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3354 - 33 BAN - $125,000
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1933
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3354 - 33 BAN - $125,000
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Last modified
5/14/2013 3:08:47 PM
Creation date
12/19/2005 5:36:24 AM
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Office Of Council
Document Type
Ordinances
Date
12/19/2005
Date Adopted
1/3/1933
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AN ORDIItAMOB providAn~ fop the box~wXag of mone~ ~ the sum <br />of OB hundred Twenty-Five T~IOU~ABD_DoXlers, _, <br />issuance by the Glt~ of Lakewood or a note therefore in anticipation <br />of t~e eolleetXmu of outwent ~evenues in an~ fo~ tl~e fiscal ~ea~ 19~ <br />and deela~in~ the nooesslt2 of t&e lsmumoe of said nots foF such <br />p~rpoees and deolerXn~ an maerSenoy. <br /> <br /> lfl~EA~, it ia noeessa~7 in antXelpatXon of the eolleotim of <br />~ant Fev~ues ~n ~d fo~ ~he f~o~al 20~ lOSS foF the cl~~°ffe~ke- <br />~ to bo~v ~e~ ~d issue a note the~efo~ ~n t~ m ~ <br /> <br /> I~Jff;REA~. an emerAenc~' exists to provide said funds witAout dele7 . <br />for the ~edtate preservation of the public propert2~ health and <br />tyo and to provide for the usual daily ope~at~o, o£ said mm~eipal depa~ <br />ment It <br /> <br />wooo~ ~0. tW~as of ~ e~r~ eo~~ <br /> ~eo~Xon 10 ~t ~n ~t~oX~tXon ~ ~ collection of cu~en~ <br />revenues In a~ foF ~ rLoo~ ~eaF X~ ~s oo~c~ ho~ declass <br />l~ neoeos~ ~o ~rrow ~ne~ ~ issue a ~e ~rofor ~n ~e <br /> <br />does nec e~e~ one-~ ~ t~ ~t osti~t~ to Ge ~ceXved fFom <br />the ne~t eneu~ o~-a~l installment of t~es for ~oh Fiscal <br />as eat~te~ ~ ~ Gu~et Oo~ieaion, ot~r t~ taxes ~o be <br />for the p~m~t of de~t ~Aea ~d all advises. ~e a~ so <br />o~alX be deued appr~t~ for ~AG ;~2~nt of ou~ note at <br />The note ah~l not r~ for a Longer perl~ t~ slx ~nt~s od the <br />p~ooee~e there~ o~XX be ued only for the ~ooes for <br />t~ee were l,v~ed, ~lleot~ ~d ~p~pr~at~. <br /> <br /> 8eetl~ 2, ~t ~GA nots ~ ~e ~t of One ~dPed <br /> <br />at the ~ate ~ ~ poF o~t~ peF ~n~, pa~ablo at maturity, <br />nots shall be ~ted ~e 5~h d~ ~.-~... ......... .... ~ . 10~, ~d ~11 <br />~ o~ befoPe 8Xx mn~ ~ ~te' of note. <br /> <br /> Such note shall ~o p~epa~ed by the DX~oetor of Law and executed <br />b3 the ~ayor ~ D~reGto~ or ~ee ~ be~ ~e ee~ of the co~por- <br />eaton ~d ~ll express upon its fnoe the p~ee for vh~e~ ~t ia <br /> <br />ise~,ed~ and ~Bet it is issued pursuant to this ordinance. - <br /> <br /> Said note ~ll be first offered to ~e Sl~ ~d Co. LooSen <br />of t~e C~t7 of bkeweod fo~ not less th~ pa~ ~ aeo~ed tnto~ea~. <br />~ proceeds fro~ Bush sale e~oept ~ p~ml~ ~d ~o~ed <br />theFe~ (~d ~o~t ~eof nooeoo~ foF taw ps,est of tnteree~ p~oF <br />to t~ ~t~tt~ ~ enid note ] e~ll bO paid into the P~0PO~ <br />used for the p~pole8 ~oreaaXd ~d ~or no o~e~ purpose. <br /> <br /> Said note ~l bo ~ho ~1 gene~ obligation of the City of Lsko- <br />~o~ ~l the full fat~, e~tt ~d Pevonuos of eat~ city ars <br />ple~ed fo~ the pro~t ~2ment ~ the <br /> <br /> seatton a, ~t this o~na~e ia hePeb7 declared co be an <br /> <br />~ell t~e offee~ ~ bo ~ force ~d%atel7 u~n ~tf a~ption <br /> <br /> <br />
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