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HomeMy WebLinkAboutResolution #3396RESOLUTION NO. 3396 A RESOLUTION AUTHORIZING THE BORROWING OF FUNDS TO FINANCE THE PURCHASE OF A NEW FIRE TRUCK WHEREAS, the City of Canton has acquired a new fire truck; and, WHEREAS, the National Bank of Canton has agreed to finance the purchase of said truck by lending money to the City; and, WHEREAS, the City Council has heretofore approved the terms of a loan; and, WHEREAS, it is necessary to authorize the city officials to execute the documents necessary to effectuate said loan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CANTON, Fulton County, Illinois as follows: 1. That the corporate authorities of the City of Canton be and they are hereby authorized to implement the council actions pertaining to the borrowing of funds from the National Bank of Canton in connection with the purchase of the new fire truck. 2. That this Resolution 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 16th day of September 1997 upon a roll call vote as follows: AYES• Alderngn Hartford, Molleck, Phillips, Sarff, Meade, • Nidiffer, May, Shores, NAYS: None ABSENT: None . AP VED: ~~~ Donald E. Edwards, Mayor Attest: ~ ~' ~ . Nancy Whites,: ity Clerk.