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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 -