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COUNTY OF HAWAII STATE OF HAWAII <br />BILL NO. 18 0 <br />ORDINANCE NO. <br />AN ORDINANCE AUTHORIZING THE ISSUANCE OF $40,000,000.00 GENERAL <br />OBLIGATION BONDS OF THE COUNTY OF HAWAII FOR THE PURPOSE OF <br />FINANCING VARIOUS PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII; <br />FIXING THE FORM, DENOMINATIONS, AND CERTAIN OTHER DETAILS OF SUCH <br />BONDS AND PROVIDING FOR THEIR SALE; AND AUTHORIZING THE ISSUANCE <br />AND SALE OF A LIKE PRINCIPAL AMOUNT OF GENERAL OBLIGATION BOND <br />ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE AND SALE OF SUCH <br />BONDS AND APPROPRIATING FUNDS FOR THE COSTS OF THE ISSUANCE OF SUCH <br />BONDS. <br />BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII <br />SECTION 1. Findings and Determinations. It is hereby found and determined that <br />appropriations for public improvement projects of the County of Hawaii, Hawaii to be financed <br />from general obligation bond funds have been made in Ordinance No. 95-75, as amended, <br />Ordinance No. 96-68, as amended, and Ordinance No. 97-72, as amended, for the fiscal years <br />ending June 30, 1996, June 30, 1997, and June 30, 1998, respectively. It is hereby further found <br />and determined that it is advisable and in the best interest of the County to authorize the issuance <br />and sale of general obligation bonds of the County in the maximum principal amount of <br />$40,000,000, the proceeds derived from the sale of which shall be used to pay all or a part of the <br />costs of appropriations referred to above and to pay all or a part of the costs of issuance of such <br />bonds. <br />SECTION 2. Authorization of Bonds. There are hereby authorized for issuance <br />191910.1 0191]O ORD <br />