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MtY Os H1
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<br /> COUNTY OF HAWAII STATE OF HAWAII
<br /> '~tf ps ~N~~'
<br /> $II.I. NO. 243
<br /> ORDINANCE NO.
<br /> AN ORDINANCE AMENDING ORDINANCE NO. 95-82 OF THE COUNTY
<br /> OF HAWAII ADOPTED ON JULY 5, 1995, AS AMENDED BY
<br /> ORDINANCE NO. 96-92 ADOPTED ON AUGUST 15, 1996, RELATING
<br /> TO THE ISSUANCE OF GENERAL OBLIGATION BONDS.
<br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
<br /> SECT"ION 1. Section 1 of Ordinance No. 95-82, as amended by Ordinance No.
<br /> 96-92, is hereby amended as follows:
<br /> "SEC TION L Findings and Determinations. It is hereby found and determined that
<br /> appropriations for public improvement projects of the County of Hawaii to be financed from
<br /> general obligation bond funds have been made in Ordinance No. 93-50, as amended, Ordinance
<br /> Nu. 94-70, as amend, Ordinance 95-75, as amended, and Ordinance No. 96-68, as amended, for
<br /> the fiscal years ending June 30, 1994, June 30, 1995, June 30, 1996 and June 30, 1997,
<br /> respectively, and. under the>~al budget ordinances of the County" as amended, for subsequent
<br /> fscal vears. It is hereby further found and determined that it is advisable and in the best interest
<br /> of the County to authorize the issuance and sale of general obligation bonds of the County in the
<br /> maximum principal amount oC $30,000,000, the proceeds derived from the sale of which shall be
<br /> used to pay all or a part of the costs of appropriations referred to above and to pay all or a part of
<br /> the costs of issuance of such bonds."
<br /> SECTION 2. Section 2 of Ordinance No. 95-82, as amended by Ordinance No.
<br /> 96-92, is hereby amended as follows:
<br /> "SECTION 2. Authorization of Bonds. There are hereby authorized for issuance and
<br /> sale general obligation bonds of the County (the "Bonds") in the principal amount of Thirty
<br /> Million Dollars ($30,000,000), the proceeds derived from the sale of which shall be used to pay
<br /> all or a part of the costs of appropriations for public improvement projects of the County to be
<br /> financed from general obligation bond funds made in Ordinance No. 93-50, as amended,
<br /> Ordinance No. 94-7Q as amended, Ordinance No. 95-75, as amended, and Ordinance No. 96-68,
<br /> as amended, Cor the fiscal years ending June 30, 1994, .Tune 30, 1995, June 30, 1996 and June 30,
<br /> 1997, respectively, o_r_under the capital budget ordinances of the County. as ame_,nded~for
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