Laserfiche WebLink
0 <br />Page 2 <br />WHEREAS the purpose of this ordinance is to submit the question <br />of the issuance of the bonds under Act No. 9 to the electors of the City at <br />an election for that purpose to be held on November 5, 1968, the date of the <br />General Election; <br />NOW, THEREFORE, BE IT ORDAINED by the City Council of the <br />City of Batesville, Arkansas: <br />Section 1. That an election be, and the same is hereby, called <br />to be held in the City on the 5th day of November, 1968, at which election <br />there will be submitted to the electors of the City the question of issuing <br />Industrial Development Revenue Bonds ("bonds") under Act No. 9 in an amount <br />not to exceed Five Hundred Thousand Dollars ($500,000) for the purpose of <br />furnishing permanent financing of the costs of securing and developing <br />industry (the particular industrial project is described above) . The bonds will <br />be dated, the bonds will bear interest at such rate or rates, the interest will <br />be payable on such dates, the bonds will mature on such date or dates, the <br />bonds will be subject to redemption prior to maturity in such manner and upon <br />such terms, and the bonds will be issued at one time or in series from time to <br />time, all as the City Council shall subsequently determine and specify in <br />the ordinance authorizing the issuance of the bonds. <br />Section 2. That the question shall be placed on the ballot <br />for the election in substantially the following form: <br />