1970-006t
f
4
QRDINANCE NQ. 0.,70,6
AN ORDINANCE AUTHORIZING THE ISSUANCE OF TAX ANTICIPATION WARRANT
FOR THE FISCAL YEAR BEGINNING MAY 1, 1969 AND ENDING APRIL 30, 1970
FOR THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS
WHEREAS, the funds in the Village treasury to meet current
ordinary and necessary expenses and obligations incurred by the
Village (all of which are or will be chargeable under the law
against the taxes levied for the fiscal year ending April 30, 1970)
have been depleted, and
WHEREAS, the President, Board of Trustees and fiscal
agent for the Village have reviewed the current status of the cash
in the Village treasury and they are of the opinion that in the
interest of paying necessary expenses, including but not limited
to paying corporate bills, maintaining proper operation of
Village facilities and paying personnel, a tax anticipation
warrant should be issued in an amount not exceeding $p�. eto ,
and
WHEREAS, said sum is less t1m n 75% of the total tax levied
and extended for such purposes for 1969.
NOVI , THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE
COUNTIES, ILLINOIS:
SECTION 1. That the President and Treasurer of the Village
of Buffalo Grove, Cook and Lake Counties, Illinois, be and they
are hereby authorized to issue and sign a warrant in anticipation
of the collection of 1969 taxes levied by said Village for
necessary expenses as set forth in the appropriation and tax levy
s
ordinances, all of which are chargeable pursuant to law, to the
extent of $ to being less than 75% of the total of the
tax levy heretofore made by said Village for such purposes for
the fiscal year beginning May 1, 1969 and ending April :30, 1970;
such warrant shall be payable only out of the 1969 taxes against
which it is drawn, shall bear interest at the rate of 6% annually
from the date of issuance until paid or until notice is given
by publication in a newspaper or otherwise that the money for
payment is available and that it will be paid on presentation.
SECTION 2. Said warrant is authorized and shall be issued
pursuant to paragraphs 8 -1 -1 through 8 -1 -12 Chapter 24 Illinois
Revised Statutes 1969.
SECTION 3. This Ordinance shall be in full force and effect
from and after its passage and approval according to law.
AYES: 6 NAYES: 0 ABSENT: 0
APPROVED:
SIDENT
PASSED: April 20, 1970
APPROVED: April 20, 1970
FILED:
MZ
TAX ANTICIPATION WARRANT NO. 1
r {
KNOW ALL MEN BY THESE PRESENTS, that the Village of Buffalo
Grove, a Municipal corporation, Cook and Lake Counties, Illinois,
will pay the bearer, at the office of the Treasurer of the Village,
in the Village of Buffalo Grove, Cook County, Illinois, or at the
Wheeling Trust & Savings Bank, in the Village of Wheeling, Cook
County, Illinois, at the option of the holder, the sum of Sixty
Thousand ($60,000.00) Dollars, with interest thereon at the rate of
Six Per Cent (6 %) per annum from date hereof until paid or'until
notice is given that money for payment is available and that it will
be paid on presentation. -
Principal and interest will be paid in lawful money of the
United States of America from the proceeds of taxes when received,
levied on all of the taxable property in the Village of Buffalo
Grove for the year 1969 for municipal purposes.
This warrant is issued in anticipation of said taxes so levied
for the year 1969 for municipal purposes, to provide a fund to
meet and defray ordinary and necessary expenses of the Village of
Buffalo Grove, and is payable, both principal and interest, solely
from said taxes when collected, and not otherwise, which taxes are
hereby assigned and pledged to the payment of this warrant, and in
anticipation of such taxes.; This warrant is the sole warrant issued
against said taxes and the same does not exceed seventy -five
(75 %) per cent of the tax levy made therefor, and shall be received
by,any Collector of taxes in payment of the taxes against which
it is issued.
It is hereby certified that all acts, conditions and things
required by law to be done, precedent to and in the issuance
hereof, have been properly done, have happened and been performed
as authorized by the Statutes of the State of Illinois.
