HomeMy WebLinkAboutResolution #08514•. .~ .~ ... ".
RESOLUTION N0. N~'~ 1
The City Council of•the City of Canton, Fulton County, Illinois,
met in regular session at the City Hall Council Chambers, at 6:30 o'clock
P.M. The following Councilmen were present:
Absent: •
(Other Business)
The following resolution was introduced and read:
A RESOLUTION CONFIRMING THE SALE OF THE $1784.49 AD VALOREM TAX BOND OF
THE CITY OF CANTON SPECIAL SERVICE AREA NUMBER THREE I.
WHEREAS, the City of Canton has heretofore authorized the issuance
of a $1784.49 Ad Valorem Tax Bond of the City of Canton Special Service
Area Number Three I; and
WHEREAS, pursuant to such authorization, a proposal was received for
the bond on October 3, 1980, from Hazel F. Wheeler; and
WHEREAS, it was determined that the aforesaid proposal for the bond
was reasonable and satisfactory to the City Council, which proposal was for
par plus accrued interest at 8% per annum; and
WHEREAS, it is now necessary to confirm the award of the bond to
the purchaser thereof.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CANTON, ILLINOIS, AS FOLLOWS:
1. The sale of the $1784.49 Ad Valorem Tax Bond of the City of Canton
Special Service Area Number Three I to Hazel F. Wheeler at a price of par
plus accrued interest is hereby ratified and confirmed.
2. That this Resolution shall be in full force and effect upon its
passage by the City Council of the City of Canton, Illinois and approval
- 1 -
~.
by the Mayor thereof.
PASSED by the City Council of the City of Canton, Illinois and
APPROVED by the Mayor thereof this 7 t ~ day of Q~' TO 8 F1~ 1980.
~ ~ -'_ ,,
APPROVED: '„~~J ,.- MAYOR
HARLAN E. CROUC
ATTEST: CITY CLERK
NA Y S. WHITES
- 2 -