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HomeMy WebLinkAbout1965-07-12 147-S ORDER147S Introduced by Councilor Ranlett, duly U, 1965 CITY OF BANGOR (TITLE.) (Damr,-_.... Authnriziltg. issue of 3315,uoo lggr gate Principal Amount of Bonds and a Tax Levy Therefor. By She City Coanedl of tie City of Danger. ORDERED, THAT purspant to Section 8 of Article V6 of the City Charter (Private and Special laws of 1931, Chapter 54), and all acts amendatory tbereof and additional thereto, and under Section 24A of Chapter 425 of the 1965 Private and Special Lams of Maine, there is hereby authorized the issue and sale of Three Hundred Fifteen Thousand dollars ($315,000) aggregate principal amount of aerial coupon bonds of the City of Bangor to be in denominations of either $1,000 or $5,000 each and to be numbered from No. 1 upwaai with interest payable semiannually at such rate as shall be determined by the City Treasurer, with the approval of the Finance Cameittee and the Obsidian of the City Council. Said bonds shell be dated September 1, 1965, and shall be payable $15,000 on the first day of September in each of the years 1966 to 1986, inclusive. Said bonds shall be authenticated as to genuineness by Merchants National Bank, in Bangor, Naine, and shall be payable as to principal and interest at said bank, provided, however, that the City Treasurer is authorized to select aco-paying agent located in the City of Boston, Massachusetts, in which case said bonds shall be payable as to principal and interest at Merchants National Basic, or, at the option of the holder, at such other bank, if ary, as the Treasurer selects. The proceeds derived from the sale of said bonds less prmdum, if aav, shall be used and are hereby appropriated in the aspects hereinafter indieated: (i) to the extent of $1201000 for the CSty:s cash grant-in-aid to the Stillwater Park Urban Renewal Project, (ii) to the extent of $100,000 to re-establish the Hersey Fund (so called), and (iii) for three permanent public improvements in the City, hereby or heretofore authorized, the astiaated period of utility of each is hereby declared to be at least twenty-five years, to wit: street construction (Mount Hope Avenue) - $40,000; construction RECEIVED 1965 JUL -8 AA 11:07 CITY CLERK'S OFFICE T- "�R. MAINE IN' ITY COUNCIL July 12, 1965 Amended by changing ^Parking^ to the word ^Park' in (iii) as a - madded, given itts first Teading, yes and no vote. hose Voting yea : Baldacci, Connotes, ZmIM nP Conti, Dinsmore, Barlett and Hughes "Non vote by Councilor Barry." Councilor Houston absent. Tabled. IN CITY COUNCIL July 26, 1965 Taken from table, public hearing held, PASSED by the folla,ing yes and no vote: Councilors voting yes: Baldacci, Conti, Dinemors, Higgins, Hoseton, Hughes, RaNett. Councilor voting no: Bang. Councilor Brountas absent. RNM O RD E Title, Ants. lease of $315,000 Aggregate ...................................... Principal Amount of Bonds& Tax Levy ...................................... Introduced and filed by Councilman Ah ll Am ,. _o L xt III, MA v,:�.:'lR ..�.,IM e.".:.. of a parking area in Bass Park near the Auditorium - $20,000; and construction of an addition to the Bangor City Hospital - $35,000. Any premiums received from the sale of said bonds less the cost of preparing, issuing and marketing them shall be applied to the payment of the first of said bonds to mature. Said bonds shall be sub- stantially in the following form: U N I T E D S T A T E S O F A M E R I C A No. STATE OF MAINE $ CITY OF BANGOR GENERAL PUBLIC IMPROVEMENT AND FUNDING BOND The City of Bangor, in the State of Maine, for value received, hereby promises to pay to bearer the sum of thousand dollars ($ ) on the first day of September, 19with interest meantime at the rate of per cent. ( %) per annum, payable semiannually to the bearer of the coupons hereto attached, upon surrender there- of as they respectively mature, both principal and interest being payable at Merchants National Bank, in Bangor, Maine (or, at the option of the holder, at , in Boston, Massachusetts). This bond is issued pursuant to the City Charter (Private and Special Laws of 1931, Chapter 54), and acts in addition thereto and in amendment thereof, and Section 24A of Chapter 425 of the 1965 Private and Special Laws of Maine and by order of the City Council to raise funds to provide a cash grant-in-aid of the S water Park Urban Renewal Project, to re-establish