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Authorizing the Issuance and Sale of Bonds Purpose of Providing Funds to be Applied cost of Construction, Reconstruction and improvement of Streets Approximate Amount $1,000,000.00
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Authorizing the Issuance and Sale of Bonds Purpose of Providing Funds to be Applied cost of Construction, Reconstruction and improvement of Streets Approximate Amount $1,000,000.00
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6/12/2014 10:42:01 AM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
6/28/1954
Ord-Res Number
3990-54
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Prior to the sale of said bonds the City Controller shall be <br />authorized to obtain a legal opinion as to the validity of said <br />bonds from Ross McCord Ice & Miller, bond counsel of Indianapolis, <br />and to furnish such opinion to the purchaser of said bonds, The <br />cost of said opinion shall be considered a part of the cost of <br />said project, and shall be paid out of the proceeds of said bonds. <br />See. 6. The City Controller is hereby authorized and <br />directed to have said bonds and coupons prepared, and the Mayor, <br />City Controller and City Clerk are hereby authorized and directed <br />to execute said bonds and the interest coupons to be attached <br />thereto in the form and manner herein provided. After said bonds <br />shall have been properly executed, the City Controller shall de- <br />liver the same to the City Treasurer, and shall take his receipt <br />therefor, and upon the consummation of the sale of said bonds <br />the City Controller shall then certify to the Treasurer the amount <br />which the purchaser is to pay for the same; thereupon, said <br />Treasurer shall be authorized to receive from the purchaser the <br />amount so certified by the Controller and to deliver the bonds <br />to such purchaser, <br />See. 7, This ordinance shall be in full force and effect <br />immediately upon its passage ndT °s%ing the Mayor. <br />ie z, 2nd 'R: ;01 ( —c2 <br />Sri. <br />q 'vu` 4et <br />05 <br />
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