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HomeMy Public PortalAboutORD03753 147 #3 7 5 Z, AUN voil 'I"n;"I 1SSu:,.,ZE lmt,TD 12 1" ','HE CITY CF ' _Ij' 5()UiUq 01" ITS CURIMP-z", U;XEAXE 'I',"G 0 11 T.11 IB -1 )P' %T I C 10 PA'Y:,j?,1i7T OF THE ;'dJ`_`) PRIJCIP ,L OF S..111) 17JiE11 the current ri':ve"Me oil t�-;e City of jeffersoil, M�AS � I City 1. 31-issom-Ii , for the fisc,'1,1 yc.,:fr endj.il,,, h.arcl•j 31, .19,36, -,-iill na-.oLint to One Dollars, ,.uid VMIU .3, it lv-.t s been nocessary for t1he, City of qe'forson to advance certain i.•ionior, from its jr0no.ral revenue P.md to be used in defr;:,,YinT, the 01*1.-:P0n,,:-,(,,s Of bilil(lini to fire 5tations :i,rid ra.lodeling the City liall pendin,; such t,s fi.lnds ),-ihich 17,-,,vo 1)(:,,r:,n allowed by the Federal Administr.-,tion of Public '.Vorks 2lr.y be "le to tl)e City of " of-erson , AaL n '1U;,AS , by rf-;:�'lson of oucli unustial and tc2..ii ,, .)orry el,Pe di tures Ilic City will be witfioull* or cmrrmit revenue which to com-1110t its (iovernme-cit for the rer_x�.iilder Of tl•-je present fiscal yer-l-rp 17 c1 ,A orized under the � zj, the City of Jcf-"erson is atit-1l ,,.)rovisions of erection 6788',R.S. 1,:o . , 1929, to borrow r1onpy ":11c1 to issue bonds for the pt�Yment thereof, for the, fiscal year, such bonds to be ptI.ya,ble in one yc,,:lr froi.i .the d tc there-of. BE, IT CM):,11j"ED BY THE' COUNCIL OF TEE, CITY OF jL,,,U,zYRs01:T, ucj.ac.,,,J. I. That there shall be -md there are hereby authorized and directed to be issued currant revenue bonds of the City of Jefferson, in tlflo, ai--munt of Fifty Thouse-nd (.`x50, 000-00) .Dollars , in antici.Piticii of the collection of -the revenue of said Ci-'t,y for the gear 193,15, for the payment of the current and e.cistin indebtedness of 'the City of 'Jefferson . Said bonds shall be numbere(l. from One ( I) to 'L-'en (10) , both inclusive, and shfall be of -the denomino.• ion Of 1'iVC '.L':JOL[sand (w5,000.00) Dollars each, shall be dated ..,aril 1 , 19"55, to bear interest r!.t the r,,:-.-tic of i�our (0) %-)er. cent 'oer P,MIUM, -pay,.,.ble somi,r2,-nnu ),11y oil t1fie Virst d,!,y of October, 1935, the Thirty l,'ir.,jt d', y of -, .aroh, both principi,l : rid inte:rcst to be -irLaid at the ofi'ice of the City •reasurcr in th.e City of ki L efferson, 1.,-issouri, ,),ll of _­..id bon is sh^.Il be to 1)ea,r C,-r dl.),e n",10. oil L rch 31, 196(3. t" ', I­ ,i, -1 c-_-(,cutrd bv the 2. 1i a C 1 0 h(� ;rl d "oci-icIC Y r I I t, 'Ulc:rk, oir�natll,,,ro of t',,e I,).e 3 i '-,!.e t1tre Of C L I-.11 hr:ve the cor-porate s(; 1 of 1,11je City of j*u o-- ii-,)-nrcssod . t'll(-i-eon. Tile Y,-r i:i d the City C 1 e ri, a i, h,c cb y au t h 0 r i z e d and directed to c:,.u.sc to lbe py-- pared and I-)rintcd iii llcll -_!;'Orm %pill CO2.1,11Y -,;itli the' -,)ro-,,risions, of this rdina-nce, flic. IDonds b.erc- inbefore dcscribcd- SEIC 1PI C."I'. 3. dhen said 0011c�-s oball ht:•ve been exacut(;J ,is aforc..said they sh y.11 be prec3entod Lo -L",,,e State Auditor of IL'issoiirifor registrLa- ticn, ptirsiv- nt to law, and ro,-Jstcred shall be do.-Livorc-t-1 to the City Treasurer of the Ci�-,Y of 4fferso17 , 1'issouri . SECTION. 4. In order to pay the int,:rec-t .Alich ­.Ccrue on the bond-- harein -,aztharizecl. to be issued ),s the sz,�.2­le accrues, and to pa�l the of sl'.!J.�:� bonds - -)o in � I t 1�.1ZLtjjrity, the jfolloi,,,ing ai; i ts axe herel'y o-at of the current revenue of the City of 'Jefferson for the fiscal. y(,O.r endin[.-, 31, 1936. For interest due Cctob(-,-.L, 1, 1935 - - 1, 000.00 For int.-rest due 2_-_­rch 51, 1936 1,000.00 b,or prill c ip;.Ll dale ""c?,rcl) 31, 19,56 - - 50,000.00 Total 9 OOO.00 It is hereby riadc the C-lity of the Tre­..surer of • hc City of Je_--:'ferf;on, -for nur-)ose of p,,y i the princi _!,1 and interest 021 JAlf-, !-I�bmre to the Bove out of the cur rc'ylt, 'j.,evenue aJ-.' ,ajd City 2-iay come into hi.-,, for the fisco.1 Yern•- endirm,!, J.,orch :.U, 11J3G . SECTICA'. 13. 1!11is crdin, Ilce C-fff cc t '"'Ild be in force fro!" .-I.Ild it.,, row.),I. :,..11 crdill,:ulces oil -r)arts of nxc- herobir repeal(,4 SE C I i1c1% 6. The Cit.,;, of f5*(­c;ol1 reserves tho ripht to roc.leem -,vl.,ent of tl�)e -ori, 1)oldc _t ,Lny thor".,of to cia.tr of ioll V'.)011 tllj-.*0t'tjr days