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Authorizing Tax Anticipation Time Warrants for 1991
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Authorizing Tax Anticipation Time Warrants for 1991
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Last modified
10/23/2012 12:25:32 PM
Creation date
10/23/2012 12:25:30 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
2/11/1991
Ord-Res Number
8171-91
Bill Number
12-91
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Section 4. 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 /> (City of South Bend, Indiana Fund, 1991) <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 31st day of December, 1991, with <br /> interest thereon at the rate of ( o) <br /> per annum from the date hereof to the date of payment, which interest. <br /> is payable on the maturity date hereof. This Warrant will bear <br /> interest at the rate of ( %) per annum on any amounts <br /> not paid at 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 of Society <br /> Bank, Indiana., South Bend, Indiana, as Paying Agent, or any appointed <br /> successor Paying Agent upon presentation on or after their maturity <br /> date. <br /> This Warrant is one of an issue aggregating <br /> Dollars ( $ ) and is issued pursuant to and in accordance <br /> with Ordinance No. duly adopted by the City of South Bend, <br /> Indiana, Common. Council on , 1991, and in <br /> strict conformity with IC 36-4-6 and all statutes pertaining or <br /> supplemental thereto, in order to provide funds for and to evidence a <br /> temporary loan to meet current expenses of the City of South Bend, <br /> Indiana Fund. This Warrant is issued in anticipation <br /> of and is payable out of taxes levied and in the course of collection <br /> of such Fund during the year 1991. <br /> It is hereby certified that all acts, conditions, and things to <br /> be done precedent to and in the execution., issuance and delivery of <br /> this Warrant have been done and performed in regular and due form, as <br /> provided by law, and this Warrant is within every limit of <br /> indebtedness prescribed by the constitution and laws of the State of <br /> Indiana. Sufficient amounts of revenues from taxation for the City <br /> of South Bend, Indiana Fund, from levies now in the <br /> process of collection for the year 1991, are hereby irrevocably <br /> appropriated and pledged to the punctual payment of the principal and <br /> interest of this Warrant according to its terms.. The consideration <br /> for this Warrant is a loan made to the City of. South Bend, Indiana, <br /> in ant ici nati nn of ciu-h i-asrac <br />
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