No. 0413 authorize issuance of bands for the purpose of defraying expenses - Project IN R-66

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ro-11 FJ 3. As soon as may be done after the adoption of this Resolution, the Executive Director shall give notice of the filing of the petition for and determination to issue bonds as required by IC 1971, 6- 1 -46 -7 and 6- 1 -1 -25 (Section 64 -1910 and Section 64 -1915 of Burns; Indiana Statutes). Said notice shall be published once each week for two weeks in two news- papers of general circulation in the District, and said notice shall also be posted in three (3) public places in the District. 4. Prior to the sale of said bonds, the City Controller shall cause to be published a notice of such sale once each week for two weeks in two newspapers published and of general circula- tion in the District, at least one time in The Indianapolis Commercial, a financial journal published in the City of Indiana- polis, Indiana, and at such other times in such publications as he determines necessary. The date fixed for the sale may not be earlier than fifteen (15) days after the last of such publication. Said bond sale notice shall state the time and place of sale, the purpose for which the bonds are being issued, the total amount thereof, the maximum rate of interest thereon, the time and place of payment, the terms and conditions upon which bids will be received and the sale made, and such other information as the City Controller determines necessary. Said notice shall also stipulate that no bids at discount may be accepted. The notice of said sale shall not, however, be published prior to the expiration of the period during which taxpayers may file remonstrances or objecting petitions to the issuance of said bonds. In the event a remonstrance shall be filed by owners of taxable real estate under the provisions if IC 1971, 6- 1 -46 -7 (Section 64 -1910 of Burns; Indiana Statutes),