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HomeMy WebLinkAboutORD 1972-465Bill No. 864 (AMENDED) COUNTY OF HAWAII - STATE OF HAWAII ORDINANCE NO. `t~5 AN ORDINANCE AUTHORIZING THE ISSUANCE OF $10,000,000 GENERAL OBLIGATION BONDS OF THE COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING VARIOUS PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII; FIXING THE FORM AND 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 ANTICIPA- TION OF THE ISSUANCE AND SALE OF SAID BONDS. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. There are hereby authorized for issuance and sale general obligation bonds of the County of Hawaii in the principal amount of $10,000,000, the proceeds derived from the sale of which shall be used to pay all or part of the cost of appropriations for various public improvements of the County to be financed from general obligation bond funds made (a) in the capital budget ordinance for the fiscal year ending June 30, 1970, (Ordinance No. 235, as amended); (b) in the capital budget ordi- nance for the fiscal year ending June 30, 1971, (Ordinance No. 327, as amended); (c) in the capital budget ordinance for the fiscal year ending June 30, 1972, (Ordinance No. 409, as amended), and (d) in the capital budget ordinance to be adopted for the fiscal year ending June 30, 1973. SECTION 2. The general obligation bonds authorized for issuance and sale in Section 1 hereof shall be designated "Public Improvement Bonds, Series 1972" (hereinafter referred to as the "Bond"). The Bonds shall be dated June 1, 1972; shall be issued in bearer form with coupons attached and without privilege of registration; shall be in the denomination of $5,000 each; shall be numbered from 1 to 2,000 inclusive; and shall mature serially in numerical order in the principal amount of $560,000 on June 1 in each of the years 1975 and 1976 and in the principal amount of $555,000 on June 1 in each of the years 1977 to 1992, inclusive. The Bonds shall bear interest at such rate or rates per annum, not exceeding seven per centum (7%) per annum, as shall be specified in the bid accepted for the purchase of the Bonds, if .any bid therefor be accepted, such interest being payable semi- annually on December 1 and June 1 of each year, commencing with December 1, 1972. Both principal of and interest on the Bonds shall be payable at the office of the Director of Finance of the County of Hawaii, Hilo, Hawaii, or at the option of the holder thereof, at such place in the City of New York, New York, or at such place in the City of San Francisco, California, as the Director of Finance shall determine. The Bonds maturing on and after June 1, 1983, shall be subject to redemption at the option of the County of Hawaii on and after June 1, 1982, in whole at any time, and in part from time to time on any interest payment date and in inverse order of maturities and by lot within a maturity, at the principal amount thereof, the interest accrued to the redemption date, and the following redemption premiums: 3% if redeemed June 1, 1982, and to and including May 31, 1984; 2% if redeemed thereafter and to and including May 31, 1986; 1% if redeemed thereafter and to and including May 31, 1988; and no premium if redeemed thereafter. At least thirty days' notice of redemption will be published in The Daily Bond Buyer or other financial paper published in either of the cities of New York, New York, or San Francisco, California. SECTION 3. The Bonds shall be signed by the Director of Finance or a Deputy Director of Finance and shall bear the lithographed or engraved facsimile signature of the Mayor of the County of Hawaii and shall be sealed with the seal or a lithographed or engraved facsimile seal of the County of Hawaii. The interest coupons pertaining to the Bonds shall bear the lithographed or engraved facsimile of the signature of the Director of Finance of the County of Hawaii. The Bonds and the coupons attached thereto shall be in substantially the following form: -2- UNITED STATES OF AMERICA STATE OF HAWAII COUNTY OF HAWAII PUBLIC IMPROVEMENT BOND, SERIES 1972 No. $5,000 The County of Hawaii, State of Hawaii, for value received hereby promises to pay to bearer the