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Home My WebLink About001-O-60742 1-0-60 ✓ AN ORDINANCE making appropriations to defray all necessary expenses and lia- bilities of the City of Evanston, Cook County, Illinois, for the fiscal year beginning January 19 1960 and ending December 31, 1960. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: SECTION 1: That the sums set out below, or so much there- of as may be authorized by law, be and the same are hereby appropriated to pay all necessary expenses and liabilities of the City of Evanston, Cook County, Illinois, for the fiscal year beginning January 1, 1960 and ending December 319 1960; such appropriations are hereby made for the fol- lowing objects and purposes: SECTION 2: That there be appropriated from the General Fund: FOR CORPORATE PURPOSES: ESTIMATED RECEIPTS FROM SOURCES TO BE ACCOUNT TOTAL OTHER THAN RAISED BY NUMBER APPROPRIATION TAXATION TAXATION 100 CITY COUNCIL 100.101 Regular salaries 'Mayor @ $150/mo. (70%) $ 11260 $ 530 $ 730 18 Aldermen @ $25/meeting (70%) 169380 69880 90500 100.286 Expense allowance 11800 11800 None 100.345 Office supplies 100 100 None 100.402 Contingencies 250 250 None 102 CITY MANAGER'S OFFICE 102.101 Regular salaries City Manager 0 $1,667/mo. (70%) 14,003 59883 81120 Administrative Assistant @ $448/mo: (70%) 31763 1,583 2,180 Secretary to -City Manager @ $427/mo. (70%) 31587 19507 29080 102.214 Services;to,:maintain office equipment 75 75 'None 102,241 Travel expenses 570 .570 None 102,243 Rental of automotive equipment 300 300 None 102-0284 Membership dues. 75 75 None 102.302 Books; other publications; and maps 25 25 None 1 ACCOUNT NUMBER 102,345 102.402 105 105.101 105.109 105.201 105.202 105.214 105,224 105.229 105.241 105.284 105.302 105.345 105.402 110 110.101 110.109 110.201 110.202 110.203 110.214 110.229 110.241 110.243 110.284 110.302 110.345 110.350 110.402 110.404 TOTAL APPROPRIATION Office supplies $ 500 Contingencies 100 PERSONNEL Regular salaries 3 Commissioners @ $350/yr. (70%) Personnel Director @ $448/mo. (70%) Clerk -Stenographer III @ $407/mo. (70%) Clerk -Stenographer II @ $345/mo. (70%) Clerk -Stenographer I @ $330/mo. (35%) Temporary salaries (70%) Advertising Printing and binding Services to maintain office equipment Medical and hospital services (job applicants) Other professional services (employment agencies) Travel expenses Membership dues Books, other publications, and maps (including tests) Office supplies Contingencies PLANNING DEPARTMENT Regular salaries Director of Planning @ $906/mo. Assistant Planner @ $489/mo. Planning Draftsman @ $407/mo. Clerk -Stenographer II @ $361/mo. Temporary salaries Advertising Printing and binding (zoning ordinance, etc.) Photographing and blueprinting Services to maintain office equipment Other professional services (planning consultants) Travel expenses Rental of automotive equipment Membership dues Books, other publications, and maps Office supplies Photographic and drafting supplies Contingencies Contributions to other agencies (Northeastern Illinois Metropolitan Area.Planning Com- mission). 735 3,763 39419 29898 19386 560 250 75 175 19200 850 250 209 400 500 750 109872 5,868 49884 4,332 500 200 1,800 500 100 109000 580 125 225 100 600 100 100 1,000 ESTIMATED 743 RECEIPTS FROM SOURCES TO BE OTHER THAN RAISED BY TAXATION TAXATION $ 500 $ None 100 None 305 430 19583 29180 1,439 12980 1,218 19680 586 800 560. None 250 None 75 None 175 None 19200 None 850 None 250 None. 209 None 400 None 500 None' 750 None 41562 69310 2,468 39400 2,054 2,830 19822 29510 500 None 200 ,None 1,800 None 500 None 100 None 101000 None 580 None 125 None 225 None 100 None 600 None 100 None 100 None 1,000 None PA ACCOUNT NUMBER 115 115,101 115.202 115,214 115.241 115,284 115.302 115.345 115.402 120 120.101 120.109 120.214 120.241 120.345 120.425 125 125.101 125.109 125.214 125.241 125.243 125.315 125.345 130 130.101 ESTIMATED r 744 RECEIPTS