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S-497 - 11/23/1982 - BOND - Ordinances ORDINANCE NO. S- 497 AN ORDINANCE PROVIDING FOR THE PARTIAL ABATEMENT OF THE 1982 TAX LEVY ON THE $10 , 270 ,000 GENERAL OBLIGATION RECREATON BONDS OF THE VILLAGE_ OF OAK BROOK, ILLINOIS DATED SEPTEMBER 1 , 1977 WHEREAS, the Village of Oak Brook, DuPage and Cook Counties , Illinois has heretofore issued General Obligation Recreation Bonds , dated September 1 , 1977 , in the total amount of $10 , 270 ,000 pursuant to Ordinance S-385 , certified copies of which ordinances were duly filed with the County Clerks of Cook County and DuPage County, re- spectively, as required by law; and WHEREAS, the Village of Oak Brook has allocated revenues for the purpose of paying a portion on the principal and interest on the bonds, aforesaid, that was to be paid from the proceeds of the 1982 tax levy, said principal and interest together totalling $890 ,550. 00. " �. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as follows : Section 1 : That the tax levy of the Village of Oak Brook, DuPage an Cook Counties , Illinois , to be extended for the year 1982 for the purpose of paying the principal and interest on the $10, 270,000 General Obligation Recreation Bonds , dated September 1 , 1977, be and the same is reduced and abated in the amount of Three Hundred Thousand Dollars and No Cents ($300 ,000. 00) , thus reducing the said 1982 tax levy to $590 , 550. 00 Section 2 : That the abatement herein made in Section 1 hereof shall be in addition to any other reductions in said levy legally required to be made pursuant to the provisions of Chapter 120 , para- graph 616 of the Illinois Revised Statutes relative to the Personal Property Tax Replacement Fund. Section 3: That a certified copy of this Ordinance be filed forthwith w=itFi the County Clerk of DuPage County and with the County Clerk of Cook County. Section 4 : That this Ordinance shall be in full force and effect from and after its passage and approval as provided by law. Passed this oLQ� day of o w,)9=9 __ 1982. Ayes: Trustees Congreve, Imrie, Listecki, Philip, Rush, Watson Nays : None Absent. None Approved this day of ©.1 e •,,,, _ 1982 Village President ATTEST: Villalge Clerk Approved as to 'Form: Published DATE PAPER ge A t rney I -� Not Published