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1962 - 01-19-62 Adj. Reg. Meeting
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1962 - 01-19-62 Adj. Reg. Meeting
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12/11/2018 11:03:04 PM
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7/19/2010 7:51:06 AM
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Admin-Clerk
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Minutes
Committee
Board of Commissioners
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WtP <br /> St% <br /> BOOK 6 PAGE 10 <br /> (1) The County shall issue its bonds at this time <br /> of the aggregate principal amount of .$ 07 ,006 pursuant to and <br /> in accordance with the bond order en` itled "Bond Order author- <br /> izing- the issuance of '1,u(1C,000 Public hospital Bonds of the <br /> County of Lee°, adopted by the Board of Commissioners of the <br /> County on September b, 1960. <br /> (2) Acting pursuant to Section 13-8C of the County <br /> Finance Act the Board of Commissioners has ascertained and <br /> hereby determines that the existing building describes in said <br /> bond order and the new addition to be financed by the issuance <br /> of the bonds is of either fireproof construction or non-fire- <br /> proof construction as defined in said Section 153-80, and that <br /> the life of the improvement described in said bond order is <br /> thirty years, computed from May 1 , 1961. <br /> (3 ) The bonds shall be designated "Public Hospital <br /> Bonds, Series B" and shall consist of three hundred and seven <br /> Lands of the denomination of : 1,060 each, numbered from 1 to <br /> 307, inclusive, in the order of their maturity, and shall be <br /> payabi e ir, annual installments on. March .1, in each year as <br /> follows, viz. : a;l :l ,C00 in each of the years 1963 to 1979, inclu- <br /> sive, ; 2,00u in the year 1980 and 410,0OC in each of the years <br /> = 9=1 lcw, inc_iu,ive. <br /> (4) The bonds shall be dated March 1 , 1962, and <br /> s`.all bear interesr. i rc.m their date at a rate which shall be <br /> hereafter determined ana which shall not exceed six per centum <br /> (6, ) per annum. Such interest shall be payable semi-annually <br /> on March 1 and September 1 . <br /> -2- <br />
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