sum of Five Thousand Dollars ($5,000) on the 1st day of June, 19_, upon presentation and surrender of this Bond, and to pay interest on said sum from the Date hereof until payment of said sum in full at the rate of per centum ( %) per annum, payable semi- annually on the first days of December and June in each year, such interest to the maturity hereof being payable only upon presentation and surrender of the interest coupons hereto attached as they severally become due. Both the principal of and interest on this bond are payable at the office of the Director of Finance of the County of Hawaii, Hilo, Hawaii, or, at the option of the holder, at the principal office of the in the City of New York, New York, or at the principal office of the in the City of San Francisco, California, in any currency of the United States of America which at the time of payment is legal tender for public and private debts. This bond is one of a series of two thousand bonds of like date, denomination and tenor, except as to number, interest rate and maturity. The bonds of the series of which this bond is one maturing June 1, 1983, and thereafter are subject to redemption at the option of the County of Hawaii prior to the respective stated maturities thereof, on and after June 1, 1982, in whole at any time, and in part from time to time on any interest payment date and in inverse order of maturities, at the principal amount thereof, the interest accrued thereon to the date fixed -3- for redemption and the following redemption premiums expressed as a percentage of the principal amount redeemed: 3% if redeemed June 1, 1982 and to and including May 31, 1984; 2% if redeemed thereafter and to and including May 31, 1986; 1% if redeemed thereafter and to and including May 31, 1988; and no premium if redeemed thereafter. If less than all the bonds of any maturity are called for redemption, the bonds of such maturity to be redeemed shall be selected by lot. In the event this bond is redeemable, as aforesaid, and shall be called for redemption, notice of the redemption hereof stating the designation, date, number and maturity of this bond, the date fixed for such redemp- tion and the premium payable upon such redemption, shall be given by publication of such notice in The Daily Bond Buyer, a financial paper published in the City of New York, New York, or in lieu of such publication in The Daily Bond Buyer, by publication thereof in some other financial paper published in either of the cities of New York, New York, or San Francisco, California, the date of such publication in any case to be at least thirty days prior to the date fixed for the redemption hereof. If this bond be redeemable and shall have been duly called for redemption and notice of the redemption hereof published as aforesiad, and if on or before the date fixed for such redemption payment hereof shall be duly made or provided for, interest hereon shall cease from and after the redemption date hereof. This bond is one of a series of bonds authorized by the Council of the County of Hawaii to be issued to provide funds for various public improvements of said County. This bond and the series of which it is a part are issued under and pursuant to and in full compliance with the Constitution and statutes of the State of Hawaii, including Part I of Chapter 47 of the Hawaii -4- Revised Statutes, as amended, the Charter of the County of Hawaii, and proceedings of the aforesaid Council duly taken thereunder. This bond is a general obligation of the County of Hawaii, and the payment of the principal and interest hereof is a first charge on the general fund of said County. The full faith and credit of the County of Hawaii are irrevocably pledged to the punctual payment of the principal of and interest on this bond according to its terms. It is hereby certified, recited and declared that all condi- tions, acts and things essential to the validity of this bond and the series of which it forms apart exist, have happened and have been done; that every requirement of law affecting the issuance thereof has been duly complied with; and that the amount of this bond and the series of which it forms a part, together with all other