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HomeMy WebLinkAboutResolution #548 A RESOLUTION ~ S '7 providing for the retirement of certain municipal indebtedness by the use of motor fuel tax funds WI~REAS, the City of Canton City, Town, or Village has outstanding indebtedness described as follows. --------~'ub7.~.g_$en©f~t_tl,~sessments_f4r Segt~.9?'~~1~=~5 ------------------------------------ (Title of bond issue or paving district and municipal motor fuel tax section number) Bonds or Numbers of Interest Public Benefit the Bonds or or Date Assessments Assessments Principal Due Amount Principal 1-2-1971 ~ 50,356.23 Interest ~ 1-2-1971 15 411.71 7 7.9~ and WHEREAS, in the opinion of this body, the indebtedness described in the pre- ceding paragraph may be retired with funds allotted to the municipality under the Motor Fuel Tax Law, and WHEREAS, it appears that sufficient motor fuel tax funds are or will be avail- able when the above indebtedness is due, and WHEREAS, the has, by resolution council or president and board of trustees adopted , 19_, directed the Clerk of County to cancel the tax levy which would have produced funds to pay year this indebtedness. NOW, THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of Sixty-Seven and 94/100 Sixt~t-^ive Thousand Seven Hundred Dollars ($ 65,767.94 ) from funds allotted to the municipality under the Motor Fuel Tax Law for the payment of the above-described indebtedness, and BE IT FURTHER RESOLVED, that the Clerk shall immediately transmit three (3) certified copies of this resolution to the District Engineer, Division of Highways, Department of Public Works and Buildings, at Peoria , Illinois. Fcrm BLR M 340(Rev. 11-62) Sheet 1 of 2 .. ~. SECS TION INSTALLMENT 45-cs 1 145-as 3 PRINCIPAL INTEREST TOTAL .-.__... $16,836.23 X1,165.71 X18,001.94 16,760.00 7,542.00 18,302.00 16 760.00 6,704.00 23,464.00 50,356.23 15,411.71 65,767.94 1.. l ~. I, 1~~ Nellie Crawford , City Clerk in and ~`'~'s • City, Town, or Village for the Cit of !Canton hereby certify City, Town, or Villa the foregoing to be a true, perfect and complete copy of a resolution adopted by the Counc at a meeting on December 22 , Council or President and Board of Trustees 19~. IN TESTIMONY WI~REOF, I have hereunto set my hand and seal this 2grd day of December , A. D. 190. (SEAL) Ci.t Clerk . City, Town, or Village Form BLR M 340 (Rev. 1~_;;:.) Sheet 2 of 2