HomeMy WebLinkAboutResolution 1977 (82)ESOLTIO
TEMPORARY LOANS
WHEREAS, THE COUNTY -OF ST. CROIX, WISCONSIN, may need a temporary loan I
money to pay itscurrent and-ordinaryexpenses; and
WHEREAS
. j County Board deems r. the safety ..interesto
said County that the sum hereinafter mentioned may be borrowed in order to pay
the current r ordinary . of • County,required,
AOW THEREFORE BE IT RESOLVED THAT the County
Board of St. CroixCounty, inm
order o pay thecurrent and ordinary 1 •'. County,bauthorize
Treasurer of said County to borrow 60.to the sum of $250,000.00, and to
evidence
shallthe County Clerk and County Treasurer of said County execute and deliver
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they from time to time may determine, which notes shall bear interest at the rate
of not more than 7 % per annum allowable by the Laws of the State of Wisconsin,
said notes to be dated at such time as the Chairman of the County Board, the
County Clerk and the County Treasurer shall deem advisable in order to borrow
money for the purpose herein stated and maturity date shall be determined at the
time such loans are executed and shall be signed by the Chairman of the County
Clerk and the County Treasurer of said County be and they are hereby authorized 2.1
draw orders from , . e County Treasurer of St. CroixCounty for the purposs
if repaying said loans out of current funds.
1_, r_1977.
�,e our/uanm
Lyle�ellaer�,
® P. Roc —
'No —man E. Anderson
imended to _, . ,"Pertains to budge