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<br />ORD IKAc,," CE
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<br />3
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<br />1983
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<br />¡œ ORDINANCE OF THE CIVIL TO,,']\ OF !'100RESVILLE AUTHORIZI;\G,,,E I "5r.~\,:T AS]; SALE or
<br />BONDS OR or PUBL] C lhTJEBTEDNESS FOR SAID CTVTL TO,,1\ FOF, "¡OE ;,',il'OSE UP PHI'\'IDŒG
<br />FUKDS TO BE APPUED ON THE COST OR CONSTRUCTIOK AND REcm:STRè1C:'IOK or J!;T'IA~;APOLIS
<br />ROAD A]@ MAIN STREET TOGETHER WITH THE APPLICATION or ASP"ALT TO THE FOILO~ING ROADS:
<br />FAIRL~KE DRIVE, '"'ESTBROOK DRIVE, CRESTWOOD DRIVE, WEST 1-:ASHI"GTOK STREET, \,;EST SOUTE
<br />STRC:ET, BY-IDGE STREET, CENTER LA'Œ, ST. CLATR STREET, GKEE\~"'OOD DRIVE AI,D CHURCH STET",
<br />TOGETHER ,,'I TH THE ŒCIliE:>TAL EY.Pr:~SES IN CŒ0:ECTIOK IHERE',,'1 IT ,,,"'iT! ON AC;,('''NT OF THE
<br />Issrk"CE OF BONDS OR or GOING INTO DEBT
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<br />~~ER~~S, a petition has been filed by o~ners of taxable real estate in the To~~
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<br />of Mooresvi]le requesting the Board of Trustees to authorize the issuance of bonds fo~
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<br />t}Je purpose of procuring funds to be applied to the cost of construction and reconstr~=-
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<br />tion of Indianapolis Road and Main Street together with the application of asphalt tc
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<br />the following roads: Fairlane Drive, Westbrook Drive, Crestwood Drive, West Was}lin~t~'~
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<br />Street~ West South Street, Bridge Street, Center Lane, St. C1air Street, Gre~nwood
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<br />Drive and Church Street, toget'her wi th tr]e incidental e):p(~nses in connection t'herc\o..'-:: t'!.
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<br />and on 8ccount of the issuance of bonds or of going into debt therefore, which petiti:''l.
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<br />the Board of Trustees finds to be in due form, properly verified by tbe signers there':,
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<br />and certified by thE: Auditor of Morgan County as being signed by more than fifty (50')
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<br />o\o..~ers of taxable real estate in the Civil To~~ of Mooresville; that said petition in
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<br />all ways confoYills to the requirements of the provisions of Indiana Code 6-1.1-20-3;
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<br />no\o,.~, ttJE:-refore,
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<br />BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE CIVIL TOlm OF MOORESVILLE:
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<br />Sf-'ct.ion ]. 'That the Civil Town of Mooresville shall obtain a loan in the amoun:'
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<br />of $]35,000.00 for the purpose of procuring funds to be applied on the cost of the
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<br />construction and reconstruction of Indianapolis Road and !-~ain Street togetr¡er with
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<br />the application of asphalt to the following ro~ds:
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<br />Fairlane Drive, ~estbrook Drive,
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<br />Crestwood Drive, West Washington Street, West ROlIth Street, Bridge Str~et, C~nter L~!n~.
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<br />St. Clair Street, Greenwood Drive and Church Street together with the iIìcidpntal
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<br />Exp~llses in connection tl1erewith and on the account of the issuance of bonds or g(lin~
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<br />into debt tìll~reíore.
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<br />Sf>('tjon 2. In urder to procure said loan, the Clerk-Treasurer is lIereby
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<br />;-¡ut!¡()r1/i'd :ind cLi ré'cted to have prepared, and to issue and sell the negotia1>le t>'TlE,;?~
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<br />('blit:i1tiun b~Hlès of tr¡e to~"TI to be d.::::s-igr,atèd as ">1unicipal Bonds of 1983" in tl¡e
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<br />aggrc"gate principal 2TTIOunt of $135.000.00, ....,¡¡ic'll bnnds shall be issued in the
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<br />denc)T1yin;:¡il0n of five Trll,~;sanè Dollars ($:1,(100.00) E'deh.
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