HomeMy WebLinkAboutResolutions - 1960.04.18 - 20996RESOL: 3646
Yiscellaheeus Resolution No
Beco,mmehded by the Board of Public works
ergreen Exens„Ion Re: Ev
The 11oi bondCa a —r , Rr, Horton:
rn .N17-, 7'7,qr,TITTCW,
WHEREAs, the said B,c7.rd of c..mher .,7-is-,rs be resoiucieh, ,
No adopted List = 1957, Cl „ amended V J.
No. 3J135, adopted (Thtober i A aiu approve of the estab -lin-
ment of the Evergreen. Sewage Poposal
t^:
Evergreen Dispsoal District within which district, lies
al of the Townohnfp of Bloomfield and all cf the City of Bloomfield
Fills; and
WHEREAS, purswant
Cm ecmcnt ,
ago mets dated Dece
the Evergreen Sewage Disposal Sys-em
- e--noea be ai,eh
fl aLl
betw,.-:en the CounW - Oskantl. and the Cities Cl PIJOtIt 1tCtI0.-
Bloomfield HIlls,Lathrup Vill
Troy and Seuthfiolt, the
Village of Westwood (now Beverly Hills) and. thP Townships of
Bloom _Leld end Font iao noelsiel c ,ononrs+-oohs in said C ,,,-'Int7 of
Oakland, tho said county acting thru. its Department of Public
, did acgaire the original Evergreen Sewage Disposal System
and did finance
atien
a-.:.qn -is',.ten by the -ssuance of bonds in
St eal.7vents to be made by said municipal corporations
to _he county in accordance with the pravisions of said agr6-ent,
as amerdod; and
n
amended, grants to the 7 1 - in any county having
C Depart t of Public Works the power to Extend any system
acquired pursuant tk ,ereto, Posd
'WFT7FAS, it to ncessary to =tend said sewage disposal
5; COtS It SOICI m,-,-4-
(hereinafter referred. to as extension no, 1") under the provisions
of No. ..-d t'"L=P Tji -70hgan Public of 1957! as amended,
pu-Er fE;:4u..u.TiT7.7:nsuT Sultpusgno LT o TOJ -7103 z=7=2,z= UT ,or,=-0I,Load TO -.1s!=DJ-4uT L uo Tnuu fod OUT.dTuMc <EEE uoT4TPPu uT T 7TTTT( J.i U ET-n, T duc.: PTO OLJ A4 PT-cd i 0-4 top (744,:m3 JOTJT TTOIJflTOW pu•ci I-enua"e L'aqg C,U 221U L SqUnCTX TO 2=;,p) pl;.FEA0,1-0T. .:".4J1") ,777, L, 7,,T,SUA ,I=j1U=11. -IL= :")21, , E rY6T JT TT0Ci)i pue :to s'Jo:,;TAJd-nS Jo 705.-c-iE ',..-)TIgnd Jo 0000:7 LNvnaJdd'e puT,: p-ouT-c'w..qo pp:2s patdoad s'e sFru-7137„77 sn Jo po1=4" ep,_17ydn puT,=2 00130;?. Op pU=e 1/IJ320i: pTr;s: ,T0 o3orr16t7 Jo 3'_r2T,ITT300 1313 "013,7213Tc4a,? TeuoT2G.77.,J0Jd pe,T,;as.T,"3UIMJF-1 I 1,:r1O'd 1.),==;003ad RLE. j3TOV )JT :0131 33/S T'esodsT 13001. T13 :Teo uoTsuax :7=14'4 JOJ ---J1-guoc) uT Trns 130130dd3 133331130 n-oTqm '13-42110j ppTATp Jooa7,74144 ls'oo TnnTd7:-.T-z) Ggq 30 %00I ,A4130 puo 'iTTIGUM01. 131:122 I00ds7G, Loop 1.0,07 13-1s 04 7.) 'TC-4 , 7:a7 , ' 7,C•(.17 ."7 '7 —7 "7 7 t„: , , 4 — CA- -UOD13 4T • pUt druisTamof:„ 1300111 13147 put113'en JO d-aunop dT.,42433401 pT-es 013u3 1311.> ;*sTpoq SuTu=to.DS p_)4dop.r.,: I ;E, qutrG,Trd L 1 -EIJOFETA ---1404 Jo P,TaocT ?-7_,T1133 10 unTnnTosr--,5 put pu13 cll:g!suplc,4 pT20 01313 .2C1],uncz) 0144 13)114 T)10131U00 DiDuoTquow 33o1,J133010 a9p13n. •,:.211;oc,aq 013 sluro= Lqupoo 3T-44 uo,T40TI,D0 7; T' uT I -ou uoT013103 ucns OOUUUTJ on 013130 :;.0320T pun, dToioLLMo4 12170 wned13 uTggIm ,2u13ST-To I111333O0 jc) vrISr-)ISTID 13130 0131.01301) 9scdJii.d 0144 13013
thecrincinnelsum of Sol.,r
($490,000) be d
doted
L2 L., CD -;n n- ,..