the Hersey found, so called, and for permanent public im- provements, to wit: street construction, construction of an addition to the City Hospital and a parking area in Bass Park. It is hereby certified that every requirement of law relating to the issue hereof has been duly complied with and that this bond is, and the indebtedness evidenced hereby was, at the time it was incurred, within every debt and other limit prescribed by the Constitution and laws of the State of Maine, the Ordinances, Orders and Resolves of the City of Bangor. This bond is one of a series of bonds of like tenor, except as to maturities and denominations, numbered 1 to 64, inclusive, in the denominations of $5,000 and $1,000 and payable $159000 on the first day of September in each of the years 1966 to 1966, both_ dates.Inclusive,. The said City of Bangor hereby pledges its faith and credit for the payment of the principal of and interest on said bonds, but neither this bond nor any coupon for interest hereon shall become obligatory until the bond is authenticated by the certificate of Merchants National Bank endorsed hereon. IN WITNESS WHEREOF, the said City of Bangor has caused its corporate seal to be hereto affixed and this bond to be signed in its name and behalf by its City Treasurer and countersigned by the Chair- man of its City Council and the attached coupons to bear the facsimile signature of said City Treasurer, the first day of September, 1965• Countersigned: CITY OF BANGOR Chairman of City Council By City Treasurer Seal) (COUPON) On the first day of 119 , the City of Bangor, Maine, will pay to bearer $ at Merchants National Bank, in Bangor, Maine (or, at the option of the holder, at , in Boston, Massachusetts), for six months' interest then due on its General Public Improvement and Funding Bond, dated September 1, 1965• No. City Treasurer That the City Treasurer, with the approval of the Finance Committee and Chairman of the City Council, 1s hereby authorized and directed to prepare, issue and sell the bonds herein authorized at public sale at not less than par and accrued interest to date of delivery in such manner, at such time and upon such terms as he shall determine, with approval as aforesaid, and to give receipt for payment of the purchase price of said bonds and to do all things necessary or proper subject to this Order and applicable provisions of law to effectuate the issuance and sale of said bonds. That in each of the years during which any of the bonds are outstanding there shall be levied a tax in an amount which, with other revenues, if any, available for the purpose, shall be sufficient to pay the interest on said bonds payable in such year and the principal of such bonds maturing in such year. FURTHER ORDERED: That Messrs. Ropes & Gray of Boston, Massachusetts, be requested to render an opinion approving the validity of the bonds authorized by the preceding Order. CITY OF BANGOR (TITLE.) MrltgTa ........Authorizing. Terme of x31%000 Aggregate Principal Amnaat. ..... t B da antl a Tax Levy Therefor. By Ow City Counii of Nw City of Bangor. ORDERED, THAT pursuant to Section 8 of Article V6 of the City Charter (Private and special laws of 1931, Chapter 54), and all acts emendatory thereof antl additional thereto, and under Section 24A of Chapter 425 of the 1965 Private and Special Laws of Maine, there is hereby authorized the issue and sale of Three Hundred Fifteen Thousand dollars ($315,000) aggregate principal amount of serial coupon bonds of the City of Bangor to be in deuaainations of either $1,000 or $5,000 each and to be conceded from No. 1 upward with interest payable semiannually at such rate as shall be determined by the City Treasurer, with the approval a the Finance Committee and the Chairman of the City Council. Said bonds shall be dated September 1, 1965, antl shall be payable $15,000 on the first day of September in each of the years 1966 to 1986, inclusive. Said bonds shall be authenticated as to genuineness by Merchants National Bank, in Bangor, Maine, and shall be payable as to principal and interest at said baec, Provided, however, that the City Treneurer is authorized to select a o-payi� agent located in the City of Boston, Massachusetts, in which case said bonds shall be payable as to principal and interest at Merchants National Bend, or, at the option of the holder, at such other bark, if any, as the Treasurer selects. The Proceeds derived from