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RM 07-07-60
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RM 07-07-60
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11/6/2012 3:48:07 PM
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Re solul <br />to be <br />No. 18 <br />4. Prior to the sale of said bonds, the City Controller shall cause <br />iblished a notice of such sale once each week for two weeks in two <br />newspapers published and of general circulation in the District, and at <br />least one time in The Indianapolis Commercial, a financial journal publish- <br />ed in the City of Indianapolis, Indiana and The Bond Buyer, a financial jour- <br />nal published in the City of New York, New York. The date fixed for the <br />sale sh " not be earlier than seven (7) days after the last of such publica- <br />tions. Said bond sale notice shall state the time and place of sale, the pur- <br />pose for which the bonds are being issued, the total amount thereof, the <br />maximian rate of interest thereon, the time and place of payment, the terms <br />and conditions upon which bids will be received and the sale made, and such <br />other irlormation 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1951 Replacement, then the bond sale notice shall not be published unless 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1951 Replacement, then the bond sale notice shall not be published unless 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 until the State Board of Tax Commissioners shall issue its order approv- <br />ing the issuance of said bonds. In the event it shall be determined by the <br />State Board of Tax. Commissioners, or otherwise, that the whole amount <br />of the bonds herein authorized shall not be issued, then the City Controller <br />shall be authorized to advertise and sell a lesser amount of bonds and the <br />bonds not issued and sold shall be the bonds of the latest maturity or maturi- <br />ties. <br />6 _ <br />
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