IN WITNESS WHEREOF, this Warrant has been signed by the Village
of Buffalo Grove, Cook and Lake Counties, Illinois, by its
Presidgrit and Treasurer and sealed with the corporate seal this
day of _ 6ultlz 1970.
VILLAGE OF BUFFALO GROVE, a Municipal
corporation, Cook and Lake Counties,
Illinoi
By
Presi t.
BY 'Oleo r4�
• ••• • • • • • J • • • • Treasurer.
ATT T.
r
• . • • . • L71 J'4'� C I _1,,. • • • • • • •
1
•,._ 3N
- v
_� - _
RICHARD G. RAYSA
ATTORNEY AT LAW
ONE NORTH LA SALLE STREET
CHICAGO, ILLINOIS 60602
346-4722
April 21, 1970.
Village of Buffalo Grove
Village Hall
Buffalo Grove, Illinois
Gentlemen:
I am enclosing herewith the following:
1. Original of Tax Anticipation Warrant
2. Form of Certification by the Clerk
3. Opinion addressed to Wheeling Trust & Savings
Bank
4. Quitclaim Deed
5. Sundry copies of documents
The President, Treasurer and Clerk should execute the
Tax Anticipation Warrant and affix the Village seal
thereto. The Clerk should sign the certification and
attach the necessary documents thereto.
It really is not necessary to give the bank a certified
copy of the complete minutes of the meeting. If
desired, the Clerk can give a partial transcript of the
minutes showing the opening of the meeting, the number
of trustees present, the action taken on the tax anticipation
warrant and the closing of the meeting.
Deliver the Tax Warrant, certified copies and attorney's
opinion to the bank in exchange for the funds. Notwith-
standing the date on the warrant, make sure interest is
charged only from the actual date of the delivery of,the
money.
My records show that I did send original quitclaim to Lot B,
witness photo copy of deed. Herewith new original.
Very truly yours
Richard RGR:anv Richard G. Raysa
encl.
c4t
0 •
RICHARD G. RAYSA
ATTORNEY AT LAW
ONE NORTH LA SALLE STREET
CHICAGO, ILLINOIS 60602
346 -4722
April 21, 1970.
Wheeling Trust & Savings Bank
Wheeling, Illinois
Re: Village of Buffalo Grove, Illinois,
Tax Anticipation Warrant No. 1
Gentlemen:
I am the duly appointed and acting attorney for the Village
of Buffalo Grove, a Municipal corporation, in Cook and Lake
Counties.
I have examined the proceedings, acts and documents executed
in conjunction therewith of the President and Board of
Trustees of the Village performed in connection with the
issuance of the Village's Tax Anticipation Warrant No. l
for $60,000.00 dated the Twenty Second day of April, 1970.
In my opinion all acts, conditions and things required by
law to be done, precedent to and in the issuance thereof,
have been properly done, have happened and been performed
as authorized by the Statutes of the State of Illinois and
said Warrant is a valid and enforceable obligation bf the
Village.
Very truly yours,
RGR:anv Richard G. Raysa
N.
RICHARD G. RAYSA
ATTORNEY AT LAW
ONE NORTH LA SALLE STREET
CHICAGO, ILLINOIS 60602
346 -4722
April 21, 1970
Wheeling Trust & Savings Bank
Wheeling, Illinois
Re: Village of Buffalo Grove, Illinois
Tax Anticipation Warrant No. 1 .
Gentlemen:
I am the duly appointed and acting attorney for the Village
of Buffalo Grove, a Municipal corporation, in Cook and Lake
Counties.
I have examined the proceedings, acts and documents executed
in conjunction therewith of the President and Board of
Trustees of the Village performed in connection with the
issuance of the Village's Tax Anticipation Warrant No. 1
for $60,000.00 dated the Twenty Second day of April, 1970.
