BIL 209 Draft 04 1996-1998 - Laserfiche WebLink

Home

COUNTY OF HAWAII STATE OF HAWAII BILL NO. 209 Draft 4 ORDINANCE NO. 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 Hawaii in the principal amount of $30,000,000, the proceeds derived from the sale 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 $30,000,000, shall be used to pay all or a part of the costs of appropriations for public improvement projects of the County as described in SECTION 14 of this ordinance 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