Finance & Audit Committee Substitute
February 8, 2010
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE authorizing and directing the issuance, sale and delivery of $5,500,000.00 principal amount of Taxable Special Obligation Bonds (Animal Shelter Project)(Build America Bonds) Series 2010, of Jackson County, Missouri, and authorizing certain other documents and actions in connection therewith.
Intro
ORDINANCE #4187, January 25, 2010
INTRODUCED BY Scott Burnett, County Legislator
Body
WHEREAS, Jackson County, Missouri (the "County"), operates pursuant to a County Charter, and is a political subdivision of the State of Missouri, duly created, organized and existing under and by virtue of the Constitution and laws of the State of Missouri; and,
WHEREAS, the County desires to finance the costs of certain capital improvements and is authorized under the provisions of the Constitution of Missouri and its Charter to issue and sell special obligation bonds for the purpose of providing funds to finance the costs of certain capital improvements and to provide that the principal of and interest on such special obligations bonds shall be payable solely from the revenues derived from annual appropriations by the County Legislature; and,
WHEREAS, it is hereby found and determined that it is necessary and advisable and in the best interest of the County and of its inhabitants that special obligation bonds be issued and secured in the form and manner as hereinafter provided to provide funds for such purpose; now therefore,
BE IT ORDAINED by the County Legislature of Jackson County, Missouri as follows:
Section 1. Authorization of Bonds. There shall be issued and hereby are authorized and directed to be issued the Taxable Special Obligation Bonds (Animal Shelter Project)(Build America Bonds) Series 2010 (the "Bonds") of the County in the aggregate principal amount of $5,500,000 for the purpose of paying the costs of the P...
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