FROM SOURCES TO BE TOTAL OTHER THAN RAISED BY. APPROPRIATION TAXATION TAXATION FINANCE DEPARTMENT Administration Regular salaries Finance Director and Comptroller @ $906/mo. (70%) $ Clerk -Stenographer II @ $345/mo. (70%) Printing and binding (finan- cial reports) Services to maintain office equipment Travel expenses Membership dues Books, other publications, and maps Office supplies Contingencies Treasurer Regular salaries City Treasurer @ $500/mo. Clerk -Stenographer III @ $407/mo. (70%) Temporary salaries Services to maintain office equipment Travel expenses Office supplies Surety bond 'Collector Regular .salaries City Collector @ $427/mo. (70%) Clerk II @ $361/mo. (70%) Clerk I @ $283 mo. (70%) License & Measures Inspect- or @ $391/mo. (70%) Temporary salaries Services to maintain office equipment Travel expenses Rental of automotive equipment Licensing and regulatory supplies Office supplies Accountinq Regular salaries Chief Accountant @ $561/mo. (70%) Special Assessments Clerk @ $361/mo. ('70%) Bookkeeping Machine Operator @ $330/mo. (70%) Bookkeeping Machine Operator @ $299/mo. (70%) Clerk -Typist II @ $314/mo. (70%) 7,610 $ 3,200 $ 49410 20898 11218 1,680 550 550 None 45 45 None 375 375 None 66 66 None 50 50 None 450 450 None 150 150 None 61000 29520 39480 3,419 11439 11980 210 210 None 25 25 None 225 225 None 125 125 None 2,250 2,250 None 39587 19507 2,080 39032 11272 19760 2,377 997 1,380 3,285 1,375 19910 21800 2,800 None 175 175 None 50 50 None 225 225 None 2,600 -. 29600 None 10900 19900 None 42712 1,982 29730 3,032 1,272 1,760 29772 19162 11610 29512 19052 1,460 29638 11108 1,Yb30 3 A ESTIMATED 745 RECEIPTS FROM SOURCES TO BE ACCOUNT TOTAL OTHER THAN RAISED BY NU1lIBER APPROPRIATION TAXATION TAXATION 130.214 Services to maintain office equipment $ 400 $ 400 $ None 180.241 Travel expenses 55 55 None 130.345 Office supplies 19500 19500 None 135 Purchasinq 135.101 Regular salaries Purchasing Agent @ $510/mo. (70%) 49284 19794 29490 Clerk-T pist II @ $345/mo. (70%� 29898 19218 19680 Clerk -Stenographer I @ $180/mo. (part-time) (70%) 19512 632 880 135.214 Services to maintain office equipment 125 125 None 135.241 Travel expenses 250 250 None 135.284 Membership dues 100 100- None 135.345A Office supplies 425 425 None 135.345B Office supplies (for central store) 250 250 None 137 Auditinq 137.221 Auditing services 99850 99850 None CITY CLERK 140 Municipal Records 140.101 Regular salaries City Clerk @ $625/mo. 79500 39150 49350 Clerk -Stenographer II @ $330/mo. 39960 19660 29300 140.109 Temporary salaries 400 400 None 140.201 Advertising (legal notices) 19500 19500 None 140.202 Printing and binding 500 500 None 140.214 Services to maintain office equipment 100 100 None 140,241 Travel expenses 180 180 None 140.284 Membership dues 25 25 None 140.345 Office supplies 600 600 None 140.402 Contingencies 100 100 None. 141 Elections 141'0109 Temporary salaries 150 150 None 141.201 Advertising 425 425 None 141.202 Printing and binding (appli- cations and ballots) 800 800 None 141.244 Freight and cartage 19150 19150 None. 141.304 Election supplies 950 950 None 141,402 Contingencies 100 100 None 145 LAW DEPARTMENT 145.101 Regular salaries Corporation Counsel @ $948/mo. (70%) 79963 39343 49620 Assistant Corporation Counsel @ $731/mo. (70%) 6'9140 29580 39560 City Prosecutor @ $587/mo. 00%) 49931 29071 29860 Clerk -Stenographer III @ $407/mo. (70%) 39419 19439 19980 145.223 Legal counsel (contingent counsel) 19000 19000 None ri ACCOUNT NUMBER 145;224 145.241 145.281 145.284 1454302 145.345 145.402 150 150,i01 150.214 150.229 150,241 150.286 150.299 150,345 150.402 155 .i55.101 155.109 155.201 155.2-14 155.241 155,243 155.284 155.299A ESTIMATED RECEIPTS FROM SOURCES TOTAL OTHER THAN APPROPRIATION TAXATION Medical and hospital services (Re: `claims cases) $ 115 Travel expenses 100 Court costs and litigation expenses 1,000 Membership dues 120 Books, other publications,. and maps 150 