HomeMy WebLinkAboutResolution #0700RESOLUTION No. OU
Whereas, the Corporate Authorities of the City of Canton,
Illinois heretofore enacted Ordinance No. 508, which, inter alia, provided for the
issuance of sewer bonds as general obligation bonds against the City of Canton,
Fulton County, Illinois and which, further, provided a levy therefor in the amount of
$113,242.50 for the year 1975 with directions to the County Clerk of Fulton County,
Illinois to provide this amount for such purpose and for said year of 1975; and,
Whereas, it now appears that the City of Canton, Illinois has
available the sum of $113,242.50 for application to the payment of principal and
interest on said bonds and so that it is not now necessary to raise this amount by
taxation for the year 1975 as provided in said Ordinance No. 508; and,
Whereas, by reason thereof, taxes to be spread by the County
Clerk of Fulton County, Illinois, for the year 1975, may and ought to be abated
accordingly,
NOW, THEREFORE, BE IT, AND IT HEREBY IS RESOLVED BY THE CITY
COUNCIL OF THE CITY OF CANTON, ILLINOIS, as follows: that the tax levy for the year
1975 for the purpose of paying principal and interest on sewer bonds of said City,
as provided in said Ordinance No. 508, constituting general obligations of said City
be, and the same hereby is, abated in the amount of $113,242.50 for the year 1975
and the County Clerk of Fulton County, Illinois is hereby advised, directed and
authorized not to extend the sum of $113,242.50 of said tax levy, provided, however,
that this Resolution shall not in any manner affect the tax levies by said tax
Ordinance No. 508 provided for any year excepting said year of 1975.
BE IT, AND IT HEREBY IS, FURTHER RESOLVED: that the City Clerk
of this City is hereby directed to file with the County Clerk of Fulton County,
Illinois a certified copy of this Resolution as his authority to abate the taxes for
this year 1975 in the amount above provided.
PASSED by the City Council of the City of Canton, Illinois and APPROVED by the
Mayor thereof this 20th day of January, 1976.
MAYOR.
ATTEST: - ~~ , CITY CLERK
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