indebtedness of the County of Hawaii, is not in excess of any statutory or constitutional limitation of indebted- ness. IN WITNESS WHEREOF, the County of Hawaii has caused this bond to be signed by its Director of of Finance, to bear the lithographed nature of its Mayor and to be sealed engraved facsimile of its seal, the attached to bear the lithographed or signature of its Director of Finance Finance or a Deputy Director or engraved facsimile sig- with a lithographed or interest coupons hereto engraved facsimile of the and this bond to be dated as of the day of 1972. Director of Finance or Deputy Director of Finance of the County of Hawaii Mayor of the County of Hawaii -5- (FORM OF COUPON) No. $ On 19 unless the bond hereinafter mentioned shall be subject to prior redemption and shall have theretofore been duly called for previous redemption and payment of the redemption price duly made or provided for, the County of Hawaii, State of Hawaii, will pay to bearer at the office of the Director of Finance of the County of Hawaii in Hilo, Hawaii, or, at the option of the holder, at the principal office of the in the City of New York, New York, or at the principal office of the in the City of San Francisco, California, in any coin or currency of the United States of America which at the time of payment is legal tender for public and private debts, the sum shown hereon, being the interest then due on its Public Improvement Bond, Series 1972, dated as of June 1, 1972. No. Director of Finance SECTION 4. Without any further authorization from or action by this Council but subject to the provisions hereof and of applicable law, the Director of Finance is hereby authorized to issue and sell the Bonds authorized herein. Without limiting the generality of the foregoing, the Director of Finance is hereby authorized to select a date for the sale of the Bonds, to publish and distribute a Notice of Sale thereof in such form and containing such terms and conditions as he may deem available, to distribute an Official Statement and such other information as he may deem advisable, to receive bids for the sale of Bonds and to award the sale of the Bonds to the bidder offering the lowest interest cost therefor, after allowing for any premium -6- tendered; provided that the Director of Finance may reserve the right to reject any and all bids. Without further action of this Council, the Bonds shall bear interest at the rates per annum as specified in the bid accepted. The Director of Finance and all officials of the County of Hawaii are hereby authorized to take such action and execute such orders, receipts and other documents as may be necessary in order to effectuate the sale of the Bonds, and, if any bid therefor be accepted, the prepara- tion, execution and delivery thereof, in accordance with the provisions hereof and applicable law. SECTION 5. General obligation bond anticipation notes are hereby authorized for issuance and sale by the Director of Finance in anticipation of the issuance and sale of the general obligation bonds authorized herein. The issuance and details of the notes shall be governed by the provisions of Section 47-2.2, Hawaii Revised Statutes, as amended. SECTION 6. All or any portion of the proceeds derived from the sale of the Bonds, or any notes issued in anticipation of the Bonds, shall be used to pay all or part of the cost of any I appropriation for various public improvements made in Capital Budget Ordinances No. 235, 327, 409, and the Capital Budget Ordinance to be adopted by the County Council for the fiscal year 1972-1973. SECTION 7. This Ordinance shall take effect upon its approval. INTRODUCED BY: ~~~, Coun~ County of Hawaii Hilo, Hawaii Date of Introduction: April 5. 1992 Date of Adoption: April 19, 19'72 April 19, 1972 Re: Rec. 1/FC-$1 P~iayor Shunichi Kimura County of Hawaii Hilo, Ilawaii Re: Bill $64 -General Obligation Bonds The County Council at its meetin,T held today adopted the follewin~r recommendation of its Finance Committee: "ftraend Bill :(>:, which aut:,ori~:es the issuance of -eneral obli-2.t;ion bcr.ds fro<, ,~5, COO, GC`0 to :10, C~i~^, 000 and recos,:r:end the 2oF~tion of ;~iil Cct~, as ~zr..er: ~,~, o? ,::on 1 _..d iiral adinr; i'.equst the acini.nistzati.on to not;.fy the GOlli]C11 7.n ~'iG2..i7CC 11 a1'Lj` Of titF'.:e funds are to be usc;r. i"er t,roject;s in the 1)72-73 CIP budget." (Edwards/Yadao) Tadashi ~uzu'ri COUPi'I'Y CL'I~:r; cc: Uirector of Finance Tret~lsuz ~~,. 