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O-69-51I ORDINANCE NO. 0 -69- 51 AN ORDINANCE PROVIDING FOR BORROWING MONEY AND ISSUING BONDS OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, TO THE AMOUNT OF $12035,000 FOR THE PURPOSE OF PAYING THE COST OF ACQUIRING A LIBRARY SITE AND ERECTING A LIBRARY BUILDING THEREON IN SAID VILLAGE AND. PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST OF SAID BONDS. WHEREAS, the Board of Library Directors of :.the Village of Deerfield, Lake and Cook Counties, Illinois, heretof6re in all respects as provided by law, did adopt a resolution approving plans and estimate of cost for acquiring a library site and.erecting a new building thereon in and for said Village to be used for a library and a properly certified copy of such resolution as passed by the Board of Library Directors was duly filed with the Clerk of the Village of Deerfield; and . WHEREAS, the President and Board of Trustees has heretofore approved said resolution, and did in manner and form provided by law find and determine that it was in the best interests of said Village that such a library building be erected, and that money be borrowed and bonds of the Village be issued in evidence thereof; and WHEREAS, the President and Board of Trustees did by an ordinance adopted on October 20, 1969, provide for-the calling of a special election to be held in and for said Village on November 22, 1969, at which election there was submitted to the voters of said Village the following proposition: Shall bonds in the amount of $1,035,000 payable over a term not to exceed 20 years and bearing interest at a rate not to exceed 6% be issued by the Village of Deerfield, Lake and Cook Counties, Illinois for the purpose of paying the cost of acquiring a library site and erecting a library building thereon? and WHEREAS, the President and Board of Trustees did cause proper notice of said election to be given by publishing notice thereof once in the Deerfield Review, being a newspaper having a general circulation within said Village, said publication of said notice being made not more than thirty (30) days nor less than fifteen (15) days prior to the date of said election, all as evidenced by a certificate of publication now on file with the Clerk of said Village and a part of the permanent records of said Village, which said notice as so published did specify the places where such election was to be held, the time of opening and closing the polls and the question to be voted upon; and WHEREAS, the President and Board of Trustees by proper proceedings adopted and spread upon its records, found that all legal requirements in connection with said election were duly complied with and that a majority of the electors of said Village voting at said election on said question above referred to voted in favor thereof. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, AS FOLLOWS: SECTION That it be and it is hereby found and determined ONE: that the President and Board of Trustees of the Village of Deerfield have been authorized by a majority of the electors of said Village voting on the question at an election duly called, noticed, held and canvassed for that purpose to issue bonds of said Village in the amount of $1,035,000 for the purpose of paying the cost of acquiring a library site and erecting a library building thereon in and for said Village. SECTION That in order to raise the sum of $1,035,000 TWO: needed for the purpose aforesaid, there be borrowed by, for and on behalf of the Village of Deerfield, Lake and Cook Counties, Illinois, the sum of $1,035,000 and to evidence said loan negotiable coupon bonds of said Village be issued. Said bonds shall each be designated "Public Library Bond ", be dated December 1, 1969, be numbered consecutively from 1 to 207 inclusive, of the denomination of $5,000 each, bear interest from date until paid at the rate of six per cent (6 %) per annum, and become due serially on December 1 of the years in the amounts as follows: Year Principal Amount 1971 $85,000 1972 100,000 1973 125,000 1974 150,000 1975 175,000 1976 2001000 1977 200,000 - 2 - Interest on said bonds shall be payable on December 1, 1970 and semi - annually thereafter on the first days of June and December in each year, which said interest payments to date of maturity of principal shall be evidenced by proper interest coupons attached to each bond and maturing on the dates herein provided, and both principal and interest shall be payable in lawful money of the United States of America at such bank or trust company to be hereafter designated by resolution adopted by the President and Board of Trustees. The seal of said Village shall be affixed to each of said bonds and said bonds shall be signed by the President and be attested by the Clerk of said Village, and said coupons shall be signed and attested by said officials, respectively, by their respective facsimile signatures, and said officials, by the execution of said bonds, shall adopt as and for their own proper signatures their respective facsimile signatures appearini on said coupons. SECTION That the bonds hereby authorized shall be payable THREE: to bearer; provided, however, that such bonds may be subject to registration as to principal in the name of the holder on the books of the Treasurer of said Village, such registration to be evidenced by notation of said Treasurer upon the back of such bonds so registered. No bond registered shall be subject to transfer except upon such books and similarly noted on the back thereof unless the laat registration shall have been to bearer. Such registration of any of said bonds shall not, however, affect the negotiability of the coupons attached to said bonds, but such coupons shall continue transferable by delivery merely. SECTION That each of said bonds and the interest coupons FOUR: to be thereto attached shall be in substantially the following form: (Form