ORD 2001-033 2000-2002 - Laserfiche WebLink

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COUNTY OF HAW~I~;ATE OF HAWAII BILL NO. _31 ORDINANCE NO. ~ 33 AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING VARIOUS PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII, FIXING THE FORM, DENOMINATIONS, AND CERTAIN OTHER DETAILS OF SUCH BONDS AND PROVIDING FOR THEIR SALE, AND AUTHORIZING THE ISSUANCE AND SALE OF A LIKE PRINCIPAL AMOUNT OF GENERAL OBLIGATION BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE AND SALE OF SUCH BONDS AND APPROPRIATING FUNDS FOR THE COSTS OF THE ISSUANCE OF SUCH BONDS BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII SECTION 1 Authorization of Bonds There are hereby authorized for issuance and sale general obligation bonds of the County of H~wai'i in the prinapal amount of $7,000,000, the proceeds derived from the sate of which shall be used to finance the various public improvements as authorized in SECTION 14 of this ordinance and to pay all or a part of the costs of issuance of such bonds SECTION 2 Authorization of Proceeds The proceeds derived from the sale of the general obligation bonds (hereinafter referred to as the "Bonds") authorized for issuance and sale in SECTION 1 in the maximum principal amount of $x,000,000, shall be used to pay all or a part of the costs of appropriators for public :morcvement pro)ects of the County as described in SECTION 14 of this ordinance and to pay ail o~ ~:ar: ~f trio costs of issuance of the Bonds, including, without limitation, the initial Tees cf paying agents aria registrars, the fees of any financial consultants and bond counsel, unde~wr~ter's discount, the cost of preparation of any official statement, notice of sale and definitive bonds, and any cost or publications required by law or as otherwise appropriate Tha cost of issu~~ce of the Bonds shall be allocated pro rata to each of the particular ,mprovemenls financed fro~~i the proceeds of the Bonds, and appropriations