Office supplies 450 Contingencies 100 MUNICIPAL COURT Regular salaries 2 Judges @ $19000/mo. 249000 Court Clerk @ $666.67/mo. for lO2 mos. and $791.:67 for 12 mos. 8'9188 4 Deputy Court Clerks @ $407/mo. 19,9536 2 Clerk -Stenographers II @ $330/mo. 79920 Services to maintain office equipment 135 Other professional services (outside judges) 500 Travel expenses (jurors) 600 Expense allowance (Probation Officer) 480 Other contractual.services '(microfilming)' 10000 Office supplies 21,000 Contingencies 100 BUILDING DEPARTMENT Regular salaries Director of Building @ $865/mo. 10,380 Senior Structural Inspect- or @ $613/mo. 71356 Structural Inspector @ $536/mo. 69432 Electrical Inspector @ $613/mo. 7,356 Assistant Electrical In- spector @ $489/mo. 5,868 Plumbing Inspector @ $587/mo. 7,044 Zoning Inspector @ $407/mo. 42884 Permit Clerk @ $391/mo. 49 692 Clerk -Stenographer II @ $361/mo. 42332 Board of Examining Engineers, 4 @ $50/yr. 200 Temporary salaries (summer inspectors) 500 Advertising (legal notices) 250 Services to maintain office equipment 70 Travel expenses 875 Rental of automotive equipment 13,500 Membership dues 95 Other contractual services (elevator and smoke inspection) 39000 5 115 100 1,000 120 150 450 100 10,080 3,398 8,206 3,330 135 '500 600 480 1,000 2,000 100 4,360 3,086 2,702 2,954 2,054 1,972 1,822 M 746 TO BE RAISED BY TAXATION $ None None None None None None None 13,920 4,790 11,330 4,590 None None None None None None None 6,020 4,270 3,730 4,270 3,400 4,090 2,830 2,720 2,510 None 500 None 250 None 70 None 875 None 1$00 None 95 None 3,000 None ACCOUNT NUMBER 155.299B 155.345 155.402 160 160.101 160.214 160.241 160.243 160.284 160.345 160.402 165 165.101 165.109 165,203 165.214 165.216 165.241 165.243 165.302 165.340 165,345 165..350 165.402 TOTAL APPROPRIATION Other contractual services (sign and awning in-. spection) $ Office supplies Contingencies PUBLIC WORKS DIRECTOR Regular salaries Public Works Director and Executive Assistant @ $1,370/mo. (70%) Clerk -Stenographer II @ $376/mo. (70%) Clerk -Stenographer I @ $330/rrio. (35%) Board of Local Improve- ments - 5 members @ $50/yr. Services to maintain office equipment Travel expenses Rental of automotive equip- ment Membership dues Office supplies Contingencies CITY ENGINEER Regular salaries City Engineer @ $948/mo. (70%) Assistant City Engineer @ $639/mo. (70%) Civil Engineer @ $587/mo. (70%)' Civil Engineer @ $536/mo. (70%) Engineering Aide II @ $407/mo. (70%) Engineering Aide I @ $376/mo. (70%) Clerk -Stenographer II @ $376/mo. (70%) Temporary salaries Photographing and blueprinting Services to maintain office equipment Services to maintain other equipment Travel expenses Rental of automotive equip- ment Books, other publications, and maps Minor equipment, tools, and hardware Office supplies Photographic and drafting supplies Contingencies ESTIMATED 7.47 RECEIPTS FROM SOURCES TO BE OTHER THAN RAISED BY TAXATION TAXATION 29500 $ 29500 $ None 550 550 None 100 100 None 111508 4,838 6,670 39158 1,328 19830 1,386 586 800 250 250 None 125 125 None 375 375 None 225 225 None 35 35 None 400- 400 None 100 100 None 79963 39343 49620 59368 29258 39110 41931 2,071 29860 49503 1,893 29610 3,419 19439 1,980 39158 19328 19830 39158 1,328 19830 525 525 None 350 350 None 100 100 None 50 50 None .' 360 360 None 600 600 None 50 50 None 75 75 None 175 175 None 100 100 None 100 100 None 2 748 ESTIMATED RECEIPTS FROM SOURCES TO BE ACCOUNT TOTAL OTHER THAN RAISED BY NUMBER APPROPRIATION TAXATION TAXATION 170 TRAFFIC ENGINEERING 170.101 Regular salaries Traffic Engineer @ $762/mo. $ 99142 $ 39842 $ 51300 Traffic -Sign Repairman @ $407/mo. 40884 2,054 2,830 Traffic Sign Repairman @ $376/mo. 49512 12892 2,620 Traffic Control Utility - man @ $407/mo. 49884 29054 29830 Traffic Control Utility - man @ $361/mo. 41332 19822 21510 Electrician @ $469/mo. 50628 2,368 31260 Clerk -Stenographer @ $314/mo. 39768 1,578 20190 Overtime 19800 10800 