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9589-05 Authorizing Controller and Mayor to make temporary loans to meet current running expenses of various funds of current taxes levied in 2004, collectable in 2005
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9589-05 Authorizing Controller and Mayor to make temporary loans to meet current running expenses of various funds of current taxes levied in 2004, collectable in 2005
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Last modified
12/13/2010 10:30:34 AM
Creation date
2/19/2008 3:36:16 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
5/9/2005
Ord-Res Number
9589-05
Bill Number
24-05
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TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: <br />Your Committee of the Whole, to whom was referred: <br />BILL NO. <br />24-05 A BILL OF THE COMMON COUNCIL OF THE CITY OF <br />SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR <br />AND OR CONTROLLER OF THE CITY OF SOUTH BEND <br />TO MAKE TEMPORARY LOANS TO MEET CURRENT RUNNING <br />EXPENSES OF VARIOUS FUNDS OF THE CITY IN ANTICIPATION <br />OF AND NOT IN EXCESS OF CURRENT TAXES LEVIED IN THE <br />YEAR 2004, AND COLLECTABLE IN THE YEAR 2005, AUTHORIZING <br />THE ISSUANCE OF TEMPORARY LOAN TAX ANTICIPATION <br />TIME WARRANTS TO EVIDENCE SUCH LOANS AND THE SALE <br />OF SUCH WARRANTS AND APPROPRIATING AND PLEDGING <br />THE TAXES TO BE RECEIVED IN SUCH FUNDS TO THE <br />PAYMENT OF SUCH WARRANTS INCLUDING THE INTEREST <br />THEREON <br />Respectfully report that they have examined the matter and that in their opinion, this bill <br />is being recommended to the full Council with a favorable recommendation as <br />substituted by adding in actually numbers. <br />Roland Kelly <br />Chairman <br />
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