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gr00090_000014_pg40-07
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gr00090_000014_pg40-07
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1 <br />and used solely to pay the cost m o.t amid improvemeuts and ibr the other pncpwes <br />specified in said ordinance. Ot the reamalatas premeds of Sewing said bonds, <br />$ and also the aocr interest to be received upon delivery of <br />said bonds shall be credited and paid lit* this 20provement hood Redemption Auld of <br />the Village. <br />k. In accordance with said eaerdinance, it is.he�by estimated that !Ap- <br />proximately $1,335,630 principal amt of sneciaL' essesemeets vill be levied on <br />account of slid Sanitary and Storm Sever and Street Heburfreion improvement upon <br />properties within the area assessable far sail iagtonerat, as heretofore estsb- <br />lishsd by the resolnutl oes orderia g the seer, lad rill be available for credit to <br />the Improvement Hand Redemption ] a><': m r tine east a the improvement is paid in <br />full; *doh assessments will be paid in 30 equall, annual in stellmeets, oolle otible <br />with general. taxes of the Vil.' aes is enmeecutive ors somm eating in 1966, with <br />interest • ct the rate a! 6% per 41004 41. it IS ferthrr estimated that app r oodmate1,y <br />principal eeaca a t oar speolal aMsesissnls viU be levied= <br />of the other improvements financed 111 the bonds herein authorised to be Issued,* <br />and will be aysilab`l+s for credit to the Upr+a!ve■ net Mond Redemption Food after We <br />cost of such improvements is paid in !OW ehidh asp+ ants will be paid in 15 <br />equal a nnus►l .iastallmenta collectible with gsas sl texas s o! the Yillege in conse- <br />cutive year' oommeaaing in 1966, with interest at the sate of 6% per annum. T!b <br />the first installment shall be added interest on the satire easement oo each <br />property proierty from the' date of adoption► thereof of . until December 31 0! the year in rhi <br />the first installment is payable, and to each sUbsiguset inetellment shall be <br />added interest for one rear am the then maid boleros of the assessment. All <br />moneprs collected therefrom Shell be sand are berg. >paeisted to the Avis <br />said movements sod to the l ovetsut loud Sedlantlan 7 d, and shall be <br />accounted for and expended Lithe messier in Olydiaike Ito. 68. The <br />faith and credit of the Village is also p M for the moat of said bonds and <br />interest as provided in said off. <br />5. There is hsrebg nevi 4 s geaeerpl ad tapir Von <br />property iii the Village flow the ger poise o! perils primaipal of and interest on <br />bonds hsreia. authorised, *hie* 'shall be weed Sam the saarcyunts pad collectible in <br />the yours as t llons : <br />The oollsctions o! said . tames sb U bar crs4 tad mei . Ship tine l eravunent Mond <br />Redw San Fund of the Village. it Ss, bsrito• stint the collections o!' <br />the special assesneaeats deseribed4npesegvegit is hereof said taf the taxes <br />levied, and all ether taxes and esssemmmea. beI et fore levied and appropriated <br />to said 2nd, vill produce at least fie par oat in mese at the amounts <br />each year to meet rhea due the principal aced Interest pateiseets ap the bonds <br />authorised, and an all other bends a! the Villade.pgyible from ibeleproviexst <br />Bond SedelPtion P. <br />The notion f r the adoption o! the toregaiag resolution vas dnly <br />by Number 70t- <br />, and won Vets being taken thereon, the <br />voted in <br />
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