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HomeMy WebLinkAboutOrd 219 12/21/1940 -- """,d'~ ~~ ~~ ___,. ','''__'' ".~~,,'W' ,,' r; ----~1{'. --<::, hI, ,'.t,./ i') ,/II I ( , ~;"',!",,' tl I ~~ 1(.\., ;' j .,; _.~ ...".....~'c. 0"'___ ,."V' . "'CJt . r (/;. ;;\ . 1/;1 . ,{' , 1~ ORDINANCE providing for the issuance of 1940 Tax Anticipation Warrants of The Vil- lage of Mount Prospect, in Cook County, Il- linois. -~-** -~- -* ~- -j{- -x- \/ ,.. 'oJ ....... -^- ,'\ -K "X" WHEREAS, this, the President and Board of Trustees of The Village of Mount Prospect, County of Cook and otate of Illinois, i finds that there is no money II which to defray the ordinary !' in the treasury of said village with and necessary expenses for general cor Ii porate purposes, and that it is for the best interests of the viI- " i' lage that it authorize the issuance of its 1940 Tax Anticipation .! i' iiWarrants to provide funds to meet such expenses; and. appropriation ordinance duly WREREA], this village, by an Ii adopted on the ~ ;>f.d day of ~ / y II the /0 -t:.'7 day of ~/y " Ii Ii d il Ii Ii !i , 1940, and published 0 , 1940, a,ppropriated sums for said purposes, and pursuant to such appropriation ordinance thereafter 0 the 6-t"y day of Au~,-, 6' ,1940, adopted its tax levy ordi- nance levying taxes for said purposes, and a certified copy of said tax levy ordinance has been filed with the County Clerk of Cook County, Illinois; and WHEREAS, none 0 f said taxes have heretofore been antici- pated and this village does not have a working cash fund created by a special tax levy for that purpose or by the issuance of bonds. I L I I NOW, THEREFORE, Be It and It Is Hereby Ordained by the I I I I' I I' President and Board 0 f Trustees of The Village of Mount Prospect, Ii i1 Ii County of Cook and State of Illinois: il Section 1. That there be and there is hereby authorized to be executed and delivered the 1940 Tax Anticipation Warrants as ,,,. i i I Afollows: II II II II I' I! !' I I / -1- ~. ,,'j L' ..; ...s; " <:J C> $rl~no 1940 General Corporate Fund ~ax Anticipation Warrants, numbered C-l to ~ inclusive, denomina- tion $',500 each. C-/O !That all of said warrants bear interest at the rate of four per cent I , I (4%) per annum and be dated December 23, 1940. All of said warrants ! I shall be issued in anticipation of the collection of taxes heretofor I I levied in the year 1940 by the President and Board of Trustees of , II this village on all of the taxable property wi thin this village for Igeneral corporate purposes. Said warrants shall be signed by the I iPresident and attested by the Clerk of this village, be sealed with I i Ithe corporate seal of said village, and be registered by the Treas- H Ifurer of this village. !i Section 2. That said warrants be in substantially the fol- [I:.: lowing form: - I (It'ORM OF TAX ANTICIPATION WARRANT) 1940 GENERAL CORPORATE FUND TAX ANTICIPATION WARRANT THE VILLAGE OF MOUNT PROSPECT COUNTY OF COOK STATE OF ILLINOIS MOUNT PROSPECT, ILLINOIS DECEMBER 23, 1940. I I IN 10._ i iTo the Treasurer of The Village of IMount ~rospect, ~ook County, Illinois: I I I i Pursuant to proceedings adopted by the President and Board 10f Trustees of The Village of Mount Prospect, County of Cook and IState of Illinois, you are hereby directed to pay to bearer out of "itaxes levied by said Board of Trustees in and for said Village in lithe year 1940 for general corporate purposes as soon as funds become ,available, the sum of i , FIVE HUNDRED DOLLARS ($500.00) $500.00 together with interest thereon at the rate of four per cent (4%) per annum from date hereof until paid, or until notice shall be given by publication in a newspaper or otherwise that the money for the payment hereof is available and that this warrant will be paid on presentation; provided, however, this warrant shall be received by any collector of taxes in payment of the taxes against which it is issued. ..... -{:;,- 'H ". .. I . J This warrant is one of a series authorized~r to be author ized~to be issued to provide a fund to meet the ordinary and neces- sary expenses of this Village for general corporate purpo~es. You are required by statute to set such taxes apart and hold same for the payment of said series of warrants, and to pay said warrants in the numerical order of their issuance solely from said taxes when collected, and not otherwise. Attest: Clerk Registered: Treasurer Section 3. That all of said warrants authorized by this or dinance be delivered to the purchaser thereof, Mt. Prospect State Bar..k, Mount t'rospect, Illinois. Sale of se.id warrants to said pur- chaser at not less than the par value thereof be and the same is hereby confirmed and said officials are hereby directed to execute and deliver said warrants to said purchaser upon receipt of the pur- chase price therefor as soon as possible on or after the date there- of. Section 4. That said tax levy heretofore made in the year 1940 for general corporate purposes be and