'vOIIt rO.L i.er Plan:,i_1" Director Bill No. $b4 COUNTY OF HAWAII - STATE OF HAWAII ORDINANCE NO. AN ORDINANCE AUTHORIZING THE ISSUANCE OF $5,000,000 GENERAL OBLIGATION BONDS OF THE COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING VARIOUS PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII; FIXING THE FORM AND 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 ANTICIPA- TION OF THE ISSUANCE AND SALE OF SAID BONDS. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. There are hereby authorized for issuance and sale general obligation bonds of the County of Hawaii in the principal amount of $5,000,000, the proceeds derived from the sale of which shall be used to pay all or part of the cost of appropriations for various public improvements of the County to be financed from general obligation bond funds made (a) in the capital budget ordinance for the fiscal year ending June 30, 1970, (Ordinance No. 235, as amended); (b) in the capital budget ordi- nance for the fiscal year ending June 30, 1971, (Ordinance No. 327, as amended); and (c) in the capital budget ordinance for the fiscal year ending June 30, 1972, (Ordinance No. 409, as amended). SECTION 2. The general obligation bonds authorized for issuance and sale in Section 1 hereof shall be designated "Public Improvement Bonds, Series 1972" (hereinafter referred to as the "Bond"). The Bonds shall be dated June 1, 1972; shall be issued in bearer form with coupons attached and without privilege of registration; shall be in the denomination of $5,000 each; shall be numbered from 1 to 1,000 inclusive; and shall mature serially in numerical order in the principal amount of $280,000 on June 1 in each of the years 1975 to 1985 and in the principal amount of $275,000 on June 1 in each of the years 1986 to 1992, inclusive. The Bonds shall bear interest at such rate or rates per annum, not exceeding seven per centum (7%) per annum, as shall be specified in the bid accepted for the purchase of the Bonds, if any bid therefor be accepted, such interest being payable semi- annually on December 1 and June 1 of each year, commencing with December 1, 1972. Both principal of and interest on the Bonds shall be payable at the office of the Director of Finance of the County o£ Hawaii, Hilo, Hawaii, or at the option of the holder thereof, at such place in the City of New York, New York, or at such place in the City of San Francisco, California, as the Director of Finance shall determine. The Bonds maturing on and after June 1, 1983, shall be subject to redemption at the option of the County of Hawaii on and after June 1, 1982, in whole at any time, and in part from time to time on any interest payment date and in inverse order of maturities and by lot within a maturity, at the principal amount thereof, the interest accrued to the redemption date, and the following redemption premiums: 3% if redeemed June 1, 1982, and to and including June 1, 1984; 2% if redeemed thereafter and to and including June 1, 1986; 1% if redeemed thereafter and to and including June 1, 1988; and no premium if redeemed thereafter. At least thirty days' notice of redemption will be published in The Daily Bond Buyer or other financial paper published in either of the cities of New York, New York, or San Francisco, California. SECTION 3. The Bonds shall be signed by the Director of Finance or the Treasurer and shall bear the lithographed or engraved facsimile signature of the Mayor of the County of Hawaii and shall be sealed with the seal or a lithographed or engraved facsimile seal of the County of Hawaii. The interest coupons pertaining to the Bonds shall bear the lithographed or engraved facsimile of the signature of the Director of Finance of the County of Hawaii. The Bonds and the coupons attached thereto shall be in substantially the following form: -2- UNITED STATES OF AMERICA STATE OF HAWAII COUNTY OF HAWAII PUBLIC IMPROVEMENT BOND, SERIES 1972 No. $5,000 The