In my opinion, all acts, conditions and things required by
law to be done, precedent to and in the issuance thereof,
have been properly done, have happened and been performed
as authorized by the Statutes of the State of Illinois and
said Warrant is a valid and enforceable obligation of the
Village,
RGR:anv
Very truly yours,
RICHARD 3. RAYSA
ATTORNEY AT LAW
ONE NORTH LA ZA'-LE STREET
CHICAGO, ILLINOIS 60602
346 -4722
April 21, 1970
Wheeling Trust & Savings Bank
Wheeling, Illinois
Re: Village of Buffalo Grove, Illinois
Tax Anticipation Warrant No. 1 .
Gentlemen:
I am the duly appointed and acting attorney for the Village
of Buffalo Grove, a Municipal corporation, in Cook and Lake
Counties.
I have examined the proceedings, acts and documents executed
in conjunction therewith of the President and Board of
Trustees of the Village performed in connection with the
issuance of the Village's Tax Anticipation Warrant No. 1
for $60,000.00 dated the Twenty Second day of April, 1970.
In my opinion, all acts, conditions and things required by
law to be done, precedent to and in the issuance thereof,
have been properly done, have happened and been performed
as authorized by the Statutes of the State of Illinois and
said Warrant is a valid and enforceable obligation of the
Village,
.Very truly yours,
Richard G. Raysa
RGR:anv
RICHARD G. RAYSA
ATTORNEY AT LAW
ONE NORTH LA SALLE STREET
CHICA 0, ILLINOIS 60602
346 -4722
April 21, 1970
Wheeling-Trust & Savings Bank
Wheeling, Illinois
Re: Village of Buffalo Grove, Illinois
Tax Anticipation Warrant No. 1 .
Gentlemen:
I am the duly appointed and acting attorney for the Village
of Buffalo Grove, a Municipal corporation, in Cook and Lake
Counties.
I have examined the proceedings, acts and documents executed
in conjunction therewith of the 'resident and Board of
Trustees of the Village performed in connection with the
issuance of the Village's Tax Anticipation Warrant No. 1.
for $60,000.00 dated the Twenty Second day of April, 1970.
In my opinion, all acts, conditions and things required by
law to be done, precedent to and in the issuance thereof,
have been properly done, have happened and been performed
as authorized by the Statutes of the State of Illinois and
said Warrant is a valid and enforceable obligation of the
Village,
RGR:anv
4Z
RICHARD G. RAYSA
ATTO R N EY AT LAW
ONE NORTH LA SALLE STREET
CHICAGO, ILLINOIS 60602
346 -4722 April 21, 1970.
Wheeling Trust & Savings Bank,
Wheeling, Illinois
Re: Village of Buffalo Grove, Illinois,
Tax Anticipation Warrant No. 1
Gentlemen;
I am the duly appointed and acting attorney for the Village
of Buffalo Grove, a Municipal corporation, in Cook and Lake
Counties.
I have examined the proceeadings, acts and documents executed
in conjunction therewith of the President a. oard of
Trustees of the Village performed in co c with the
issuance of the Village's Tax Ant a � � ant No.1
for $60,000.00 dated the TWen S of ril, 1970.
In ray opinion all acts, condi things required by
law to be dome, precedent to in the issuance thereof,,
have been properly done, have happened and been performed
as authorized by the Statutes of the State of Illinois and
said Warrant is a valid and enforceable obligation of the
Village.
Very truly yours,
RGR:anv Richard G. Raysa
EXCERPTS OF MINUTES OF A MEETING OF THE PRESIDENT AND
BOARD OF TRUSTEES OF THE. yI;LLAGI~ Q BU COIF I.
COUNTI;E.S OF COOK AND LAKE, ILLINOIS, HELD ON APRIL
20, 1970 AT THE MUNICIPAL BUILDING, 50 RAUPP BLVD.,
BUFFALO GROVE, ILLINOIS.
The meeting was called to order at approximately 8:10 P.M.
