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Chanute Tribune in Chanute, Kansas

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Newspaper

Chanute Tribune

Location

Chanute, Kansas, United States of America

Date

Aug 24, 1972

Page

7

City Bonds Parity and Refund Provisions in Chanute Ordinance

Chanute Kansas ordinance details issuance of additional revenue bonds for electric water and gas systems. parity bonds allowed only if conditions met including 140 percent net income tests and full compliance with funds and covenants. refund bonds may be issued with equal pledge, provided certain constraints. section 11 requires deficit funding from available revenues. section 12 outlines investment rules for reserve funds. section 15 grants remedies to bondholders. ordinance takes effect after publication August 14 1972.

Electric Light, Water and Gas System General Fund Electric Light, Water and Gas System City of Chanute State of Kansas Reserve Fund Electric Light, Water and Gas F.d.sc United Sates Federal Land Bank Federal Home Loan Bank Federal Intermediate Credit Bank Federal National Mortgage Association State of Kansas Columbian Securities CO Topeka Chanute Tribune City Neosho County

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