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BIL 209 Draft 02 1996-1998
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BIL 209 Draft 02 1996-1998
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Last modified
7/14/2021 11:18:41 AM
Creation date
3/11/2010 8:36:12 AM
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Bill/Resolution
Bill/Resolution - Type
BIL
Bill/Resolution - Council Term
1996-1998
Bill/Resolution
209
Draft
02
Introducer
John Ray, Council Member
Referred To
COUNCIL
Action 1
Council: Passes Bill 209, as amended to Draft 2 on first reading - 11/06/98
Action 2
Council: Deferred Bill 209, Draft 2 - 11/18/98
Action 3
Council: Amends Bill 209, Draft 2, to Draft 3 - 12/23/98
Reading Number
1
Reading Date
11/6/1998
Ayes
6 - Arakaki, Elarionoff, Jacobson, Leithead-Todd, Pisicchio, Smith
Noes
2 - Tyler, Yagong
Absent
1 - Chung
Excused
0
Document Relationships
COM 0756.002 1996-1998
(Related To)
Path:
\Council Records\Communications\1996-1998
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0 0 <br /> $20,000,000, the proceeds derived from the sale of which shall be used to pay all or a part of the <br /> costs of appropriations for public improvement projects of the County to be financed from general <br /> obligation bond funds made in Ordinance No. 96 -68, as amended, Ordinance No. 97 -82, as amended, <br /> and Ordinance No. 98 -50, as amended, for the fiscal years ending June 30, 1997, June 30, 1998, and <br /> June 30, 1999, respectively, and to pay all or part of the costs of issuance of the Bonds, including, <br /> without limitation, the initial fees of paying agents and registrars, the fees of any financial consultants <br /> and bond counsel, underwriter's discount, the cost of preparation of any official statement, notice of <br /> sale and definitive bonds, and any cost of publications required by law or as otherwise appropriate. <br /> The cost of issuance of the Bonds shall be allocated pro rata to each of the particular improvements <br /> financed from the proceeds of the Bonds; and appropriations therefor are hereby made. The proceeds <br /> derived from the sale of the Bonds may be used to reimburse the General Fund for funds theretofore <br /> borrowed pursuant to resolutions of the County Council to pay costs of certain appropriations made in <br /> Ordinance No. 96 -68, as amended, Ordinance No. 97 -82, as amended, and Ordinance No. 98 -50, as <br /> amended, to be financed from general obligation bond funds. <br /> SECTION 3. Details of Bonds. The Bonds authorized for issuance and sale in Section <br /> 2 hereof shall be issued and sold in their entirety at one time as a separate series of general obligation <br /> bonds of the County, or as a part of a series of other general obligation bonds of the County, or from <br /> time to time in series, all as shall be determined by the Director of Finance to be in the best interest <br /> of the County. The Bonds shall be issued in fully registered form without coupons in the <br /> denomination of $5,000 or any integral multiple of $5,000, or in such other denominations as the <br /> Director of Finance shall determine. The Bonds of a series shall be numbered from 1 upwards in <br /> chronological order of delivery or shall be numbered in any other manner as the Director of Finance <br /> 2 <br />
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