of Bond) UNITED STATES OF AMERICA STATE OF ILLINOIS LAKE AND COOK COUNTIES VILLAGE OF DEERFIELD PUBLIC LIBRARY BOND Number $5,000 KNOW ALL MEN BY THESE PRESENTS, that the Village of Deerfield, Lake and Cook Counties, Illinois, hereby acknowledges itself to owe, and for value received, promises to pay to bearer, or if this bond be registered, then to the registered holder hereof, the sum of FIVE THOUSAND DOLLARS ($5,000) on the first day of December, 19_, together with interest on said sum from the date hereof until - 3 - paid at the rate of six per cent (6%) per annum, payable on December 1, 1970 and semi - annually thereafter on the first days of June and December in each year, and until maturity, upon presentation and surrender of the respective interest coupons hereto attached as they severally become due and payable. Both principal and interest are hereby made payable in lawful money of the United States of America at For the prompt payment of this bond, both principal and interest, as aforesaid, at maturity, and the levy of taxes sufficient for that purpose, the full faith, credit and resources of said Village are hereby irrevocably pledged. This bond is issued by said Village for the purpose of paying part of the cost of acquiring a library site and erecting a new building thereon in and for said Village to be used for a library, pursuant to and in all respects in compliance with the provisions of An Act of the General Assembly entitled, "AN ACT in relation to free public libraries for cities, villages, incorporated towns and townships and to repeal Acts and parts of Acts therein named ", approved July 12, 1965, and the "Illinois Municipal Code ", approved May 29, 1961, and all acts amendatory thereof and supplementary thereto, and is authorized by a majority of the electors of said Village voting upon the question at an election duly called, noticed, held and canvassed for that purpose in said Village and in compliance with an ordinance duly passed by the President and Board of Trustees of said Village, approved by the President of said Village, and published, in all respects as by law required. It is hereby certified and recited that all acts, conditions and things required by the Constitution and laws of the State of Illinois to exist or to be done, precedent to and in the issuance of this bond, have existed and have been properly done, happened, and Oeen performed in regular and due form and time as required by law; that the indebtedness of said Village of Deerfield, represented by this bond and the issue of which it forms a part, and including all other indebtedness of said Village, howsoever evidenced and incurred, does not exceed any constitutional or statutory limitation, and that provision has been made for the collection of a direct annual tax, in addition to all other taxes, on all of the taxable property in said Village sufficient to pay the interest hereon as the same falls due and also to pay and discharge the principal hereof at maturity. This bond is subject to registration as to principal in the name of the holder on the books of the Village Treasurer, such registration to be evidenced by notation of such Treasurer on the back hereof, except upon such books and similarly noted hereon, shall be valid unless the last registration shall have been to bearer. Registration hereof shall not affect the negotiability of the coupons hereto attached which shall continue negotiable by delivery merely, notwithstanding registration hereof. - 4 - I I IN WITNESS WHEREOF, said Village of Deerfield, Lake and Cook Counties, Illinois, by its President and Board of Trustees, has caused its corporate seal to be hereunto affixed and,this bond to be signed by the President e.f said Village and attested by its Village Clerk, and the coupons hereto attached to be signed and attested by said officials, respectively, by their facsimile signatures, and said officials do, by the execution hereof, adopt as and for their own proper signatures their respective facsimile signatures appearing on said coupons, all as of the first day of December, 1969. Attest: Village Clerk Number VILLAGE OF DEERFIELD By President (Form of Coupon) H On the first day of , 19_, the Village of Deerfield, Lake and Cook Counties, Illinois, will pay to bearer Dollars ($ ) in lawful money of the United States of America at for interest due that day on its Public Library Bond, dated December 1, 1969, Number Attest: Village Clerk President (Form for registration as to principal) - 5 - 1 Date of Registration Name of Registered Owner Signature of Village Treasurer SECTION That for the purpose of providing the funds FIVE: required to pay the interest on said bonds promptly when and as the same falls due, and to pay and discharge the principal thereof at maturity, there be and there is hereby levied upon all of the taxable property within said Village, in each year while any of said bonds are outstanding, a direct annual tax sufficient for that purpose, and that there be and there is hereby levied on all of the taxable property in said Village, in addition to all other taxes, the following direct annual tax, to -wit: For the Year A Tax Sufficient to Produce the Sum of 1969 $93,150.00 for principal and interest up to June 1, 1971 1970 $1449550 for principal and interest 1971 $1541000 for principal and interest 1972 $172,250 for principal and interest 1973 $189,000 for principal and interest 1974 $204,250 for principal and interest 1975 $218,000 for principal and interest 1976 $206,000 for principal and interest That interest or principal coming due at any time when there are insufficient funds on hand to pay the same be paid promptly when due from current funds on hand in advancement of the collection of said taxes herein levied, and when said taxes shall have been collected, reimbursement shall be made to the said funds in the amounts thus advanced. SECTION That forthwith as soon as this