WHEREAS, of issnIng sonds
p5t 101 10 D1O0015 to. •••-: -r - Tcoo.h.tp c:
Bloomfleld and 0'ify of PiorTe-Ield HillR under said contract of
j_foo; and
i •':1 33, nod of TiATHE—R Coon
• . ,""ana nrecommend:ea ";-- , .
of Supei-visorP-,
TH7R7Tr-pE 77-17
• J. L. .L.J . J, • Li/
OAKLANT', enuNTv, MICHIciAN, as follIgs
Thor tie t.ors
acquiri Everfzreen ST:= err, fn
sairi bonds be Vinv as
8 hxt. ".1.1 rTh
1" ,-.:1-1 ,11 do_nr1
shal l he , -• -4- -3 , .„4
maturities from 1 to 490 both lnclusiv(e; snail tc_7: in the donemi-
natlon of $1,0(0 eaoh; shall b,ear interest at a rate or rates to
be heroaftor riod not excee,14,, k ,„)pon moon,
h ,
-I 7
first days tf M',-2,y lOOt Novemuor in cach 0 nl 0010 mature on
The first day
e t
7P
".-,) in
in ca-h
in eaf'h
:T173 fol1:nvs:
r .^4
optlah o -of - ouantv prIor to Jr 0 .r ±::T4 ••=,
date on or aftar May Bonds called for redemption shall
ho redeemed at thc par valu(:: Thereof and :7100rud 00 00 plias
pre:q111- on not bond in accord.ance with the followih,=,- luio
0 if called to be re:d ,:;.emed
but prior to May 1, 1 or
$25 if called to be r
but prior to May I,
if cal •o be r.
but prior
$15 if •aL,ed
but prior to sy 1,
$10 if called to he redosmed
. but prior to May 1, 1986
$ 5 if called to be redeemed.
or or after M717 1 1°
,;ft,;-,.r May
on or after May
or after May 1982
on or after Mey
on or after May I, 1986
b .yc 100 of redemption shall be given to the holders of
'cords to to rodc-Prie(1 by pul-licatiem of such notice not less than
thirty , to the date fixed for read„.; tion, at least
orcu In a per or publication creulated in the City. of
Detroit, Michigan, which carries as a port of its regular service,
notices of the sale of eouoloipai ,Joh,..n.s. Bonds to cnild for
redemption shall not bear interest after the date fixed for re-
demption, providod fords ar ,,- on hand with the pavin.H
r'edc?em the tame.maturinw Prn.o t_n 1077 na'll not
be subject to ion prior to ?maturity. All shall havo
proper coupons attch(sd tharet,o evi
th(="ir
respective dates of mat
That the principal of said bonds a the intprosb thereon,
shall be bayb -ie in lawful money of the United states 1,mori ca,
at such barifk and/r- trust company as sha1 be de -ign7itd by- the
original purchassr of the bonds. Such purchaser shall havH the
right to name a co-paying agent,
ien of the 'Roard
County CleI Coltntv of l'aklahd, her et nristO and
directed to c-y,,cute said for and on behalf of the ahid
county- and to affix the seal of said county thereto, and to exe-
cute Inc Inter e st coupons to to attached to said bonds by causing
L
ey.ecuti_on
xed it'.. oo-t tnei,r facsimi signaturo,s and that upon the
shall be
delivered to the Tre.. of said otonty who 16 hr :oithorez to
anal_ directed to deliv said. tr,ricts triP tta
upofl , roce4 purchaser t
That thc said bonds arc to be issuo Crursuart to the
prv1elcinsef pr,t l3 of one hia Fe.bli ,,Arc; -1(17 .,.'/„;!J in
antic1 ..771H the Paymort the - 1 • , r u b ccne
• • • •
county under s=lid contract of 18, 1900, whicn amounts aggre-
gate tho sum of $490,000, withtrite-re st as there -1 n provied,
Thst the fa71 tooth and
A heroby pJO
fcr the prompt p
interest on said bonds as the same L.:.cco= due,
6. That all moneys paid to county by the Township of
nlaitf Hiris toward the caplts -i
of said Eec-mr den c-aoe: Disposal Extnsior No, I
pursuant to said oortract of 1960,
