Ordinances-1975-68

ri , 7. - 1--, '' 1 , , m': 1 D; ORDINANCE NO 68 AN ORDINANCE authorizing the issuance i. o $ 31, 000 Sewer Bonds and providing for the levy of taxes to pay the same . il s. ` i WHEREAS the Town Tiffin (also of known as the City of Tiffin) , in the County of Johnson. and State of Iowa, heretofore, pur- 4 1suant to and in strict compliance with all laws applicable, lawfully i 1 .-: - Y± ordered, and provided for building and constructing a sewer outlet, illand purifying plant in and for the Town, the cost whereof to the amount of Thirty- one Thousand Dollars ($31, 000) , is to be paid by il l Psaid Town as a whole by the issuance of bonds ; and ii WHEREAS it is necessary and advisable that provisions be l! made for the issuance of such bonds at this time and notice and jlhearing on the initiation of proceedings for such issuance has i¢ heretofore been given in manner and form required by Chapters 23 land 408A of the Code of Iowa, and no petition nor protest has been E filed, andno petition has been filed requesting that the proposi di- ii s tion of issuing said bonds be submitted to the voters of said Town; i 11 NOW, THEREFORE, Be It Ordained by the Town Council of the it Town of Tiffin (also known as the City of Tiffin) , Iowa, as follows : i Section 1. That pursuant to and as authorized by Section 396 . 22 of the Code of Iowa, 1973, as amended, there shall be and there is hereby ordered issued the negotiable Sewer Bonds of said 1, 1Town of Tiffin, in the principal amount of $ 31, 000, said bonds to b1 131 in number, be numbered consecutively from 1 to 31, both numbers li lincluded, . of: the denomination of-=$ 1000 each, and to be dated ,; December 1, 1974 . ' That ' the bonds of said issue shall bear interest f 1 from the date thereof at the rates hereinafter specified, such u liinterest being payable June 1, 1975, and semiannually thereafter rs , II I '~ i lj r r t i is a i