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6094 PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF $6,400,000 SURFACE WATER DRAINAGE SYSTEM BONDS, SERIES OF 1975
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6094 PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF $6,400,000 SURFACE WATER DRAINAGE SYSTEM BONDS, SERIES OF 1975
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Last modified
10/10/2016 4:35:12 PM
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10/10/2016 4:35:11 PM
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Resolution/Ordinance
Res Ord Num
6094
Res Ord Title
PROVIDING FOR BORROWING MONEY AND AUTHORIZING THE ISSUANCE OF $6,400,000 SURFACE WATER DRAINAGE SYSTEM BONDS, SERIES OF 1975...
Approved Date
6/23/1975
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� i4 <br /> Section 5. That forthwith as soon as this ordinance be- <br /> comes effective, a capy hereof certified by the �terk of said City, <br /> �ich eertificate shall recite that this ordir�ance has been passed <br /> by the Council o� said City, approved by the Mayor, and published as <br /> provided by the ordinance of the City adopted on March 10, 1975, <br /> shall be filed with the County Cls rk of Macoa Caunty, Illinois, and <br /> said County Clerk shall in and for each of the years 1975 to 1988, <br /> inclusive, ascertai.n the rate perceat required to produce the aggt're- <br /> gate tax hereinbefore provided to be levied in each of said years, <br /> respectively, and extend the same for collect ion on the tax books in <br /> connection with, but in addition to and in excess of all other tax�es <br /> levied in each of �aid years, respectively, ia and by said City, and <br /> in each of said years such annual tax herein levied shall be collected <br /> by said City in like mannar as taxes for all other purposes for each of <br /> said years are levied and collected, and �he�a collected such taxe� shall <br /> be used solelq for the purpose cf paying principal and i,nterest upon the <br /> bonds herei.n authorized �ien same mature. <br /> Section 6. That forthaith after this ordinance has become ef- <br /> fective as p�ovided by law, the Council shall proceed with the sale of <br /> the bonds herein authorized at such tiffie and in such manner as it may <br /> determine to be for the best interest� of the City �nd fox the sale of <br /> the bonds at a price of not less than par and accrued interst up to and <br />
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