HomeMy WebLinkAbout1989-06 - Special Bond ElectionBILL NO. ~~~1-
ORDINANCE NO. ~ 9-p
AN ORDINANCE CALLING A SPECIAL BOND ELECTION
IN THE CITY OF RIVERSIDE, MISSOURI, ON i'HE
QUESTION WHETHER TO ISSUE THE SEWERAGE
SYSTEM REVENUE BONDS OF THE CITY OF
RIVERSIDE, MISSOURI, IN 1'HE AMOUNT OF
$3,300,000 FOR THE PUFPOSE OF CONSTRUCTING
ADDITIONS TU AND EXTENDT_NG A^]D Ih1PROVI'G 'T'HE
SEWERAGE SYSTEM OF THE CITY; DESIGNATING TfiE
TIA1E OF HOLDING SAID ELECTION; AND
AUTHORIZING AND DIRECTING THE CITY CLERK TO
GIVE NOTICE OF SAID ELECTION.
BE ~T OP.DAIIvED BY THE BOARB OF ALEkM~N OF THE CI1`~~ Ot~'
RIIER^II.)F, 1`'T~SOURI, AS FOLLOWS:
Section 1. That a special bond election is hereby nrde._~d
~.o be Y~_ ld ir; the City of Riverside, Missouri, on 'I'u~:~'.ay,
F},ril 4, 1!,84, on the following question:
QUESTION
Shill the City of Riverside, Missouri.,
issue its sewerage system revenue bonds it?.
the amount of $3,300,000 for the purpose of
constructing additions to and extending at:j
improving the sewerage system of the City,
the cost of operation and maintenance of
said system and the principal of and
interest on said revenue bonds to be payable
solely from the revenues derived by the City
from the operation of its sewerage system,
including all future extensions and
improvements thereto?
The authorization of said bonds will authorize the Ci+y try
six, establish, maintain and collect rates and charges for t_he:
services provided by the City through its sewerage sy~;tem,
including all extensions and improvements th.erete her~•~ft<rr
r_onstn~cted or acquired by the City, in addition to the ct~•~:•.
rates and charges for such services provided by law, as will
produce income and revenues sufficient to provide toads to Via-{
tt-e costs of operation and maintenance of said seyrer_age s_r-.`.am
and the principal of and interest on said bonds as they ba~~rre
due and to retire the same within thirty-five yeacz> from the
date thereof, and to provide for the establish..*~~ent of
r~3sonable reserves therefor.
Section 2. That the form of the Notice of Bond Election
for said special election, a copy of which is attached hereto
and made a part hereof, is hereby approved.
Section 3. That the City Clerk is hereby authorized and
directed to notify the County Clerk of Platte County, Missouri,
of the adoption of this Ordinance no later than 5:00 o'clock
P.M. on February 7, 1989, and to include in said notification
all of the terms and provisions required by the Comprehensive
Election Act, Chapter 115 of the Revised Statutes of Missouri,
as amended.
Section 4. That this Ordinance shall be by title force and
effect from and after its passage.
PASSED by the Board of Aldermen this 17th day of January,
1989.
[SEAL] /_ ;=~ ~`~,
Mayor
ATT ST: Q
~.~evtaQt~C-GSCi
City rk ~~
APPROVED by the Mayor this 17th day of January, 1989.
rC~AL~
ATT~ST~
_____
City Cl
Mayor
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