br /> extended and collected as provided herein and deposited in the <br /> fund established to pay the principal of and interest on said <br /> bonds. <br /> Section 5 . That forthwith as soon as this ordinance <br /> becomes effective, a copy hereof certified by the Clerk of said <br /> City, which certificate shall recite that this ordinance has been <br /> passed by the Council of said City, approved by the Mayor, and <br /> published as provided herein shall be filed with the County Clerk <br /> of Macon County, Illinois, and said County Clerk shall in and f or <br /> each of the years 1982 to 1991 , inclusive, ascertain the rate <br /> percent required to produce the aggregate tax hereinbefore provided <br /> to be levied in each of said years, respectively, and extend the <br /> same for collection on the tax books in connection with, but in <br /> addition to and in excess of all other taxes levied in each of I <br /> said years, respectively, in and by said City, and in each of <br /> said years such annual tax herein levied shall be collected by <br /> said City in like manner as taxes for all other purposes for each <br /> of said years are levied and collected, and when collected such <br /> taxes shall be used solely for the purpose of paying principal <br /> and interest upon the bonds herein authorized when same mature. <br /> Section 6. That forthwith after this ordinance has <br /> become effective as provided by law, the bonds herein authorized <br /> shall be executed and delivered to the Treasurer of said City <br /> and be by him delivered to Harris Trust and Savinas Bank, Chicago <br /> -11- <br />
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