HomeMy WebLinkAbout1984-03-12 84-107 ORDER84-10]
Introduced by Councilor Coo, Mrch 12, 1989
_ CITY OF BANGOR
(TUTEE.) (Drbgrf ,..... tM1 zan8_A&ie [ vitfi [he, Mei M icipal B nd Benk,.,,,.
By tks city Cauruil oftho Qty OfBaegor:
ORDERED,
PI{py',, the City Manager is hereby authorized to enter into an agree-
ment
with the Mss
Maine Municipal Bond Bank for the purpose of issuing
$1,800,000 is permanent public i:q,rovement registered bonds.
and be it further
ORDERED,
That, the term of said bonds be reduced from 20 years to 10 years.
Statement of Pact: Council orders 81-108, 82-136 and 83-171 authorized
respectively $)]5,000, $425,000 and $600,000 principal federal of
bonds. Each order called for a 20 -year general obligation issue,
however, such obligations are no longer allowed by law. Bands
must be issued in full registered farm, and, it would be In the
best interest of the City of Banger, to nclude the $1,800,000 in
the May, offering of the Maine Municipal Bend Bank.
84-10%
In City. Council March 12,1984 O R D E R
Passed
Title,
Authorizing Agreement with the Maine EI
C e , ....... ..........
Municipal 9tnd Bank
......................................
Inco
filed by
Councilman