HomeMy WebLinkAboutOrdinance #1574ORDINANCE NO. 1574
AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE 1997 - 1998
FISCAL YEAR ($1,800,000 Principal Amount Alternate Revenue Bonds Series
1995)
WHEREAS, the City of Canton has by Ordinance No. 1451 previously authorized
the issue of $1,800,000 principal amount Alternate Revenue Bonds, Series 1995; and,
WHEREAS, it now appears that the City has, or, will have on hand, sewer and
water funds sufficient to abate all of such bond levy for the City's 1997 - 1998 fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF CANTON, Fulton County, Illinois as follows:
1. That $190,632.00 of the levy for City of Canton $1,800,000 Alternate Revenue
Bonds, Series 1995, for the City of Canton 1997 - 1998 fiscal year be, and the same
hereby is, abated.
2. That all other levies are hereby reaffirmed and ratified.
3. That the City Clerk shall certify a copy of this Ordinance to the Fulton County
Clerk as and for said Clerk's authority to abate $190,632.00 of said levy.
4. That this Ordinance shall be in full force and effect immediately upon its
passage by the City Council of the City of Canton, Fulton County, Illinois, and approval
by the Mayor thereof.
PASSED by the City Council of the City of Canton, Fulton County, Illinois at a
regular meeting this 20th day of Janaury , 1998
AYES• Aldermen Hartford, Molleck, Phillips, Sarff, Meade, Nidiffer,
• May, Shores.
NAYS: None .
ABSENT: None.
A OVED:
~.
Donald E. Edwards, Mayor
ATTEST:
t
Nancy Whi s, City. Clerk