None 170.109 Temporary salaries - for painting traffic signal heads 1,200 1,200 None 170,214 Services to maintain office equipment 25 25 None 170.216 Services to maintain other equipment 100 100 None 1709224 Medical and hospital services 100 100 None 170.241 Travel expenses 175 175 None 170.243 Rental of automotive equip- ment 29000 29000 None 170.284 Membership dues 40 40 None 170.328 Materials to maintain traffic controls 39200 39200 None 170.340 Minor equipment, tools, and hardware 150 150 None 170.345 Office supplies 100 100 None 170.360 Traffic control supplies 89000 89000 None 170.402 Contingencies 100 100 None 175 BUILDING MAINTENANCE 175.101 Regular salaries Foreman @ $536/mo. 6,432 2,702 39730 Carpenter @ $489/mo. 53868 29468 39400 Electrician @ $489/mo. 52868 2,468 39400 Electrician @ $448/mo. 59376 29256 39120 Custodian @ $407/mo. 4,884 29054 2,830 Custodian @ $391/mo. 49692 19972 29720 Custodian @ $376/mo. 42512 19892 29620 Custodial Worker @ $361/mo. 49332 1,822 2,510 2 Custodial Workers @ $345/mo. 89280 3,480- 49800 Switchboard Operator @ $299/mo. 39588 1,508 29080 Switchboard Operator @ $283/mo. 3,396; 19426 19970 Overtime 11800 11800 None 175.211 Services to.maintain buildings 10,500 109500 None 175.216 Services to maintain other equipment 2,000 21000 None 175.224 Medical and hospital services 100 100 None 175.233 Telephone and telegraph 5,000 59000 None 175.242 Automobile allowance 360 360 None 175,243 Rental of automotive equip- ment 1,500 11500 None 7 685 and serially $30,000 on January 1, 1961, $45,000 onJanuar y 1, 19622 $50,000 on January 1 of each of the years 1963 to 1965, inclusive, $55,000 on January 1, 1966, $60,000 on January 1, 1967s $65,000-on January 1, 1968, $70,000 on January 1, 19690 $75, 000 on January 1 of 'each of the ears 1970 and 1971, $80,000 on,January 19 19720 85,000 on January 1, 1973, $90..00O*on January 1, 1974s $95,000 on January 1, 1975, and $100, 000 on January 1 of each of the years 1976 to 1979, inclusive, and bear, interest at the rate of not to exceed four per cent (4%) per annum? WHEREAS the City Council did cause to be given proper notice of said election by publishing notice thereof once in the Evanston Review, being a newspaper.published in and having a general circulation within said City, said publication of said"notice being made not more than thirty days nor 'less 'than fifteen days prior to the date of said election, all as evidenced by an affidavit 'of publishing now on file with the Clerk of said City and a part of the per- ' mgnent records of this Board, which said notice as so pub- lished did specify the places where such election was to be held, the time of opening and 'closing the polls and the question to be voted upon; and WHEREAS, the City Council by proper proceedings adopted and spread upon its records, found that 'all legal requirements in connection with said election were duly a^omplied with and that a majority of the electors of said City voting at said election on said question above referred to voted in favor thereof; NOW THEREFORE, Be It Ordained by the City Council of the City of Evanston, Cook County, Illinois, as follows: SECTION 1: That it. be and it is hereby found and determined that this City Council has been authorized by a majority of the electors of said City voting on the question at a special election duly called, noticed, held and canvassed'for that purpose to issue bonds of said City in the amount of $1075000, for the purpose of constructing and equipping a new public library building in and for said City, Section 2:- That in order to raise the sum of $1075,000 needed for the purpose of constructing and equipping a new public library building in and for said City; such new building to be located on the site now owned by said City for library purposes, there be borrowed by, for and on behalf of the City of Evanston, Cook County, Illinois, the sum of $1075,000 and to evidence said loan