Sale of Bonds for Cost of the Construction of Storm, Sanitary & other Sewers to Maple Road

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Section 4. As soon as can be done after the passage of this ordinance, the City Clerk shall give notice of the filing of the petition for the issuance of and the determination to issue bonds. Said notice shall be published once each week for two (2) weeks in The South Bend Tribune and The Record, the same being newspapers published in The City of South Bend and representing the two (2) leading political parties, and oopies of said notice shall also be posted in three (3) public places in the City, as provided by Sec. 64 -313 and Sec. 64 -1332 Burns Indiana Statutes 1933• Said bonds shall not be advertised for sale prior to the expira- tion of the period during which taxpayers may file remonstrances or objecting petitions to the issuance of said bonds. In the event a remonstrance shall be filed by the owners of taxable real estate under the provisions of Sec. 64 -313 Burns Indiana Statutes 1933, then no further steps towards the issuance of said bonds shall be taken unless and until the Common Council shall have determined that such remonstrance is insufficient. In the event an objecting petition or pets" tions are filed by taxpayers under the provisions of Sec. 64 -1332 Burns Indiana Statutes 1933, then no further steps towards the issuance of said bonds shall be taken unless and until the State Board of Tax Commissioners shall issue its order approving the issuance of said bonds. In the event it shall be determined by the State Board of Tax Commissioners, or otherwise, that the whole amount of the bonds herein authorized shall not be issued, then the City Controller shall be authorized to advertise and sell a lesser amount of bonds, and the bonds not issued and sold shall be the bonds of the longest maturity or maturities. Section 5. Prior to the sale of said bonds the City Controller shall cause to be published a notice of such sale oneaeach week for two (2) weeks in said South Bend Tribune and The Record. The date fixed for the sale shall not be e•ariier than seven (7) days after the last of said publications. Said bond sale notice shall state the time and place of sale, the purpose for which the bonds are being issued, the total amount thereof, the maximum rate of interest thereon, the time and place of payment, the terms and conditions on which bids will be feceived and the sale made, and such other information as the City Controller shall deem necessary.