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No. 0018 adopted Res. No. 14 on May 5, 1960 declaring certain real estate in the South Bend Redevelopment District to be a blighted area
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No. 0018 adopted Res. No. 14 on May 5, 1960 declaring certain real estate in the South Bend Redevelopment District to be a blighted area
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Res <br />to be pi <br />newspa <br />least o3 <br />ed in tr <br />nal pub <br />sale sh <br />tions . <br />pose fo <br />No. 18 <br />4. Prior to the sale of said bonds, the City Controller shall cause <br />zblished a notice of such sale once each week for two weeks in two <br />rs published and of general circulation in the District, and at <br />time in The Indianapolis Commercial, a financial journal publish - <br />City of Indianapolis, Indiana and The Bond Buyer, a financial jour <br />shed in the City of New York, New York. The date fixed for the <br />ll not be earlier than seven (7) days after the last of such publica- <br />aid bond sale notice shall state the time and place of sale, the pur- <br />which the bonds are being issued, the total amount thereof, the <br />maximum rate of interest thereon, the time and place of payment, the terms <br />and co ditions upon which bids will be received and the sale made, and such <br />other i formation as the City Controller shall deem necessary. The notice <br />of said sale shall not, however, be published prior to the expiration of the <br />period during which taxpayers may file remonstrances or objecting petitions <br />to the issuance of said bonds. In the event a remonstrance shall be filed by <br />owners of taxable real estate under the provisions of Sec. 313 Burns Statutes <br />1951 Replacement, then the bond sale notice shall not be published unless <br />and until the Redevelopment Commission shall have determined that such <br />remonstrance is insufficient. In the event an objecting petition or petitions <br />are filed by taxpayers under the provisions of Sec. 64 -1332 Burns Statutes <br />1951 Replacement, then the bond sale notice shall not be published unless <br />and unt'1 the State Board of Tax Commissioners shall issue its order approv- <br />ing the ssuance of said bonds. In the event it shall be determined by the <br />State B and of Tax Commissioners, or otherwise, that the whole amount <br />of the b nds herein authorized shall not be issued, then the City Controller <br />shall <br />bonds <br />ties. <br />authorized to advertise and sell a lesser amount of bonds and the <br />issued and sold shall be the bonds of the latest maturity or maturi- <br />6 - <br />
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