ordinance becomes SIX: effective, a copy hereof, certified by the Clerk of said Village, which certificate shall recite that this ordinance has been passed by the President and Board of Trustees of said Village, approved by the President, and published, shall be filed with the County Clerks of Lake and Cook Counties, Illinois, who shall in and for each of the years 1969 to 1976, inclusive, ascertain the rate per cent required to produce the aggregate tax hereinbefore provided to be levied in each of said years, respectively, and extend the same for collection on the tax books in connection with - 6 - other taxes levied in each of said years, respectively, in and by said Village for general corporate purposes of said Village, and in each of said years such annual tax shall be levied and collected by said Village in like manner as taxes for general corporate purposes of said Village, and in each of said years such annual tax shall be levied and collected by said Village in like manner as taxes for general corporate purposes for each of said years are levied and collected, and when collected such taxes shall be used solely for the purpose of paying principal and interest upon the bonds herein authorized when same mature. SECTION That the funds derived from the taxes herein SEVEN: levied be and the same are hereby appropriated and set aside for the sole and only purpose of paying principal of and interest on said bonds when and as same become due. That the funds derived from the sale of said bonds be and they are hereby appropriated and set aside for the purpose hereinbefore set out. SECTION That forthwith after this ordinance has become EIGHT: effective as provided by law, the bonds herein authorized shall be offered for sale in such manner as determined by the President and Board of Trustees, and sale of said bonds shall be confirmed by resolution to be hereafter adopted. Therefore, said bonds shall be executed and delivered to the Treasurer of said Village and be by him delivered to purchaser thereof, upon receipt of the purchase price therefor, the same to be not less than the par value of said bonds, plus accrued interest to date of delivery. SECTION That all ordinances, resolutions and orders, or NINE: parts thereof, in conflict herewith, be and the same are hereby repealed, and this ordinance shall be in full force and effect upon its passage and publication as provided by law. AYES: SIX (6) NAYS: NONE (0) ABSENT: ONE ( 1 ) - President PASSED this 22nd day of December , A.D. , 1969 APPROVED this 22nd day of December , A.D., 1969 ATTEST: 76 - c_c L Village Clerk Village President pro to - 7 - RECEIPT FOR CERTIFIED MAIL -30¢ ,;:Zr S ,TO POSTMARK v ��"] �/ S , /� OR DATE EET AND N0. C) (o STATE, AND IP CODE ^ �- EXTRA S ICES FOR ADDITIONAL FEES Rsturn Re Pt Deliver to Shows to who Shows to whom, Addressee Only and date date, and where O elivered delivered ❑ 50¢ fee �• Z M fee ❑ 35¢ fee POD Form 3800 NO INSURANCE COVERAGE PROVIDED— (See other side) Mar. 1966 NOT FOR INTERNATIONAL MAIL INSTRUCTIONS TO DELIVERING EMPLOYEE ❑Show to whom, date, and Deliver ONLY address where delivered ❑ to addressee (Additional charges required for these services) RECEIPT _ Received the numbered article described below. _ REGISTERED N0. SIGNATURE OR NAME OF ADDRESSEE (Afustalwaysbctita) CERTIFIED N0. #T '0 A6D '9 ENfi, INSURED N0. L'�c�' 2 9 1969 DATE DELIVERED SHO ' WHERE DELIVEREf D (onlyi/regnested) G // 05 10 7134810 OPo n a N Do M E D 0 o. POST OFFICE DEPARTMENT INSTRUCTIONS: Show name and address below and complete instructions on other side, where applicable. Moisten gummed ends, attach and hold firmly to back of article. Print on front of article RETURN RECEIPT REQUESTED. NAME OF SENDER III LLAGE STREET AND NO. OR P.O. BOX 850 WAUKEGAN RO POST OFFICE, STATE, AND ZIP CODE DEERFIELD 111 ELF E 1 MM is 1i s RETURN TO am ERK ILLINOIS ORDINANCE NO. 0 -69- 51 AN ORDINANCE PROVIDING FOR BORROWING MONEY AND ISSUING BONDS OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, TO THE AMOUNT OF $1,035,000 FOR THE PURPOSE OF PAYING THE COST OF ACQUIRING A LIBRARY SITE AND ERECTING A LIBRARY BUILDING THEREON IN SAID VILLAGE AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST OF SAID BONDS. WHEREAS, the Board of Library Directors of'the Village of Deerfield, Lake and Cook Counties, Illinois, heretofore in all respects as provided by law, did adopt a resolution approving plans and estimate of cost for acquiring a library site and erecting; a new building thereon in and for said Village to be used for a library and a properly certified copy of such resolution as passed by the Board of Library Directors was duly filed with the Clerk of the Village of Deerfield; and WHEREAS) the President and Board of Trustees has heretofore approved said resolution, and did in manner and form provided by law find and determine that it was in the best interests of said Village that such a library building be erected, and that money be borrowed and bonds of the Village be issued in evidence thereof; and WHEREAS, the President and Board of Trustees did by an ordinance adopted on October 20, 1969, provide for the calling of a special election to be held in and for said Village on November 22, 1969, at which election there was submitted to the voters of said Village the following proposition: Shall bonds in the amount of $1,035,000 payable over • term not to exceed 20 years and bearing interest at • rate not to exceed 6% be issued by the Village of Deerfield, Lake and Cook Counties, Illinois for the purpose of paying the cost of acquiring a library site and erecting a library building thereon? and WHEREAS, the President and Board of Trustees did cause proper notice of said election to be given by publishing notice thereof once in the Deerfield Review, being a newspaper having a general circulation within said Village, said publication of said notice being made not more than thirty (30) days nor less than fifteen (15) days.prior to the date of said election, all as evidenced by a certificate of publication now on file with the Clerk of said Village and a part of the permanent records of said Village, which said notice as so published did specify the places where such election was to be held, the time of opening and closing the polls and the question to be voted upon; and WHEREAS, the President and Board of Trustees ,by proper proceedings adopted and spread upon its records, found that all legal requirements in connection with said election were duly complied with and that a majority of the electors of said Village voting at said election on said question above referred to voted in favor thereof. