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. <br /> COUNTY OF HAWA~~'~ ATE OF HAWAII <br /> - ~ - - ` BILL NO. 31 <br /> ORDINANCE NO. <br /> AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF <br /> THE COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING VARIOUS PUBLIC <br /> IMPROVEMENTS OF THE COUNTY OF HAWAII; FIXING THE FORM, DENOMINATIONS, <br /> AND CERTAIN OTHER DETAILS OF SUCH BONDS AND PROVIDING FOR THEIR SALE; AND <br /> AUTHORIZING THE ISSUANCE AND SALE OF A LIKE PRINCIPAL AMOUNT OF GENERAL <br /> OBLIGATION BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE AND <br /> SALE OF SUCH BONDS AND APPROPRIATING FUNDS FOR THE COSTS OF THE <br /> ISSUANCE OF SUCH BONDS. <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII. <br /> SECTION 1 Authorization of Bonds. There are hereby authorized for issuance and sale <br /> general obligation bonds of the County of Hawaii in the principal amount of $7,000,000, the <br /> proceeds derived from the sale of which shall be used to finance the various public improvements <br /> as authorized in SECTION 14 of this ordinance and to pay all or a part of the costs of issuance of <br /> such bonds. <br /> SECTION 2 Authorization of Proceeds. The proceeds derived from the sale of the <br /> <br /> general obligation bonds (hereinafter referred to as the "5onds") authorized for issuance and sale <br /> in SECTION 1 in the maximum principal amount of $7,000,000, shall be used to pay all or a part <br /> <br /> of the costs of appropriations for public improvement projects of the County as described in <br /> SECTION 14 of this ordinance and to pay all or part of the costs of issuance of the Bonds, <br /> including, without limitation, the initial fees cf paying agents and registrars, the fees of any <br /> <br /> financial consultants and bond counsel, underwriter's discount, the cost of preparation of any <br /> official statement, notice of sale and definitive bonds, and any cost or publications required by law <br /> or as otherwise appropriate The cost of issuance of the Bonds shall be allocated pro rata to <br /> each of the particular improvements financed from the proceeds of the Bonds, and appropriations <br /> i <br /> <br />