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Appropriating proceeds from the issuance of bonds authorized to be issued and designated as Series 2001E, for Bosch
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Appropriating proceeds from the issuance of bonds authorized to be issued and designated as Series 2001E, for Bosch
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Last modified
5/20/2009 2:20:30 PM
Creation date
9/10/2008 3:09:12 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
9/24/2001
Ord-Res Number
9269-01
Bill Number
91-01
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The Project and the financing by the City of the Project, together with expenses <br />incidental thereto, are necessary and will be of general benefit to the City and its citizens. <br />The City has insufficient funds available or provided for in the existing budgets or <br />tax levies that maybe applied to the costs of the Project, together with expenses incidental thereto, <br />including expenses in connection with the issuance of the bonds. <br />The issuance of such bonds of the City, in an amount of One Million and 00/100 <br />Dollars ($1,000,000), to finance the costs of the Project, together with expenses incidental thereto, <br />including expenses in connection with the issuance of said bonds, has been heretofore authorized <br />to procure the necessary funds and an extraordinary emergency and necessity exist for the making <br />of the additional appropriation set out herein. <br />The proceeds of such bonds of the City have not been included in any regular budget. <br />Notice of a hearing on such appropriation has been published as required by law and <br />such public hearing was held on such appropriation at which all taxpayers and interested persons had <br />an opportunity to appear and express their views as to such additional appropriation. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: <br />SECTION 1. The proceeds derived from the issuance of the bond heretofore authorized <br />to be issued and designated as "City of South Bend, Indiana, Revenue Bond, Series 2001E <br />(Robert Bosch Corporation Project)," in an aggregate principal amount of One Million and <br />00/100 Dollars ($1,000,000), shall be and the same are hereby appropriated to provide financing <br />for any or all or any portion of the costs of the Project, together with expenses incidental thereto, <br />including expenses in connection with the issuance of said bonds. Such appropriation shall be in <br />-2- <br />::ODMA\MI-IODMA\SBIMAN 1;103503;2 <br />
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