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Authorizing the Issuance and Sales of Bonds Cost of Construction and Improvement of Sewers
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Authorizing the Issuance and Sales of Bonds Cost of Construction and Improvement of Sewers
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1/6/2015 11:44:00 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
4/10/1950
Ord-Res Number
3738-50
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-4- <br />(interest coupon) <br />Coupon No. <br />0 <br />on . 19 , the City of South Bend, Indiana, <br />will pay to bearer, at the office of the City Treasurer in.said <br />City, Dollars in lawful money of the United <br />States of America, being the interest then due on its Municipal <br />Bond of 1950, dated June 1, 1950, No. <br />CITY OF SOUTH BEND <br />By (Facsimile) <br />City Controller <br />Section 4. As soon as may be done after the passage of this ordin- <br />ance the City Clerk shall give notice of the filing of the petition for and <br />determination to issue bonds. Said notice shall be published once each week <br />for two weeks in the South Bend Tribune and South Bend Mirror, the same being <br />newspapers published in the City of South Bend and representing the two lead- <br />ing political parties, and said notice shall also be poNsted in three public <br />places in the City, as provided by Sections 64 -313 and 64 -1332 Burns Statutes <br />1933. <br />Said bonds shall not be advertised for sale prior to the expiration <br />of the period during which taxpayers may file remonstrances or objecting peti- <br />tions to the issuance of said bonds. In the event a remonstrance shall be <br />filed by the owners of taxable real estate under the provisions of Section <br />64 -313 Burns Statutes 1933, then no further steps towards the issuance of <br />said bonds shall be taken unless and until the Common Council shall have de- <br />termined that such remonstrance is insufficient. In the event an objecting <br />petition or petitions are filed by taxpayers under the provisions of Section <br />64 -1332 Burris Statutes 1933, then no further steps towards the issuance of <br />said bonds shall be taken unless and until the State Board of Tax Commissioners <br />shall issue its order approving the issuance of said bonds. In the event it <br />shall be determined by the State Board of Tax Commissioners, or otherwise, <br />that the whole amount of the bonds herein authorized shall not be issued, <br />then the City Clerk shall be authorized to advertise and sell a lesser amount <br />of bonds, and the bonds not issued and sold shall be the bonds of the longest <br />maturity or maturities. <br />
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