HomeMy WebLinkAbout1961-OR-1554ORDI~[AtVG£ ~0. P) ~
AN ORDINANCE AUTHORIZING THE ]fAYOR AND
OF THE CITY OF JEFFERSONVILLE~ INDI~4NA~ To ~AtCE
a.4aY LOANS IN ANTICIPATION OF CURRENT zgE~ENUES.
BE IT ORDAINED BY THE OOlf]fON COUNCIL
JEFFERS O};?ILLE , I~rDIA~A :
7ILLE~ ~NDI~NA,
DIRECTED IN THE
REVENUES OF THE ~Aa~
LEVIED AND IN COURSE
YEAR OF ~1~ ~ND AS EVIDENCE
OF THE GITY 0£
GITY OF JEFFERSON--
BE~ AND THEY ARE HEREBY AUTHORIZED AND
NA~IE OF SAID CITY TO HAIfE TE3YPORARY LO~N~
~o~as ($10, 000.003,
~mZZCIP~TIOm O~
DE~a~NT OF S~Z~ aZrY ~OW
OF SUCH LO~NS TO ISSUE
OITY OF JEFFERSONVILLE OF
DOLLARS f~ ~0.°.
PLUS INTEREST AT THE RATE OF PEa CENT ~_ . ~ PER
~NNU~ FROH THE D~TE OF SALE TO MATURITY: WHICH INTEREST
BE ADDED TO AWD INCLUDED IN THE FACE OF EACH OF SAID TItlE
WARRANTS. ~AID TI~E W~RANTS S~ALL BE P~YABLE TO
DESIGNATE T~ N~TURE OF THE CONSIDER~TION~ THaT THEY ARE
~BLE OUT OF T~E ~FORES~ID FUND~ AND THaT THEY ARE P~Y~BLE
THE OFFICE OF SAID CITY CLERE--TREASURER, OR AT THE CLAR~f
]OUNTY STATE BANIf OR AT THE O!TIZENS TRUST C02IPANY ~A
oF sAID UITZ~ AS csEc~s
UPON PRESENTATION ON OR
)EPOSITORIES
ARE PAYABLE~
~T
UPON SUCH DEPOSITORIES
AFTER THE DATE OF
HATURITY THEREOF~ AND SH~LL BE SIGNED
BY THE ~2YOR ~ND CITY CLER~--TREASUP~ER.
SHALL NOT BE SOLD FOR LESS THAN
Do~ARS 65 . ) EACH.
IN BEHALF OF SAID GITY
SAID TIME WARRANTS
SEaTION £.
THAT TflERE BE~ AND IS HEREBY~ ~PPROPRI~TED 2ND PLEDGED
~ su~ om TEN
THE D~TE OF THE
SA LE
. TO THE PAYHENT THEREOF,
THIS ORDINANCE SHALL BE IN FULL
~FTER ITS P~SS~GE ~ND ~PPROV~L,
Wt TT£ST :
~Dp~ESENTED BY HE .4S
OITY OF JEFFERSONVILLE~
AND
FORCE AND EFFECT FRO~I
OLERE-TRE~SURER TO THE ]fAYOR OF SAID
THIS 6TH D~r OF FESRUARY, 1961.
SIGNED BY ~E THIS GTH D~Y OF ~EB~U~Y, 1961