O-60-37�I
O - Gd -37
AN ORDINANCE of the President and
Board _of Trustees of the Village
of Deerfield, Lake and Cook Counties,
Illinois, awarding sale of $125,000
Water Revenue Bonds, Series.of 1960.
WHEREAS, the President and Board of Trustees of the
Village of Deerfield, Illinois, heretofore on February 10, 1960
passed an Ordinance entitled
"AN ORDINANCE creating an issue of
$125,000 Water Revenue Bonds, Series
of 1960, of the Village. of Deerfield,
Lake and Cook Counties, Illinois."
and awarded sale of said bonds to A. C. Allyn and Company, Incor-
porated and Scott & Kegley, Inc. of Chicago, Illinois, to bear
such rate or rates of interest not exceeding Six Per Cent (6 %)
per annum, and to be payable at such paying agent as specified
by the Ordinance providing for delivery of said bonds to said
purchasers in accordance with the contract of purchase of said
purchasers at an interest cost to said Village of less than
Six Per Cent (6 %) per annum; and
WHEREAS, A C. Allyn and Company, Incorporated and
Scott & Kegley, Inc. of Chicago, Illinois are now willing to
accept delivery of said bonds at a price of $122,765.00 in
accordance with their contract of purchase, as aforesaid, and
said President and Board of Trustees determine that it is now
necessary to designate the paying agent for the said bonds and
to specify the rates of interest the said bonds are to bear in
full compliance with the terms and provisions of said Ordinance
adopted on February 10, 1960 authorizing the said bonds, as
aforesaid.
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 1. That said $125,000 Water Revenue Bonds,
Series of 1960, be delivered to A. C. Allyn and Company,
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Incorporated and Scott & Kegley, Inc. of Chicago, Illinois, at a
price of $122,765.00 and accrued interest from November 1, 1960
to the date of delivery and payment thereof, being at an interest
cost to said Village of Deerfield of 4.5299, and that said bonds
shall bear interest as follows:
and the Village Treasurer is hereby authorized and directed to
deliver said bonds to said purchaser against payment therefor in
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accordance with said contract of purchase and the terms of said
Ordinance adopted February 10, 1960, as aforesaid, authorizing the,
issue of said bonds.
Section 2. That the President, Village Clerk, Village
Attorney and Village Treasurer are each hereby authorized,
directed and empowered, without further order of the President
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and Board of Trustees of the Village of Deerfield, to execute
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said $125,000 Water Revenue Bonds, Series of 1960, herein de-
scribed, and to deliver the same in accordance herewith and to
execute and deliver such certificates, agreements and proceedings
as may be necessary or convenient for the delivery of the said
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$125,000 Water Revenue Bonds, Series of 1960, in accordance here
with, and all proceeds received from the delivery and the payment
of the said bonds shall be accounted for and used and held for use.
as recited in said Ordinance adopted February 10, 1960, authorizing
the issue of said $125,000 Water Revenue Bonds, Series of 1960.
Section 3. That interest upon the said $125,000 Water
Revenue Bonds, Series of 1960, at the several rates hereinabove
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Maturity.
Rate of
Maturity
Rate of
Amount
Date
Interest
Amount
Date
Interest
$5,000
1969
4
3/4%
$ 52000
1980
4
$/4%
5,000
1970
4
3/4%
5,000
1981
4
3/4%
5, 000
1971
4
3/49
5, 000
1982
4
1/4%
5,000
1972
4
3/4%
5,000
1983
4
1/4%
5,000
1973
4
3/4%
5,000
1984
4
1/4%
5,000
1974
4
3/4%
5,000
1985
4
1/4%
5000
1975
4
3/4%
lo,000
1986
4
1/4%
5,000
1976
4
3/4%
10,000
1987
4
1/4%
5000
1977
4
3/4%
10,000
1988
4
1/4%
5000
1978
4
3/4%
10,000
1989
4
1/4%
5,000
1979
4
3/4%
and the Village Treasurer is hereby authorized and directed to
deliver said bonds to said purchaser against payment therefor in
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accordance with said contract of purchase and the terms of said
Ordinance adopted February 10, 1960, as aforesaid, authorizing the,
issue of said bonds.
Section 2. That the President, Village Clerk, Village
Attorney and Village Treasurer are each hereby authorized,
directed and empowered, without further order of the President
G
and Board of Trustees of the Village of Deerfield, to execute
u
said $125,000 Water Revenue Bonds, Series of 1960, herein de-
scribed, and to deliver the same in accordance herewith and to
execute and deliver such certificates, agreements and proceedings
as may be necessary or convenient for the delivery of the said
4
$125,000 Water Revenue Bonds, Series of 1960, in accordance here
with, and all proceeds received from the delivery and the payment
of the said bonds shall be accounted for and used and held for use.
as recited in said Ordinance adopted February 10, 1960, authorizing
the issue of said $125,000 Water Revenue Bonds, Series of 1960.
Section 3. That interest upon the said $125,000 Water
Revenue Bonds, Series of 1960, at the several rates hereinabove
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specified, shall be evidenced by coupons to be attached to each of
said bonds, and such interest at such rates, as aforesaid, shall
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be payable May 1, 1961 and semiannually on May 1 and November 1 ofd
each year until paid (the coupons otherwise due on May 1, 1960
and November 1, 1960 to be cancelled prior to delivery of said 1
bonds), and both the principal of and interest on the said bonds
at the said rates hereinabove specified shall be payable in lawful
money of the United States of America at the LaSalle National Bank;
Chicago, Illinois, in accordance with all of the terms and provi-
sions of said Ordinance adopted February 10, 1960 authorizing the
said bonds.
Section 4. That except as hereinabove specified, the
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said $125,000 Water Revenue Bonds, Series of 1960, shall be dated,.,,
numbered, of the denomination, shall mature and be subject to re-
demption prior to maturity and shall be in such form, all as further
described and provided in said Ordinance adopted February 10, 1960,
as aforesaid, and all of the provisions, terms, conditions and
covenants in said Ordinance adopted February 10, 1960 authorizing
the said bonds and providing for the security, payment and�retire-
ment of the said bonds are hereby in all respects confirmed.
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Section 5. That the certain Ordinance entitled
"AN ORDINANCE of the President and
Board of Trustees of the Village of
Deerfield, Lake and Cook Counties, 9
Illinois, awarding sale of $125,000
Water Revenue Bonds, Series.of 1960"
adopted November 23, 1960 be and the same is hereby repealed,
and all other ordinances or resolutions in conflict herewith be
and the same are also hereby repealed, and this Ordinance shall be',-
�� come effective upon its passage and approval as provided by law.
PASSED, ADOPTED AND APPROVED by the President and Boards
�i of Trustees of the Village of Deerfield, Lake and Cook Counties,
Illinois, this 1.4th day of December , 1960.
{ Attest: s en
!1
age Clerk
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