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Newspaper
Polk Progress
Location
Polk, Nebraska, United States of America
Date
Nov 23, 1961
Page
6
Polk Nebraska ordinances authorize six thousand dollar sewer revenue bonds to fund a sewage treatment plant. Bonds dated November 1, 1961 bear 4.5 percent interest, payable from Polk sewer system revenues, with serial maturities and covenants limiting indebtedness.
Village of Polk Nebraska will pay bearer interest on its 1961 sewer revenue bond at Osceola out of the sewer revenue fund. Coupon dated the 1st day of 19, with payment due on call or as provided, signed by village clerk chairman and board of trustees.
The document outlines bond issuance for Polk Village sewer system funding. It covers transcript procedures, pledge of sewer revenues, fiscal year operation, and creation of dedicated accounts for operation and maintenance, bond interest, reserve, and surplus. It specifies monthly fund allocations, investment rules, and priority of debt service over operating costs.
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