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60-82 Improve WWTP - BAN
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60-82 Improve WWTP - BAN
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Last modified
5/14/2013 3:04:45 PM
Creation date
8/21/2003 7:25:31 AM
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Office Of Council
Document Type
Ordinances
Date
8/21/2003
Date Adopted
7/6/1982
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certified, levied and extended upon the tax duplicate and collected by <br />the same officers, in the same manner and at the same time that taxes <br />for general purposes of each of saidyears are certified, extended and <br />collected. Said tax shall be placed before and in preference to all <br />items and for the full amount thereof. The funds derived from said tax <br />levies hereby required shall be placed in a separate and distinct fund <br />which, together with the interest collected on the same, shall be ir- <br />revocably pledged for the payment of the principal of and interest on <br />the Notes or the bonds in anticipation of which they are issued, when <br />and as the same falls due; provided, however, that in each year to the <br />extent that revenues are available from other sources for the payment of <br />the Notes and bonds and are appropriated for such purpose, the amount of <br />such direct tax upon all of the taxable property in the City shall be <br />reduced by the amount of such revenues so available and appropriated. <br /> <br /> Section 8. It is hereby determined and recited that all acts, <br />conditions and things necessary to be done precedent to and in the <br />issuing of the Notes in order to make them legal, valid and binding <br />obligations of the City of Lakewood, will have been done and performed <br />in regular and due form as required by law; and that no limitation of <br />indebtedness or taxation, either statutory or constitutional, will have <br />been exceeded in the issuance of said Notes. <br /> <br /> Section 9. The Clerk of Council is hereby directed to forward <br /> a certified copy of this ordinance to the County Auditor. <br /> <br /> Section 10. The Mayor and Director of Finance., or either of <br /> them, are authorized to prepare, execute and deliver to the original <br /> purchaser of the Notes a preliminary and final Official Statement or any <br /> other appropriate disclosure document in connection with the sale and <br /> delivery of the Notes. <br /> <br /> Section 1i. It is found and determined that all formal ac- <br /> <br />-5- <br /> <br /> <br />
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