Title
A BOND ORDINANCE OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY, PROVIDING FOR SEWER UTILITY CAPITAL IMPROVEMENTS AND OTHER RELATED EXPENSES IN AND FOR THE CITY OF NEWARK AND APPROPRIATING $17,750,000.00 THEREFOR, AND PROVIDING FOR THE ISSUANCE OF $17,750,000.00 IN BONDS OR NOTES OF THE CITY OF NEWARK TO FINANCE THE SAME.
Deferred 6PSF-k (s) 082113
Deferred 6PSF-j 090513/Public Hearing Open
Deferred 6PSF-c 091813/Public Hearing Open
No Action Taken 6PSF-a 100213/Public Hearing Open
Deferred 6PSF-a 101013/Public Hearing Open
No Action Taken 6PSF-a 102313/Public Hearing Open
Deferred 6PSF-a 102913/Public Hearing Open
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BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY (not less than two-thirds of all members thereof affirmatively concurring), AS FOLLOWS:
Section 1. The several improvements or purposes described in Section 3 of this bond ordinance are hereby authorized to be undertaken by the City as sewer utility capital improvements to be made or acquired by the City. For the several improvements or purposes described in Section 3 hereof, there are hereby appropriated the respective sums of money therein stated as the appropriations made for each improvement or purpose, such sums amounting in the aggregate to $17,500,000.00 No down payment is required in connection with the authorization of bonds and notes pursuant to N.J.S.A. 40A:2-11(c) as this bond ordinance authorizes obligations in accordance with N.J.S.A. 40A:2-7(d) and N.J.S.A. 40A:2-47(b).
Section 2. In order to finance the cost of the several improvements or purposes not otherwise provided for hereunder, negotiable bonds of the City are hereby authorized to be issued in the principal amount of $17,750,000.00 pursuant to the Local Bond Law. In anticipation of the issuance of said bonds, negotiable bond anticipation notes are hereby authorized to be issued pursuant to and within the limitations pre...
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