County of Hawaii, State of Hawaii, for value received hereby promises to pay to bearer the sum of Five Thousand Dollars ($5,000) on the 1st day of June, 19 upon presentation and surrender of this Bond, and to pay interest on said sum from the date hereof until payment of said sum in full at the rate of per centum ( %) per annum, payable semi- annually on the first days of December and June in each year, such interest to the maturity hereof being payable only upon presentation and surrender of the interest coupons hereto attached as they severally become due. Both the principal of and interest on this bond are payable at the office of the Director of Finance of the County of Hawaii, Hilo, Hawaii, or, at the option of the holder, at the principal office of the in the City of New York, New York, or at the principal office of the in the City of San Francisco, California, in any currency of the United States of America which at the time of payment is legal tender for public and private debts. This bond is one of a series of one thousand bonds of like date, denomination and tenor, except as to number, interest rate and maturity. The bonds of the series of which this bond is one maturing June 1, 1983, and thereafter are subject to redemption at the option of the County of Hawaii prior to the respective stated maturities thereof, on and after June 1, 1982, in whole at any time, and in part from time to time on any interest payment date and in inverse order of maturities, at the principal amount thereof, the interest accrued thereon to the date fixed -3- for redemption and the following redemption premiums expressed as a percentage of the principal amount redeemed: 3% if redeemed June 1, 1982 and to and including June 1, 1984; 2% if redeemed thereafter and to and including June 1, 1986; 1% if redeemed thereafter and to and including June 1, 1988; and no premium if redeemed thereafter. If less than all the bonds of any maturity are called for redemption, the bonds of such maturity to be redeemed shall be selected by lot. In the event this bond is redeemable, as aforesaid, and shall be called for redemption, notice of the redemption hereof stating the designation, date, number and maturity of this bond, the date fixed for such redemp- tion and the premium payable upon such redemption, shall be given by publication of such notice in The Daily Bond Buyer, a financial paper published in the City of New York, New York, or in lieu of such publication in The Daily Bond Buyer, by publication thereof in some other financial paper published in either of the cities of New York, New York, or San Francisco, California, the date of such publication in any case to be at least thirty days prior to the date fixed for the redemption hereof. If this bond be redeemable and shall have been duly called for redemption and notice of the redemption hereof published as aforesaid, and if on or before the date fixed for such redemption payment hereof shall be duly made or provided for, interest hereon shall cease from and after the redemption date hereof. This bond is one of a series of bonds authorized by the Council of the County of Hawaii to be issued to provide funds for various public improvements of said County. This bond and the series of which it is a part are issued under and pursuant to and in full compliance with the Constitution and statutes of the State of Hawaii, including Part I of Chapter 47 of the Hawaii -4- Revised Statutes, as amended, the Charter of the County of Hawaii, and proceedings of the aforesaid Council duly taken thereunder. This bond is a general obligation of the County of Hawaii, and the payment of the principal and interest hereof is a first charge on the general fund of said County. The full faith and credit of the County of Hawaii are irrevocably pledged to the punctual payment of the principal of and interest on this bond according to its terms. It is hereby certified, recited and declared that all condi- tions, acts and things essential to the validity of this bond and the series of which it forms a part exist, have happened and have been done; that every requirement of law affecting the issuance thereof has been duly complied with; and that