42-76 Resolution
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RECORD OF RESOLUTIONS 39
COLUMBUS BLANK BOOK CO., COL., O. ~ Form No. 6233-A
. 42 7B p assed.---------.AUS-2------ -1916--------------19--------
Resolutwn No .----------------------------------
RESOLUTION DETERMINING TO PROCEED TO SUBMIT THE QUESTION
OF THE ISSUANCE OF BONDS OF THE VILLAGE OF DUBLIN FOR THE
PURPOSE Of EXPANDING AND IMPROVING THE MUNICIPAL WATER
DISTRIBUTION SYSTEM; CERTIFYING THE SAME TO THE BOARD
~ OF ELECTIONS OF FRANKLIN COUNTY, OHIO; AND DECLARING
AN EMERGENCY.
WHEREAS, this Council on the 6th d.y of July, 1976 duly
.dopt.d R..olution 38-76 providing for the .ub.i..ion
to the .I.ctor. of the Vi II.ge of the qu..tion of i..-
uing $ 446,000.00 of bond. in .nticipation of the coll-
.ction of .peci.1 ........nt. for the purpo.. of exp-
ending end iMProving the .unicip.1 w.t.r distribution
.y.t.. by the .ccqui.ition of r..1 ..t.t. or ......nt.
or oth.r int.r..t. in re.1 ..t.t., end the con.truction I
of w.ter lin.. end eppurt.n.nc.. end of I.vying e tax I
to provide for th.ir pey..nt .t the r.gul.r gen.r.1
.I.ction t. be held on the 2nd d.y of Nov..b.r, 1976;
.nd
WHEREAS, the Auditor of Fr.nklin County h.. c.rtified
to this Council thet the .v.r.ge .nnu.1 I.vy throughout
the lif. of .uch bond. which would b. requi~.d to pay
the int.r..t on .nd to r.t ire the .... ...u.ing they
er. e' I i..u.d in on. ..ri.. .nd th.t the .-.unt of
the t.x list of the Vill.g. re..in. throughout the
life of the bond. the .... .. the tax I i.t for the
~ curr.nt y..r, i. .88 .ill. for ..ch doll.~tof tax
.v.lu.tion, which ..ount. to .iaht .nd .iaht-t.nth.
c.nt. for ..ch one hundr.d doller. of taxabl. .v.l-
u.tion.
NOW, THEREFORE, BE IT RESOLVED by the Council of the
Vill.g. of Dublin, St.t. of Ohio,~of the ...bar.
.I.ct.d ther.to concurring:
SECTION I. Th.t this Council her.by det.r.in.. to
proc..d with the i..u.nc. of I-id~:bond. .nd the CI.rk
of Counc i I i. her.by dir.eted to e.rtifyto the Board
of EI.etion. of Fr.nklin County, Ohio, R..olution 38-76
the .for...id e.11 in. for .uch .I.ction together with
. copy of this R..olution, the ..ount of the .ver...
.nnu.1 t.x I.vy .. ..ti..t.d by the County Auditor,
...d the ..xi... nueer of y..r. to r.tir. ..id bond.
n...ly 20 ye.r., to give notic. of ..id .I.ction, .nd
to prep.re the n.c....ry b.llot. .nd .uppli.. th.r.for.
I
SECTION 2. Thi. R..olution i. h.r.by decl.r.d to be .n
...rgency ....ur. n.c....ry for the pr.serv.tion .f the
(j public pe.c., h..lth .nd ..f.ty .f the Vill.ge .nd it.
inh.bit.nt. end for the further r...on th.t this R..ol-
ution ...t be c.rtifi.d to the Bo.rd .f EI.ction. of
Fr.nklin County, Ohio, Oft or before August 4, 1976,
.nd th.r.for., this R..olution .h.11 t.k. .ff.ct .nd
be in forc. i_di.t.ly upon it. p....~. ~
P....d th i ~d.y of Avr;."~7 , 1976
Pr.. i dent Pr.
70.
Meyor- pr..idin offic.r
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CI.rk-Tr...ur.r