Authorizing the Issuance and Sale of Bonds, Applied to the Cost of Construction, Reconstruction and Improvement of Streets

Home Browse Search

(Interest Coupon) Coupon No. $ , On 19 , the City of South Band, Indiana, will pay to bearer, at the St. Joseph Bank and Trust Company, South Bend, Indiana, in said city, $ in lawful money of the United States of America, being the interest then due on its Municipal Bond of 1958, dated 1, 1958, No. City of SOUTH BEND By Mayor (Facsimile) City Controller Facsimile Section 4. As soon as may be done after the passage of this ordinance, the City Clerk shall give notice of the filing of a petition for 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 said notice shall also be posted in three (3) public places in the City, as provided by Section 64 -313 and 64 -1332 Burns Indiana Statutes Annotated, 1933, Said bonds shall not be advertised for sale prior to the expiration of the period during which taxpayers may file remon- strances 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 Section 64 -313 Burns Indiana Statutes Annotated, 1933, then no further steps toward 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 petitions are filed by tax- - 5 -