BIL 209 Draft 03 1996-1998 - Laserfiche WebLink

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$30,000,000, the proceeds derived from the sale of which shall be used to pay all or a part of the costs of appropriations for public improvement projects of the County to be financed from general obligation bond funds made in Ordinance No. 96-68, as amended, Ordinance No. 97-82, as amended, and Ordinance No. 98-50, as amended, for the fiscal years ending June 30, 1997, June 30, 1998, and June 30, 1999, respectively, and to pay all or part of the costs of issuance of the Bonds, including, without limitation, the initial fees of paying agents and registrars, the fees of any financial consultants and bond counsel, underwriter's discount, the cost of preparation of any official statement, notice of sale and definitive bonds, and any cost of publications required by law or as otherwise appropriate. The cost of issuance of the Bonds shall be allocated pro rata to each of the particular improvements financed from the proceeds of the Bonds; and appropriations therefor are hereby made. The proceeds derived from the sale of the Bonds may be used to reimburse the General Fund for funds theretofore borrowed pursuant to resolutions of the County Council to pay costs of certain appropriations made in Ordinance No. 96-68, as amended, Ordinance No. 97-82, as amended, and Ordinance No. 98-50, as amended, to be financed from general obligation bond funds. SECTION 3. Details of Bonds. The Bonds authorized for issuance and sale in Section 2 hereof shall be issued and sold in their entirety at one time as a separate series of general obligation bonds of the County, or as a part of a series of other general obligation bonds of the County, or from time to time in series, all as shall be determined by the Director of Finance to be in the best interest of the County. The Bonds shall be issued in fully registered form without coupons in the denomination of $5,000 or any integral multiple of $5,010, or in such other denominations as the Director of Finance shall determine. The Bonds of a series shall be numbered from 1 upwards in chronological order of delivery or shall be numbered in any other manner as the Director of Finance 2