FIRST READING – AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $12,190,000.00 IN AGGREGATE PRINCIPAL AMOUNT OF ITS WATER AND SEWER REVENUE BONDS, SERIES 2009; PROVIDING FOR THE SECURITY OF SAID BONDS; PROVIDING CERTAIN DETAILS OF SAID BONDS; PROVIDING FOR INCIDENTAL ACTION; SETTING FORTH CERTAIN PROVISIONS IN ORDER TO COMPLY WITH CERTAIN REQUIREMENTS OF THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION; AUTHORIZING THE JUDICIAL VALIDATION OF SAID BONDS; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. (Requested by the City Attorney) (Authorization of Advertisement approved 1/21/08)
Wednesday, February 4, 2009
Borrowing $12 Million Dollars Through a Bond
FIRST READING – AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $12,190,000.00 IN AGGREGATE PRINCIPAL AMOUNT OF ITS WATER AND SEWER REVENUE BONDS, SERIES 2009; PROVIDING FOR THE SECURITY OF SAID BONDS; PROVIDING CERTAIN DETAILS OF SAID BONDS; PROVIDING FOR INCIDENTAL ACTION; SETTING FORTH CERTAIN PROVISIONS IN ORDER TO COMPLY WITH CERTAIN REQUIREMENTS OF THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION; AUTHORIZING THE JUDICIAL VALIDATION OF SAID BONDS; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. (Requested by the City Attorney) (Authorization of Advertisement approved 1/21/08)
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