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k~~ktC~ ~U. :i946 ~ bra. Sgalfling <br /> "G',~~C~l OT~?Z~1A3~~L provi.cil:n~; ttss.t thA Gitg aP T~I~ca~rood <br /> borrow tkas sum: cif <br /> one i~un~.~°eu 15aouesud T~aliars it';~OOs000.t~~3j ~c2 <br /> issue its Hate thea~for izs anticips tion of the eol.lection sat' the <br /> current revezausa in seed for the `fiscal gear lge~1. <br /> .`h..`,, in antioipation oT the eso2ieetian of the gurz'ent <br /> revenues iaa anc for #~e fiscal year 191, it is neaassaxy far the <br /> ~°%2ty ssf t+akev.oor3 td borro^s tbs su~'c of anew hundred 3'heusand vollsxrs <br /> (~1d0~0A0.©o) in order to pay the operatiz~, expenses of the various <br /> dsparGuzenta of the municipality, ane3 <br /> s?I~1'~ii:l~~ an esser~ency eaxista free provide said twada ~S.tkaout Qe« <br /> ley and to praviQe for the i~nasediats prsee,rvation at the publies <br /> pro$earty, health and araY'ety and for 'Chs usual daily apeax°ation a~ the <br /> various uiut~icipal departments, norour t'hare~fore, <br /> t b2 (3:~.I+~1;~~ ~5° 'i`Fffi C~3Ui~CTL ~1~ t~i~)) i2Y`.1'X i3~' :~Ot~; p d~'1'A'tfi <br /> 0~' QFi100 <br /> ~eeotian 1. '.31aat iri e~~atioipatian of t3xe aollectioz~ of tkse <br /> eurront revenue?a ixa anc~ tar We tieoal year 3,41, this Council <br /> hereby daaluros it neaessa~y to borrow the pua~ of (jne hunetred <br /> ihoi~eand Collars {~1W,t~iO.Ogj anei issue its scats therefor= <br /> t~kaiah amt7uz~t saes Hat excsefl one half' of the a~uaurst which iL <br /> is estimet®d ui11 be reoeived by the City trcm~ the next enaui`i~ <br /> semi.-annual Lusta],l~nent of taxes S°or suoh fiscal ye€+r, other <br /> then taxes to be rsaeived for txe payment of the dept c2u~rkros, <br /> and all e.dvenceai ate siaa so anticipated shall Tae steexaed <br /> appropriated for the payment of sucks note at maturity. "c'he <br /> note ak'~sll Hat run for a lamer period: tka~an six saonthe anct the <br /> proa~sacts therefrom mheiil bs used. a<^a1y #"or the pur,pf,aes f~ <br /> ~uiak> >:;c~t,r= taxes we;s~e levied, aoilectad and apkrnpriatead. <br /> 6eatfon 2. 2'Ysat a .Hats s2~11 be isAUeQ by the City of kxkpwoad <br /> in the ar,rra.~nt aP CMss klunt>rrsd sussnck :urallars (:;IUD,fl(X7.UUj <br /> <br /> - ahssll k~e dated the 16th day of .7anuriry 141, shall mature on or <br /> b~Sore six ~aanths froze tkse date tzaa~~eaf* +~n~i e<hall beer i*~teresst <br /> at t~Y.s rate eaf ens percent il~j per a»nu~:, paytekle at tine rza.turity <br /> taf the Hate. <br /> iut;h note eehall be presperod by tks8 i-ireotar° af' I.aty <br /> and sxecui~etk by the kHayor and I:°9.rsatbr of b"inazias ancY bear <br /> the seal az the carros~ztiou axed sha:.l e~cprsss upon its .'ace <br /> the purpose fps which it to l:saueae? Azad that it is issued <br /> pur$uaxst to tkais ozY3inance3• <br /> laid Y~;ate aha~3. 'fie first offered to the E~inkcing <br /> ~o: r.:lseian of the Gitx of I.z:3ca*~raara for not leas tkaan par <br /> and t~aca~ueti interest, and the praaaeda fr~s, astsCki sale except <br /> any prearFium and aoczrued intaeresii tkz~rrceon (and s~.aunt tkzex°eaP <br /> neacssr~ry for t1ae3 paytttertt of ~ntargst~ prior to tk~e r,~tur3tp <br /> of said note) alsall be paid into the pxroper fund suet i~nvci Pear <br /> the pox°poxzo afox•sgaSd ancz for n4ot~~er ,~>urpose. <br /> said uato shall bee the toil ~;ane;x°si obli~fictiou of <br /> ~t'~e City of ~+k.a~.csac~ and ttzo i`7231 faith, orefiit anc1 resv~n,~e~s <br /> of <br /> aceict ct~ are k:er°sbr, p1Qcf~;ed far the prompt psy~mant of tkza <br /> see. <br /> ~eet?on 3. ~'k!ia ox~~fi.iannae is hereby dsala~red tea Le an em€:r~;eznay <br /> rz3~;asure fpz° tkze reascanet szts=wed In thea k:ras~1'tle Y~~i»evP eaxe~, <br /> ~ravidcad it re;ce?iv~:s the s. €'t'ii~aas4,lte ve9tc~ erf ts~ro«tk~irc~s as s.ll <br /> <br />