Upon roll call the following were found to be present:
President Thompson; Trustees Gleeson, Thorud, Armstrong,
rabish, Cimaglio
ABSENT: Trustee Felten
Trustee Felten arrived at approximately 8:30 P.M. and
was present for the remainder of the meeting.
Under New Business Trustee Gleeson read Ordinance No.
0 -70 -6 being a Ordinance Authorizing the Issuance of
Tax Anticipation Warrant for the Fiscal year beginning
5 -1 -69 and ending 4 -30 -70 for the Village of Buffalo
Grove, Cook and Lake Counties.
Trustee Gleeson moved that Ordinance No. 0 -70 -6 be
adopted as read. Trustee Cimaglio seconded the motion.
The Clerk called the roll and the vote was as follows:
AYES: Trustees Felten, Gleeson, Thorud, Armstrong,
Fabish, Cimaglio
NAPES: NONE
The motion was declared carried.
Upon the motion of Trustee Fabish and second:by Trustee
Gleeson the meeting was adjourned at approximately 10:40 P.M.
RICHARD G. R'AYSA
ATTORNEY AT LAW
ONE NORTH LA SALLE STREET
CHICAGO, ILLINOIS 60602
346.4722
April 21, 1970.
Village of Buffalo Grove
Village Hall
Buffalo Grove, Illinois
Gentlemen:
I am enclosing herewith the following:
1. Original of Tax .6nticipation Warrant
2. Form of Certification by the Cleric
3. Opinion addressed to Wheeling Trust & Savings
Bank
4. Quitclaim Deed
5. Sundry copies of documents
The President, Treasurer and Cleric should execute the
Tax Anticipation Warrant and affix the Village seal
thereto. The Clerk should sign the certification and
attach the necessary documents thereto.
It really is not necessary to give the panic a certified
copy of the complete minutes of the meeting. If
desired, the Clerk can give a partial transcript of the
minutes showing the opening of the meeting, the number
of trustees present, the action taken on the tax anticipation
warrant and the closing of, the meeting.
Deliver the Tax Warrant, certified copies a.nd attorney's
opinion to the bank in exchange for the funds. Notwith-
standing the date on the warrant, make sure interest is
charged only from the actual date of the delivery of-the
money.
My records show that I did send original quitclaim to Lot B,
witness photo copy of deed. Herewith new original.
Very truly your s
k
RGR : anv Rice :_. G. Rays a``
CZ
0
C E i T I= I C A, T E
STATE OF ILLINOIS )
) SS
COUNTY OF COOK )
0
I, ROSALIE KASZUBOWSKI, do hereby certify that I
am the duly qualified and acting Clerk of the Village of
Buffalo Grove, a municipal corporation, Cook and Lake
Counties, Illinois; that as such I am the custodian of the
records and seal of the Village; that the originals of the
attached Tax Warrant Anticipation Ordinance and minutes are
on file in my office and are in full force and effect; that
said ordinance was passed and unanimously approved at a
regular meeting of the President and Board of Trustees of
the Village held on April 20, 1970, and I certify that the
attached copies are true and correct copies o: t1le originals.
Given under my hand and Village seal this day
of , 1970.
Clerk, Village of Buffalo Grove,
Illinois.
EXCERPTS OF MINUTES Or A MEETING OF THE PRESIDENT AND
BOARD OF TRUSTHRS O;V THE_ VLLLAGE. O;F B-UA�ALQ Q;IRQVE.�
COUNTLE.S U COOI< AND LAKE; ILLINOIS, HELD ON APRIL
20, 1970 AT THE MUNICIPAL BUILDING, 50 RAUPP BLVD.,
BUFFALO GROVE, ILLINOIS.
The meeting was called to order at approximately 8 :10 P.M.
Upon roll call the following were found to be present:
President Thompson; Trustees Gleeson, Thorud, Armstrong,
Fabish, Cimaglio
ABSENT: Trustee Felten
�. Trustee Felten arrived at approximately 8:30 P.M. and
was present for the remainder of the meeting.
