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HomeMy WebLinkAbout1975-05-12 197 AC ORDER197 Ac Introduced by Councilor Speirs, nay 12, 1905 i_.N CITY OF BANGOR (TITLE.) (OrklPr,--_Amending_ an. DrdQr Aethorizing $1,900a000,AggreBate_. .Prinaipal.. Amount.. ofBonds... and _Providing..for....the_ionaolidation..of.... Said Bonds With Another Authorized Issue of Bonds. By Ow Csy Coaxal of tae City ofRmsr: ORDERED, THAT 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 adopted on February 24, 1975 entitled Order Relating to the Issuance of Certain Bonds and Temporary Motes be and hereby is amended by strikingout wherever they appear in said Order the words "Northeast Bank and Trust Compar7 and substituting therefor the words The Merrill Trust Comp any'. so that said Order as so amended shall Provide that the Bonds authorized thereby shall be authenticated $o as to genuineness by aryl payable as to principal and interest at The Merrill Trust Company. FMIBBB ORDERED, That the $1,900,000 principal amount of bonds authorized by said Order as amended shall. be consolidated with the $2,170,000 Principal amount of bonds authorized by the Order adopted on , 1975 and issued as a single issue of Permanent Public Improvement Bonds of 1975 the aggregate principal amount of $4,070,000 maturing in nineteen annual installments of $205,000 each followed by a twentieth installment of $175,000 In. accordance with the requirements of the City Charter. MTM ORDERED, That the proviaions of this Order shall supersede any inconsistent provisions of said Orders adopted on August 26, 1974 and, 1975, but otherwise said Orders shall resain in full force and effect and Shall be deemed to apply to said consolidated issue of $4,070,000 Permanent Public Improvement Bonds of 1975• 1 _ _ IN CITY COUNCIL. X'/S May 12, 1975 19] AC- Amended by inserting "May I$2'L ✓sle-[[ 9 /�� 12, l 11 in the spaces 1, - O R D E R - N paragraph 2 and 3. As rdad, passed. .. . A Title. .. - —IkLCITY C M Ming as hcder Authorising $1,900,0W' _ _ ,aggregate-, pxincipel iwwnt, of BOadl a,W providing for ConaOlidation of Said Bonds With Anther Authorized Issue of MOONS. In roduced and filed by - - " � Cowci]man