Subscribe | Contact Us | e-Edition | Facebook | Webcam
Times-Union Newspaper | Warsaw, IN Click for Warsaw, Indiana Forecast
weather sponsored by



Lakeside-2016Malibu

home : public notices : public notices May 24, 2016

12/11/2013 12:00:00 PM
WAWASEE SCHOOL CORPORATION - WARRANTS

WAWASEE COMMUNITY SCHOOL CORPORATION
NOTICE OF SALE OF WARRANTS
    NOTICE is hereby given that WAWASEE COMMUNITY SCHOOL CORPORATION (the “Issuer”) has authorized and will make one (1) or more temporary loans to meet current running expenses for the use of the General Fund and the Transportation Fund of the Issuer, in aggregate amounts not to exceed the following for the respective identified funds:
    General Fund [for Warrants issued in anticipation of the receipt of current state tuition support revenue estimated to be received on or before December 31, 2014 (but after the last day of June 2014)]:  $2,000,000 maturing on December 31, 2014;
    Transportation Fund [for Warrants issued in anticipation of the receipt of current tax revenues levied for the year 2013 and in the course of collection in 2014]: $1,800,000 maturing on June 30, 2014, December 31, 2014, or a date fixed by reference to the Issuer’s receipt in settlement of the funds in anticipation of which any Warrant is issued, or any combination thereof, as determined by the Issuer’s officer prior to their issuance.
    Such loans shall be at a per annum rate not to exceed six and one-half percent (6.5%) (the exact rate to be determined by negotiations with the Indiana Bond Bank (the “Bond Bank”) subject also to, following their due date, an alternate rate as provided in a warrant purchase agreement entered into by the Issuer.  The Issuer will issue temporary loan tax and/or revenue anticipation warrants to evidence such loans.  The Issuer has appropriated and pledged the taxes and/or revenues to be received in such funds to the punctual payment of such warrants including the interest thereon.  The Warrants will be sold to the Bond Bank, in Indianapolis, Indiana, pursuant to Indiana Code 5-1.5-8-1 on one (1) or more dates during 2014.  Pursuant to Indiana Code 20-48-1-9, no action to contest the validity of such warrants may be brought later than fifteen (15) days from the first publication of this Notice.                             12-11,18 hspaxlp







Article Comment Submission Form
Please feel free to submit your comments.

Article comments are not posted immediately to the Web site. Each submission must be approved by the Web site editor, who may edit content for appropriateness. There may be a delay of 24-48 hours for any submission while the web site editor reviews and approves it.

Note: All information on this form is required. Your telephone number is for our use only, and will not be attached to your comment.
Submit an Article Comment
First Name:
Required
Last Name:
Required
Telephone:
Required
Email:
Required
Comment:
Required
Passcode:
Required
Anti-SPAM Passcode Click here to see a new mix of characters.
This is an anti-SPAM device. It is not case sensitive.
   


Advanced Search
search sponsored by



Subscription Login
LOGIN | SUBSCRIBE






ExtrasLife
DentalSolutions 3/009

Site Design and Content
Copyright 2016 1up!

Software © 1998-2016 1up! Software, All Rights Reserved