HomeMy WebLinkAboutOrdinance 2571 .� 40C /1
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ORDINANCE NO . o� � ^I
AN ORDINANCE AMENDING SECTION 2 OF ORDINANCE ,�`�Qi' :2566� n
TO AMEND THE MATURITY AND INTEREST PAYMENT DATESi' °!
GENERAL OBLIGATION BONDS PROPOSED TO BE ISSUED
IMPROVEMENTS TO THE FAYETTEVILLE CITY HOSPITAL
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY ON'
FAYETTEVILLE , ARKANSAS :
Section 1 . That. Section 2 of Ordinance No . 2566 is
hereby amended to read as follows :
Section 2 . That the bonds shall be dated January 2 ,
1980 and shall bear interest at the lowest rate or
rates obtainable at public sale , interest shall be
payable semiannually on July 1 and January 1
of each year . The bonds shall mature on January
1 of each year as follows , but shall be callable
for payment prior to maturity upon such terms
as the Board of Directors shall determine and
specify in the Notice of Public Sale of the bonds :
Year AMOUNT
1983 36 , 000
1984 40 , 000
1984 402000
1985 402000
1986 45 , 000
1987 45 , 000
1988 50 , 000
1989 55 , 000
1990 55 , 000
1991 602000
1992 65 , 000
1993 65 , 000
1994 70 , 000
1995 75 , 000
1996 80 , 000
1997 85 , 000
1998 90 , 000
1999 95 , 000
2000 100 , 000
2001 110 , 000
2002 115 , 000
At the discretion of the Board of Directors , the
bonds may be sold and delivered in series as funds are
needed upon such terms and pursuant to such conditions
as the Board of Directors may specify in the ordinance '
authorizing the issuance of a particular series . The
various series may bear interest at different rates ,
MKROF M neo ® i0tJ2 19
DATE____
Section 2 . It is hereby ascertained and declared that
thereis a in mmediate need for improvements to Fayetteville
City Hospital in order to promote and protect the health ,
safety and welfare of the City and its inhabitants , and that
the improvements can be accomplished only by the issuance of
the bonds . It is , therefore , declared that an emergency
exists and that this ordinance is necessary for the immediate
preservation of the public health , safety and welfare , shall
be in force and take effect immediately from and after its
passage .
PASSED AND APPROVED this day of
1979 .
APPROVED :
MAYOR
;',ATTEST.;
U '1 i •n.
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® 002 20
CERTIFICATE OF, RECORD
STATE OF ARKANSAS
WashinUton County SS.
I, Alma L. iio.'hi+vnr, Cir:vit .^.I'rh and Ex-Officio Recorder for
Washington County, do hc-_b . ,`y •jj a +h� ,nn,xzd or fore-
of �rum�nt was filed for rrcaniin ray o,fice on th�day
of 19 at�—.2 e
��cIo=KElfv1, anal the same is
duly recorded in __ rcord IW2-
Witness my hand and eal tl at page,
.day f 19
�rcuit Clerk and
Officio Recorded
By
<<•;.� ., ., DePuty Clerk
STATE of ARKANSAS 1 ,
ORDINA\CENO.n7I I J} as.
AN ORDINANCE AMENDING SECTION S County Of Washington
OF ORDINANCE NO. 7366 TO AMEND Q
THE MATURITY AND INTEREST PAY- �!
r�o�
MENT DATES OF CENERAI. OBLIGA- f' l_s
TION BONDS PROMISED 7'O BE ISSUED VVV ;�
FOR IMPROVEMENTS TO THE FAYET- I, ... ..._._._C ....._.. _.... ._._..__..._... _..., hereby certify that I
eTEVILLE CITY HOSPITAL. am the Publisher of THE NORTHWEST ARKANSAS TIMES, a daily
the
BER ORDAINED RY THE BOARD OF
DIRECTORS OF THE CITY OF FAYET- newspaper having a second class mailing privilege, and being not less than
TEVILLE, ARKANSAS: tour pages of five columns each, published at a fixed place of business and at
Section I That Section x of Ordinance
. No. 7ae6 h hereby amended to and As a fixed (dally ) intervals continuously In the City of Fayetteville, County of
/4lowao the bonds Washington, Arkansas for more than a period of twelve months, circulated
Section 2.1�1Jamury S, 19p farad amu Eear!nnlerate E
and distributed from an established place of business to subscribers and
Use
lowest raw or ratesobtawblestpublic readers p
sale. interest shall be payable semlannwl- generally of all classes in the City & County for a definite rice for
ty on July I and Jam
I of each year. each copy, or a fixed price per annum, which price was fixed at what Is
The bads alull mature on January 1 of
each year as follows, but shall be callable considered the value of the publication, based upon the news value and
far Payment Prior to maturity upon such I service value it contains, that at least lift
Seen
termm a the Board of Directors droll deter- y percent o[ the subscribers
mien am qucRy fn the NoObe a Public thereto have paid cash for their subscriptions to the newspaper or Its agents
Sale often- 4. e.r a<7;.AMOUor through recognized news dealers over a period of at least six months ;
1•..Yaar •va NT :
190 ..�.L , + >.88,0n) and that the said newspaper publishes an average of more than forty percent
' 19g1 IY r .. , x0.000 ,
news matter.
I, • R6 J . 90.000
19869
- 0;000
I further certify that the legal notice hereto attached in the matter of
a000 ;
I989 55.=
not 551010
. 01991 81,0011 r�n n
• IRs 68,009
IWO - WON
1988 70.006 was published in the regular daily issue of said newspaper for......... _..___ _.....
1990 milia ioax'ent+ve Insertiono as follows :
7998 N'ow
1"? 88,000
1998 00'000 I The tire[ insertion on the __..__._ N.oV
I9R 96960101) ............._.. day of _ _ ._ ...... 19----- _9ig00 IN:WQ
2102 no =
sm the second insertion on the --- ---------------.------_ day of ........ 19---_____.._
- •At the discretion of the Board of Dian
fan, the bads my be sold and delivered
In series w buds an needed upon such ; the third insertion on the _---._. --- day of ---------_------ _._______ 19........... .
forma and pursuant to such candidata as
the Board of Directors may specify in lM
ordinaace authorizing the isawtice of a and the fourth Insertion on the ........................ day of ...__—. 19..-_.__.
particular series. The various series
'•
bear Interest at diffmitt rates. r'"s " �• ,'3 - ^1✓+�;
to gecUon 2 It is Mreby ascertained and I
declared that arae is an Immediate need I _ 'e- ..u,%'jj� + {
f-for Improvements to Fayetteville City
Ha�W 1 in order to pramae and protect �
Ne Mahle safety and welfare of the City
and in Inhabitants. and that the her- Sworn to and subscribed before me on this ___lc ..._....... day of
provemmu can M accomplished only by ,
the iavance of the bonds. It is. therefore,
• declared Out an emergency ealsts and that
this ordinance is necessary for the im.. ......._............ ----__----- yv._ 19__
mediate preservation of the public health. I
safety and welfare, Nall M In forte and
take effect immediately from and afar Its
e
PASSED AND APPROVED this 16th day
Notary Public
aria R. Ma1ona. MAYOR '
ATTEST. ' n My Commission Expires:
Angela R. Medlock 3
. •ICI'rY CTE7fK i �/-�/Y_lY•�.�%C j, ( (��
Fees for Printing ........ $..Z. ! J1
Cost of Proof ...._......---- j..........................
• Total ----------------
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