by the C=nty Tresur ,'-r in a separate- fort. and bank aecourt to ce
used for oh-: paymnt
- ,- ; t he cool to 1, .4! 4 I and. ..3„
't-nnds an,'1 L-ttU,chr-d ch,uph,ns shuJLl be Thee send
1 717 7 y, ;A; wi a
UNTTED STIES OF
OAKLAND DISPOSAL _ - EVERGREEN SE
t 7
L.LL N7,77,Y BY PRESENTS, :dat h .7, Cc ,xit y cf Os. florid
T2t ;77":"TrIrr ll--, 7717TT'',[77.-n'
'
19 :ccfl t h c r L-L. 7 7(7rt -rr't , CL,
CLI 1 ...L. J. ,•
) .;or 0 ,13nt,m por annum, lo,a-vable
Ecv r 1, fifi ri3 c::t _Lf ;ID
Nay ar'r.: -
are pay.n. mony of the Unita":1 2,tat ,-,-'s of " -rica
prc.a rCL 1,1r-4 tq 71, r th ldflbfl.Y
and s hereto attachod a5 they sPverliv mature,
This bond AS one of IC an]ritCLB or b0:10s ,D.177 It
.:,:xcept as t(--; maturity
consooutivoly in the crect flna ,er ol
001,n. inci ,Isive, g-regating tho principal sum of Four 7g.ndred
,7
/-% .).od. under ana 37:.1.7s1.-,t to
anci, In full - ),tml and qt.t te3 'Thf the
S1'oetc of 15110 C
,0r • •- }7
Public n7 2.),o _ -i „,7 , for no
,-, " ="7., n It •
, 7, 77-i ,
r<7
cot
tori No 1 ,
7:17j.u0 it15 1 to
Bonth.,, of
subject t r( ipricr to ma.trit
after --IeT 'e1, , from tline to standing,, aro
redempt19':1 as C. whole nt th,)::: option of t
on ,..7;_ry• inter,25t patiment da!),,-s
redemption .shall be rc-',2om.
and interost clus a anemLu:
dL.:,e with tho
prlo It1, "_1(r are not
Pond5 maturf on and
:H:fter TYa .7 I, 1976,
d at vaiu
on e-cI: aoc0r-
IIO..e LA) tjc re,J.
onion to TVJior 7
_ yc..0 ,L 1 _J..
on or af
nr ••
fln or
,
but prior
'i•-)n It 1"
holt nrior
r-5
redecr:,td on
on (7,1,
afier
1\7,- -
.1-20r PCdErf
(3c )
in F
en 1 b- L5170n tfl tbe of borz:s called
• • r-` h no,ti ,e ,„.? not T-o.-5.5 thor. thirty
d. rCL r MID t on FL C, C
" ' C 1." ;7' n
1,77AT',
MinhFran, wlo :rrles as a 3.... of its regular service, notices
of the sale of mnicipal bends, Bonds so called for reddtion
shall not bear intorest after the date fixed. for redemption, pro-
vided funds are on hand with the paying agent te redeem ':1-.sd same,
This bond as ts both principal and interest, Is payablb from
moneys to be Daid to I ha Count., y . of Oakland by thi-a. Township of
B?aomfild and the City e: T2loomfield 1-.1.iUs, pursuant to a certain
..ontract dats:_d April lrj.,'.1,o0, between the County of Oakland and
id municipalities, ,±-heby each of ths F7aid municipalities agrees
c pay. It 1.,...:-.e caif County a contain per,...-.-2ntage of the total
hapital cost of said Evrgre .-L Sema Ti'Asposal Systm Extrision
No. 7, in 30 ann -. lhstall..x. •-'-s lb , ..--oalm4 April 1, lq.60. with
iritcP on uhp -16. 1.:ostall,. , .blo Anril 1, 1961, ,L.nd annually
ttr.r.,, ,...:r, Pursuant to tr., ation authorizing the issuance
of bonds, more than a 3./ths vote of
t.h_F.. -.- „:.,,,,rs els:ct 7„-,.r tho Hrvisors 'land Count -Y,
tla aIL f, i1-1,-- , -,.., :dit ',.., -,-----,, of ,-,,-..1,, : n;foni,d,„ is vi,h4„r -%„7,
pledged for , pro:c.pt, ,„, b.„ —fI ,..P
int..: est on th& bon .6-, ,-,_,,...,
, .,.... ill;:-.., ' lc 8 ,
It is hero:* certified, rec -L, 'tlared
conditions and thinF.E reuired to anita,
preceent to and in tat 00 0
,existdd, hav,, hapPened anr1 nave becn pc
and manner as required by the Constitut -ion
St act of Michigan, and that the total indebto
inpludirg this series of bonds, does not dxric
or Auecry limitation,
IN W=.lid J'ii1:.REcF, this .m.ty df Oakland,
Edord. of Superv-isers, has ca ' this .sond to
1:7
no Chairman of said 7 d Ca:: '::;.:1=ViSC!
