R-18-081
RESOLUTION
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS
NOT TO EXCEED THE AMOUNT OF SIX HUNDRED SIATY THOUSAND DOLLARS
($660,000) TO PURCHASE A NEW PUMPER TRUCK FOR THE FIRE DEPARTMENT
CITY OF NASH
in the Year Two Thousand and highteen
RESOLVED by the Board of Aldermen of the Cit ‘y of Nashua that the Mayor of the City
Nashua and the City Treasurer of the City of Nashua a are hereby anthoriz edt io issue and sell
wen eral obligation bonds of the City in an aggregate principal not to exceed six hundred Sixty
th I
iousand dollars ($660,000). The proceeds of said bon. ds cha ll be used to pure chas sé a new
purnper truck for the Fire Department. The useful life of the truck j is fifteen years.
Pursuant to Nashua City Charter § 304-a, this resolution requires a “duly advertised public
hearing.” Also see N.H. RSA 33:9, which re yuires a 2/3 vote for passage of this resolution.
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The bonds shall be general obligations of the City of Nashu ua, payable as to principal and
interest from ad valorem taxes, which will be levied without Hin wiahon a§ to rate or amount on all
taxable property within the territorial limits of the City of Nashu
The bonds shall bear the manual or facsimile signature of the City Treasurer and the
Mayor. In accordance with Chapter 91 of the New Hampshir re Acts of 2005, b bonds issued
pursuant to this resolution shall not require an authentic: ating certificate of a bank or trust
company doing business in the State of New Hampshire or The Commonwealth of
Massachusetts, or the Commissioner of Revenue Aaministration.
The bonds are to be issued in fully-registered form | by means of a book-entry system or
otherwise and shall have such terms and conditions and be in such form, subject to the provision
of this resolution and applicable law, as shall be determined by the Mayor and the City
Treasurer.
RESOLVED FURTHER, that the Mayor is authorized to enter into the required
contracts therefor as well as any amendments to | be made thereto or anv other documentation
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necessary for the receipt of said fands,
