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Authorizing Sale of Bonds Improvement Morris Civic Auditorium
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Authorizing Sale of Bonds Improvement Morris Civic Auditorium
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Last modified
12/16/2013 9:15:37 AM
Creation date
12/11/2013 2:03:34 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
10/11/1971
Ord-Res Number
5342-71
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Section 4. As soon as can be done after the passage of this ordinance, <br />the City Clerk shall give notice of the filing of the petition for the issuance of <br />and the determination to issue bonds. Said notice shall be published once each <br />week for two (2) weeks in the South Bend Tribune and the Tri- County News, the <br />same being newspapers published in the City of South Bend, Indiana and rep- <br />resenting the two (2) leading political parties, and copies of said notice shall <br />also be posted in three (3) public places in the City, as provided by I C 1971, <br />6- 1 -46 -7 and I C 1971, 6- 1 -1 -25. <br />Said bonds shall not be advertised for sale prior to the expiration of the <br />Period during which taxpayers may file remonstrances or objecting petitions to <br />the issuance of said bonds. In the event a remonstrance shall be filed by the <br />owners of taxable real estate under the provisions of C 1971, 6- 1 -46 -7, then <br />no further steps towards the issuance of said bonds shall be taken unless and <br />until the Common Council shall have determined that such remonstrance is <br />insufficient. In the event an objecting petition or petitions are filed by taxpayers <br />under the provisions of I C 1971, 6- 1 -1 -25, then no further steps towards the <br />issuance of said bonds shall be taken unless and until the State Board of Tax <br />Commissioners shall issue its order approving the issuance of said bonds. <br />In the event it shall be determined by the State Board of Tax Commissioners, <br />or otherwise, that the whole amount ofthe bonds herein authorized shall not be <br />issued, then the City Controller shall be authorized to advertise and sell a lesser <br />amount of bonds, and the bonds not issued and sold shall be the bonds of the <br />longest maturity or maturities. <br />Section 5. Prior to the sale of said bonds the City Controller shall cause <br />to be published a notice of such sale once each week for two (2) weeks in the <br />said South Bend Tribune and the Tri- County News. Prior to the sale of said bonds <br />the City Controller shall also cause to be published a notice of such sale once each <br />- 7 - <br />
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