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AN ORDINANCE PROVIDING FOR THE ABATEMENT
OF A PORTION OF THE TAX LEVY

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WHEREAS, the Village of Lombard, a municipal corporation, has heretofore issued its General Obligation Bonds dated November 1, 1989, in the amount of $1,000,000; and

WHEREAS, the Village of Lombard has funds available for the purpose of retiring (a portion of the) principal and interest of the bonds aforesaid that was to be paid from the proceeds of the 1997 tax levy, said principal and interest totaling $87,463.

NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LOMBARD, DUPAGE COUNTY, ILLINOIS, as follows:

Section 1: That the tax levy to be extended for the year 1997 for the purpose of paying principal and interest of the General Obligation Bonds dated November 1, 1989, aforesaid, be and the same is reduced and abated in the amount of $87,463.

Section 2: That a certified copy of this Ordinance be filed forthwith with the County Clerk of DuPage, Illinois.

Section 3: That this Ordinance shall be in full force and effect from and after its adoption and approval as provided by law.

Passed on first reading this _____ day of ___________________________________________, 1998

First reading waived by action of the Board of Trustees this _____ day of _________________, 1998

Passed on second reading this _____ day of _________________________________________, 1998

AYES:

NAYS:

ABSENT:

APPROVED by me this _______ day of ___________________________________________, 1998

______________________________________________
William J. Mueller
Village President









ATTEST:

____________________________________
Lorraine G. Gerhardt
Village Clerk


Published by me in pamphlet form this _____ day of __________________________________, 1998


______________________________________________
Lorraine G. Gerhardt
Village Clerk

APPROVAL AS TO FORM:

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