HomeMy WebLinkAbout1989-24 - Special Bond ElectionBILL NO. ~J-,--i
ORDINANCE NO. ~ `~-_~C~
AN ORDINANCE CALLING A SPECIAL BOND ELECTION
IN THE CITY OF RIVERSIDE, MISSOURI, ON THE
QUESTION WHETHER TO ISSUE THE SEWERAGE
SYSTEM REVENUE BONDS OF THE CITY OF
RIVERSIDE, MISSOURI, IN THE AMOUNT OF
$~.;)L'~yG'C~C~. FOR THE PURPOSE OF CONSTRUCTING
ADDITIONS TO AND EXTENDING AND IMPROVING THE
SEWERAGE SYSTEM OF THE CITY; DESIGNATING THE
TIME OF HOLDING SAID ELECTION; AND
AUTHORIZING AND DIRECTING THE CITY CLERK TO
GIVE NOTICE OF SAID ELECTION.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSOURI, AS FOLLOWS:
Section 1. That a special bond election is hereby ordered
to be held in the City of Riverside, Missouri, on Tuesday, June
6, 1989, on the following question:
QUESTION
Shall the City of Riverside, Missouri,
issue its sewerage system revenue bonds in
the amount of $j_~t~~'~a'c' for the purpose of
constructing additions to and extending and
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 City to
fix, establish, maintain and collect rates and charges for the
services provided by the City through its sewerage system,
including all extensions and improvements thereto hereafter
constructed or acquired by the City, in addition to the other
rates and charges for such services provided by law, as will
produce income and revenues sufficient to provide funds to pay
the costs of operation and maintenance of said sewerage system
and the principal of and interest on said bonds as they become
due and to retire the same within ~~~ years from the
date thereof, and to provide for the establishment of
reasonable 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 April 11, 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 9. That this Ordinance shall be by title force and
effect from and after its passage.
PASSED by the Board of Aldermen this 6th day of April, 1989.
[SEAL] ~T
ATTEST:
(,'/ ~ 'i
City Clerk
Mayor
APPROVED by the Mayor this 6th day of April, 1989.
[SEAL] ~~ ~ '
,~ Mayor
ATTE~T
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