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Saline Reads Ordinance for Water System Revenue Bonds
The Saline City Council adopts an ordinance to issue additional Water Supply and Sewage Disposal System Revenue Bonds Series II totaling twenty thousand dollars to fund additions and improvements. Proceeds deposited at The Citizens Bank of Saline with a Bond Reserve Account and a pledge of system revenues to secure principal and interest. Bonds issued under the 1954 ordinance and subject to Act 94 provide redemption options and tax exemptions. The ordinance includes publication, registration, and adoption details with current council vote.
MENTIONED IN THIS ARTICLE
Citizens Bank of
Saline, Saline, Michigan
Federal Reserve System
United States of America
Saline
Washtenaw
State of
Michigan
City Bank
Detroit
City of Saline
City of
A. D
County of
State of Michigan
Saline Reporter
Leutheuser
Deede
Kern
Hill
Wolfin
Henry Leutheuser
E. J. Muir