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. ?:.ye.~ <br /> ~.ao. <br /> C <br /> COUNTY OF HAWAT+ ` ~ f STATE OF HAWAII <br /> a Y <br /> ~'.'w~ BILL NO. 209 <br /> -i.`.~~ <br /> ORDINANCE NO. 99 41 <br /> <br /> AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF <br /> <br /> THE COUNTY OF HAWAII FOR THE PURPOSE OF FINANCING VARIOUS PUBLIC <br /> IMPROVEMENTS OF THE COUNTY OF HAWAII; FIXING THE FORM, DENOMINATIONS, <br /> AND CERTAIN OTHER DETAILS OF SUCH BONDS AND PROVIDING FOR THEIR SALE; <br /> AND AUTHORIZING THE ISSUANCE AND SALE OF A LIKE PRINCIPAL AMOUNT OF <br /> GENERAL OBLIGATION BOND ANTICIPATION NOTES IN ANTICIPATION OF THE <br /> ISSUANCE AND SALE OF SUCH BONDS AND APPROPRIATING FUNDS FOR THE COSTS <br /> OF THE ISSUANCE OF SUCH BONDS. <br /> BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: <br /> SECTION 1. Authorization of Bonds. There aze hereby authorized for issuance and <br /> sale general obligation bonds of the County of Hawaii in the principal amount of $30,000,000, the <br /> proceeds derived from the sale of which shall be used to fmance the vazious public improvements as <br /> authorized in SECTION 14 of this ordinance and to pay all or a part of the costs of issuance of such <br /> bonds. <br /> SECTION 2. Authorization of Proceeds. The proceeds derived from the sale of the <br /> general obligation bonds (hereinafter referred to as the "Bonds") authorized for issuance and sale in <br /> SECTION 1 in the maximum principal amount of $30,000,000, shall be used to pay all or a part of <br /> the costs of appropriations for public improvement projects of the County as described in <br /> SECTION 14 of this ordinance and to pay all or part of the costs of issuance of the Bonds, including, <br /> without limitation, the initial fees of paying agents and registrazs, the fees of any financial consultants <br /> and bond counsel, underwriter's discount, the cost of preparation of any official statement, notice of <br /> <br />