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Authorizing Tax Anticipation Time Warrats for 1990
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Authorizing Tax Anticipation Time Warrats for 1990
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Last modified
11/9/2012 9:04:01 AM
Creation date
11/9/2012 9:04:00 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
2/26/1990
Ord-Res Number
8071-90
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Dated this oof day of 00/1/04 , 1990. <br /> CITY OF SOUTH BEND, INDIANA <br /> By: � . <br /> J E. Kernan, ayor <br /> ATTEST: City of South Bend, Indiana <br /> 4 <br /> Irene Gammon, City Clerk <br /> City of South Bend, Indiana <br /> COUNTERSIGNED: <br /> S' f. <br /> _ -`rte .4► <br /> q. atherine Hu' phrey Cit <br /> Controller, City of South <br /> Bend, Indiana <br /> Section 4. The City Controller is hereby authorized and directed <br /> to have the Warrants prepared and the Mayor, the City Controller and <br /> the City Clerk are hereby authorized and directed to execute all such <br /> Warrants in the manner and substantially in the form provided in the <br /> Ordinance. <br /> Section 5. The City Controller, on behalf of the City, is autho- <br /> rized to sell the Warrants at a price not less than the par value <br /> thereof to a purchaser or purchasers (the "Purchaser") in the denomi- <br /> nation of Five Thousand Dollars ($5,000.00), or integral multiples <br /> thereof, or in such other denominations or integral multiples there- <br /> of, as the City Controller may designate, or as a single Warrant for <br /> the total amount of the loan to such Fund evidenced by such <br /> Warrants. The Warrants shall be sold to the Purchaser pursuant to <br /> the purchase agreement (the "Purchase Agreement") between the City <br /> and the Purchaser, hereby authorized to be entered into and executed <br /> -6- <br />
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