the same is hereby appro- priated to pay the warrants herein authorized to be issued against said fund~ The Treasurer of this village is directed to apply the first moneys received by him from said taxes for said purpose here- in mentioned in the payment of the warrants herein authorized to be issued against said fund, and to pay the same in numerical order be- ginning with the lowest number (except insofar as said warrants shall have been used to pay said taxes) ~:md to pay said warrants as fast as funds become available for that purpose. Said Treasurer is -3- . ~ . <<, i hereby directed to notify said purchaser when funds are available to ' 'pay any of said warrants sold to said purchaser. , , Section 5. The Treasurer of this village is hereby direct- led to use the proceeds of said warrants for the purpose herein set I 1 lout and not otherwise. I I Section 6. It is hereby agreed as a part of the considera- !tion for the sale of the warrants herein authorized, that this Vil- hage will not issue any additional warrants in anticipation of the Ii ~ Ilcollection of taxes levied in the year 1940 for general corporate I Hpurposes, or in any other manner pledge said taxes, until the war- I. !!rants herein authorized shall have been paid in full both principal I ~ llano. interest. I: I Section 7. That the t;lerk of this village is hereby direct lied to file a certi~ied copy of this ordinance with the Treasurer of Ii ! said village.. 1 I I Section 8.. That all ordinances or parts of ordinances in Iconflict herewith be and the same are hereby repealed and this ordi- Inance shall be in full force and effect forthwith upon its adoption I ! land approval. Approved: -5. ~ K. 1'-.. ~ President I, I. 1,' I I: Attest: H i 6~~ . Clerk ~ -4- .. Adopted: December y/ , 1940 . Approved: December V! , 1940. Recorded: December y/ I , 1940. , / Vote: Ayes Trustee g~~, //~ /hM ~~~ 9f~?~.Ih,. ~ ~/1r~ t Nays Trustee Absent Trustee ~ 13C?~ -5- . ' !j .' '. ': STATE OF ILLINOIS COUNTY OF COOE ~ 88. We, the undersigned, being the President and Clerk re- spectively of The Village of . ~.., ' in said County, do hereby certify that raDl V~rr~ge was organized and is operating under the general statutes of the State of Illinois relative to villages, that it was organized more than /11(J/=I'ITY years ago and has continuously operated as a village since the date of its organization, and that tqe la;;t change in boundary of said Village was made ~/q."'/ ~ AA!,s /f ~t) · / That said Village is governed by a President and Board of Trustees operating under the General Form of Government, has not adopted the Commission Form of Government Act or the Election Commissioners Act, and that the officials of said Village are as follows: I/'IGic: 3 ~SA/Y~/( E ,L. -3 -'J sS IE:. EM-I L C;R~/#A"~ !foe /C! A1 Ad ~.-<l..s Edw//JI ~.be/ehA(p Jt?,. J /1~tf?f//VlcR ;VI.A h/fcle: /~/I E /ftt~/f J M /~ hKc/ #1& President Clerk Trustee Trustee Trustee Trustee Trustee Trustee Treasurer (If there are any vacancies, pl.ease so indicate, and the rea- sons therefor.) That the population of said Village is approximately \ ~t::I {"'I . .. WITNESS our hands and the seal of said Village this J;<./ ~,. day of Dace.ber , 19 40. 3, ~\B~--_L~ / President t~~ Clerk ~ ~. .. .} "'I CERTIFICATE QE EXECUTION We, the undersigned, do hereby certify that we are the duly qualified and acting officials of The '111... 01 Iount Pro.p.ot. 1.. Cook Count,. Il11aol.. as indicated opposite our respective signatures appended below, and that we were such officials at the time of signing the following: ..6; 000 C /0 ",100 1840 .....al Corporate .rQd tu .Dt~lP.'10. 'arrut.. a'd De..bu II, 19fD,__o.1'84 C-l to CiiI laclual.., ,.- ..lMtloll 1&00 ..., and bearine inter..t at the rate. oj tour p.. .ent (..) per antnB. We further certify that we have executed and delivered the same as such officials in compliance with proceedings authorizing the issuance thereof. WUd__D'**Xi..........~~~_:s*'xWIti~~ .!suuaub"U"lxt_d).&~I~.x..n:1r.~Y_~~.P'Y''J'''l'''I'Y. We further certify that there is no litigation pending or threatened affecting the corporate existence or boundaries of said municipality, the title of any of its officials to their respective offices or the proceedings incident to the authorization, issuance and sale of the foregoing or any other proceedings which directly or indirectly affect the same, and that the proceedings authorizing such issuance and sale have not in any manner been rescinded or modified. ,.sr IN WITNESS WHEREOF, we have hereunto affixed our signatures this .2,. .- day of Dee_be. , 19 40 · (OFFICIAL SEAL) Si~nature (If no seal, so indicate) ~ .'2.,8.. "..." ~~.... ) Official Title Pre.1ele.t Clerk 'r..aure. BANKER'S AUTHENTICATION I hereby certify that I am of and that I am personally acquainted with the persons whose signatures appear above, and I hereby identify said signatures as the true and genuine signa- tures of said persons. Dated this day of D.......". , 19 40. .~