Ordinance No 60

Summary

The City of Cherry Valley, Arkansas is issuing $105,000 in General Obligation Water Improvement Bonds to finance a portion of the cost of constructing extensions, betterments, and improvements to the waterworks system. The bonds will be dated January 1, 1979, bear interest at 5% per annum, and mature in 33 equal annual amortized installments. The City Council will levy a continuing annual tax to provide for the payment of the principal and interest on the bonds.

Details

Subject

water system improvements

Summary

The City of Cherry Valley, Arkansas is issuing $105,000 in General Obligation Water Improvement Bonds to finance a portion of the cost of constructing extensions, betterments, and improvements to the waterworks system. The bonds will be dated January 1, 1979, bear interest at 5% per annum, and mature in 33 equal annual amortized installments. The City Council will levy a continuing annual tax to provide for the payment of the principal and interest on the bonds.

Action Type

new

Vote Result

passed

Adoption Date

1978-09-19

Enacting Body

City Council of Cherry Valley, Arkansas

Effective Date

1978-09-19

Ordinance Number

60