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the' City bearing interest at a rate or rates per annum not to exceed <br /> a maximum rate of eight percent (8%) , the exact rate or rates of <br /> interest to be determined by private sale as permitted by law. Such <br /> warrants shall be dated as of the date or dates of delivery of such <br /> warrants and the interest accruing on the warrants to the date of <br /> maturity shall be added to and included in the face value of the war- <br /> rants. The warrants shall mature and be payable on June 30, 1988. <br /> Warrants will bear interest at a rate or rates not to exceed eight <br /> percent (8%) per annum on any amounts not paid at maturity. Such <br /> warrants, including interest and all necessary costs incurred in <br /> connection with the issuance and sale of such warrants, shall be <br /> payable from the General Fund and there is hereby appropriated and <br /> pledged to the payment of such warrants, including interest and all <br /> necessary costs incurred in connection with the issuance and sale of <br /> such warrants, a sufficient amount of the current revenues to be <br /> received in the General Fund from the final June 30, 1988, distribu-. <br /> tion of taxes to the General Fund for the punctual payment of the <br /> principal of and interest on such warrants evidencing such temporary <br /> loan, together with such issuance costs, with the amount of interest <br /> on such warrants computed from the date or dates of such warrants to <br /> the date of maturity, at the interest rate or rates agreed to by the <br /> authorized purchaser or purchasers of such warrants. <br /> Section 2 . The City is hereby authorized to make a temporary <br /> loan to meet current expenses pursuant to the provisions of Indiana <br /> Code 36-4-6 for the use and benefit of the Park District Bond Fund of <br /> -5- <br />