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HomeMy WebLinkAboutOrdinance No. 0041CTTYOFDIMAORDINANCANPB4AadoptingabudgotfortheCityofWedinsWeshinStonfortheyear1957eandftxinqtheamountoftaxestobeleviedandUthoriinqbondorwarrantissuesinsupportthereofectton1Q7dtAdnptdThebudgetoftheCityOfedJnaeWmshtnOtonefortheyear1957esapprovedontheseconddayofOctohPr196eftedunoticeofhearingendfilingofepelmnarybudagtisherebyadoptinthetotl9mountof153399tiO2npTtntJOnFromtheestimatedrevenuesfm8llsourcsefollownamountsarerebyappriatedforexpenditureineachofthefollowingclassificationsdurinqthebudgetyear1957SalariesandWagesMaintenanceandoperation305S732Capitaloutlay541555Interestnddebtedpton322612xpen4tuesppOsedtobeissuesnotyntauthorizedToalFxpendtureSlO053399tsherebyfixedtoberRsedbygeneralpropertytaxesthemountof3133521Ichamountenaddedtotheestimatedmvenu9romallothersourceswillbmIBnceestlmitedexpendituesSection4TLTheTeIsherebyleViedonalltaxgblepartythreelendpersonalwithintheCityofMedtnasnqtontotalxofPlen11milsoneach9ndevedollgrofassessedvlutlonofsuchppeztytopovtdetaxrevenuesorthefollowtnqpuosesCurrentExpenseleven11Mils3133521section5AufhntytnhnTwForthestrictlymunicipalpurseolsndactstonfOparksrecreationorcityhllpurpose9RndtheimpmvemnthereoftheresherebyauhoTtzedtobeherrewewhetherbygeneralobligationbondsorwarrantsoncombinatonoftheanyountchenaatoheCtytsxstngndebednessshallnotexceed9729sgdamounbeingeaalooneandonehalf1otheCiysassesseavaluationo2848656herebeingatthetmeofthsOinancenoexistingindebtednessvergoeveradbondsoTwrrantsshallbeinfomanddenomtnaionasdeqnateabythecyeFnenceCometteeandshallbearneTest9tateonottoexceedsxpercent6perannumThereisherebycreatedasptalfundoftheCitytobeknoBsthendFundandeachyeatheCityofdinashallincludinitsdgetandlevyatRxuponaI1thepopertywithintheCitysubjecttotaxationinanamounsufficienttopaytheprincipalandinterestosuchndsssshallhavebeenissuedpursuanttothis8uthoritySuchBondFdshallbeusedfornootherpurposthnthepaentoftherincipalandinterestofsaidndsnndtheCiiyofMedinaheeypledgesthefullffthcreditandresourcesoftheCifyirrevocablyforthsnnuaflevyandcollectionofsaidt8xandpromptpaentof wmeinthetyofinmhmllbunpetitmndtheon1nilcton16VlolsefanyefthepvsonmfthtchsptsrghSllbesmiedsrsnypecanfoundtlythaeefrosybntahwfineefexceed3orbyptsontbynonexeenlnetydaysObothFachdybychchviolationthtlnttemfnoticethoroftoanyVolairtheperienniornymonornqencytnmydelstdmuntisuchvinlt1SllconSttteesrmtheeoshmlibeconsideredoftemerityeJpeceleffectFcton1FCtivOliSoInneeshmllonqu1956PFbytheCitycouncilonthet3thdeym16andsignedInsuthenticatonntuchpaseagWIPARpvsstoforeCityAttorney