Under New Business Trustee Gleeson read Ordinance No.
0 -70 -6 being a Ordinance Authorizing the Issuance of
Tax Anticipation Warrant for the Fiscal year beginning
5 -1 -69 and ending 4 -30 -70 for the Village of Buffalo
Grove, Cook and Lake Counties.
Trustee Gleeson moved that Ordinance No. 0 -70 76 be
adopted as read. Trustee Cimaglio seconded the motion.
The Clerk called the Noll and the vote was as follows:
AYES: Trustees Felten, Gleeson, Thorud, Armstrong,
Fabish, Cimaglio
NAYES: NONE
The motion was declared carried.
Upon the motion of Trustee Fabish and second,by Trustee
Gleeson the meeting was adjourned at approximately 10:40 P.M.
e �
0
ORDLNANCE NO.. 0.,70,6
AN ORDINANCE AUTHORIZING TIE ISSUANCE OF TAX ANTICIPATION WARRANT
FOR THE FISCAL YEAR BEGINNING I��AY 1, 1969 AND ENDING APRIL 30, 1970
FOR THE VILUP GE OF BUFFALO GROVE z C001K AND TL K4: COUNTIES , ILLINOIS
WHEREAS, the funds in the Village treasury to meet current
ordinary and necessary expenses and obligations incurred by the
Village (all of which are or will be chargeable under the law
against the taxes levied for the fiscal year ending April 30, 1970)
have been depleted, and
WHEREAS, the President, Board of Trustees and fiscal
agent for the Village have reviewed the current status of the cash
in the Village treasury and they are of the opinion that in the
interest of paying necessary expenses, including but.not limited
to paying corporate bills, maintaining proper operation of
Village facilities and paying personnel, a tax anticipation
warrant should be issued in an amount.not exceeding $
and
WHEREAS, said sum is less tlm n 75% of the total tax levied
and extended for such purposes for 1969.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE
COUNTIES, ILLINOIS:
SECTION 1. That the President and Treasurer of the Village
of Buffalo Grove, Cook and Lake Counties, Illinois, be and they
are hereby authorized to issue and sign a warrant in anticipation
of the collection of 1969 taxes levied by said Village for
`necessary expenses as set forth in the appropriation and tax levy
a
aw
r
ordinances, all of which are chargeable pursuant to law, to the
extent of $ ��1, being less than 75% of the total of the
tax levy heretofore made by said Village for such purposes for
the fiscal year beginning May 1, 1969 and ending April 30, 1970;
such warrant shall be payable only out of the 1969 taxes against
which it is drawn, shall bear interest at the rate of 6% annually
from the date of issuance until paid or until notice is given
by publication in a newspaper or otherwise that the money for
payment is available and that it will be paid on presentation.
SECTION 2. Said warrant is authorized and shall be issued
pursuant to paragraphs 8 -1 -1 through 8 -1 -12 Chapter 24 Illinois
ti. ° Revised Statutes 1969.
SECTION 3. This Ordinance shall be in full force and effect
from and after its passage and approval according to law.
AYES: 6 NAPES: 0 ABSENT: 0
AT7ST :
CLERKL
PASSED: April 20, 1970
APPROVED: April 20, 1970
FILED:
APPROVED:
ES IDENT
-2-
TAX ANTICIPATION WARRANT NO. 1
KNOW ALL MEN BY THESE PRESENTS, that the Village of Buffalo
Grove, a Municipal corporation, Cook and Lake Counties, Illinois,
will pay the bearer, at the office of the Treasurer of the Village,
in the Village of Buffalo Grove, Cook County, Illinois, or at the
Wheeling Trust & Savings Bank, in the Village of Wheeling, Cook
County, Illinois, at the option of the holder, the sum of Sixty
Thousand ($60,000.00) Dollars, with interest thereon at the rate of
Six Per Cent.(6 %) per annum from date hereof until paid or until
notice is given that money for payment is available and that it will
be paid on presentation.
