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HomeMy WebLinkAboutResolution 12-16-1952 RESOLUTION WHEREAS the City Council of the City of Canton, Illinois passed an ordinance entitled: AN ORDINANCE providing for borrowing money and issuing bonds of the City of Canton, Fulton County, Illinois, in the principal amount of 250,000, for the purpose of constructing re- pairs, extensions and ijorovements to the ex- isting waterworks supply and distribution system in said City, and providing for the levy and collection of a direct annual tax for the pay- ment of the principal of and interest on said bonds; and all subsequent ordinances providing for appropriation or levy of said moneys . PASSED ON August 7, 1951 and approved on August 7, 1951 and approved by the electors at a Special Election held on July 24, 1951, and any or all other subsequentappropriation ordinances or tax levy ordinances applying to said principal and interest on the bond interest described in the above paragraph. WHEREAS, the City Council has publicly represented to the voters of the City that excess profit from the municipal water and sewer plant operations would be used for the payment of said bonds issued for repairs, extensions and improvements to the water works. NOW, THEREFORE, in order to keep faith with said voters, it is necessary that the County Clerk of Fulton County, Illinois be notified not to extend taxes for said bond issue and, BE IT RESOLVED that the Mayor and City Clerk are hereby instructed to file with said County Clerk a certificate stating that said City will have sufficient funds to pay the interest due July 1, 1953 in the sum of ;3, 645.00, and the principal and interest due on January 1, 1954 in the sum of 4,3, 645.00, and a sufficient fund to meet the principal to January 1, 1954 in the sum of ,";9,000.00. BE IT FURTHER RESOLVED that the Mayor and City Clerk be and they are hereby authorized to execute said certificate and file the same with the County Clerk of Fulton County, Illinois. Passed by the City Council of the City of Canton, Illinois, this 16th day of December, A. D. 1952 and approved by the Mayor of said City on the 16th day of December, A. D. 1952. ___22,2firef4s (4` D MAYOR ATTEST: W". •1 .i.