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<br />, <br /> <br />... <br /> <br />. <br /> <br />(b) The full faith and credit of the City are hereby irrevocably pledged for the <br /> <br /> <br />payment of the principal of premium, if any, and interest on the General Obligation Public <br /> <br /> <br />Utility Refunding Bonds as the same become due and payable. In each year while the General <br /> <br /> <br />Obligation Public Utility Refunding Bonds are outstanding and unpaid there shall be assessed, <br /> <br />levied and collected, at the same time and in the same manner as other taxes in the City are <br /> <br />assessed, levied and collected, an ad valorem tax upon all property subject to taxation by the <br /> <br />City, without limitation as to rate or amount, sufficient to provide for the payment of the <br /> <br /> <br />principal of, premium, if any, and interest on the General Obligation Public Utility Refunding <br /> <br /> <br />Bonds as the same become due and payable, if and to the extent the revenues of the water and <br /> <br /> <br />sewer system of the City are insufficient for that purpose. <br /> <br />3. Details and Sale of Bonds. The Bonds shall be issued and sold upon the terms <br /> <br /> <br />. established pursuant to this Ordinance and upon such other terms as may be determined in the <br /> <br /> <br />manner set forth in this Ordinance. The Bonds shall be issued in fully registered form, shall be <br /> <br /> <br />dated such date as the Chief Financial Officer may approve, shall be in denominations of $5,000 <br /> <br /> <br />and integral multiples thereof and shall be numbered from R-l (or such other designation as the <br /> <br /> <br />Chief Financial Officer may approve) upwards consecutively. The Bonds shall be issued in one <br /> <br />or more series in such aggregate principal amount, and may be combined with other authorized <br /> <br /> <br />general obligation bonds of the City, and shall mature or be subject to mandatory sinking fund <br /> <br /> <br />redemption on such dates and in such amounts as the Chief Financial Officer may approve, <br /> <br />provided that (i) the aggregate principal amount of the General Obligation Bonds shall not <br /> <br />exceed $48,230,000; (ii) the aggregate principal amount of the General Obligation Refunding <br /> <br />Bonds shall not exceed $39,395,000; (iii) the aggregate principal amount of the General <br /> <br />. <br /> <br />