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tYie City in an aggregate principal amount not to exceed Six Hundred <br /> Thousand Dollars ($600, 000) , plus accrued interest as stated below, <br /> in anticipation of current tax revenues actually levied and in <br /> thecourse of collection for such Fund for the year 1988, which loan <br /> shall be evidenced by tax anticipation time warrants of the City <br /> bearing interest at a rate or rates per annum not to exceed a maximum <br /> rate of eight percent (8%) , the exact rate or rates of interest to be <br /> determined by private sale as permitted by law. Such warrants shall <br /> be dated as of the date or dates of delivery of such warrants and the <br /> interest accruing on the warrants to the date of maturity shall be <br /> added to and included in the face value of the warrants. The war- <br /> rants shall mature and be payable on June 30, 1988. Warrants will <br /> bear interest at a rate or rates not to exceed eight percent (8%) per <br /> annum on any amounts not paid at maturity. Such warrants, including <br /> interest and all necessary costs incurred in connection with the <br /> issuance and sale of such warrants, shall be payable from the Park <br /> District Bond Fund and there is hereby appropriated and pledged to <br /> the payment of such warrants, including, interest and all necessary <br /> costs incurred in connection with the issuance and sale of such <br /> warrants, a sufficient amount of the current revenues to be received <br /> in the Park District Bond Fund from the final June 30, 1988, distribu- <br /> tion of taxes to the Park District Bond Fund for the punctual payment <br /> of the principal of and interest on such warrants evidencing such <br /> temporary loan, together with such issuance costs, with the amount of <br /> -6- <br />