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Home My WebLink AboutORDINANCES-1964-099-O-64. I - 1, , -11,11 1 Y M. 9940-64 P3*VidiN 100 4*0 1*0006 Of a" NWOM Am mum (PW 1964 TAX A ICU WMAWS of the City of *4ftstotly 06ok- aouhtyt illinolu *MMS, this the 00y Council of the City of lvansto% in OD4 County$ Illinois# finds that It does not have funds on hail with - pay the ordinsty " necessary oW*tihg oxpansos of the Cityl 64 *MftSj this City G&AWil of the City of L$VM%t*% LA 00A ftoA*,"- Illinois$, has heretofore wopted Its 60mmi appropd"iditon OrLMM 0 fete' current fiscal yeart beginning UM62? 1� 1964 and 6hd-jhg bocembet- 31t MU in mannext time and fom roWited * law and has caused the too to bq publishard o as r*qAx*6 by laws in the ftatkstoh kevisw# a ovideAgod propw proofs of publitation now a part, of the official rover of thit 90- Ostmciig, and -tws also adopted the annual tax lwy oxArArae, IWIYW to*$* ;mmant to said appopriAtion oxiU*V61 SOW VVEZW) none of said taxes so levied have 6matoto" b*ft anticipated by the issuance of tax antitiotion watraAtb oth*rwi"I No THMMOMO ag IT ORMUM by the city CWW%L1 of thA city ist RVARStoot in cook County* 1111miss SMTUM I I That thart, be OW tbfto Is • buraby awtka to be ""Uted am dtit"a-W th* M4 tu AAtiaipation Warrants of the Gity of VV*fttN6, in GocAt ftUntyo 11U44 as r. I I a 11 ,l, , . ' 'i' ✓F :i. 7 ` �rt i r�.•. .w Qom. WRATH Tax° Antic �,pii t OVI �,; ' ' C•• i"14"t to be of 1uhrt of 1* 9hs - 19 1 �t W Broo"t 'Tsa Ahticioet ftomau t 0-1 to �•Ip, inclu#it oo't be of the Mobil'— "Ohl # 1964 LNOWAnt sips Mtri the Ausberd L•1 to %• LMIUA VOO to $4 of - w donomimum eat $Boom #Awbt i 1904 iAYMM Aim MMM'T= Tax Antta tion �rraptR�, i r ii'rml 01 to WIG, tmlV*0,o, to be of ihe demminetim of ;R0 . saaA, That all said wbrsents "11 bear intei*st Ott the rate of f� per coK per annum frM date thereof until 4paid, and shA11 be dated �! SAmft . + , 1964; said warrants 40i"t the respective finds shall be Issued in anticipation of the collection of'taxes heretofore levied for the year 1964, by this City Council, am all of the taxable property within this city for the respective purposes referred to 4 I Oove; said warrants shall be signed by the 16myor, be attestod by the pity Marks and be sealed with the corporate seal of this city, and be registered r__� by the City Treasurer. OCAOAMM 2i That said warrants be in substantially tie following fom,I I i Y I ' - 1 .-i ;z)3.3 C ITY of EONSl�i County of Cook State of Illinois FUND TAX ANTICIPATICNi WARRANTS To the City Treasurer of the City of Rvanston in Cook County, Illinois Pursuant to proceedings adopt*4 by the City Council of ' the City of Evanston, County of Cook and State of Illinois, you are hereby directed to pay to bearer out of taxes levied by said City Council in and for said City in the year 19 for purposes, as soon ascends become available, the sus of Five Thousand Dollars (S50000.00) together with interest thereon at the rate of per cent f( %) per annum from date hereof until paid, or until notice shall be given by publication in a newspaper or otherwise that the money for the payment hereof is available and that this warrant will be paid on preson- tationf providing, however, this warrant shall be received by any collector of taxes in payment of the taxes against which it is issued. This warrant is one of a series authorised, or to be authorized, to be issued to provide a fund to meat the ordinary and necessary expenses of the City for ' purposes. You are 4 required by statute to set such taxes apart and hold same for the payment of said series of warrants, and to pay ea id warrants in the numerical order of their issuance solely from said taxes when collected qpd not otherwise. Dated this day of. u' . , l9 Attests i City Clerk City of Evanston in Cook County, Illinois. Registereds a City Treasurer Mayor City of Rvanston in Cook Countyt Illinois. C w3sw 0 • LJ • SXTION 3t That tho aforsaid warrants in the aggregato pr i nc ipa 1 amount of SEM HUNDRED AND FIFTY ;MMMAM DMIARS ($750,000) shall be dolivered to the purchasors theroof- �a1r, - 1 The Illinois Company 231 South LaSalle Street Chicago 4, Illinois j I f rin tboir numerical order, and upon receipt of the purchase price heretofore j {agrood upon, being not less than the par value of -said warrants; that all of ithe abovo doscribod vmrrants in the aggregate principal amount of SEVEN HUNIM AND FIFTY THOUSAND DOLLARS ($750,000) shall be dated September 28, 1964 and shall be dolivered to said purchaser on or about said date as followst $490,000 - 1964 GENERAL CORPORATE FUND Tax Anticipation Darrants numbered C-1 to C-981 inclusive, to bo of the denomination of $5,000.00 each; 95,000 - 1964 GARBAGE GOLLWTION AND DISPOSAL RUND Tax Anticipation 9` Warrants numbered G-1 to G-19, inclusive, to be of the denomination of $5,000.00 each; $ 75,000 - 1964 PtMLIC LIBRARY FUND Tax Anticipation Warrants, numbered L.