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Authorizing the Making of a Temporary Loan for the General Fund and the Issuance and Sale of Warrants of the City for Such Purpose
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Authorizing the Making of a Temporary Loan for the General Fund and the Issuance and Sale of Warrants of the City for Such Purpose
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
3/23/1964
Ord-Res Number
4634-64
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NO. <br />:,STATE OF INDIANA <br />COUNTY OF ST. J06EPH <br />!CITY OF SOUTH BEND, INDIANA <br />TEMPORARY LOAN WARRANT <br />(GEN:&KAL FUND) <br />For value received, the City of South Bend, in St. Joseph County, <br />Indiana, will pay to the bearer hereof, $ on or before June <br />23, 1964, at the office of the City Treasurer in said City upon presentation <br />and surrender of this warrant. This warrant evidences a temporary loan <br />to the City together with interest on the principal amount of said loan <br />not in excess of 376 per annum, computed from the date of issuance to the <br />date of maturity thereof. <br />THis warrant is one of an issue in an aggregation of $ <br />authorized by an ordinance entitled "An Ordinance of the Cityy o�`outh <br />Bend, Indiana, authorizing the making of a temporary loan for the General <br />Fund and the issuance and sale of warrants of the City for such purpose," <br />duly passed and adopted by the Common Council of said City, on the <br />day of March, 1964, and in strict accordance with an act entitled "Hn pct <br />concerning Municipal Corporations," in force April 15, 1905, and all other <br />acts amendatory thereof or supplemental thereto, for the purpose of pro- <br />curing a temporary loan for the General Fund of said City. <br />This warrant is issued in anticipation of the tax levy made for said <br />General Fund, collectible in the year 1964, which tax levy is now in the <br />course of collection and to the payment of this warrant, and the interest <br />hereon a sufficient amount of the revenues to be derived from said tax <br />levy has been as is hereby appropriated and pledged. <br />It is hereby certified that in the issuance of this warrant all <br />provisions of the Constitution and statutes of the State of Indiana relating <br />thereto have been complied with, and that the tax levy from the proceeds <br />of which this warrant and the interest hereon is payable, is a valid and <br />legal levy, and that the City will reserve a sufficient amount of the <br />proceeds thereof for the payment of this warrant and the interest hereon. <br />IN WITNESS WHEREOF, The City of South Bend has caused this warrant <br />to be signed in its corporate name by its Mayor, countersigned by its <br />City Controller, and has caused its corporate seal to be hereonto affixed <br />and attached by its City Clerk, as of the day of March, 1964. <br />ATTEST: <br />City Clerk <br />CITY OF SOUTH BEND <br />BY <br />Mayor <br />Countersigned: <br />City Contro ter <br />
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