the amount of this bond and the series of which it forms a part, together with all other indebtedness of the County o£ Hawaii, is not in excess of any statutory or constitutional limitation of indebted- ness. IN WITNESS WHEREOF, the County of Hawaii has caused this bond to be signed by its Director of Finance or the Treasurer, to bear the lithographed or engraved facsimile signature of its Mayor and to be sealed with a lithographed or engraved facsimile of its seal, the interest coupons hereto attached to bear the lithographed or engraved facsimile of the signature of its Director of Finance and this bond to be dated as of the day of 1972. Director of Finance or Treasurer of the County of Hawaii Mayor of the County of Hawaii -5- (FORM OF COUPON) No. $ On 19 unless the bond hereinafter mentioned shall be subject to prior redemption and shall have theretofore been duly called for previous redemption and payment of the redemption price duly made or provided for, the County of Hawaii, State of Hawaii, will pay to bearer at the office of the Director of Finance of the County of Hawaii in Hilo, Hawaii, or, at the option of the holder, at the principal office of the the City of New York, New York, or at the principal office of the in the City of San Francisco, California, in any coin or currency of the United States of America which at the time of payment is legal tender for public and private debts, the sum shown hereon, being the interest then due on its Public Improvement Bond, Series 1972, dated as of June 1, 1972. No. . Director of Finance SECTION 4. Without any further authorization from or action by this Council but subject to the provisions hereof and of applicable law, the Director of Finance is hereby authorized to issue and sell the Bonds authorized herein. Without limiting the generality of the foregoing, the Director of Finance is hereby authorized to select a date for the sale of the Bonds, to publish and distribute a Notice of Sale thereof in such form and containing such terms and conditions as he may deem available, to distribute an Official Statement and such other information as he may deem advisable, to receive bids for the sale of Bonds and to award the sale of the Bonds to the bidder offering the lowest interest cost therefor, after allowing for any premium tendered; provided that the Director of Finance may reserve the -6- right to reject any and all bids. Without further action of this Council, the Bonds shall bear interest at the rates per annum as specified in the bid accepted. The Director of Finance and all officials of the County of Hawaii are hereby authorized to take such action and execute such orders, receipts and other documents as may be necessary in order to effectuate the sale of the Bonds, and, if any bid therefor be accepted, the prepara- tion, execution and delivery thereof, in accordance with the provisions hereof and applicable law. SECTION 5. General obligation bond anticipation notes are hereby authorized for issuance and sale by the Director of Finance in anticipation of the issuance and sale of the general obligation bonds authorized herein. The issuance and details of the notes shall be governed by the provisions of Section 47-2.2, Hawaii Revised Statutes, as amended. SECTION 6. All or any portion of the proceeds derived from the sale of the Bonds, or any notes issued in anticipation of the Bonds, shall be used to pay all or part of the cost of any appropriation for various public improvements made in Capital Budget Ordinances No. 235, 327, and 409. SECTION 7. This Ordinance shall take effect upon its approval. INTRODUCED BY: Councilman, County of Hawaii 111.0, xr%t4%31 i. Date of Introduction: April , 19'72 Date of Adoption: Effective Date: Hilo, Hawaii ~r,t>~ April 5. 1972 FIRST READING AYES NOES A/E Car enter X De Luz Edwards X Greenwell X Hisaoka X Souza X Yadao X Yamada X Chr Matayoshi X 9 0 0 Publication Date: ~~ 1 2 1972 Hilo, Hawai, Date: April 19. 1972 SECOND & FINAL READING AYES NOES A/E Carpenter X _ De Luz X Edwards X Greenwell Hisaoka Souza X Yadao X Yamada X Chr Matayoshi X _ 9 0 0 r.'~? R ~, ~; 1972 Publication Date: -_- -- We do hereby certify that the foregoing BILL was adopted by the County Council and published as indicated above. Approved/Diaspproved this day of ~ . 