Cl of the County, and its rporate to
and has caused the annexed intorosT coupons to be
facsimile signatures df sacid. and County Cler14,:, all
the first day of July-, A>0, 7 960,
CP_Tr\rn ,,,T r)T7 "7 ,1"7", .
that all acts,
-den and be performed
of this sorlas,
in dia time, form
at St,'Dtute6 at thu
of said county,
any constitutional
in tts
. - thb County
affixed hereto,
executed with the
by Its s
as of
Number
Cn the Ist day nT
ci Michigan, wrn Pay
A,71. 19> ths County
thra beorr hs:n ,'cl, the sum of
Dollars 1awful money of the
Unit7T—States of A,u-ic,n. at the
in tho City of
same being ttL:t 11_ .ost du ,s on .?'Lat day, on 7 1.s CTt,:lOfld County
c-,:,- ewac Disposal 1-Eyergroon system Extension .Ne. f, July
I, 1960, 1,7-c2--
Oft Indi a) (Facsi to)
Chman cat tEa ncard of
superviors County merk.
3. That t -i-H s a id CondR shall not b. IssuPd unLii the
tLflfl I Tinance Commiss 1,,n of the Stal,c of iitbgan sh-,117 have
first issued 'ft% order -
-y—lp71cm t(-) dc, Rs -provided
' N n' 202. 1i c higan Ac t s'a t 1 9 4 3 ss am c•
ird at ?aL1i a Tftrks .r5 - — L.;„.; Li
o,„. such .order,
.9 Pahiio Wc:rks is ter.1-„Icy cdthorized
said bonds at n„coi accordance
3 of - )'.*s st nt-i at,o a to "e „c
effot the 5.CIC and issuance of F:aid bonds, subjcct to the pre
vision9 of this resolution,
10. A 71 solutions _and part of -1,,e=zolut1ons, insofar as
1.--he same may be in (=flint hcrewitn. are 'hlreby rescinded,
W . bern mov,?.d th.e adoption for7olng 7-er)lutlnn,
which motion was ,'s:upported. by- Mr, Cyril Ml
Yeas:
Allerton, Bender, Bloe, Brickner, Calhoun, Cardon, Carey, Charteris, Cheyz,
Christensen, Clack, Clark, Cummings, Davis, Dickens, Dohany, J. W. Duncan,
R. Duncan, Wm. Duncan, Ewart, Fouts, Frid, Goodspeed, Hall, Hamlin, Heacock,
Hildebrandt, Hoard, Rocking, Holmes, Hulet, Rursfall, Ingraham, Johnson,
Kephart, Knowles, Lahti, Love, MacDonald, Majer, Marshall, McCartney, McGovern,
McPherson, Meichert, Menzies, Clarence Miller, Cyril Miller, Mitchell,
OlDonoghue, Oldenburg, Osgood, Potter, Quinlan, Rehard, Remer, Rhinevault,
Schemansky, Schock, Semann, Sinclair, Smith, Solley, Staman, Stevens, Taylor,
They, Tinsman, Val, Webber, Yockey. (71)
Nays:
None. (0)