HomeMy WebLinkAboutCC-06-15-81 No./So. InterceptorRESOLUTION 6-15-81-1
THE COMMON COUNCIL OF THE CITY OF CARMEL, HAMILTON COUNTY, STATE OF INDIANA,
BY THIS RESOLUTION DOES HEREBY GRANT A. UTHORITY TO DOROTHY J. HANCOCK, CLERK-
TREASURER OF CARMEL, TO BORROW A SUM NOT TO EXCEED ($250,000.00) TWO HUNDRED
FIFTY THOUSAND DOLLARS AT A RATE NOT TO EXCEED (10%) TEN PERCENT DUE ON
DECEMBER 31, 1981 TO BE DEPOSITED IN THE ACCOUNT FOR THE NORTH-SOUTH INTERCEPTOR
FUND AND TO PAY SUCH AMOUNTS AS MAY BE NECESSARY FOR THE FUNDING OF SAID PROJECT.
SAID SUMS ARE TO BE REPAID UPON RECEIPT OF FUNDS FROM A BOND ISSUE PROPOSED
IN 1981.
ATTEST
1 erk-Treasu~er ~