Laserfiche WebLink
1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />SECTION 2. That the Bond Purchase Agreement received <br />f rom <br />BIRR, WILSON & CO., INC. <br />for the purchase of improvement bonds representing unpaid assess- <br />ments in said Assessment District is hereby accepted and approved. <br />SECTION 3. That said sale is subject to all the terms <br />and conditions as set forth in the Resolution of Intention, in the <br />accepted proposal, and in all other related bond authorization <br />doc ument at i on . <br />SECTION 4. That the Treasurer is hereby directed to have <br />the bonds printed immediately upon the expiration of the cash <br />collection period, and then said Treasurer shall have said bonds <br />s i gned and del i vered to sai d bi dder upon recei pt of the amount of <br />monies due pursuant to said proposal, and upon the performance of <br />all the conditions as set forth in the written proposal. <br />SECTION 5. That the interest rate or rates on sai d bonds <br />be, and the same hereby is f xed at the rate or rates as set forth <br />in said proposal . <br />SECTION 6. That the Treasurer is hereby authorized and <br />directed to keep a redemption fund designated by the name of the <br />proceedings, into which he shall place all sums received for the <br />collection of the assessments and the interest thereon, together <br />with all penalties, if applicable, thereon and from which he shall <br />disburse such funds to the registered owner. Under no circum- <br />stances shall the said bonds or interest thereon be paid out of <br />any other fund except as provided by law. Said fund shall be <br />known as the REDEMPTION FUND for this Assessment District. <br />