negotiable coupon bonds of said City be issued. Said bonds shall be designated "Library Bonds", be dated June 1, 19599 be numbered from 1 to 1375 inclusive., be of the denomi- nation of $1,000 each, and mature serially $30,000 on January 1, 1961s $45,000 on January 1, 1962s $50,000 on January 1 of ,each _of the years 1963 to, 1965, inclusive, $55,000 on January 1, 19669 $60,000 on January 1, 1967s $65,000 on January 1, 1968s $70,000 on January 1, 1969s $75,000 on January 1 of each of the years 1970 and 1971, $80,000 on January 1, 19722 $85,000 on January 1, 1973, $90,000 on January 1, 1974s $95-,000 on January 1, 1975, and $100,000 on January 1 of each of the years 1976 to 1979, inclusive. Said bonds shall bear interest from date until paid at the rate of three and one-half per cent (3-lleO per annum, payable January 1, 1960 and semi-annually thereafter on the first days of July and January in each year, which said interest payments to date of maturity of principal shall be evidenced by proper interest coupons attached to each nond and maturing on the datesherein provided, and both principal and interest shall be payable in lawful money of the United Statesof America at the American Na tional Bank and Trust Company of Chicago, in the City of Chicago, Illinois. The seal of said City shall be affixed .to each of said bonds and said bonds shall be signed by the Mayor and attested by the City Clerk, and said coupons shall be signed and attested by said officials, respectively, by their respective facsimile signatures, and said officials, by the execution of said bonds, shall adopt as and for their own proper signatures their respective facsimile signatures appearing on said coupons. Section 3:- That the bonds hereby authorized shall be payable to bearer; provided, however, that such bonds may be subject to registration as to principal in the name of the holder on the books of the Treasurer of said City,. such registration to be evidenced by notation of said Treasurer upon the back of such bonds so registered. No bond so registered shall be subject to transfer except upon such books and similarly noted on the back thereof unless the last registration shall have been to bearer. Such regis- tration of any of said bonds shall not, however, affect the negotiatility of the coupons attached,to said .bonds, but such coupons shall continue transferable by delivery merely. Section 4: That each of said bonds and the interest coupons to be thereto attached shall be in substantially the following form: NUMBER (Form of Bond) UNITED STATES OF AMERICA STATE OF ILLINOIS COUNTY OF COOK CITY OF EVANSTON LIBRARY BOND $1,000. KNOW ALL MEN BY THESE PRESENTS, that the City of Evanston, Cook County, Illinois, hereby acknowledges itself to owe, and for value received promises to pay to bearer, or if this bond be registered, then tothe registered holder hereof, the sum of ONE THOUSAND DOLLARS ($12000) on the first day of January, 19_, together with interest on said sum from the date hereof until paid at the rate of three and one-half per cent (3-1/2%) per an num, payable on January 1960s and semiannually thereafter on the first days of July and January in each year, upon presentation and surrender of the respective interest coupons hereto attached as they severally become due and payable. Both principal and interest are hereby made payable r in lawful money of the United States of America at the American National Bank and Trust Company of Chicago,__ in the City of Chicago, Illinois. For the prompt payment of this bond, both principal and interest, as aforesaid, at maturity, and the levy of taxes sufficient for that purpose, the full faith, credit and resources of said City are hereby irrevocably pledged. This bond is issued by said City for the purpose of constructing and equipping a new public library building in and -for said City, such new build ng to be located on the site now owned by said City for