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, AS FOLLOWS: SECTION That it be and it is hereby found and determined ONE: that the President and Board of Trustees of the Village of Deerfield have been authorized by a majority of the electors of said Village voting on the question at an election duly called, noticed, held and canvassed for that purpose to issue bonds of said Village in the amount of $1,035,000 for the purpose of paying the cost of acquiring a library site and erecting a library building thereon in and for said Village. SECTION That in order to raise.the sum of $1,035,000 TWO: needed for the purpose aforesaid, there be borrowed by, for and on behalf of the Village of Deerfield, Lake,and Cook Counties, Illinois, the sum of $1,035,000 and to evidence said loan negotiable coupon bonds of said Village be issued. Said bonds shall each be designated "Public Library Bond ", be dated December 1, 1969, be numbered consecutively from 1 to 207 inclusive, of the denomination of $5,000 each, bear interest from date until paid at the rate of six per cent (6 %) per annum, and become due serially on December 1 of the years in the amounts as follows: Year Principal.Amount 1971 $85,000 1972 100,000 1973 125,000 1974 150,000 1975 175,000 1976 200,000 1977 200,000 - 2 - Interest on said bonds shall be payable on December 1, 1970 and semi - annually thereafter on the first days of June and December in each year, which said interest payments to date of maturity of principal shall be evidenced by proper interest coupons attached to each bond and maturing on the.dates.herein provided, and both principal and interest shall be payable in lawful money of the .United States of America at such bank or trust company to be hereafter designated'_ by resolution adopted by the President and Board of Trustees. The seal of said Village shall be affixed to each of said bonds and said bonds shall be signed by the President and be attested by the Clerk of said Village, and said coupons shall be signed and attested by said officials, respectively, by their respective facsimile signatures, and said officials, by the execution of said bonds, shall adopt as and for their own proper signatures their respective facsimile signatures appearinE on said coupons. SECTION That the bonds hereby authorized shall be payable THREE: to bearer; provided, however, that such bonds may be subject to registration as to principal in the name of the holder on the books of the Treasurer of said Village, such registration to be evidenced by notation of said Treasurer upon the back of such bonds so registered. No bond registered shall be subject to transfer except upon such books and similarly noted on the back thereof unless the last registration shall have been to bearer. Such registration of any of said bonds shall not, however, affect the negotiability of the coupons attached to said bonds, but such coupons -shall continue transferable by delivery merely. SECTION That each of said bonds and the interest coupons FOUR: to be thereto attached shall be in substantially the following form: (Form of Bond) UNITED STATES OF AMERICA STATE OF ILLINOIS LAKE AND COOK COUNTIES VILLAGE OF DEERFIELD PUBLIC LIBRARY BOND Number $5,000 KNOW ALL MEN BY THESE PRESENTS, that the Village of Deerfield, Lake and Cook Counties, Illinois, hereby acknowledges itself to owe, and for value received, promises to pay to bearer, or if this bond be registered, then to the registered holder hereof, the sum of FIVE THOUSAND DOLLARS ($5,000) on the first day of December, 19_, together with interest on said sum from the date hereof until 3- paid at the rate of six per cent (6%) per annum, payable on December 1, 1970 and semi - annually thereafter on the first days of June and December in each year, and until maturity, upon presentation and surrender of the respective interest coupons hereto attached as they severally become due and payable. Both principal.and interest are hereby made payable in lawful money of the United-States of America at For the prompt payment of this bond, both principal and interest, as aforesaid, at maturity, and the levy of taxes sufficient for that purpose, the full faith, credit and resources of said Village are hereby irrevocably pledged. This bond is issued by said Village for the purpose of paying part of the cost of acquiring a library site and erecting a new building thereon in and for said Village to be used for a library, pursuant to and in all respects in compliance with the provisions of An Act of the General Assembly entitled, "AN ACT in relation to free public libraries for cities, villages, incorporated towns and townships and to repeal Acts and parts of Acts therein named ", approved July 12, 1965, and the "Illinois Municipal Code ", approved May 29, 1961, and all acts amendatory thereof and supplementary thereto, and is authorized by a majority of the electors of said Village voting upon the question at an election duly called, noticed, held and canvassed for that purpose in said Village and in compliance with an ordinance duly passed by the President and Board of Trustees of said Village, approved by the President of said Village, and published, in all respects as by law required. It