S-460 - 11/19/1980 - BOND - Ordinances ORDINANCE NO. S- 460
AN ORDINANCE PROVIDING FOR THE PARTIAL ABATEMENT OF THE
1980 TAX LEVY ON THE $10 , 270 ,000 GENERAL OBLIGATION RE-
CREATION 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- 3851 certified copies of which ordinances were duly
filed with the County Clerks of Cook County and Du Page 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 1980
tax levy, said principal and interest together totalling $883, 825. 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 and Cook Counties , Illinois , to be extended for the year 1980
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 ($300 ,000. 00) , thus reducing the said 1980 levy to $583, 825. 00 .
Section 2 : That the abatement herein made in Section l here-
of shall be in addition to any other reductions in said levy legally re-
quired to be made pursuant to the provisions of Chapter 120 , paragraph
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 with 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 19th• day of November 1980
Ayes : Trustees Congreve, Imrie, Philip, Reynolds and Watson
Nays : None -
Absent : Trustee Rush
Approved this 4ay of 0
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ViTTage President
ATTEST:
Village Clerk
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Ordinance S-. 460
Page 2
1980 Abatement Tax Levy
Recreation Bonds
APPROVED AS TO FORM:
)Vill:agAtt0- ne
Published
Date Paper
X
Not Published
d
STATE OF, ILLINOIS)
SS .
COUNTY OF DU PAGE)
CI.ERK' S CERTIFICATE
1 , MARIANNE LAKOSIL, do hereby certify. that I am the duly
elected, qualified and acting Village Clerk for the Village of Oak
Brook, DuPage and Cook Counties , Illinois .
I do further certify that the attached is a true and correct
copy of an Ordinance entitled:
ORDINANCE NO. S- 460
AN ORDINANCE PROVIDING FOR THE PARTIAL ABATEMENT OF THE
1980 TAX LEVY ON THE $10 , 270,000 GENERAL OBLIGATION RE-
CREATION BONDS OF THE VILLAGE OF OAK BROOK, ILLINOIS
DATED SEPTEMBER 1 , 1977
passed by the Board of Trustees of the Village of Oak Brook at a
regular meeting of said Board of Trustees on the 19th day of November ,
1980, and said Ordinance was duly approved by the President of the
Village of Oak Brook on the 19th day of November , 1980 .
I do further certify that the aforesaid Ordinance was entrusted.
to my care and custody, that the same is duly spread upon the records
of proceedings of said Village , . and that I am the custodian of all
Village records , including the journal of .proceedings , ordinances and
resolutions of said Village .
IN IVITN SS WHEREOF, I have hereunto set my hand and seal
this day of November, 1980 .
a `*anne Lakosil
Vil age Clerk
Village of Oak Brook
DuPage and Cook Counties ,
Illinois