R-22-013
RESOLUTION
AUTHORIZING THE MAYOR AND CITY TREASURER TO ISSUE BONDS NOT TO
EXCEED SIX MILLION TWO HUNDRED EIGHT THOUSAND THREE HUNDRED
TWENTY-FIVE DOLLARS ($6,208,325) FOR THE CITY’S SEWER
INFRASTRUCTURE PROGRAM AND SEWER STRUCTURES
CITY OF NASHUA
fn the Year Two Thousand and Twenty- Two
RESOLVED by the Board of Aldermen of the City of Nashua that the Mayor of the City
of Nashua and the City Treasurer are hereby authorized to issue and sell general obligation bonds
of the City in an aggregate principal not to exceed Six Million Two Hundred Eight Thousand
Three Hundred Twenty-Five Dollars ($6,208,325). The proceeds of said bunds shall be used for
the Sewer Infrastructure Program project and Sewer Structures. The project provides for
rehabilitation or replacement of broken, obsolete or failing sewer pipes, catch basins and
manhoies. This program alsc funds repairs on an emergency basis due to unexpected sewer
failures, The useful life of said program is 50 years.
Pursuant to Nashua City Charter $54-a, this resolution requires a “duly advertised public
hearing.” Also see NH RSA 33:9, which requires a 2/3 vote of all members for passage of this
Resolution.
The bonds shall be general obligations of the City of Nashua, payable as to principal and
interest from ad valorem taxes, which will be levied without limitation as to rate or amount on all
taxable property within the territorial limits of the City of Nashua.
The bonds shall bear the manual or facsimile signature of the City Treasurer and the
Mayor. In accordance with Chapter 91 of New Hampshire Acts of 2005, bonds issued pursuant
to this resolution shall not require an authenticating 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 Administration.
The bonds are to be issued in fully-registered fonm by means of a book-entry system or
otherwise and shall have such terms and conditions and be in such form, subject to the provisions
of this resolution and applicable law, as shall be determined by the Mayor and the City
Treasurer.