is hereby certified and recited that all acts, conditions and things required by the Constitution and laws of the State of Illinois, to exist or to be done, precedent to and in the issuance of this bond, have existed and have been properly done, happened, and teen performed in regular and due form and time as required by law; that the indebtedness of said Village of Deerfield, represented by this bond and the issue of which it forms a part, and including all other indebtedness of said Village, howsoever evidenced and incurred, does not exceed any constitutional or statutory limitation, and that provision has been made for the collection of a direct annual tax, in addition to all other taxes, on all of the taxable property in said Village sufficient to pay the interest hereon as the same falls due and also to pay and discharge the principal hereof at maturity. This bond is subject to registration as to principal in the name of the holder on the books of the Village Treasurer, such registration to be evidenced by notation of such Treasurer on the back hereof, except upon such books and similarly noted hereon, shall be valid unless the last registration shall have been to bearer. Registration hereof shall not affect the negotiability of the coupons hereto attached which shall continue negotiable by delivery merely, notwithstanding registration hereof. - 4 IN WITNESS WHEREOF, said Village of Deerfield, Lake and Cook Counties, Illinois, by its President and Board of Trustees, has caused its corporate seal to be hereunto affixed and this bond to be signed by the President of said Village and attested by its Village Clerk, and the coupons hereto attached to be signed and attested by said officials, respectively, by their facsimile signatures, and said officials do, by the execution hereof, adopt as and for their own proper signatures their respective facsimile signatures appearing on said coupons, all as of the first day of December, 1969• Attest: Village Clerk Number VILLAGE OF DEERFIELD By President (Form of Coupon) On the first day of 1, 19_, the Village of Deerfield, Lake and Cook Counties, Illinois, will pay to bearer Dollars ($ ) in lawful money of the United States of America at for interest due that day on its Public Library Bond, dated December 1, 1969, Number Attest: Village Clerk President (Form for registration as to principal) _ 5 _ r � o 0 J Date of Registration Name of Registered Owner Signature of Village Treasurer SECTION That for the purpose of providing the funds FIVE: required to pay the interest on said bonds promptly when and as the same falls due, and to pay and discharge the principal thereof at maturity, there be and there is hereby levied upon all of the taxable property within said Village, in each.year while any of said bonds are outstanding, a direct annual tax sufficient for that purpose, and that there be and there is hereby levied on all of the taxable property in said Village, in addition to all other taxes, the following direct annual tax, to -wit: For the Year A Tax Sufficient to Produce the Sum of 1969 $93,150.00 for principal and interest up to June 1, 1971 1970 $144,550 for principal and interest 1971 $1541000 for principal and interest 1972 $1722250 for principal and interest 1973 $189,000 for principal and interest 1974 $201 4,250 for principal and interest 1975 $2181V000 for principal and interest 1976 $206,000 for principal and interest That interest or principal coming due at any time when there are insufficient funds on hand to pay the same be paid promptly when due from current funds on hand in advancement of the collection of said taxes herein levied, and when said taxes shall have been collected, reimbursement shall be made to the said funds in the amounts thus advanced. SECTION That forthwith as soon as this ordinance becomes SIX: effective, a copy hereof, certified by the Clerk of said Village, which certificate shall recite that this ordinance has been passed by the President and Board of Trustees of said Village, approved by the President, and published, shall be filed with the County Clerks of Lake and Cook Counties, Illinois, who shall in and for each of the years 1969 to 1976, inclusive, ascertain the rate per cent required to produce the aggregate tax hereinbefore provided to be levied in each of said years, respectively, and extend the same for collection on the tax books in connection with - 6 - qA t. u other taxes levied in each of said years, respectively, in and by said Village for general corporate purposes of said Village, and in each of said years such annual tax shall be levied and collected by said Village in like manner as taxes for general corporate purposes of said Village, and in each of said years such annual tax shall be levied and collected by said Village in like manner as taxes for general corporate purposes for each of said years are levied and collected, and when collected such taxes shall be used solely for the purpose of paying principal and interest upon the bonds herein authorized when same mature. SECTION That the funds derived from the taxes herein SEVEN: levied be and the same are hereby appropriated and set aside for the sole and only purpose of paying principal of and interest on said bonds when and as same become due. That the funds derived from the sale of said bonds be and they are hereby appropriated and set aside for the purpose hereinbefore set out. SECTION That forthwith after this ordinance has become EIGHT: effective as provided by law, the bonds herein authorized shall be offered for sale in such manner as determined by the President and Board of Trustees, and sale of said bonds shall be confirmed by resolution to be hereafter adopted. Therefore, said bonds shall be executed and delivered to the Treasurer of said Village and be by him delivered to purchaser thereof, upon receipt of the purchase price therefor, the same to be not less than the par value of said