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1996_Ordinances
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1996_Ordinances
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-5 - <br />Projects Amounts <br />• Gas line replacement project $4,500,000 <br />School renovations 3,075,000 <br />Parks and recreation projects 1,000,000 <br />Street and City entrance improvements 800,000 <br />City drainage projects 125.000 <br />9 500 000 <br />If any project set forth above shall require less than the entire respective amount so set forth, <br />the difference may be applied to any of the other projects so set forth. <br />8. The Bonds shall be sold in one or more series in accordance with the <br />provisions of Paragraph 1 at competitive sale at such price plus accrued interest and on such <br />other terms and conditions as shall be determined at the time of the sale of the Bonds. The sale <br />and the definitive details of the Bonds shall be approved, ratified and confirmed by resolution <br />of this Council. The City Manager is authorized to cause to be published and distributed a <br />notice of sale of each series of the.Bonds (the "Notice of Sale"), such publication to be made <br />in either or both of The Band Buyer, a financial.newspaper published.in the City of New York, <br />New York, and in The Daily Progress, a newspaper of gene ral.circulation in the City, and the <br />City Manager is further authorized to cause to be prepared and distributed a Preliminary and a <br />Final Official Statement relating. to each series. of Bonds. In lieu.of publishing the full text of <br />• the Notice of Sale in accordance with the provisions of the immediately preceding sentence; the <br />City Manager may cause to be published a Summary Notice of Sale in such form as he shall <br />approve. <br />9. The Bonds, the certificate of authentication of the Registrar, and the <br />assignment endorsed.on the Bonds, shall be in substantially the following forms set forth below <br />with such changes in format as may be appropriate to conform with customs and practices <br />applicable to comparable securities: <br />0 <br />135133.1 017300 ORD <br />
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