the sale of said bonds less premium, if any, shall be used and are hereby appropriated in the accurate hereinafter indicated: (i) to the extent of $izo,oco for the City's cash grant-in-aid to the Stillwater Park urban Counsel Project, (ii) to the extent of $100,000 to re-establish the Hersey Fund (so called), and (iii) for three permanent public improvements in the City, hereby or heretofore authorized, the estimatad period of utility of each as hereby declared to be at least twenty-five years, to wit: street construction (Mount Hope Avenue) - $40,0005 construction vas Introduced by Councilor Remiett, Jury 12, 1965 CITY OF BANGOR (TITLE.) MrltgTa ........Authorizing. Terme of x31%000 Aggregate Principal Amnaat. ..... t B da antl a Tax Levy Therefor. By Ow City Counii of Nw City of Bangor. ORDERED, THAT pursuant to Section 8 of Article V6 of the City Charter (Private and special laws of 1931, Chapter 54), and all acts emendatory thereof antl additional thereto, and under Section 24A of Chapter 425 of the 1965 Private and Special Laws of Maine, there is hereby authorized the issue and sale of Three Hundred Fifteen Thousand dollars ($315,000) aggregate principal amount of serial coupon bonds of the City of Bangor to be in deuaainations of either $1,000 or $5,000 each and to be conceded from No. 1 upward with interest payable semiannually at such rate as shall be determined by the City Treasurer, with the approval a the Finance Committee and the Chairman of the City Council. Said bonds shall be dated September 1, 1965, antl shall be payable $15,000 on the first day of September in each of the years 1966 to 1986, inclusive. Said bonds shall be authenticated as to genuineness by Merchants National Bank, in Bangor, Maine, and shall be payable as to principal and interest at said baec, Provided, however, that the City Treneurer is authorized to select a o-payi� agent located in the City of Boston, Massachusetts, in which case said bonds shall be payable as to principal and interest at Merchants National Bend, or, at the option of the holder, at such other bark, if any, as the Treasurer selects. The Proceeds derived from the sale of said bonds less premium, if any, shall be used and are hereby appropriated in the accurate hereinafter indicated: (i) to the extent of $izo,oco for the City's cash grant-in-aid to the Stillwater Park urban Counsel Project, (ii) to the extent of $100,000 to re-establish the Hersey Fund (so called), and (iii) for three permanent public improvements in the City, hereby or heretofore authorized, the estimatad period of utility of each as hereby declared to be at least twenty-five years, to wit: street construction (Mount Hope Avenue) - $40,0005 construction RECEIVED 1965 JUL —8 dM 11: 07 CITY CLERK'S OFFICE IN.: ITT COUNCIL July 12, 1965 Amended by changing "Parking' to the word "Park` in (iii) a Wedded, given it$s first reading, yes and no vote. Those voting yes were: Baldanci, Brountaa, +,Nt&ginp Conti, Dinsmore, Ranlett; and Hughes. "No" vote by Councilor Barry. Councilor Houston absent. Tables. IN CITY COUNCIL July 26, 1965 Taken from table, public hearing held, PASSED. by the following yea and no vote: Councilors voting yea: Baldacci, Conti, Dinsmore, Higgins, Houston, Hughes, Hamlett. Councilor voting no: Barry. Councilor 6rountae absent. CITY 1475 O RD B Title, Auth. Issue of $315,000 Aggregate ...................................... Principal Amount of Bonds .& Tax Levy ...................................... Introduced and filed by Councilman .« i - -. ter. lkdmd� sold sonsiond. 1. IML on 11h.1 M ad, Moboul.r. IRA RA %MMT AM llpt 1.1 a � mpWWd ^A"And Add eb.,.a W.M.Mod bonds And An, do All .1 MIMMI «� of a parking area in Bass Park near the Auditorium - $20,000; and construction of an addition to the Bangor City Hospital - $35,Coo. Any premiums received from the sale of said bonds less the cost of preparing, issuing and marketing them shall be applied to the payment of the first of said bonds to mature. Said bonds shall be sub- stantially in the following form: U N I T E D S T A T E S O F A M E R I C A No. STATE OF MAINE CITY OF BANGOR GENERAL PUBLIC IMPROVEMENT AND FUNDING BOND The City of Bangor, in the State of Maine, for value received, hereby promises to pay to bearer the sum of thousand dollars ($ ) on the first day of September, 19with interest meantime at the rate of per cent. ( %) per annum, payable semiannually to the bearer of the coupons