HomeMy WebLinkAboutORDINANCES-1962-066-O-620
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AN 0MIKAWE
Providing for the Issvaanoeos of
MINE fWNDRED AND SIXTY-FIV4
TWUSAID ($969eOW) DOLLARS
1962 TAX ANTICIPATION M-RRAi+tTS
of the City of Rvanstoanf Cook
County, Illinois.
` URrAS# this thq City Council of the City of Evanston, in Cook
( County, Illinois, finds ihst it doss not have funds on hand with vai.ch to
1 pay the ordinary and nse*saatry "raging expenses of twat City; and
MER,EAS, this City Council: of the City it Vtranstory in C.�ook County*
Illinois, has heretofore adopted its annual appropriation oardinanet for the
d currant fiscal yaar, beginning January 1, 196and ending Doembo r 31, 1962,
j' in monno r, time and fret required by law and has caused the saatsoa to be
a!
published, ate required by law, in than Evanston Revl ew, as evidenced by
proper proofs of publication now a past of the official, records of this City
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�i Countil, and has also adopted than annual tax levy ardiname levying taxes,
pursuant to said apparopriatiM ordinance; and
4MRrJ S0 none of said taxes sae levied have heretofore beam
�. antis1pated by the Issuance of tax anticipation viarrants othsznoltoi
NO"" THeR-»RwRtj 81? IT CRMIM by that City Council of than City Of
:,vanstom, in Cook County, I.11in*iso
ECTICxW 1 v That there bar and thore is h* rsbyauthorlred
to be executed and d#11v* r*d they 1962 Tax
'kn'ti,sipWon 4rranto of the city of Evanston), in Cook county, 1111nolop
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$535 j000 - 1962 GENVIVAL CORPORATE FUND Tax Anticipation V4rra3nts numbered
C-1 to C-107, Inclusive, to be of the denomination of
$5,000.00 each;
$12€ %000 - 1962 STREET AND BRIDGE FUND Tax Anticipation Warrants numbered
SB-1. to ,R,-24, inclusive, to be of the denomination of
$5,000.00 each;
$1 000 - 1962 GARB►GL COLL TION AND DISPOSAL MIS Tax Anticipation
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Warrant* numbered G•1 to G-24, inclusive, to be of than
denomination of $5,000,00 each;
S 750000 - 1962 LIBIARY FUND Tax Anticipation 4rr4nts, numbered L»1 to
L•15, inclusive, to be of the den6minaxtion of $5a000.00
each;
S11%000 - 1962 PLAYGfiOE M) AND RECREATION FUND Taax Anticipation Qtrraants,
numbered PR-1 to FAR-230 inclusivaaa to be of the denomi-
nation of $►50000#00 each.
That all sold warrants shall bear interest at the rate of
Two (2) per cent per ar = from date thereof until
paid# and shall be dated December 3 � 1962; said morra;lnts against
that respectivo funds shall be issued in anticipation of the collection of
taxes heretofore levied for the year 1962, by this City Council $ on *11 of
the taxable property within this city for the respective funds; said
vrarrtnts shall be signed by the Maa,yox, be attested by the City Clerk, .and
be sealed with the corporate **al of this city, and be registered by the
City Treasurer.
SeCTION 2: That said warrants be in substantially
the following forma
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CITY OF BAR
County of Cook State of Illinois,
FUND TAX ANUCUMTION �A ;RWMTS
Ts the City Treasurer of
the City of Evalristons in
Cook Countyp Illinois
Pursuant to proceedings adopted by the'City Council of
the City of Evanston, County of Cook and state of
Illinois# you are hereby dir ted to pay to booror .out
of taxes levied by said City Coum. ll in and for ,said
City in the year 19„„�„ for
purposes ass soon ao nds become available$ the sum of
Five Thousand Dollars (OpOW40) toWdts;ser with Inter -
sat theroon at the crate of pot scent
%) per snmo froto sates hereof until paid, or
until notice shall be given by publiotion In a► nows sopear
or otherwise that the money for the paymmt hereof is
available snd that this vaerraant. will be paid on pars*on-
tationp provtdedg howesver$ this, warrant shall be aroo
C*Ivsd by any collector of taxes In payment of the taxes
against thich it is tested.
This, uarront to one of a sorts* outhorizodi or to be
autho ritadp to be issued to pr*vido a fund to sssasat the
ordinary and necessary sxpsnsose of the City for
., purposes. You are ree-
quirod by statute to set such tames spsrt and hold sae
for the payment of said series of war7rant*# sad to pay
sold warrants to the numesartca l order of their Iss usnase
solely from said taxes, when collected and not otherwise.
