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ORDINANCE NO. 94-~
<br />gy; Councilman Lind
<br />AN ORDINANCE PROVIDING FOR THE ISSUANCE AND
<br />SALE OF $6,975,000 NOTES, IN ANTICIPATION OF THE
<br />ISSUANCE OF BONDS, FOR THE PURPOSE OF IMPROVING
<br />THE MUNICIPAL SANITARY SEWER SYSTEM BY
<br />CONSTRUCTING, RECONSTRUCTING, REHABILITATING
<br />AND REPLACING SANITARY SEWERS AND SANITARY
<br />SEWER CONNECTIONS AND BY IMPROVING AND
<br />EQUIPPING THE WASTEWATER TREATMENT PLANT,
<br />TOGETHER WITH THE NECESSARY APPURTENANCES
<br />AND WORK INCIDENTAL THERETO, AND DECLARING AN
<br />EMERGENCY.
<br />WHEREAS, pursuant to Ordinance No. 90-95, passed on September 18, 1990, notes
<br />in anticipation of bonds in the amount of $1,200,000, dated October 30, 1990, were issued for
<br />the purpose described in Section 1, which notes were retired at maturity with the proceeds of
<br />$1,200,000 notes dated May 30, 1991 issued in anticipation of bonds pursuant to Ordinance No.
<br />91-74, passed on May 21, 1991, which notes were retired at maturity with the proceeds of
<br />$1,200,000 notes dated February 13, 1992, issued in anticipation of bonds pursuant to Ordinance
<br />No. 92-8, passed on February 3, 1992, which notes were retired at maturity with the proceeds
<br />of $1,200,000 notes (the 1992-A Notes) issued in anticipation of bonds pursuant to Ordinance
<br />No. 92-92 passed on August 18, 1992, as a part of a consolidated issue of $3,990,000 Various
<br />Purpose Notes, Third Series, dated August 27, 1992; and
<br />WHEREAS, pursuant to Ordinance No. 91-85 passed on June 18, 1991, notes in
<br />anticipation of bonds in the amount of $1,775,000 were issued for the purpose described in
<br />Section 1, as a part of a consolidated issue of $4,200,000 Various Purpose Notes, Second Series,
<br />dated July 31, 1991, which notes were retired at maturity with the proceeds of $1,775,000 notes
<br />(the 1992-B Notes) issued in anticipation of bonds pursuant to Ordinance No. 92-32 passed on
<br />April 7, 1992, as amended by Ordinance No. 92-40 passed on April 21, 1992, as a part of a
<br />consolidated issue of $4,200,000 Various Purpose Notes, First Series, dated Apri123, 1992; and
<br />WHEREAS, pursuant to Ordinance No. 92-30 passed on Apri121, 1992, as amended
<br />by Ordinance No. 92-49 passed on May 5, 1992, notes in anticipation of bonds in the amount
<br />of $2,000,000 (the 1992-C Notes) were issued for the purpose described in Section 1, as a part
<br />of a consolidated issue of $3,400,000 Various Purpose Notes, Second Series, dated May 27,
<br />1992; and
<br />WHEREAS, the 1992-A Notes, the 1992-B Notes and the 1992-C Notes were retired
<br />at maturity with proceeds of $4,975,000 notes (the Outstanding 1992 Notes) issued in
<br />anticipation of bonds pursuant to Ordinance No. 92-159 passed on November 4, 1992, as a part
<br />of a consolidated issue of $5,100,000 Various Purpose Notes, Series 1992, dated December 16,
<br />1992, which outstanding 1992 Notes are to mature December 15, 1994; and
<br />WHEREAS, pursuant to Ordinance No. 93-14 passed on March 2, 1993, notes in
<br />anticipation of bonds in the amount of $2,000,000, dated April 20, 1993, were issued for the
<br />purpose described in Section 1, which notes were retired with the proceeds of $2,000,000 notes
<br />(the Outstanding 1994 Notes) issued in anticipation of bonds pursuant to Ordinance No. 94-2,
<br />passed on January 4, 1994, as a part of a consolidated issue of $2,510,000 Various Purpose
<br />
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