Authorizing the Making of a Temporary Loan for the General Fund Issuance and Sale of Warrants 1969

Home Browse Search

STATE OF INDIANA COUNTY OF ST, JOSEPH CITY OF SOUTH BEND, INDIANA Temporary Loan Warrant (General Fund) For value received, the City of South Bend, in St. Joseph County, Indiana, will pay to the bearer hereof, being , $ on or before , 19 at the office of the City Treasurer in said City upon presentation and surrender of this warrant. This warrant evidences a temporary loan to the City together with interest on the principal amount of said loan not in excess of 6% per annum, computed from the date of issuance to the date of maturity thereof. This warrant is one of an issue in an aggregation of $ authorized by an ordinance entitled "An Ordinance of the City of South Bend, Indiana, authorizing the making of a temporary loan for the General Fund and the issuance and sale of warrants of the City for such purpose," duly passed and adopted by the Common Council of said City, on the day of , 19_1 and in strict accordance with an act entitled "An Act concerning Muni- cipal Corporations," in force April 15, 1905, and all other acts amendatory thereof or supplemental thereto, for the purpose of procuring a temporary loan for the General Fund of said City. This warrant is issued in anticipation of the tax levy made for said General Fund, collectable in the year 19_, which tax levy is now in the course of collection; and, to the payment of the warrant and the interest hereon, a sufficient amount of the revenues to be derived from said tax levy has been and is hereby appropriated and pledged. It is hereby certified that in the issuance of this warrant all provisions of the Constitution and statutes of the State of Indiana re- lating thereto have been complied with, and that the tax levy from the proceeds of which this warrant and the interest hereon is payable, is a valid and legal levy, and that the City will reserve a sufficient amount of the proceeds thereof for the payment of this warrant and the interest hereon. IN WITNESS WHEREOF, The City of South Bend has caused this warrant to be signed in its corporate name by its Mayor, countersigned by its City Controller, and has caused its corporate seal to be hereunto affixed and attached by its City Clerk, as of the day of 19 ATTEST: CITY CLERK CITY OF SOUTH BEND O.Visiq CITY CONTROLLER EP!: