HomeMy WebLinkAboutOrdinance 287 OBD!NANCE NOL 28?
AND ORDINANCE PROVIDIN~ FOR THE ISSUANCE OF BONDS
SUBJECT TO THE REFERENDUM ~O~ERS OF THE PEO?LE
THE CITY OF COLUI~BIA HEIGHTS DOES ORDAIN:
~. It is hereby found a~d determined that
it is necessary and expedient that the sum of $68,000
be borrowed for the purpose of providing money for the
maintenance of the permanent improvement revolving
fund of the city in order to provide sufficient f~nds
therein to pay for improvements for which assessments
will be levied.
2. It is hereby found and. determined that
it is necessary and expedient that the sum of
be borrowed'for the purpose of providing money for the
purchase consisting of trucks, grits, and general
street maintenance repair equipment.
5- Bonds of the city shall be issued for
the purpose of borrowing money hereunder subject to
the referendum powers of the people. This ordinance
shall take effect thirty days after its passage and
shall authorize such bonds and the execution of a
contract for the sale ~':sald bonds.
~. The bonds to be issued hereunder
shall be in two or more series, shall bear such date,
sh~,!! mature serially at such times and, in such amounts,
shall be in such form and shall be sold at such time
and in such manner as the council shall hereafter by
resolution determine.
1st rd~.A~ugus~ ~8~ 1.951
2nd rdg. _~,
Offered by: Spe.~_;!an~_
Seconded ~by:_ Helm
Roll Call:
AY e s___A~
Nay s ~=
Secretary to tiao Council