Laserfiche WebLink
.;0ZYfOiM, ;. <br /> ai1H .. <br /> COUNTY OF HAWAII ._i..���-:,��/. _.l STATE OF HAWAII <br /> �Tf os'4'0__" BILL NO 156 <br /> (DRAFT 2) <br /> ORDINANCE NO. <br /> AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS <br /> OF THE COUNTY OF HAWAII 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 $61,494,010 (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 /> $61,494,010, for the purpose of funding all or a portion of the costs (including costs of issuance of the <br /> Bonds)of the public improvement projects authorized and set forth in Exhibit A. <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 /> Bonds of a series shall mature annually on such day in each year in substantially equal installments of <br /> principal or in substantially equal installments of principal and interest, the first of such maturities to be <br /> no later than five years from the date of the Bonds of such series and the last of such maturities to be not <br />