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COUNTY OF HAWAII <br />JNSY OF M� <br />60 •'may ��i ki <br />r; ;r <br />4r� OF•NF,.F� <br />ORDINANCE NO. <br />STATE OF HAWAII <br />BILL NO. 325 <br />AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS <br />OF THE COUNTY OF HAWAPI FOR THE PURPOSE OF FUNDING ALL OR A PORTION <br />OF THE COSTS OF VARIOUS PUBLIC IMPROVEMENT PROJECTS; FIXING THE FORM, <br />DENOMINATIONS, AND CERTAIN OTHER DETAILS OF SUCH BONDS AND <br />PROVIDING FOR THEIR SALE TO THE PUBLIC; AND AUTHORIZING THE TAKING OF <br />OTHER ACTIONS RELATING TO THE ISSUANCE AND SALE OF THE BONDS. <br />BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br />SECTION 1. Findings and Determinations. The County Council hereby determines <br />sale and delivery of general obligation bonds of the County in an aggregate principal amount not to <br />exceed $5,100,000 (the "Bonds") for the purpose of funding all or a portion of the costs of the County <br />Projects referred to in Section 2 hereof. <br />SECTION 2. Authorization of Bonds. There are hereby authorized for issuance and <br />sale, in one or more series, Bonds of the County, in an aggregate principal amount not to exceed <br />$5,100,000, for the purpose of funding all or a portion of the costs (including costs of issuance of the <br />Bonds) of public improvement projects authorized and set forth as follows: <br />Project Description <br />Estimated Cost <br />Transfer Station Retainer Wall Repairs <br />5,000,000 <br />Bond Issuance Costs <br />100,000 <br />Total <br />5,100,000 <br />SECTION 3. Details of Bonds. The Bonds authorized for issuance and sale hereunder <br />shall be issued and sold in one or more or as part of a series of other general obligation bonds of the <br />County, all as shall be determined by the Director of Finance to be in the best interest of the County. <br />The Bonds of a series shall be issued in fully registered form without coupons in the denomination of <br />$5,000 or any integral multiple of $5,000, or in such other denominations as the Director of Finance <br />shall determine. The Bonds of a series shall be numbered from 1 upwards in chronological order of <br />delivery or shall be numbered in any other manner as the Director of Finance shall determine. The <br />