HomeMy WebLinkAbout1962-02-12 76-P ORDERCITY OF BANGOR
(TITLE,) (orlkBir_-.-Amending son Order FnOtled.'J. Order Authorizing the Issuance
of $340, 000 Aggregate Principal Amount of Urban Renewal Bonds of
1961 and of Tax Levy Therefor".
By the City Couowil of the City of Bangor.
ORDERED,
THAT
(1) The fifth sentence in Section 1 of the Order entitled, " Order Authorizing
the Issuance of $340, 000 Aggregate Principal Amount of Urban Renewal Bonds of
1961 and of Tax Levy Therefor" be and it hereby is amended by striking out said
sentence and substituting therefor the following sentence:
" Said bonds are issued to raise funds to pay the city's cash grant
in aid of the Stillwater Park Urban Renewal Project, under the
cooperation agreement between the city and the Urban Renewal Authority
heretofore authorized and, to the extent of any balance remaining after
the payment of said cash grant in aid, to pay for those permanent public
improvements, the construction or purchase of which the city has agreed
to undertake in said cooperation agreement, and being hereby declared
and determined that said project and said undertakings are permanent
public improvements having a useful life in excess of twenty years."; and
s (2) That the first sentence in the second paragraph of the Bond Form
in Section 2 of said Order be and it hereby is amended by striking out said
sentence and substituting the following sentence:
" This bond is issued pursuant to Section 16 and 17 of Private & Special
Laws (1959), Chapter 168 and to the City Charter ( Private and Special
Laws 1931, Chapter 54), and acts in addition thereto and an amendment
thereof, and by order of the City Council to raise funds to pay the city's
{ cash grant in aid of me so-called Stillwater Park Urban Renewal Project
under the cooperation agreement between the city and its Urban Renewal
Authority and, to the extent of any balance remaining after the payment
of said cash grant m aid, to pay for those permanent public improvements,
the construction or purchase of which the city has agreed to undertake
in said cooperation agreement."
IN CITY COUNCIL
Feb. 12, 1962
The ordinance requiring the filing
of a new Order was suspended by the
followinq yes add no vote:
Councilors voting yes: Barry, Bailey,
'Blaisdell, Brountas, Brown, Delano,
Cross, Higgins, Whittaker.
Clerk directed to advertise Public
Hearing to be held Feb. 26, 1962.
Tabled.
IN CITY COUNCIL
Feb. 26, 1962
Taken from table, Public ]Haring held,
PASSED by the following yes and no vote:
Councilors voting Yes: Bailey, Barry,
Brountas, Brown, Delano, Whittaker.
Councilors absent: Blaisdell, Cross,
Higgins.
SPC OLM
Mae,
T6 -P
Amending an Order entitled "Order
Authorizing -the Issuance of $340,000
Aggregate Principal Amount of Urban
-Renewal. Bonds.. of_1961-_and of Tax Levy
Therefor."
lntrndoeed and filed by
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CITY OF BANGOR
(FITLE.) Mrbjert _.. Amending an. Order Entitled. order Authorizing the Issuance
of $340, 000 Aggregate Principal Amount of Urban Renewal Bonds of
1961 and of Tax Leve Therefor".
By (hy City Coandl of W City of Bomar;
ORDERED,
THAT
(1) The fifth sentence in Section 1 of the Order entitled, " Order Authorizing
the Issuance of $340,000 Aggregate Principal Amount of Urban Renewal Bonds of
1961 and of Tax Levy Therefor" be and it hereby is amended by striking out said
sentence and substituting therefor the following sentence:
" Said bonds are issued to raise funds to pay the city's cash grant
in aid of the Stillwater Park Urban Renewal Project, under the
cooperation agreement between the city and the Urban Renewal Authority
heretofore authorized and, to the extent of any balance remaining after
the payment of said cash grant in aid, to pay for those permanent public
improvements, the construction or purchase of which the city has agreed
to undertake in said cooperation agreement, and being hereby declared
and determined that said project and said undertakings are permanent
public improvements having a useful life in excess of twenty years."; and
(Z) That the first sentence in the second paragraph of the Bond Form
in Section d of said Order be and it hereby is amended by striking out said
sentence and substituting the following sentence:
" This bond is issued pursuant to Section 16 and 17 of Private & Special
Laws (1957), Chapter 168 and to the City Charter ( Private and Special
Laws 1931, Chapter 54), and acts in addition thereto and an amendment
thereof, and by order of the City Council to raise funds to pay the city's
ash grant in aid of the so-called Stillwater Park Urban Renewal Project
order the cooperation agreement between the city and its Urban Renewal
Authority and, to the extent of any balance remaining after the payment
of said cash grant in aid, to pay for those permanent public improvements,
the construction or purchase of which the city has agreed to undertake
in said cooperation agreement."
NO CE
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