1968-04-08 - Resolution 1968-06 - Authorization to sell Waterworks and Sewerage Revenue Bonds VILLAGE OF BUFFALO GROVE-RESOLUTION No. ( ��o
"'eSo4ct i.)Al
j ;M W. ;N AUTHORIZING SALE OF $175,000
PRINCIPAL AMOUNT OF WATERWORKS AND SEWERAGE
REVENUE BONDS, SERIES 1966, DATED MAY 1, 1966.
WHEREAS, the Village has heretofore authorized the issuance
of $780,000 aggregate principal amount of its Waterworks and
Sewerage Revenue Bonds, Series 1966, dated May 1, 1966, pursuant
to Ordinance 0-6-66 adopted April 28, 1966, and issued and sold
$475,000 principal amount of said bonds, numbered 1 through 95
inclusive;
WHEREAS, Harold Friedman and Aribert F. Wild have agreed to
purchase an additional $175,000 principal amount of said Bonds,
said additional amount of Bonds to bear interest at a rate of
5-1/2 percent per annum, and to pay the Village therefor a price
such that the interest cost to the Village of the proceeds from
said additional amount of Bonds shall equal 6 percent annually com-
puted to maturity according to the standard table of bond values,
BE IT RESOLVED that $175,000 principal amount of Waterworks
and Sewerage Revenue Bonds, Series 1966, of the Village, to bear
interest at the rate of 5-1/2 percent per annum, being part of an
authorized issue of $780,000 aggregate principal amount of Water-
works and Sewerage Bonds, Series 1966, of the Village be sold to
Harold Friedman and Aribert F. Wild at a price such that the interest
cost to the Village of the proceeds from said $175,000 principal
amount of Waterworks and Sewerage Bonds shall equal 6 percent annually
to (r.._i71. -r i:" c+.f•n nor,•