My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Administration Finance Taxes
MoundsView
>
City Commissions
>
Charter Commission
>
1978-1989
>
1979
>
Committee Reports
>
Administration Finance Taxes
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/23/2018 2:34:21 PM
Creation date
8/23/2018 2:34:20 PM
Metadata
Fields
Template:
MV Misc Documentation
Date
4/9/1979
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
7
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Page 5. <br /> following their issuance. The proceeds of the tax levied and such state <br /> or federal aids as the governing body may have allocated for the fund a- <br /> gainst which tax anticipation certificates are issued and the full faith <br /> and credit of the city shall be irrevocably pledged for the redemption of <br /> the certificates. <br /> Sec. 7.12. Emergency debt certificates. If in any year the receipt from <br /> taxes or other sources should from some unforseen cause become insufficient <br /> for the ordinary expenses of the city , or if any calamity or other public <br /> emergency necessitates the making of extraordinary expenditures, the <br /> council may by ordinance issue on such terms and in such manner as the <br /> council determines emergency debt certificates to run not to exceed three <br /> years. A tax sufficient to pay principal and interest on such certificates <br /> with the margin required by law shall be levied as required by law. The <br /> ordinance authorizing the issue of such emergency debt certificate shall <br /> 1 tee <br /> state the nature of the emergency and be approved by at least our. members <br /> of the council. It may be passed as an emergency ordinance. <br /> ADMINISTRATION, TAXATION, AND FINANCE COMMITTEE <br />
The URL can be used to link to this page
Your browser does not support the video tag.