hereto attached, upon surrender there- of as they respectively mature, both principal and Interest being payable at Merchants National Bank, in Bangor, Maine (or, at the option of the holder, at in Boston, Massachusetts). This bond is issued pursuant to the City Charter (Private and Special Laws of 1931, Chapter 54), and acts in addition thereto and in amendment thereof, and Section 24A of Chapter 425 of the 1965 Private and Special Laws of Maine and by order of the City Council to raise funds to provide a cash grant-in-aid of the Still- water Park Urban Renewal Project, to re-establish the Hersey Fund, so called, and for permanent public im- provements, to wit: street construction, construction of an addition to the City Hospital and a parking area in Bass Park. It is hereby certified that every requirement of law relating to the issue hereof has been duly complied with and that this bond is, and the indebtedness evidenced hereby was, at the time OUlT-CLAIM DEED KNOW ALL MEN BY THESE PRESEN2S, that PENTECQSTAL ASSRlBLY OF BANGOR, INC., a corporation duly organized under the laws of the State of Maine, and having its principal place of business in Bangor, in the County of Penobscot, State of Maine, in consideration Of One dollar ($1.00) and other valuable consideration, (but less that $100.00), paid by the CITY OF BANGOR, a municipal corporation, located in said County and state, the receipt whereof is hereby acknowledged, does hereby give, grant, bargain, sell and convey unto the said CIPY OF BANGOR, its sec cessors and assigns forever, the following described parcel of land: Beginning at a point on the southerly property line of Coe Park, said point being One hundred twenty feet (120 ft.) west of the southeast corner of Coe Park; thence south, at right angles to said property line, a distance of forty feet (40 ft.); thence east at right angles to the ]eat described line, a distance of approximately One hun- dred ninety feet (190 ft.) to the westerly mean low water line of Kenduskeag Street; thence north along said low water line, a distance of approximately fifty feet (50 ft.) to a paint on the projection of the southerly property line of Coe Park; thence west along said southerly line of Coe Park, a distance of Two hundred ten feet (210 ft.) to the point of beginning. The above-described parcel contains 0.18 acres. Massing and intending to convey a strip of land forty feet (40 £t.) wide and approximately We hundred feet (200 ft.) long, at the northeast corner of the sate premises conveyed to the Grantor by a warranty deed from C. H. Hasson, Sr., recorded on duly 2, 1946, in the Penobscot County Registry of Deeds, Volume 1247, Page 355. If the foregoing described premises at any time cease to be used for the approach walkway to the west end of the Morse Covered Bridge, so-called, as its restoration 1s now projected, and as new laid out by the Engineering Department of the CITY OF BANGOR, then in each event the foregoing described premises shall revert to the Grantor herein or its successors and assigns. TO HAVE AND TO NOLO the above described premises, with all the privileges and appurtenances thereof, to the said CITY OF INDOOR, its successors and assigns, forever; so that neither it, the said PENTECOSTAL ASSEMBLY OF BANWR, INC., nor its successors, or any other person or persona claiming from or under it or them, or in the name, right or stead of it or them, shall or will, by any way or mea , have, claim or demand any right or title to the aforesaid premises, or their appurtenances, or to any part or parcel thereof, forever, except as aforesaid. IN WITNESS WRERROF, the said PENTECOSTAL ASSEMBLY OF BANNER, INC. has caused in its name this instrument to be sealed with its Corp- orate seal and signed in its corporate name by Clifford A. Crabtree, its President, thereunto duly authorized, this 17 day of July, in the year of our Lard, Due thousand nine Donated and sixty-five (A.D. 1965). Signed, Sealed and Delivered in Presence of (� \ GAL 0.l C PENTECOSTAL ASSEMBLY OF BANNER, INC. STATE OF MAINE c�resiaec idem pyf�r�g. ' PENOBSCOT, s5. July I? , 1965. Personally appeared the above named Clif-Ord A. Crabtree, President of said PENTECOSTAL ASSE[ffiLY OF BANGOR, INC. and acknowledged the above instru- ment to be his free act and deed in his said capacity and the free act and deed of said PENTECOSTAL ASSESSES! OF BANNER, INC. o Before me �'M6 Potary Public ,]ue ' rof�h Passe