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Authorizing Tax Anticipation Time Warrents for 1992
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Authorizing Tax Anticipation Time Warrents for 1992
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Last modified
10/18/2012 8:57:05 AM
Creation date
10/18/2012 8:57:04 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
1/27/1992
Ord-Res Number
8238-92
Bill Number
6-92
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such warrants evidencing such temporary loan, together with such. <br /> issuance costs, with the amount of interest on such warrants computed. <br /> from the date or dates of such warrants to the date of maturity, at <br /> the interest rate or rates agreed to by the authorized purchaser or <br /> purchasers of such warrants. <br /> Section 2. The tax anticipation time warrants issued hereunder <br /> with respect to the General Fund are referred to herein collectively <br /> as the "Warrants" . All Warrants shall be executed in the name of the <br /> City by the original or facsimile signature of the Mayor of the City, <br /> countersigned by the City Controller, and the corporate seal of the <br /> City or a facsimile thereof shall be affixed thereto or printed <br /> thereon and attested by the original or facsimile signature of the <br /> City Clerk. All Warrants shall be payable at the office of Valley <br /> American Bank, 101 N. Main, South. Bend, Indiana., as Paying Agent, or <br /> any appointed successor Paying Agent upon presentation on or after <br /> their maturity date. <br /> Section 3 . All Warrants shall be issued in substantially the <br /> following form (all blanks, including the appropriate Fund, amounts, <br /> dates, statutory citations and other information, to be properly <br /> completed prior to the execution and delivery thereof) ; <br /> UNITED STATES OF AMERICA <br /> STATE OF INDIANA <br /> CITY OF SOUTH BEND <br /> No. $ <br /> CITY OF SOUTH BEND TAX ANTICIPATION TIME. WARRANT <br /> FOR VALUE RECEIVED, the City of South Bend, in the State of <br /> Indiana, promises to pay to the bearer hereof the sum of <br /> Dollars ( $ ) on the <br /> 31st day of December, 1992, with interest thereon at the rate of <br /> ( %) per annum from the date <br /> hereof to the date of payment, which interest is payable on the <br /> maturity date hereof. This Warrant will bear interest at the rate <br /> of ( %) per annum on any amounts not paid at <br /> maturity. <br /> Both principal of and interest on this Warrant are payable in <br /> lawful money of the United. States of America at the Office. <br /> of _ Smith RE?nd _ Tnai ana _ ac DaNri nrr <br />
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