-1 to L-15, inclusive, to be of the denomination of $5,000.00 each; O ! $ 909000 - 1964 PLAYGROUND AND RECRMTION PM Tax Anticipation Warrants, numbered PR-1 to PR-18, inclusive, to be of the denomination of $5,000.00 each. iThe abovo warrants constitute the first warrants issued against said funds, si i 11 and being numbered consecutively beginning with Warrant No. 1, are the only j' ones authorized to be sold and delivered at this time. No additional i I ! rmrrants shall be sold or delivered until authorization for sale and delivery 1 i j is made by the City Council of the City of Evanston. t i 1 t y -4* i' i S TION 33 That the aforsoid warrants in the a9v gatd t - principal amount of SR! HUNDRED AND FIM •;MXRWO DOLLARS ($7509000) shall be delivered to the purchasers thereof- S�e1r, •' The Illinois Co"any 231 South LaSalle Street Chicago 49 Illinois in tAsir americal order, and upon receipt of the purchase price heretofore agreed uW, being not less than the par value of'said warrants; that all of the above described warrants in the aggregate principal amount of SBYSN HUNOW AJND PIM THOUSAM DOLLARS (f7509000) shall be dated Septe■iber 20, 19U and shall be delivered to said purchaser on or about said data as follows# $4909000 1964 GENERAL CORPORATE PIM 4a Anticipation Warrants numbered C-1 to 0-98, inclusive, to be of the denomination of $50000.00 each; $ 95,000 - 1964 GARBAGE OOUWTION AND DISPOSAL fU[b Tax Anticipation Warrants cumbered G-1 to G-199 inclusive, to be of the denomination of s5,000.00 each; n $ 75#000 - 1964 PMLIC LIBRARY FM Tax Anticipation Warrants, numbered • L-4 to 1-15, inclusive, to be of the denomination of MvO0o.00 each; i 90,000 - 1964 PLAYQRWND AND SUM FUND Tax Anticipation Warrants, mmbered PR-1 to PR-19, inclusive, to be of the denomination of $5,000.00 each. The above warrants constitute the first warrants issued against said funds, and being numbered consecutively beginning with Warrant No. 1, are the only ones authorized to be sold and delivered at this time. No additional warrants shall be sold or delivered until authorization for sale and delivery is made by the City Council of the City of Evanston. wr R ,'• ul T In I t[` ' IIIIII III IIII II f �- A36 SECTION 4t It is a part of the contract for the sale of said warrants that the amount of warrants h herein authorized does not exceed seventy-five per cent (75%) of taxes which will be extended for the respective purposes of the year 1964, as nearli as my be determined on the basis of the last available assessed valuation of taxable property. SECTION 5s That said tax levies heretofore made in the year 1964 for said purposes be and the *am are hereby appropriated to pay the respective warrants herein authorized to jibe issued against the respective levies. The City Treasurer of this city is directed to apply the first money received by him from said taxes for the i several purposes herein mentioned in the payment of the warrants herein authorized to be issued against the respective levies, and to pay the same in numerical order beginning with tie lowest number (except insofar as said f warrants shall have been used to pay said taxes) and to pay said warrants as i fast as funds become available for that purposel said Treasurer is hereby directed to notify - The Illinois Company 231 South Walle Street Chicago 4, Illinois when funds are available to pay any of said warrants. SECTION 6t The City Treasurer of this City is hereby directed to use the proceeds of said warrants for the several purposes herein set out and not otherwise. I SECTION 71 The City Clerk of this City is hereby directed to file a certified copy of this ordinance with the City Treasurer of this City. i 0 i SBCTION St That all ordinances or parts of ordirssftos in conflict herewith be and the same are hereby 11reptaled and this ordinance shall be in full force and effect forthwith upon 1 � its adoption and approval. IINrRCDUCED September 24 1 1964 i PASSED i� September 21 , 1964 tj a. $f ATTUT �a to o y C &OTWO �i �1APPZvVed as to form$ �r C;orpose ion el APPROVBPI September 21 9 1964 Q. ROLL %Us Voting Aye: Alderman McCourt, (",otbaum, Marshall, Vannp►nan, Nott Wiscomb, Spencer, Re.ck, Hartman, I Howell, Winfield, Trenbeth, Emrich, Nichols, Gorby and Rubin. Voting Nay: NonN. Absent Alderman Kamen, Hills, Ward and Boyer. L d _6_ j Va.•..,T' , ';#f{y, N.�7.( .•"�'r .°Y :.' * •, '. �. x Y �;.�k. .s�• ''fa . ...T. Yr "iir;':' �.�,�T*:` y��. -.,��° 'Kr .•-••jg•• a n'<'. y K` ~b.,: �."`; .. � f a � �.F... r'..'\T„+• �� 5