19 a p ~1 1 qq ~; lr~,'iil (I i ?i'l~l li.'~'~.1 (~l Mayor, County of Hawaii Bill No. 864 _ Reference: C'1 92~F'c- o~ M.B. No.. 161 ~ 1 /,b Bill No._ __ _ v 5l/.Gf/.~,t.~~C/ County Clerk Bill No. 864 - 1972 AN ORDINANCE AUTHORIZING THE ISSUANCE OF $5,000,000 GINERAL OBLIGATION BONDS OF THE COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING VARIOUS PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII; FI%ING THE FORM AND DETAILS OF SUCH BONDS, AND PROV IDING FOR THEIR SALE; AND AUTHORIZING THE ISSUANCE AND SALE OF A LIKE PRINCIPAL AMOUNT OF GENERAL OBLIGATION BOND ANTICIPATION NOTES IN ANTICIPA- TION OF THE ISSUANCE AND SALE OF SAID BONDS. This Bill proposes to authorize for the issuance and. sale of general obligation bonds of the County of Hawaii in the principal amount of $5,000,000, the proceeds derived from the sale of which shall be used to pay all or part of the cost of appropriations for various public improvements of the county to be financed from general obligation bond funds made (a) in the capital budget ordinance for the fiscal year ending June 30, 1970, (Ordinance No. 235, as amended); (b) in the capital budget ordinance for the fiscal year ending June 30, 1971, (Ordinance No. 327, as amended); and (c) in the capital budget ordinance for the fiscal year end- ing June 30, 1972, (Ordinance No. 409, as amended); seta forth conditions of sale and issuance of the Public Improvement Bonds, Series 1972; fixes the form and details of such bonds and authorizes the Director of Finance to issue and sell the Bonds authorized herein; authorizes the issuance and sale of the general obligation bond anticipation notes by the Director of Finance in anticipation of the issuance and sale of the general obligation bonds authorized herein. Hate Introduced: April 5, 1972 Copies of the foregoing Bill, in full, are on file in the Office of the County Clerk for use and examination by the public. I hereby certify that the foregoing Bill passed first reading at the meeting of the County Council on April 5, 1972, by the following aye and no vote: AYES: Councilmen Carpenter, De Luz, Edwards, Greenwell, Hisaoka, Souza, Yadao, Yamada and Chairman Matayoshi - 9. NOES: None ry~y tlLLi '< ~ ~. OF HAWAII. FOR THE PURPOSE OF PINANCING VARIOUS PUBLIC IM~ PROVEMEN TS OF THE COUNTY OF HAWAII; FIXING THE FORM ANO DETAILS OF SUCH BONO3. ANO PROVIDING FOR THEIR SALE: ANO AUTHORIZING THE ISSUANCE AND SALE OF A LIKE PRINCIPAL AMOUNT OF GENERAL OBLIGATION BOND ANTICIPATION NOTES IN AN~ TI CIPATIOX OF THE ISSUANCE AND SALE OF SAID BONDS. ~~ S~fc~ O ~c.oC.u.a~~ BOUNTY CLERK COUNTY OF HAWAII iau-Hawaii 1ribU~l MK~~ ~ 19111 ORDINANCE N0. 465 (Bill No. 864-19'72) AN ORDINANCE AU'PF[ORIZING THE ISSUANCE OF $10,000,000 GENERAL OBLIGATION BONDS DF THE COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING VARIOUS PUBLIC IMPROVEMENTS OF THE COUNTY OF HAWAII; FIXING THE FORM AND 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 SAID BONDS. Date Approved: April 19, 19'72 Date Effective: April 24, 19'72 Copies of the foregoing Ordinance, in full, are on file in the Office of the County Clerk for use and examination by the public. I hereby certify that the foregoing Ordinance passed second and final reading at the meeting of the County Council on April 19, 19'72, by the following aye and no vote: AYES: Councilmen Carpenter, De Luz, Edwards, Greenwell, Hisaoka, Souza, Yadao, Yamada and Chairman Matayoshi - 9. NOES: None. COUNTY CLERK COUNTY OF HAWAII NnM~Y <M119Y RW Ry -. .... I I+9Ntl MN9Nq Or. 11~9n,99,MRp/R4~M~INF19yllllp of 19. NT=,MNq ~~RalARll E~r~ON91y,~.IFp a9eq: Y+Cb, ~IMN•: NI Mslero9ely W ~~ChNi~M Noes: Nau. TAOA4M1 dUYUKi COUNTY ttERK ANA OOUNTY OF HAWAII (9 will hlOyiF. 199f.) MkNtl: AF9N b, J~S~~- N i ~ t Tadashi Suzuki ,:~~ COUNTY CLERK ~"oF' OFFICE OF THE COUNTY CLERK COUNTY ^F HAWAII HILO. HAWAII 9672^ April 19, 1972 Mayor Shunichi Kimura Couta y of Hawaii F{iLo, Hawaii Robert Shioji DEPUTY COUNTY CLERK I hereby transmit Ordinance BiJ.1 No. +~lk._^ pass^d by tl.e. County Council on second and final reading, ,~ ~~ U COUN'CY CLEPK Ercl.. Dated: April 19, 192 ~_ '~ ~.. ,.