bonds, plus accrued interest to date of delivery. SECTION That all ordinances, resolutions and orders, or NINE: parts thereof, in conflict herewith, be and the same are hereby repealed, and this ordinance shall be in full force and effect upon its passage and publication as provided by law. AYES: S I X (6) NAYS: NONE (0) ABSENT: ONE ( 1 ) - President PASSED this 22nd day of December , A.D. , 1969 APPROVED this 22nd day of .December , A.D. , 1969 f, VP A � L-a Village President pro to ATTEST: Village Clerk - 7 - r ,t' Or rumd"Is ; It CATMIM B. FRICUt VUISSe CleIrk Of tiro villeae of .: 1, Tbtt tho foregoing is a copy of as ordimaaee aimbered 0 -69 -51 eatitled, "An ordicauze rrovLdlag for Bomwiing Nvaay and Issuing Bonds of tke Vi llago Cf DOarfilold, Leke and Cook Comtiao, Illinois, to the Actouat ®f $100359000 for the purpose of Paying the Cost of Acquiring az Library site and Zrecting c Library Building Thereca Lim said Village and Pr *vidina for the Lavy ;cued Collectioa of a Dircet Annual Tag for the pay=-at of the Principal and Interest of said amdo,94 which Ordlaauce was pawed by the board of Trusteed of tha vi lloa s of Doerfiold of a special ocetin g 0Z said Board duly called and hold on the 22nd day of Decezber, 1969, at which meotinZ a quorum wan prey t. rue origin,01 of said Ordicauco is entrUsted to ce as Clark of t:he Village of Deerfiiald, Illinois, for ®y 0cfetwep s and I am the Zcwful kacper end cuatodSlan thereof. bnad and the seal of tae scid MUS0 this 24th doer , of Doccober, 1969. i y villose Clerk � - gillego of Deerfield, nuncio i S E L 0 N ROAD Windsor 5 -5000 ILLINOIS DEERFIELD, ILLINOIS 60015 December 24, 1969 County Clerk of Lake County County Building Waukegan, Illinois Attention: Mr. Worth, Tax Extension Department Dear Sir: Enclosed is a certified copy of the ordinance providing for the issuance of $1,035,000 bonds of the Village of Deerfield for the acquisition of a site and erection of a library building, and the levy of a tax for the payment of the principal and interest on the said bonds. 1 A merry Christmas and a happy and prosperous New Year, and my sincere thanks to you for your courteous and helpful cooperation. Sincerely, Catherine B. Price Village Clark PEER PEDERSEN RICHARD V. HOUPT GEORGE L. PLUMB JAMES K. STUCKO PETER O'CONNELL KELLY THOMAS J. KELLY DAVID C. NEWMAN DENNIS J. ESLICK HERBERT J. LINN I LAW OFFICES PEDERSEN & HoUPT 13S SOUTH LA SALLE STREET CHICAGO, ILLINOIS 60603 Mrs. Catherine B. Price Village Clerk Village of Deerfield Deerfield, Illinois December 23, 1969 Re: Deerfield Library Bond Issue Dear Mrs. Price: Enclosed herein please find 3 Certificates, one County and 2 for Cook County, pertaining to the of Ordinance No. 0 -69 -51 at the special meeting Board of Trustees on December 22, 1969. AREA CODE 312 RANDOLPH 6-3471 for Lake passage of the Would you please execute all 3 Certificates,, attach them to copies of said Ordinance 0- 69 -51, and forward the copy intended for Lake County to the Lake County Clerk for publication and return the 2 copies intended for Cook County to us. We, in turn, will forward one certified copy to the Cook County Clerk for publication and will forward the other certified copy to Chapman & Cutler for their files. Very truly yours a DCN /sb Enclosures OVER SIZE DOCUMENT (PULLED FROM THIS LOCATION) 2—LIBRARY ORDINANCE .... It is hereby certified and recited that all, acts, conditions and things required by the; Constitution and laws of the State of Illi= nois, to exist or to be done, precedent to arxi In the issuance of this bond, have ex- fisted and have been properly done, happen. ed, and been performed in regular and due form and time as required by law; that the Indebtedness of said Village of Deerfield, re- rented by this bond and the issue of which it forms a part, and including all other in- debtedness of said Village, howsoever evi- denced and incurred, does not exceed any constitutional or statutory limitation, and that provision bas been made for the dolled- tion of a direct annual tax, in addition to all other taxes, on all of the taxable prop- erty in said Village sufficient to pay the interest hereon as the same falls due and also to pay and discharge the principal hereof at maturity. This bond is subject to registration as to, principal in the name of the holder on the books of the Village Treasurer, such regis- tration to be evidenced by notation of such Treasurer on the back hereof, except upon such books and similarly noted hereon, shall be valid unless the last registration shall have been to bearer. Registration hereof shall not affect the negotiability of the coupons hereto attached which shall co= tine no *otiable by delivery merely, not withstanding registration hereof. IN WITNESS WHEREOF, said Village of Deerfield, Lake and Cook Counties, Ill4. nols, by its President and Board of Trustees, has caused its corporate seal to be hereunto affixed and this bond to be signed by the ,-resident of said Village and attested by its Village Clerk, and the coupons hereto attached to be signed and attested by said officials, respectively, by their :facsimile sig- natures, and said officials do, by the exe- qution hereof, adopt as and for their own proper signatures their respective facsimile signatures appearing on said coupons, all as of the first day of December, 1969. VILLAGE OF DEERFIELD By............................... ............................... President Attests ... V :Uage Clerk (Form of Coupon) Number .. $ On the first day of . .. 