Laserfiche WebLink
SECTION 4. That the faith, rsvenue~ and credit of ~ City <br /> <br />bends ~re 2o ~ <br />to ~ interest ~on <br />d~, ~d ~sO to ~oVldO a fund for She dis~rge of the <br /> <br /> ~ S~l ~ ~ ia h~eby ordered computed. <br /> <br /> e~e offioor~ in the s~e m~er a~ at t~ <br />a~e tim~ t~e~ for ~n~r~ ~po~ea for each of 8~id ye~a <br />~e oertif~ed, existed ~d collected. Said <br /> <br />levy hereby required shall l~e placed in a separate and dim- <br />tinct fund whici~, t~gether with ~.11 interest on the S~me, ~h~l <br />~ lrr~ooa~ly .~ledged for thc D~en% of interest ~ ~rin~ <br />clp~ of of said B~nd8 when ~d as ~e e~ f~l~ due. <br /> <br />~CTZON ~. Tha~ ~ald l~ond~ ~hal~ Be first offered at ~ ~d <br />accrued l~tereet t~ ~e S~ing F~d Co~m~e~on ~n ~e~r <br />Offiel~ ca. city ~ if 8~ld Co~iosion refuao~ to take <br />0r ~ of said ~ndo~ th~n ~aid bond~ not ac t~en 0~1 be <br />~ffered at D~ ~d ao~u~d interest to tl~e ~o~d of Coat.stoners <br />f ~e ~inkl~ Fm~d of the City ~ol District 9f tho City <br />L~ewood. ~d If e~ld $o~aaloners ref~ to t~ a~ or ~1 <br />of ma~d ~ th~n ~a~d B~na~ not~ t~en m~ Be~vert~ed <br /> <br />for interest eliall ~? used for the purposes aforesaid and <br />for n~ ether ~arposes. The ~re~lu~ ~ud accrued interest <br />received from a,~ld oa[e ~nd ~tmt of e~d ~cnd~ ~s~ed for <br /> <br />to ~ ~ppliod by ~hem In p~ont of ~he prinolD~ ~ ~nterest <br />of m' t~ ~ond~ in ~e m~uer pt, ovided ~y law. <br /> <br />for~ard a oertif?d oop~.of this O~inm~o~- t0 tho Oo~ty A~itor <br />as required ~ Sectio~ ~649-Xb of the ~ener~l Code. <br /> <br />~CTZON ~. ~t this Ordin~oc tm deol~d to ~e ~ e~ergcncy <br />~as~e eff~ctive forthwi~ a~ at th~ e~il~t period a~owed <br />Approved :_ = E' A~ .Wieg~d.~- ~e s Gormsen <br /> President <br /> Febru~y 16th, 192~ <br /> <br /> <br />