library purposes, pursuant to and in all respects in compliance with the "revised Cities and Villages Act", effective January 1, 1942, and all acts amendatory thereof and supplementary thereto, and is authorized.by a majority of the electors of said City voting upon the question at an election duly called, noticed, held and canvassed for that purpose in said City, and in compliance wits an ordinance duly passed by the City Council of said City, approved by the Mayor thereof, and published, in all respects as by law required. It is hereby certified and recited that all acts, - conditions and things required by the Constitution and laws of the State of Illinois, to exist or to be done precedent to,and in the issuance of this bond, have existed and have been properly done, happened and been performed in regular and due form and time as required by law; that the indebtedness of said City of Evanston, represented by this bond and the issue of which it forms a part, and including all other indebtedness of said City, howsoever evidenced and incurred, does not exceed any constitutional or statutory limitation and that provision has been made for the collection of a direct annual tax, in addition to all other taxes, on all of Bob of the taxable property in said City sufficient to pay the interest hereon as the same falls due and also to pay and dis= charge the principal hereof at maturity. This bond is subject to registration as to principal in the name of the holder on the books of the City Treasurer, such registration to be evidenced by notation of such Treasurer on the back hereof'; and after such registration no transfer hereof, except upon such books and similarly noted hereon, shall be valid unless the last registration shall have been to bearer. Registration hereof shall not affect the negotiability of the coupons hereto attached which shall continue negotiable by delivery merely notwithstanding registration hereof. IN WITNESS WHEREOF, said City of Evanston, Cook County, Illinois, by its City Council, has caused its corporate seal to be hereunto affixed and this bond to be signed by the mayor of said City and attested by its City Clerk, and the coupons hereto attached to be signed and attested by said officials, respectively, by their facsimile signatures, and said officials, by the execution hereof, do adopt as and for their own proper signatures their respective facsimile signatures appearing on said coupons, all as of the first day of June, 1959. CITY OF EVANSTON By Mayor Attest: City Clerk 690 (Form of Coupon) NUMBER $ - On the first day of 19 , the City of Evanston, Cook Couhty, Illinois, will pay to bearer Dollars ($ ) in lawful money of•the United States of America at the American National Bank and Trust Cbmpany of Chicago, in the City of Chicago, Illinois, for interest due that day on its Library Bond, dated June 1, 1959, Number City Clerk Mayor (Form for Registration as to Principal) DATE OF. SIGNATURE OF REGISTRATION NAME OF REGISTERED OWNER CITY TREASURER Section 5: That for the purpose of providing the funds required to pay the interest on said bonds promptly when and as the same falls due and to pay and discharge the principal thereof at maturity, there be and there is, hereby levied upon all the taxable property within said City, in each year while any of said bonds are outstanding, a direct annual tax sufficient for that purpose, and that there be and there is hereby levied on all of the taxable property in said City, in addition to all other taxes, the following direct annual tax, to wit: For the year 1959, a tax sufficient to produce the sum of $129; 770.50 for interest and principal up to and including July 1, 1961; For the year 1960, a tax sufficient to produce the sum of $91,287.50 , for interest and principal; For the year 1961, a tax sufficient to produce the sum of $94,625.00 , for interest and principal;,, For the year 1962, a tax sufficient to produce the