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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 ..... ....____ ............ __... _._ .......... Btl Ns Cittl CMrae ojUa CItY WBamWr: h� 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 � 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 '.