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HomeMy WebLinkAbout1974-08-12 251 AB ORDER251 AB Introduced by Councilor B=oentas, A191st 12, 1974 IN CITY CITY OF BANGOR (TITLE.) @rUrt ...Authorisingm. xaaue_of 81,900.QOD _... _... __.___AWvgato, Principall apppap of. bondsowa Tex. Levy Moral= _ ....... By the City Council of No City of Nasser. ORDERED, THAT paresant to Section 8 of Article vl of the City Charter (Private and Special Laws of 1931, Chapter 54) and all acts amendatory, thereof and additional thereto, there is hereby authorized the issue end sale of One Mil - line Nine Hundred Thousand Delbert; (31,9009000) aggregate principal amount of serial coupon bands of the City of Bangor to be in the decomimtim of 15,000 each and to be numbered from No. 1 upward with interest payable a -annually at such rate as shall be determined by the City Treasurer with the approval of the Fineman Committee and the Chairman of the City Council. Said bases ahell be dated December 1, 1974 or such other earlier or later date as shell be deter- mined by the City Treasurer with the approval of the Finance Co®ittee and the Chairman of the City Council end well be payable 895,000 an the anniversary of their date, in each of the years 197_ to 199_ inclusive. Said bonds shall be authenticated as to genuineness by Northeast Bank and Trust twenty, in Bangor, Maine, and shall be payable as to principal end interest at said bast, provided, however, that the City Treasurer is authorized to select a co -paying agent located in the City of Boston, Massachusetts, in which case amid bands shell be payable as to principal and interest at Northeast Bust & Trust Company, or, at the optim of the holder, at such other bank, if my, as the Treasurer selects. Me proceeds derived from the sale of said bonds, lam premium if my, shall be need and are hereby appropriated for lova An- quisitim, for the construction of permanent public improvements all of which are hereby authorized, to wit: (1) Hendunkmg Stream Urban Renewal Project - Balance of city Share 3187,752 (2) Acquisition of lead as Site for New Central Fire Statim 250,00D (3) Construction of Permanent Improvements to City Hall 7o,4G0 (4) Construction of Parking Deck fm Second Level Parking at Columbia Street Lot 130,000 y IN CITY COUNCIL August 12, 1974 Received let reading by the following yea and no vote: Councilors voting yes: Halaacci, H9110u, Hrountas, Gass, Henderson, Rooney, Needham and Speirs. Councilor voting n Higney. Toussaint next meeting. 251 AN OIt ORDER Title, Author., Issue of $1,9006000 A,oeg[e Yate Pi incipal Awt. O£ Honas N' Tan 19vy 'ITeYe£oY CITY CLH1% in City 1CIL in reading d bKSC August 26, COUNCIL 19 Received ani reaaing ani final O passage by the following yes aCdunciLne no vote;councilors voting y s ss, Baldacci, Ballou, Biguntes, Henderson, Rooney, Needham and Spans. Councilor voting no. Bigney. CITY C RECEIVED r7k AUS -0 AM II I C3 CITY CLEWS OFFICE PITY OF BANGOR MAINE