sum of $92,875.00 , for interest and principal; 691 For the yyear 1963, a tax sufficient to produce the sum of $91,125.00 for interest and principal; For the year 1964, a tax sufficient to produce the sum of $94,287.50 for interest and principal; For the year 1965, a tax sufficient to produce the sum of $97,275.00 for interest -and principal; For the' year 1966, e. -.tax sufficient to produce the sum of $100,087.50 for interest and prcinipal; For the year 1967, a tax sufficient to produce the sum of $102,725.00 for interest and principal; For the year 1968,.a tax sufficient to produce the sum of $105,187.50 for interest and principal; For the year 1969, a tax sufficient to produce the sum of $102,562.50 for interest and principal; For the year 1970, a tax sufficient to produce the sum of $104,850.00 for interest and principal; For the year 1971, a tax sufficient to produce the sum of $106,962.50 for interest and prih cipal; For the year 1972, a tax sufficient to produce the sum of $108,900.00 for interest and principal; For the year 1973, a tax sufficient to produce the sum of 8110.662.50 for interest and principal; For the year 1974, a tax.sufficient to produce the sum of $112,250.00 for -interest and principal; For the year 1975, a tax sufficient to produce the sum of $108,750.00 for interest and prcinipal; For the year 197 6, a tax sufficient to produce the sum of $105.250.00 for interest and principal; For the year 1977, a tax sufficient to produce the sum of $lGl,750.00 for interest and principal; That interest or principal coming due at any time when there are insufficient funds on hand to pay the same be paid promptly when due from current funds on hand in advancement of the collection of taxes, and when said taxes shall have been collected, reimbursement shall.be made to the said funds in the amounts thus advanced. Section 6. That forthwith as soon as this ordinance becomes effective, a copy hereof ,certified by the Clerk of said City, which certificate shall recite that this ordinance has been passed by the City Council of said City and published as required by law, shall be filed with the County Clerk of Cook County, Illinois, who 692 shall in and for each of the years 1959 to 1977, inclusive, as- certain the rate per cent required to produce the aggregate tax hereinbefore provided to be levied in each of said years, respectively and extend the same for c.bll<ection on the tax books in connection with other.taxes levied in each of said years, respectively, in and by said City for general corporate purposes of said City, and in each of said years such annual tax shall be levied and collet#,ed by said City in like manner as taxes for general corporate purposes for each of said years are levied and collected, and when collected such taxes shall be used solely for the purpose of paying principal and interest upon the bonds herein authorized when same mature. Section 7: That forthwith after this ordinance has, become effective as provided by law, the bonds herein authorized shall be executed and delivered to the Treasurer of said City and be by him delivered to Lazard Freres & Co., Wertheim & Co. and Ladenbur g, Thalmann & Co., the purchasers thereof, upon receipt of the pirchase price therefor, same being the par value of said bonds plus accrued interest to date of delivery, plus a premium of $5,002.25, contract for the sale of said bonds to said purchasers, hereto- fore entered into, be and the same is hereby in all respects. ratified, approved and confirmed. Sectio n 8: That all ordinances, resolutions and orders, or parts thereof, in conflict herewith, be and thes ame are hereby repealed and this ordinance shall be in full force and effect upon its passage and publication as provided by law. Introduced June 22, 1959 Adopted June 29, 1959 Attest: /s/ Maurice F. Brown City Clerk Recorded July 2, 1959 Published July 2, 1959 Approved June 30, 1959 /s/ J. R. Kimbark Mayor