1949 Ordinance - Laserfiche WebLink

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~~~o l~or the gurpoa• of pr~rri.diag the aeaessary meads to gay ~t a atsrest ea the feregoiag isaw of roads ~eaptly xhsa sad as the sago falls dtie, sad also to prride a farad sufficient t® disshargo the said asrial bonds at as#nrity, thors shall tin sad i• hereby 1oTied sa all the taxable property is the 6ty ~-f xorth Qlasted~ a direst ta: anaual3.y during the period said beads are is rnn is a, assuat siffiesat to pre~ride funds to pay interest upon said bonds as sad xhsi the case falls d~e,~aad also to protde a feed for t~sV discharge •f the prissipal of said serial bads at aaturity~ xhish taz shall sot be ls~a than tho atsrest sad siahcing feed ta: re4uirsd by Seatios 11 of rtisle III of the Coastitutiea, Said tat shall be sad is hereby ®rdered s®s~.. pntt,.d, s• • ~;evied sad ostondod ap~sn the taz dagiisato, sad colleetodil~y the sane officer is the saao aaaaor sad at the sass tine that tacos-for geasral purposes for Dash of said years era eertifisd~ eztsaded asd ssllaei. Said ta: shall be plassd bsfere sad is profereaee to all ether stets amt for the tm3.1 aaeuat thereof. ?hs funds dsri~+ed fry sua~ to loriss hereby rei.red shall be placed is a ssp-aratb and-distinct feed .chi #egsther xth a interest sellested of alto cats . shall ~e ir~oarosably pledged for the payaaat of principal aa~ is#oros# of said b~;ats rhea sad as the cats fall dux. 'phe said bonds shall eaEpross apes their fas• the purposs~ sr s they are issxed~ that Choy aro ssaod is garauaace of this ordiaaaso sad shall be signed by #h+r llaysr sad laditor, a~-d sealed xith the serpsrate seal of said City. '!hs iatersst ssapoaa attar to said bonds shall boar the fassitilo sigaatur• of the: Luditor. Said beads shall boar sash soasocatiTe aoabers as the ~diter shall dotertiae ?ghat said toad:.shall bs first offered at par sad assrasrest to tl~e ~aroasurer sad ®d`fieer is shares of the Sinking ltd sad if said. Treasurer sad Officer refuses to tak• say or all sf said bonds thoa said bonds sot s• ta~cea shall bo advertised fer p!rthlie sae sad •old is the nw~aer px*oTidsd by lax, l~~.ut sot fer loss than their par va.ltis and asorwd ii#orest;; the li~ond sale adnrtisetea# shall state that say .ono dseir~rg to do soy say prssoit a bid br bids for snslt bonds based #h~ir bearing a different rate of in#ot~s# than hsr•absfore fizsd, previdsd, howler that rher• a fractional a#erast rate is irid, such fracties aha~.3. be sae•~xartsr of sae per soa# eT aulti#ples thsreef ~ the precseds Eros thi sale sf said bonds, exc+axp#~ preai,na and ascr~-sit interest shall be used for the psr~usss afor~- said and far ae ether gurpese. i ~ The clerk is hereby dirodted t• ferrrard a certified copy b . t is th~dimaacs to the County Auditor. This t~rdinaace is hereby dealarsd to be as etergeacy t~+sia i ~+essa~'y for the publie health, poaa• and safety sad is preT3.de f~,~eodiatoly for the raising. of teaey for the gsrshas• of t©ter rehielos necessary is the operation of the 1[usicipal Sns Lino. PA38~4s march 2:, 1954. ~~. ,~ ,~, erns APPSflYB~.~ 1'. ei . S, `. ~eF v ~a ~`. ~ U k ~.