HomeMy WebLinkAbout1963-OR-1593~N ORDINANCE ~UTHORIZINO THE ]~4YOR AND OLERK-TREASURER
OF THE OITY OF JEFFERSONVILLE~' ImmIAmA, To ]{AKE TEMPO..
RARY LOANS IN .~NTICIPATION OF OURRENT REVENUES,
THE CITY OF
BE IT ORDAINED BY THE GOHI~ON COUiVGI£ OF
JEFFERS OiV V ILLE , INDIANA:
THE ~AYOR AND ~LERK~,TREASURER OF THE CITY OF JEFFERSON--
VILLEj INDIANA~ BE~ ~ND THEY A~E HEREBY AUTHORIZED
THE AGGaE~ATE SUM OF FIFTY THOUSAND DOLLAaS ($50,
IN ANTICIPATION OF CURRENT REVENUES OF
rs~ o~ 1963, ~ ~s
TWENTY FIVE THOUSANm DOLLARS
AT THE ~ATE OF ~
OF SALE TO MATU~ITY~
INCLUDED IN THE FACE OF EACH OF S~ID TIME
TI~E WARRANTS SH~LL BE P~Y~BLE TO
NATURE OF TNE CONSIDERATION~
THE AFORESAID .FUND: ~ND THaT
OF SAID CITY
~ANK OR AT THE OITIZENS TRUST
RIES OF SAID CITY) AS CHECKS UPON SUCH DEPOSITORIES ARE
ABLE~ U~ON pRESENTATION ON OR AFTER THE DATE OF MATURITY
THEREOF~ ~ND SH~LL BE SIGNED IN BEHALF OF S~ID '~ITY BY THE
~YOR ~ND ~ITY OLERK--~RE~SURER. S~ID TIHE WARRANTS SHALL
NOT BE SOLD FOR LESS THAN ~WENTY ~IFE ~HOUS~ND ~OLL~RS~
SAID OITY NOW ACTUALL
THE CURRENT FISCAL
OF SUCH LOANS TO ISSUE AND SEL
CITY OF JmFFERSONV~LLE OF
($£5, 000. 003 EACH, PLUS INTmRES
~HIC~ INTEREST ~HALL BE ADDED TO AND
WARRANTS, ~ID
DESIGNATE
T~T THEY ~RE PAYABLE OUT OF
THEY ~RE P~YABLE ~T THE OFFICE
OR AT THE OL~a~ OOUNTY ~T~TE
OOMP~NY (~UTHORIZED DEPOSITO'
($£6, 000. 003 ~ACH.
THAT THERE BEj
SECTION
AND IS HEREBY~
APPROPRIATED AND PLEDGED
OF THE
S Ulf
THE
0 F T~IE
CITY OF
CURRENT REVENUES OF THE OITY OF JEFFERSONVILLE THE
OF FIFTY THOUSAND DOLLARS
RATE OF CENT
j TO THE P~ YHENT THEREOF.
~HIS ORDINANCE SHALL BE IN FULL FORCE AND EFFECT
~FTER ITS P~SS~GE ~ND
ATTEST:
~3RESENTED BY ME AS ~LERIf--TREASURER TO THE IYAYOR OF SAID
JEFFERSONFILLEj THIS ~TH DAY OF hhRCH~ 1~$,
~PPROVED ~ND SIGNED BY HE
THIS 4TH DAY OF HARCS, 1963.
TIldE W~RR21~T
1963
$26,000.00
ON ~. FIARCH, i963, FOR VALUE RECEIVED, THE CITY OF JEFFER-
SONVILLE~ INDIANA, pROi~IISES AND AGREES TO PAY TO T~E BE~RER~ THE
SUM OF TWENTY FIVE TSOUSAND DOLL~S ($25, 000. 003, SA~E BEING
THIS TIME W~RR~NT IS ISSUED PURSUANT TO THE pROVISIONS OF ORDINANCE
~0. /~ OF SAID OITY OF JEFFERSONVILLE~ ~ND ~DOPTED ~ND ~PROFED
T~ ~TH D~Y OF ~RCH, 1~3, ~ND IS p~Y~BLE OUT OF T~ ~ENER~L
OF THE OITY OF JEFFERSONVILLE~ INDI~N~ NOW ~CTU~LLY LEVIED
COURSE OF COLLECTION FOR THE CURRENT FISCAL YEaR OF 1~ ~T THE
OFFICE OF THE CLERK--TREASURER OF SAID CITY, OR AT THE CLARK COUNT1~
STATE BANK OR AT THE CITIZENS TRUST COMPANY (AUTHORIZED DEPOSI--
TORIES
UPON PRESENTATION ON OR AFTER THE DATE
SAZD CITY ~pPROPRIATES AND PLEDGES
oF Tree GENERAL FUND O~ S~
OF S~ID CITY3 dS CHECKS UPON SUCH DEPOSITORIES ARE pAYABLE~
OF rIATURITY.
OF THE CURRENT REFE1VUES
CITY A SUM SUFFICIENT TO PAY THIS
CITY OF ~IEFFER~SOI~YI~LE, INDIitNA
~./ CLERIC-TREASURER