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HomeMy WebLinkAboutResolution #516A RESOLUTION ~~~~ providing for the retirement of certain municipal indebtedness by the use of motor fuel tax funds WI~REAS~ the Cit City, Town, or Village has outstanding indebtedness described as of Canton follows. Public Eenef.}~t ,~ssES;~,er~;t~~ ~o~.~.~4~4~'1~i.~ "r~.~'~tld.~:~.=~------------------------------ (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 1-2-1970 ~ 91,01].;23 Tnt©rets 1-2-1970 17,816.33 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 ha,s, 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 Tw~nt *-Sev and 56/100 one Tinnnr~rT ~i cr}Z-~ Tho~~s~nc3 F.i ~}~{; Nlmc~rPd DOl~ars ~~ ) from funds allotted to the municipality under the Motor Fuel Tax w 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 p.or;~ , Illinois. Fcrm BLR M 340(Rev. 11-62) Sheet 1 of 2