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9511-04 Authorizing the Mayor and Controller to make temporary loans to meet current taxed leveid for the year 03, and collectable in 04
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9511-04 Authorizing the Mayor and Controller to make temporary loans to meet current taxed leveid for the year 03, and collectable in 04
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Last modified
1/18/2011 11:07:35 AM
Creation date
4/17/2008 3:53:08 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
5/24/2004
Ord-Res Number
9511-04
Bill Number
34-04
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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 />34 - 04 A BILL OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, AUTHORIZING THE MAYOR AND. OR CONTROLLER OF THE <br />CITY OF SOUTH BEND TO MAKE TEMPORARY LOANS TO MEET <br />CURRENT RUNNING EXPENSES OF VARIOUS FUNDS OF THE CITY IN <br />ANTICIPATION OF AND NOT IN EXCESS OF CURRENT TAXES LEVIED IN <br />THE YEAR 2003, AND COLLECTABLE IN THE YEAR 2004, AUTHORIZING <br />THE ISSUANCE OF TEMPORARY LOAN TAX ANTICIPATION TIME <br />WARRANTS TO EVIDENCE SUCH LOANS AND THE SALE OF SUCH <br />WARRANTS AND APPROPRIATING AND PLEDGING THE TAXES TO BE <br />RECEIVED IN SUCH FUNDS TO THE PAYMENT OF SUCH WARRANTS <br />INCLUDING THE INTEREST 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 the adding the correct dollar amounts in the blanks spaces. <br />Sean Coleman <br />Chairman <br />
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