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1968 Resolutions
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1968 Resolutions
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Last modified
7/17/2001 6:14:14 PM
Creation date
6/22/2001 7:18:51 PM
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Ord/Resolutions
Year
1968
Ord/Resolutions - Type
Resolutions
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~$..~2AS~ by Ordir,~mnee Nco i967-95~ adopted October i0~ 1967 <br />the City of Porvsmoutb was auvhorized ~o issue ~7~400~000-00 of <br />General Obiigabion ~nds for the p~spose of src,~idi~n~ f~nds to eom- <br /> . _. - ~ ....... ~ ............ City of Onesa- <br />ply with the oraer enserea ~n the ~ir ..... ~uLa ~ o~ <br />pe~,e ON OoSobeP 2~ i967~ ~iaexins cePta!n 'cePPl~O~Z uo un~ ClSy of <br />PoPtsmss_%h effec{;ive Je~nus~j - ~ !968 ~ and <br /> <br /> ~d~L&S~ by 0rdiemnoe No, i968~20~ adopted Msreh 26~ 1968~ the <br />City ef Por~.smouth w~s authorized ~o issue $600~000~00 of General <br />Obligation E~nds for tyre p~L~pose of 3rovidlns fkLrl~S 'DO p~IJ <br />expenses incL?red as a result oS the- Pe0eleb ~npexagion proceedings <br />~m~. sc euifohase fife equipmenl:~ sohooi buses and voting <br />fop use~ in the said a~exed telPit, ory~ ~d <br /> <br /> ~REgS~ the bonus auseorized hy the aforesaid oFdinsllees <br /> have act been i_ssu~ed DF sold~ and <br /> ~AS~ iv is necessary so boProw~ Deriding the issu.~nc~ ~. <br /> sale of such bonds~ the mona2 necessary se mac's the City's obligations <br /> in connection with the p~eoses far w'nich the s~d bends were <br /> i9S.4~ TP~IiOPE~ BE ~ P~SOL%!~ by the }o~rmit of the City of <br /> Portsmouth~ <br /> <br /> SECTION i~ Pendi~g bra issu.~qce sid sale of the bonds <br /> aut}sPized by 0rdlNsRce No~ 1967-95~ adopted 0c~obeP 10~ 1967~ and <br /> OPdinsl~ce No. !968-20~ adopLed N~ch 26~ 1968~ f'~!! power aiad authority <br /> is hereby given the City ~',Ta}~ser of tho 0ity of portsmou~th to prepspye <br /> ~nd issue temeor~y lo~n notes in She form hereinafter precor!bcd <br /> for the sum of $8~000~000.00 in Lhe ss~mege.te~ The said City }~Ps~eP <br /> authorized %o oau~se to be erinted on the back of ag.eh of said r, otes a <br /> ~.~ ~ ~* to said nctes~ <br /> c~:,!pme~ ~ - -, ~+' ~ with <br /> copy of ~he ........ ~ f~ai leEal o~inion d~ <br /> v,m~h '-~ of '~'~ atto~ey or attorneys Peno. erlD~ s~ae: <br /> a certification of the CiSy ClerR~ evidencea by the facsZ~:iie signature <br /> ef that offioeF~ te the effect that the copy is a tFoe ~!0 correct copy <br /> ef the legal opinio}i vS~ch was dated as of the date ef deiiverly ~nc} pay~ <br /> P~enS of the notes. Full Dower ~id authority is hereby given tbs said <br />. City 2.~l~er to m~e saie~ o2 the said notes ~d in such }rkarmer~ at such <br /> tlh%e an~ Dlace~ ~s the said City N~geP ?~Y detenmSne~ pPovi, ded~ hewever~ <br /> that the ~s~ne shell not be sold upon a basis which will cost the City of <br /> PoPLs~nouth ~teFest ~% the rate of moro tb8~ six pep ceRt~ih pep <br /> s~d. that no sale shall be made {.zitheut the a~pPo',Jal of the City Counclh <br /> <br /> <br />
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