HomeMy WebLinkAbout1981-265-06.01.1981 RESOLUTION NO. 1981-265
RESOLUTION INSTITUTING PROCEEDINGS TO TAKE
ADDITIONAL ACTION FOR THE ISSUANCE OF NOT TO
EXCEED $150, 000. 00 GENERAL OBLIGATION BONDS F
ESSENTIAL CORPORATE PURPOSES) . ( OR
WHEREAS, pursuant to this CouncilWHER has held a notice published as required by
proposal to institute public meeting and hearing law,
oos $ 1to, 00stit General Obligation
for the issuance ofon the
exceedcpa$e purposes of gation Bonds for not ito
s
certainoporMunicipalpros Transit
funds to the acquiringessenial
System equipment ,pay andcosno of to
filed calling for a referendum thereon ; and no
and petition was
WHEREAS , accordingly the following
to be e besta interestsrdigly theo City and residents thereof:NOW, THEREFORE , BE IT RESOLVED BY THE COUNCIL OF
THE CITY OF
WATERLOO, IOWA :
Section 1 . That this Council does hereby
proceedings and take additional action for insorizat and issuance in the manner required by the notttorizatidn
$150, 000. 00 General Obligation
law of to exceed
corporate purposes , gation Bonds for the foregoing 9 g essential
Section 2. The Clerk is authorized and directed to
on behalf of the City with the sale of said bonds ,
date for the sale thereof, proceed
ale information ast mayto cause to be to select a
distributefo the same mabapplarof the City prepared suchh noticed and
appropriate, to publish and otherwise to take all action necessaryt permitanr it Council ofnd
bonds on a basis favorable to the acc the salee said
Council , City and acceptable to the
Passed and adopted this 1st day of June , 1981 .
Leo P. Ro --et-zo
off, Mayor
ATTEST:
L
ar P. rger, ty Clerk
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