Principal and interest will be paid in lawful money of the
United States of America from the proceeds of taxes when received,
levied on all of the taxable property in the Village of Buffalo
Grove for the year 1969 for municipal purposes.
This warrant is issued in anticipation of said taxes so levied
for the year 1969 for municipal purposes, to provide a fund to
meet,and defray ordinary and necessary expenses of the Village of
Buffalo Grove, and is payable, both principal and interest, solely
from said taxes when collected, and not otherwise, which taxes are
hereby assigned and pledged to the payment of this warrant, and in
anticipation of such taxes., This warrant is the sole warrant issued
against said taxes and the same does not exceed seventy -five
(75 %) per cent of the tax levy made therefor, and shall be received
by any Collector of taxes in payment of the taxes against which
it is issued.
It is hereby certified that all acts, conditions and things
required by law to be done, precedent to and in the issuance
hereof, have been properly done, have happened and been performed
as authorized by the Statutes of the State of Illinois.
IN WITNESS WHEREOF, this Warrant has been signed by the Village
of Buffalo Grove, Cook and Lake Counties, Illinois, by its
Presint and Treasurer and sealed with the corporate seal this
• . ` -- day, of Q1y6j , 1970.
VILLAGE OF BUFFALO GROVE, a Municipal
corporation, Cook and Lake Counties,
Illinoi
. _ By
gopr PresidAffit.
By
Treasurer.
ATT T:
Clerk.
TAX ANTICIPATION WARRANT N0. 1
KNOW ALL MEN BY THESE PRESENTS, that the Village of Buffalo
Grove, a Municipal corporation, Cook and Lake Counties, Illinois,
will pay the bearer, at the office of the Treasurer of the Village,
in the Village of Buffalo Grove, Cook County, Illinois, or at the
Wheeling Trust & Savings Bank, in the Village of Wheeling, Cook
County, Illinois, at the option of the holder, the sum of Sixty
Thousand ($60,000.00) Dollars, with interest thereon at the rate of
Six Per Cent (6 %) per annum from date hereof until paid or until
notice is given that money for payment is available and that it will
be paid on presentation.
Principal.and interest will be paid in lawful money of the
United States of America from the proceeds of taxes when received,
levied on all of the taxable property in the Village of Buffalo
Grove for the year 1969 for municipal purposes.
This warrant is issued in anticipation of said taxes so levied
for the year 1969 for municipal purposes, to provide a fund to
meet and defray ordinary and necessary expenses of the Village of
Buffalo Grove, and is payable, both principal and interest, solely
from said taxes when collected, and not otherwise, which taxes are
hereby assigned and pledged to the payment of this warrant, and in
anticipation of such taxes., This warrant is the sole warrant issued
against said taxes and the same does not exceed seventy -five
(75 %) per cent of the tax levy made therefor, and shall be received
by any Collector of taxes in payment of the taxes against which
it is issued.
It is hereby certified that all acts, conditions and things
required by law to be done, precedent. to and in the issuance
hereof, have been properly done, have happened and been performed
as authorized by the Statutes of the State of Illinois.
IN WITNESS WHEREOF, this Warrant has been signed by the Village
of Buffalo Grove, Cook and Lake Counties, Illinois, by its
President and Treasurer and sealed with the corporate seal this
day of Q , 1970.
VILLAGE OF BUFFALO GROVE, a Municipal
corporation, Cook and Lake Counties,
Illinoi
By
eP Presi t.
By
Treasurer.
ATT T:
Clerk.
..X
VILLAGE OF BUFFALO GROVE, a Municipal
corporation, Cook and Lake Counties,
Illinoi
By
eP Presi t.
By
Treasurer.
ATT T:
Clerk.
