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accrued interest as stated below, in anticipation of current tax <br /> revenues actually levied and in the course of collection for such <br /> Fund for the year 1990, which loan shall be evidenced by tax <br /> anticipation time warrants of the City bearing interest at a rate or <br /> rates per annum not to exceed a maximum rate of eight percent (8%), <br /> the exact rate or rates of interest to be determined by private sale <br /> as permitted by law. Such warrants shall be dated as of the date or <br /> dates of delivery of such warrants and the interest accruing on the <br /> warrants to the date of maturity shall be added to and included in <br /> the face value of the warrants. The warrants shall mature and be <br /> payable on December 31, 1990. Warrants will bear interest at a rate <br /> or rates not to exceed eight percent (8%) per annum on any amounts <br /> not paid at maturity. Such warrants, including interest and all <br /> necessary costs incurred in connection with the issuance and sale of <br /> such warrants, shall be payable from the General Fund and there is <br /> hereby appropriated and pledged to the payment of such warrants, <br /> including interest and all necessary costs incurred in connection <br /> with the issuance and sale of such warrants, a sufficient amount of <br /> the current revenues to be received in the General Fund from the <br /> distribution of taxes to the General Fund on or before December 31, <br /> 1990, for the punctual payment of the principal of and interest on <br /> 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 /> -3- <br />