My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Authorizing Tax Anticipation Time Warrats for 1990
sbend
>
Public
>
Common Council
>
Legislation
>
Ordinances
>
1990
>
Authorizing Tax Anticipation Time Warrats for 1990
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/9/2012 9:04:01 AM
Creation date
11/9/2012 9:04:00 AM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
2/26/1990
Ord-Res Number
8071-90
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
11
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
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 />
The URL can be used to link to this page
Your browser does not support the video tag.