Appropriating One Million ($1,000,000) Dollars to provide funds for payment and redemption of certificates of indebtedness issued street and alley intersection assessments

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the issuance of bonds, will be in the approximate amount of One Million ($1,000,000) Dollars; and WHEREAS, the Board of Public Works and Safety has filed a request for an appropriation in the amount of One Million '_($1,000,000) Dollars for said purposes, which request has been approved by the City Con- troller with the recommendation that the funds necessary to cover such appropriation be obtained by the issuance and sale of general obliga- tion bonds of the City; and WHEREAS, a petition has been filed under the provisions of Chap- ter 119 of the Acts of 1937 by more than fifty (50) owners of taxable real estate in the City of South Bend, requesting the Common Council to issue bonds in an amount not exceeding One Million ($1,000,000) Dollars for the purpose of procuring funds to be applied on the cost of the projects hereinbefore described; and WHEREAS, the Council now finds that the construction of such Improvements and the acquisition of such rights -of -way are necessary and will be of general benefit to the City and its citizens; and WHEREAS, the Council now finds that the City has no funds avail- able or provided for in the existing budgets and tax levies which may be applied on said projects, making it necessary to authorize the issu- ance of bonds of the City in order to procure such funds, and that an extraordinary emergency exists for the making of the additional appro- priation hereinafter set out; NOW, THEREFORE: BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: Section 1. That the sum of One Million ($1,000,000) Dollars be and the same is hereby appropriated out of the proceeds of the bonds designated as "Municipal Bonds of 1962 °, heretofore authorized to be issued to provide funds for application on the cost of the following: to provide for payment and redemption of certificates of indebtedness issued by the City in payment of the Cityts share of street and alley intersection assessments imposed for improvement of streets and alleys under the Barrett Law; acquisition of right -of -way in connection with the construction of a new Sample Street bridge; general repair of streets in the Spring of 1963; paving of Voorde Drive in the Industrial -2-