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52 -R-77
RESOLUTION
ABATING TAXES LEVIED FOR THE YEAR 1977 HERETOFORE
LEVIED TO PAY PRINCIPAL AND INTEREST ON $800,000
CORPORATE PURPOSE BONDS, SERIES 1975 OF THE
CITY OF EVANSTON, COOK COUNTY, ILLINOIS
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WHEREAS, the City Council of the City of Evanston, Cook County, Illinois,
• did on the 13th day of January, 1975, adopt Ordinance 3-0-75, an Ordinance
entitled:
• An Ordinance providing for borrowing money and issuing bonds of the City
of Evanston, Cook County, Illinois, to the amount of $800,000 for the
purpose of paying part of the cost of'constructing municipal improvements
and providing for the levy and collection of a direct annual tax for the
payment of principal and interest on said bonds; and
WHEREAS, the City Council of the City of Evanston, Cook County, Illinois,
did on the 13th day of January, 1975, adopt Resolution 5-R-75, a Resolution
entitled:
A Resolution confirming sale of $800,000 Corporate Purpose Bonds, Series
1975, of the City of Evanston, Cook County, Illinois, and providing for
• deposit of funds to pay interest payable on July 1, 1975 and January 1,
1976; and
• WHEREAS, there is available from other sources the amount of $107,525
which may lawfully be utilized to pay all sums due on said bonds for which
taxes were heretofore levied;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
EVANSTON, COOK COUNTY, ILLINOIS:
SECTION l: That the taxes heretofore levied and provided for in the
Ordinance providing for the issuance of $800,000 Corporate
Purpose Bonds, Series 1975, of the City of Evanston, Cook County, Illinois,
passed January 13, 1975, as Ordinance 3-0-75, be, and the same hereby are,
abated for the year 1977 by the amount of $107,525.
SECTION 2: That the City Manager, upon passage of this resolution, shall
cause to be filed with the County Clerk of Cook County,
Illinois, a certified copy hereof and shall direct said County Clerk to abate
the taxes heretofore levied under said Ordinance 3-0-75 for the year 1977 in
• the amount of $107,525,
Clerk --
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Adopted f// 1977
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