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82-23 PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION SURFACE WATER DRAINAGE SYSTEM BONDS, SERIES OF 1982
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82-23 PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION SURFACE WATER DRAINAGE SYSTEM BONDS, SERIES OF 1982
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Last modified
9/15/2016 11:24:14 AM
Creation date
9/15/2016 11:24:13 AM
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Resolution/Ordinance
Res Ord Num
82-23
Res Ord Title
PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF $10,750,000 GENERAL OBLIGATION SURFACE WATER DRAINAGE SYSTEM BONDS, SERIES OF 1982...
Approved Date
2/25/1982
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-13- <br /> Amount of Tax Levied Sufficient to <br /> Year Produce the Sum of: <br /> 1982 $1,365,647.49 for interest up to July l, 1984 <br /> (excludes capitalized interest <br /> to July 1, 1983) <br /> 1983 1,365 ,647 .50 for interest <br /> 1984 1,365,647.50 for interest <br /> 1985 1,365 ,647.50 £or interest <br /> 1986 1,365 ,647.50 Por interest <br /> 1987 1,365 ,647.50 for interest <br /> 1988 1,365,647.50 for interest <br /> 1989 1,925,691.25 for interest and principal <br /> 1990 1,925 ,535 •00 for interest and prncipal <br /> 1991 1,924 ,091.25 for interest and principal <br /> 1992 1,910,3�7•50 for interest and principal <br /> 1993 1,9�7,997 •50 for interest and principal <br /> 1994 1,895 ,253 •75 for interest and principal <br /> 1995 1,889,637 •50 for interest and principal <br /> 1996 1,873,840.00 for interest and principal <br /> 1997 1,865 ,222 •50 for interest and principal <br /> 1998 1,85� ,840.00 for interest and principal <br /> In the event proceeds of taxes hereby levied are not <br /> available in time to meet any payments of principal of and interest <br /> upon said bonds, then the fiscal officers of said City are hereby <br /> di rected to make such payments f rom any current funds of the City <br /> that are available for that purpose in advancement of the collection <br /> of said taxes herein levied and when the proceeds of such taxes <br /> herein levied are received, such funds shall be reimbursed, all <br /> to the end that the credit of the City may be preserved by the <br /> prompt payment of the principal of and interest on the bonds herein <br /> authorized as the same may become due. � <br /> The City and its officers will take no action, nor fail <br /> to take any required action, which in any way would adversely <br /> affect the levy and collection of the taxes for the payment of <br /> the bonds and will comply with all present and future applicable <br />
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