HomeMy WebLinkAboutO-0634 - Authorizes issuance of warrant (Special)•'
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ORDINANCE PO.~34
A!\~C':aDIN,\1~C:<:07 THl':CITY OF ~'?-:1YSVILLE AUTHO:1IZD:G·
TP~I:=:3t.Tt·!':C'~OF f'l.~}An'1l,NT lJ:Cl~TE5 P1J~FOSr:OF EORHO'!IX('"
ruxns T0 B"P.~'LACEJ.)Ill:THE :!lIT'S::Z ,lNP,S:;:';'E~f{,,;VS)TUE
CONSTuUCTION FUN~;
T'T}iF,REitS,the City of :r·~.;)rysville,h~r Grc1inrcnce :':0.(e8,pf'ssed
tecernber 11,1967,?:uthorize(l the j.ssuance ~n0 s r Lo of TIevenLlo bonds
in the sum of :;3160,000.00 to ob t e f.n the f'und s '··j.tlJ l··hicb to PP.~'for
2>.system or ":)lon of be.t t s r-men es e nd e,~tel15ions of tbe "!i'.'tervor!cs
utility ~fthc City,pnd
..·.'IIg"tEc'.S,t!1e :..;'.-ter a.nd Sewer 'R.evonue Co nn t.r-u c t a on ]'und 1s
overdraun,and
·;l-:EREf.5,the need c xa s t s to replenisi.\this.fund'for.the
purpose of ruek Lng immediC'te e;:penctitures to r-ny .~or obli<;r-tions
incurred in the carr~rinIT out of thc:.pur.posesancl plans de s o r Lbe d
iri Crdinanc&Xo.602 pendinn th~.issu2nce and sa1e~f the honds
TI;2 CITY CrUNCIL C~TIIECITY OF ~·lARYSVILLE DO ORDJ\nr AS FOLL6~;'s:
..Section 1.That tbe City of Harysville is hereby authorized
to drat"a tY'arrClnt in the Bum of ~i60,000.00 on ttU)5130 ttlc-~~irst
~·:r;::-Lionn 1 B"'n~~Htlich sum is to pe credited.to the:.:""ter an('::;o~ler
Revenue Gonstrl1ction !und for r.'isJ-}UrSe'110nt by th2t f'u'nd ,
orcin-o.Dec,811a11 be redeen'sd hy 11 l"j,t:,dral;;'al of f'un-ls trom tho
'~tor Rnd Sewer 3cvenue Don(Fun~,croated from nroceeCs of t~c
d a t o of issuancean(l ro(lol'\lption s~\el1 bear in'terest ~t the r:>tc of
5 1'er oent (5~~)per armurn ,
Section.2.Tl~!'1 t tbis o r dLne.n ce s1:1i11 t2'l ce effect five (,5)
d ays from and 2.fter its p a s3q~e,a.ppr-o va I anc'pUblic;:>tion I as
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provided by.1 at"•
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·PASSED by the City Council of the City of VBrysv~lle.this
,)..2 fJ.]}day of July.1968.
ATTEST:
APl'TIOVl':n AS TO F('H~::
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