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("Ordinance No. 96-68"), among other appropriations, $9,400,000 from <br /> the sale to the Department of Health of general obligation bonds of <br /> the County to the Qualified Wastewater Projects and for the purposes <br /> <br /> designated in said Ordinance No. 96-68; (ii) none of such <br /> appropriations has been satisfied from the sale of general <br /> obligation bonds of the County nor has the County authorized the <br /> issuance of general obligation bonds for such purpose; and (iii) <br /> there remains outstanding pursuant to Ordinance No. 96-68, <br /> $9,400,000 of appropriation for the sale of general obligation bonds <br /> of the County for the aforesaid purpose. <br /> SECTION 2. Authorization of Bonds. There are hereby authorized <br /> for issuance and sale general obligation bonds of the County (the <br /> "Bonds") in the maximum principal amount of $9,400,000, the proceeds <br /> derived from the sale of which shall be used to pay all or part of <br /> the cost of appropriations for the Qualified Wastewater Projects of <br /> the County to be financed from proceeds of general obligation bonds <br /> to be sold to the Department of Health made in Ordinance No. 96-68 <br /> for the fiscal year ending June 30, 1997, as follows: <br /> Ord. No. Proiect Amount <br /> 96-68 Pauka'a Community Collector Sewer $2,500,000 <br /> 96-68 Waiakea Houselot Collector Sewer - Phase II $6,900,000 <br /> The proceeds derived from the sale of the Bonds may be used to <br /> reimburse the General Fund for funds theretofore borrowed pursuant <br /> to resolutions of the County Council to pay costs of certain <br /> appropriations made in Ordinance No. 96-68, as amended, to be <br /> financed from general obligation bond funds. <br /> SECTION 3. Details of Bonds. The Bonds authorized for issuance <br /> and sale in Section 2 hereof shall be issued and sold in their <br /> entirety at one time as a separate series of general obligation <br /> bonds of the County, or from time to time in series, all as shall be <br /> determined by the Director of Finance to be in the best interest of <br /> the County. The Bonds shall be issued in fully registered form <br /> -2- <br /> <br />