Dated this, day
of , 19
Attests
City Clark
City of twanston In Cook County*
Illinois.
Registered:
ed
City Tareaseurer
loyor
City of Evans #ors In Cook Co nty#
Illinois.
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3"CTitN 31- Thatthe aforesaid vorrants in the aa re -
gate principal amount of MW ;li OP!" i ._.ND
SIXTY-FIVE MV 14D MM,IAM (%965vOW) awhatll be delivered to the puraMho w s
thereof -
State hank " Trust Company
First National Bank Trust Cof�pany
Bacon, Whipple x Company
in their n ericatl orders and upon receipt of the purchssa" price hereto-
fore ogre" wrong being not lees 'than the par value of said warra ntlrsl
that all of the above described v4 rrants in the o9gr ante principarll ar<aeaxtnt
of NINE HUNDRED AND JXXTY-F1VB. TI ii OM 0"LiARS ($%by ) shall be doted
December 3, 3.962 and +shall bo delivered to saa34 pur has#tr
on or abut said date as follows.-
is aM w 1962 WWMI. =FC AT-1 F`JND Take! Antiolpatton earrants num-
ber*d 0.1 to G-107, iraclusives to R of the de minattton
of $5#000. esch;
12►,f-VO - 1962 !ZRI?T AND DRUM FUND Tax .Antiolpattan *Arzwits nvm-
bored M-1 to -24o Inclusive* to be of the d l pins*
tion of S5#000.00 Oacht
l am 19b a ?► a CEwi4,L TIUN A, Dl&� 03A!- FUUD Tarn An'lci�xaation
+'".errants numbered G-1yytor�0-24f lm�,usivot to be of the
denomination of S50000.Ctytachi
1 # • 19,62 PU31„#C I.IER� RY FUG Tax Anticipation«4►rxaantsg mambo red
•l. to L-lei, inclusivet to be of thaw dencainatioh of
$60i.00 ch t
( S1150OW - 1962 J>IAYGRWI**`D AND RECREINTIQU FUND Tax Anticipatim w x► oats j
ma6*red PR-1 to V R-3* imlusfv*O to be of th#
denomination of S'3#C .00 eatcb.
The aaaworataconstitute the first warrants iswed against said
fun+ 9* and being r► bersd consecutively beginning with V*rrani 'Noo i„ a►x+e
the only ones outhortzod to be scald and delivered at this ttmo. 'RO addi-
ti,onawl warrants shall be sold or deliv*red until a tuthoar"irstton for sal,•
F orW delivery is made by the City Council of the City of Evanston.
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SECTION 4s It is s part of the contract for the, $ale
of said warrants that the amount of war -
grants herein authorized do** not exceed sovooty-fiver per cant (753%) of
taxes which will be extended for the respective purposa s of the year 1962,,
as nearly as may be dete=inod era the basis of the last avatl&bi* assessed
valuation of taxable properxty:
� SMTIGN a; That said tax l , ervy herrertofprae asaels to thet
year 1962 for said purposes be and the
i saner is hereby appvto rtated to spay the respective Arrahts htrotn outhori-
red to be Issued against the several funds. The City Troasurtr of this
city Is dirtetod to appiy the first money roativod by htR from said taxes
for the several puarposea heroin mentioned In the payment of the v4rrants,
heroin authortrod to be Issued against the "sneutiver fur4s, *tact to prey
• the gasser in numeria*l order beginning wiO. the iowaaest z bor (except into.
far as said mrrAnts shall have been used to prey said tasars) and to pay
'I said warrants as fast as funds become available for that purpase# said
[Troasur*r is hereby directed to notify-
#f :state Bank Trust Company
First National Stank Trust C ,,mraywi
Bacon, Ahipple Comrwny
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r asn funds s available to pay any of said vyarralntts.
VCTIM 6t 1b,er CityTreasurer of this City is hl oreb
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directed to use that procoods at said
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aaermts for the several purposes heroin set out and root vthatrviset.
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SrECTION . The City Clerrk of thla, City is ho roby
directed to file a Certified spy of this
" !OrOftanco with the City Treasurer of this City*
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=1CM $1 That all cx4triancoa or part* of ordinances,
In conflict herewith be and the $a" are
Ii hereby reptal#d and this ordimnce shall W In full fan* and ei'lect
foirthwith upon its adoption and approval
INTMCM November 26 1962
ilA%AD November 26 1962
s Maurice F. Brown
City Merit
Appr ved as to fo=:
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/s/ Russell A. Behrens
acting Corporation Counsel
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A'i FRDVLD Novemberi 1962
/s/ John D. Emery,
mayor
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