HomeMy WebLinkAbout1975-06-23 252 AC ORDER252 AC
Introduced by Councilor Spens, dune 23, 1975
i, CITY OF BANGOR
RniEJ WlUei Amend g o der A cn fafntl $,1,.900,000 Agpr,gate Principal
Amount of Bonds and Providing for the Consolidation of Said hoods with
____Another Authorized Ise as of Bonds
..... ....____ ............ __... _._ ..........
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79AT the Order adopted on August 26, 1974, entitled Order Authorizing
an Issue of $1,900,000 Aggregate Principal Amount of Bonds and a Tax Levy
Therefor, as supplemented by the order adapted on February 24, 1975 entitled
Order Relating to the Issuance of Cartels Bonds and Temporary Notes be and
hereby is amended by striking o wherever they appearsaid Order the
words "Northeast Bank and Trust Companysand substituting therefor the words
The Merrill Trust Company" so that said Order as so amended shall provide
that the Bonds authorized thereby ahall be authenticated so as to genuineness
by and payable as to principal and interest at The Merrill Trust Conpany.
FORTNER OBOTOOD.
THAT the $1,900,000 principal amount of bonds authorized by said Order
as mended shall be consolidated with the $2,150,000 principal amount of
bonds authorized by the Order adopted on May 12, 1975 and issued as a single
of Permanent Public Improvement Bonds of 1975 the aggregate principal
amount of $4,050,000 maturing i nineteen annual installments of $205,000
ach followed by a twentieth installment of $155,000 in accordance with the
requirement$ of the City Charter.
FURTHER ORDERED,
THAT the provisions of this order shall supersede any inconsistent
provisions of said Orders adopted on August 26, 1974 and May 12, 1975, but
othervise said Orders shall remain an full force and effect and $hall be
deemed to apply to said consolidated issue of $4,050,000 permanent Public
Improvement Bonds of 1975.
STATEMENT OF PACE: The purpose of this Order is to correct a typographical
error n Council Order No. 197 AN in respect to principal amounts of bonds
authorized.
IN CITY COUNCIL 252 AC
jure 23, 1975 RECEIVED
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passed.,O R D E R
�g. 9T5 ,IUM 19 171 2%11
CITY CINIRK rine, .. CITY CLEWS OFFICE
r,ITY or 0.0"R, MAINE'
:Amen md' 'Order Autho izivg'$1,900,00 '
q an
ate Principal In dont of Bonds and
Provi4rg for the Consolidation of Said
^ Bond$ with'Another Anthozized Issue Of Bonds.
In trod d and filed by
. ..
councilman '.