19.....:, the Village of Deerfield Lake and Cook Counties, Illinois, will pay to bearer ......: .............. Dollars ($............) in lawful money of the United States of America at for interest due that day on its Public Li- brary Bond, dated December 1, 1964, Num- her. President Attest: Village Clerk _. -(Form for registration as to principal) Daft of S r Re a n Registered owner iii ...... ...................... . . SECTION FIVE: That for the purpose of providing the funds required to pay the interest on said bonds promptly when and as the same falls due, and to pay and dis- ehatp the principal thereof at maturity, there be and there is hereby levied upon all of the taxable property within said V11- lase, in each year while any of said bonds are outstanding, a direct annual tax:suff. cient for that purpose, and that there be -and there is hereby levied on ail of the tax- able property in said Village, in addition to aft other taxes, the- following direct annual tax, to -wit: A Tam Sufficient to For the Year Produce the Sum of 1969 $93,150.00 for principal and interest up to June, 1971 1970 $144,550 for principal and interest 1971 $154,000 for principal and interest 1972 $172,250 for principal and interest 1973 $189,000 for principal and interest 1974 $204,250 for principal and interest 1975 $218,000 for principal'and interest 1976 $206,OW for principal and interest That interest or principal coming due at any time when - there are insufficient funds on hand to pay the same be paid promptly whets due front current funds:- on hand in aftanoement of the collection of said tames herein levied, and when said tortes shall have been collected, reimbursement stall be made said, funds in the amounts thus'ad4 SECTION SM lWat forthwith, as soon =Aar this ordinanco becomes effective, a copy hereof, -certified by the Clark of said Vw lam, which certificate shall "recite that this ordhiance has been .passed by the President =4 Board of Trustees of said Village, ap• proved by the President, and published, shall be filed with the County Clerk's of Lake and Cook Counties, Illinois, who shall in-and for each of the' years 1969 to 1976, Inclusive, , ascertain the rate per cent re- quired to produce the aggregate tax bere- inbefore provided to be levied in each of said years, respectively, and extend the same for collection on the tax books in con- nection with other taxes levied in each of said years, respectively, in and by said Vil- lage for general corporate purposes of said Village, and in each of said years such an- nual tax shall be levied and collected by said Village in like manner as taxes for general corporate purposes of said Village, and in each of said years such annual tax shall be levied and collected by said Vil- lage in like manner as taxes for general corporate purposes for each of said years are levied and collected, and when col- lected such taxes shall be used solely for the purpose of paying principal and interest upon the bonds herein authorized when same mature. SECTION SEVENt That the funds de- rived from the taxes herein levied be and the same are hereby appropriated and set aside for the sole and only purpose of pay. iog prineip of and interest on said bonds ivhenas same become due. That the feeds ,rived from the sale of said bonds be and they are hereby appropriated and set aside for the purpose hereinbefore set out. SECTION EIGHT: That forthwith after this ordinance has become effective as pro- vided by law, the bonds herein authorized shall be offered for sale in such manner as determi —VA by the President and Board of ' TTntstees, and sale of said bonds shall be confirmed �y resolution to be hereafter adopted. TNereforc, said bonds shall be executed and, delivered to the Treasurer of said Village and be by him delivered to purchaser thereof, upon receipt of the pur- chase price therefor, the same to be not less than the par value of said bonds, plus accrued interest to date of delivery. SECTION NINE: That all ordinances, resolutions and orders, or parts thereof, in conflict herewith, be and the saute are hereby repealed, and this ordinance shall be in full force and effect upon its passage and Publication as provided by law. AYES: SIX (6) NAYS: NONE (0) ABSENT; ONE fl}-- President PASSED this 22nd day of December, A.D., APPROVED this 22nd day of December, A.D., 1969 CHARLES R. BOOTZ ATTEST: Village President pro tee Catherine B. Price Village Clerk. M p Y t —LIBI1 RY ORDINANCE .... _.. -,. ORDINANCE NO. 8-0-51 AN ORDINANCE PROVIDING FOR ,orb Vi M. villa C VA ,LRGGAAIGIU,. Iax. - -Wou Coon Counties, ilinois, heretofore in all respects as provided by law, did adopt 'a' resolution approving plans and estimate of cost for acgtur tg a library site and erecting a new building thereon in and for said Vil- lage to be used for a library and a properly certified copy of such resolution as passed by the Board of Library Directors was duly filed with the Clerk of the Village of Deer- field and WHEREAS, the President and Board of Trustees has heretofore approved said resolu- tion, and did in manner and form provided by law find and determine that it was in the. teA interests of said Village that such a library building be erected, and that money be borrowed and bonds of the Village be issued in evidence thereof, and WHEREAS, the President and Board of Trustees did by an ordinance adopted on, October 20, 1969, provide for the calling of a special election to be held in and for said Village on November 22, 1969, at which election there was submitted to the voters of said Village the following proposition: Shall bonds in the amount of $1,035,000 payable over a term not to exceed 20 years and bearing interest at a rate not to. exceed 6% be issued by the Village of Deerfield, Lake and Cook Counties, 1111- nois for the purpose of paying the cost of acquiring a library site and erecting a library building thereon? and WHEREAS, the President and Board of Trustees did cause proper notice of said election to be given by publishing notice• thereof once in the Deerfield Review, being a newspaper having a general circulation within said Village, said publication of said notice being made not more than thirty (30) days nor less than fifteen (15) days prior to the date of said election, all as evi- denced by a certificate of publication now on file with the Clerk of said