0
TAX ANTICIPATION WARRANT NO. 1
KNOW ALL MEN By THESE PRESENTS, that the Village of Buffalo
Grove, a Municipal corporation, Cook and Lake Counties, Illinois,
will pay the bearer, at the office of the Treasurer of the Village,
in the Village of Buffalo Grove, Cook County, Illinois, or at the
Wheeling Trust & Savings Bank, in the Village of Wheeling, Cook
County, Illinois, at the option of the holder, the sum of Sixty
Thousand ($60,000.00) Dollars, with interest thereon at the rate of
Six Per Cent (6 %) per annum from date hereof until paid or until
notice is given that money for payment is available and that it will
be paid on presentation.
Principal and interest will be paid in lawful money of the
United States of America from the proceeds of taxes when received,
levied on all of the taxable property in the Village of Buffalo
Grove for the year .1969 for municipal purposes.
This warrant is issued in anticipation of said taxes so levied
for the year 1969 for municipal purposes, to provide a fund to
meet and defray ordinary and necessary expenses of the Village of
Buffalo Grove, and is payable, both principal and interest, solely
from said taxes when collected, and not otherwise, which taxes are
hereby assigned and pledged to the payment of this warrant, and in
anticipation of such taxes., This warrant is the sole warrant issued
against said taxes and the same does not exceed seventy -five
(75 %) per cent of the tax levy made therefor, and shall be received
by any Collector of taxes in payment of the taxes against which
it is issued.
It is hereby certified that all acts, conditions and things
required by law to be done, precedent to and in the issuance
hereof, have been properly done, have happened and been performed
as authorized by the Statutes of the State of Illinois.
IN WITNESS WHEREOF, this Warrant has been signed by the Village
of Buffalo Grove, Cook and Lake Counties, Illinois, by its
PresidInt and Treasurer and sealed with the corporate seal this
• .' �`- day of , 1970.
VILLAGE OF BUFFALO GROVE, a Municipal
corporation, Cook and Lake Counties,
Illinois
By
Presi t.
By
Treasurer.
ATT T;
Clerk.
TAX ANTICIPATION WARRANT NO. 1,
KNOW ALL MEN By THESE PRESENTS, that the Village of Buffalo
Grove, a Municipal corporation, Cook and Lake Counties, Illinois,
will pay the bearer, at the office of the Treasurer of the Village,
in the Village of Buffalo Grove, Cook County, Illinois, or at the
Wheeling Trust & Savings Bank, in the Village of Wheeling, Cook
County, Illinois, at the option of the holder, the sum of Sixty
Thousand ($60,000.00) Dollars, with interest thereon at the rate of
Six Per Cent (6 %) per annum from date hereof until paid or until
notice is given that money for payment is available and that it will
be paid on presentation.
Principal and interest will be paid in lawful money of the
United States of America from the proceeds of taxes when received,
levied on all of the taxable property in the Village of Buffalo
Grove for the year 1969 for municipal purposes.
This warrant is issued in anticipation of said taxes so levied
for the year 1969 for municipal purposes, to provide a fund to
meet and defray ordinary and necessary expenses of the Village of
Buffalo Grove, and is payable, both principal and interest, solely
from said taxes when collected, and not otherwise, which taxes are
hereby assigned and pledged to the payment of this warrant, and in
anticipation of such taxes.., This warrant is the sole warrant issued
against said taxes and the same does not exceed seventy -five
(75 %) per cent of the tax levy made therefor, and shall be received
by any Collector of taxes in payment of the taxes against which
it is issued.
It is hereby certified that all acts, conditions and things
required by law to be done, precedent to and in the issuance
hereof, have been properly done, have happened and been performed
as authorized by the Statutes of the State of Illinois.
IN WITNESS WHEREOF, this Warrant has been signed by the Village
of Buffalo Grove, Cook and Lake Counties, Illinois, by its
President and Treasurer and sealed with the corporate seal this
` day of - GQ�x 9 1970.
VILLAGE OF BUFFALO GROVE, a Municipal
corporation, Cook and Lake Counties,
Illinois
By
Presi t.
By
Treasurer.
ATT T:
Clerk.