§ 217-1001. Bonding authority
Said Village at an annual or at any special meeting called for that purpose, is hereby authorized and empowered to vote to borrow money for any of the purposes herein mentioned, and to issue its notes and bonds therefor, and such notes or bonds shall be signed by the trustees and countersigned by the Treasurer of said Village, and if interest coupons are attached they shall be signed by the Treasurer and the bonds or notes shall contain a statement that they were issued for the purposes mentioned and in conformity with the provisions of this charter, and such statement shall be conclusive evidence of the same, and of the liability of the Village to pay such notes or bonds in an action by a person who in good faith holds such notes or bonds. The Village Treasurer shall keep a record of every note or bond issued under the provisions of this charter, therein stating the number and denomination of each note or bond, when and where payable, to whom issued, and the rate of interest thereon; and also shall keep a record of payments, interest, and principal, and if any coupons are taken up shall deface the same.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