Village and a. part of the permanent records of said Vil- lage, which said notice as so published did specify the places where such election was to be held, the time of opening and closing the polls and the question to be voted upon; and WHEREAS, the President and Board of Trustees by proper proceedings adopted and spread upon its records, found that all legal - requirements in connection with said elec-. tlon were duly complied with and that a majority of the electors of said Village vot- ing at said election on said question above: referred to voted in favor thereof: NOW, THEREFORE, BE IT ORDAIN- ED BY THE PRESIDENT AND BOARD, OF TRUSTEES OF THE VILLAGE OF D E E R F I E L D. LAKE AND COnx SECTION ONE: That it be and it Is: hereby found and determined that the Pres- ident and Board of Trustees of the Village of Deerfield have been authorized by a majority of the electors of said Village vot- ing on the question at an election duly - called, noticed, held and canvassed for that purpose to issue bonds of said Village in the amount of $1,035,000 for the purpose of paying the aost of acquiring a library site. and erecting a library building thereon in and for said Village., SF,CTION TWO: That in order to raise the sum of $1,035,000 needed for the put« pose aforesaid, there be borrowed by, for and on behalf of the Village of Deerfield, Lake and Cook Counties, Illinois the sum of $1,035,000 and to evidence said loan negoti- able coupon bonds of said Village be issued. Said bonds shall each be designated ` Publio Library Bond," be dated December 1, 1969, be numbered consecutively from f to 207 in- clusive, of the denomination of $5,000 each, bear interest from date until paid at the rate of six per cent (6oj„) per annum, and become due serially on December 1 of the years in the amounts as follows: year prinew 5, Amount '1973 ..........,. 1225 ;� 1974 150,000 1975 .. ....... , 175;000 1976 -..... ..1........... 200,000 1971 200,000 Interest on said bonds shalt be payable on December 1, 1970 and semi- annually there- ,after on the first days of June and Decem- ber'in each year, which said .Interest pay -, menfs to date of maturity of principal shalt be evidenced by proper interest coupons at- tached to each bond and maturing on the- dates herein provided, and both principal_ and interest shall be payable in lawful money of the United States of America at such bank or trust company to be here- after designated by resolution adopted by the President and Board of Trustees. The seat of said Village shall be affixed to each of said bands and said bonds shall be signed by the President and be attested by the Clerk of said Village, and said coupons shall be signed and attested by said officials, re- spectively, by their respective facsimile sig- natures, and said officials, by the execution of said bonds, shall adopt as and for their own proper signatures their respective fac. simile signatures appearing on sW coupons. SECTION THREE: That the bonds here- by authorized shall be payable to bearer, Provided, however, that such bonds may be' subject to registration as to principal in the name of the holder on the books of the- Treasurer of said Village, such registration to be evidenced by notation of said Treas- urer upon the back of such bonds so regis- tered. No bond registered shall be subject to transfer except upon such books and sim- ilarly noted on the back thereof unless the last registration shall have been to bearer. Such registration of any of said fronds shall not, however, affect the negotiability of the coupons attached- to said bonds, but such coupons shall continue transferable by deliv- cry merely, - SECTION FOUR. That each of said bonds and the interest coupons to be thereto attached shall be in substantially the fol- lowing form: (Form of Bond) UNITED STATES OF AMERICA STATE OF ILLINOIS LAKE AND COOK COUNTIES VILLAGE OF DEERFIELD PUBLIC LIBRARY BOND Number... ..._... - $5,000 KNOW ALL MEN BY THESE PRE9- ENTS, that the Village of Deerfield, Lake and Cook Counties, Illinois, hereby ae- knowledges itself to owe, and for value received, promises to pay to bearer, or if this bond be registered, then to the reg- istered holder hereof, the sum of FIVE THOUSAND DOLLARS $(5,000) on the first day of December, 19..,.:..., together with interest on said sum from the date hereof until paid at the rate of six per cent (6q,) Per annum, payable on December 1, 1970 and semi - annually thereafter on the first days of June and December in each year, and until maturity, upon presentation and surrender of the respective interest coupons hereto attached as they severally become due and payable. Both al and mad ayablaiiin lawful money are tof the United P, States of America at For the prompt payment of this bond both principal and interest, as aforesaid, at maturity, and 4he levy of taxes sufficient for that purpose, the full faith, credit and resources of said Village are hereby irrev- ocably pledged. This bond is issued by said Village for the purpose of paying part of the cost "of acquiring a library site and erecting a new building thereon In and for said Village to be used for a library, Pursuant to and in all respects in compliance with the provf sions of An Act of the General Assembly entitled, "AN ACT in relation to free pub . he Iibraries for cities, villages, incorporated - towns and townships and to repeat Acts and Parts of Acts therein named," approved July 12, 1%5, and the "Illinois Munioipal. Code," approved May 29, 1961, and an acts amendatory thereof and supplementary thereto, and, is authorized by a majority of the electors of said Village voting upon the question at an election duly called, _ noticed.; held and canvassed for that purpose in said Village and in compliance with an ordin• ante duly Passed by the President and Board Of Trustees of. said Village, approved by the President of said "Grillage, and published, in all respects as by law.: required..