IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE authorizing the issuance of not to exceed $4,500,000 principal amount of special obligation refunding bonds (Animal Shelter Project), series 2020, of Jackson County, Missouri, and authorizing certain other documents and actions by the County.
Intro
ORDINANCE NO. 5396, September 14, 2020
INTRODUCED BY Theresa Cass Galvin, 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 previously issued the Taxable Special Obligation Bonds (Animal Shelter Project) (Build America Bonds), Series 2010 (the "Refunded Bonds"), for the purpose of financing certain capital improvements; and,
WHEREAS, the County is authorized under the provisions of the Constitution of Missouri and its Charter to issue and sell special obligation bonds and desires to issue its Special Obligation Refunding Bonds (Animal Shelter Project), Series 2020 (the "Bonds") for the purposes of providing funds, together with other available funds, (i) to refund the Refunded Bonds and (ii) to pay costs of issuing the Bonds and refunding the Refunded Bonds; and,
WHEREAS, it is hereby found and determined that it is necessary, advisable, and in the best interest of the County and of its inhabitants that the Bonds be issued and secured in the form and manner as hereinafter provided to provide funds for such purposes and to provide that the principal of and interest on such special obligations bonds shall be payable solely from amounts appropriated on an annual basis by the County Legislature; now therefore,
BE IT ORDAINED by the County Legislature of Jackson County, Missouri, as follows:
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