HomeMy WebLinkAbout1961-OR-1553~N ORDINANCE ~UTArORIZING THE HAYOR ~ND OLERIf--TREASURER
OF TreE CITY OF JEFFERSONVILDE~ INDIANA: TO ~AIfE TE~iPO-
RARY ~OANS IN ~NTICIPATION OF CURRENT REVEmUES.
BE IT ORD212rED BY THE COHHOI~ COU1;GI£
JEFFERSO~VVILLE , IiVDI2~¥~ :
OF THE CITY OF
OITY OF JEFFERSONVILLE~
AND THEY ARE HEREBY ~UTHORIZED AND DIRECTED IN TIlE
OITY TO MAKE TEMPORARY LOANS IN THE AGGREGATE SUH
OF SEVENTY FIVE THOUSAND DOLLARS (~'75,000.00~, PAYA~r,E ~7~,~
~ ~ ~ I~ ~NTICIPATION OF CUrREnT ~EVE~UES OF SAID ~ITY
NOW ACTUALLY LEVIED ~ND IN COURSE OF COLLECTION FO~ THE CURRENT
FISCAL ~E~ OF 19~ ~ND ~S EVIDENCE OF SUCH LO~NS TO ISSUE ~D
SELL TWO ~23 ~z~z w~aa~mzs OF S~ID OITY OF JEFFERSOWVILLE OF
PLUS INTEREST ~T THE RAZE OF --PER CENT ( ~3 PER ~NHU~ FRO~
THE D~TE OF SALE TO ~TU~ITY~ ~;HICH INTEREST SH~LL BE ~DDED TO
~ND INCLUDED IN THE F~CE OF E~CH OF S~ID TIHE W~RR~NTS, S~ID
TIHE W~RRANTS SH~LL BE P~YABLE TO BE~RER~ DESIGNATE THE N~TURE
OF THE CONSIDERATION; THAT THEY ~RE p~Y~BLE OUT OF THE ~FORESIID
FUND: AND THaT THEY&RE pAYaBLE. AT THE oFFICE OF S~ID OITY O~RE-
fREASU~R~ oR AT THE OL~RE OOUNTY STATE ~ANK OR AT THE OITIZENS
~RUST OOHP~NY (~UTHORIZED DEPOSITORIES OF S~ID CITY3 ~s CHECKS
UPON SUCH DEPOSITORIES ~RE p~Y~BLE~ UPON PRESENTATION ON OR
~FTER THE D~TE OF .~TURITY THEREOF~ ~ND SH~LL BE SIGNED IN
BEHALF OF S~ID gITY BY THE ~YOR ~ND OITY OLERE--~RE~SURER,
(¢ )
SECTIO ,2,
THAT T~IERE BE~ AND IS HEI{EBY~ APPROPRIATED AND PLEDGED
OF THE C~aaENZ aE~EmUES OF THE CIZY OF JEFFEaSOmTILLE THE
SU~ OF SEVENTY FIVE THOUS~N~ DOLLAnS ($75,.000.003 PLUS
INTEREST ~4T THE RATE OF
THE DATE OF THE SALE OF SAID
~ j TO
SECTION 3.
THIS ORDINAI¢CE SHALL BE IN FULL
TIIYE WARRANTS FROIY
THE PAY]lENT THEREOF,
FORCE AND EFFECT FROiY AND
~TTEST :
PRESENTED BY ~fE .4S CLERIC-TREaSURER
OITY OF JEFFERSONTILLE~
SIGNED
TO THE ]~YOR OF SAID
THIS 6TH DAY OF FEBRUARY, 1961.
BY ME THIS 6TH DAY OF FEBRUARY, 1961.