HomeMy WebLinkAboutAppropriating $1,000,000.00 to be Applied on the Coast of Construction and Improvement of Sewers, and Expenses Incurred in ConnectionORDINANCE No. 5741
Passed by the Common Council of the City of South Bend,
APRIL 24TH,
Presented by me to the Mayor of the City of South Bend,
Approved and signed by
APRIL 25TH. �O
Clerk
of Common Council
Clerk
AEW7
ORDINANCE N0. 3741
An Ordinance of the City of South Bend, Indiana,
appropriating the sum of One Million Dollars
($1,000,000.00) to be applied on the cost of con-
struction and improvement of sewers, and expenses
incurred in connection therewith.
WHEREAS, the Board of Public Works and Safety of the City of South
Bend, Indiana, has found that it would be for the best interests of said
City and its citizens to provide for the construction and improvement of
sewers in said City, thereby relieving and improving the existing sewer
system, and has determined that the estimated cost of said project, and the
incidental expenses necessary to be incurred on account of said project and
in connection with the issuance of bonds on account thereof, will be in the
approximate amount of One Million Dollars ($1,0001000.00); and
WHEREAS, the Board of Public Works and Safety has filed a request
for an appropriation in the amount of One Million Dollars (,$1,000,000.00)
for said purpose, which request has been approved by the City Controller of
said City, with the recommendation that the funds necessary to cover such
appropriation be obtained by the issuance and sale of general obligation
bonds of the City; and
WHEREAS, a petition has been filed under the provisions of Chapter
119 of the Acts of 1937 by more than fifty (50) owners of taxable real estate
in the City of South Bend, Indiana, requesting the Common Council to issue
bonds in an amount not exceeding the sum of One Million Dollars ($1,000,000.00)
for the purpose of procuring funds to be applied on the cost of construction
and improvement of sewers in said City, which petition the Council has found
to be sufficient under the provisions of said act; and
WHEREAS, the Council now finds that the construction of said sewer
project will improve and relieve the existing sewer system and will be of
general benefit to the City and its citizens; and
WHEREAS, the Council now finds that the City has no funds available
or provided for in the existing budget and tax levy which may be applied on
- 2 -
said project, making it necessary to authorize the issuance of bonds of the
City in order to procure such funds, and that an extraordinary emergency exists
for the making of the additional appropriation hereinafter set out; now there-
fore,
BE IT ORDAINED BY THE COMKON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA:
Section 1. That the sum of One Million Dollars ($1,000,000.00) be
appropriated out of the proceeds of the bonds heretofore authorized to be
issued by the Common Council, designated as "City of South Bend, Municipal
Bonds of 1950 ", for the use of the Board of Public Works and Safety in paying
the cost of construction and improvement of sewers, and the incidental expenses
necessary to be incurred in connection with said project, including the is-
suance of bonds on account thereof.
Section 2. This ordinance shall be in full force and effect from and
after its passage and signing by the Mayor.
Passed and adopted by the Common Council of the City of South Bend
on the 24th day of April , 1950.
Presiding Officer
Attest:
M
City Clerk
Presented by me to the Mayor of the City of South Bend on the 25th
day of April, 1950, at the hour of 8:30 o'clock A. M.,
City Clerk
This ordinance approved and signed by me on the 25th day of April,
1950, at the hour of 9:00 o'clock
o. r�
r- r Mayor
10
CI; Y CLLRK
� member of the Common Council