CCR1974242RESOLUTION #242-74
COMMON COUNCIL
OF THE
CITY OF MUSKEGO
RESOLUTION FIXING REFEPANDUI4 DATE
FOR
INDUSTRIAL DEVELOPMENT REVENUE BONDS, SERIES A
(EIUSKEGO RENDERING CO. INC. PROJECT)
NXEREAS, in Resolution 176-73 adopted on October 23,
1973, this Common Council did agree (upon conditions) to issue
industrial development revenue bonds pursuant to Section 66.521
of the Wisconsin Statutes for the purpose of financing an indus-
trial project for Muskego Rendering Co. Inc., a Wisconsin
corporation; and
WHEREAS, in Resolution 143-74 adopted on July 23,
1974, this Comon Council did approve the terms upon which
the aforesaid Bonds were to be issued and, in conformity with
Section 66.521(10) of the Wisconsin Statutes, did direct the
publication of notice to electors regarding the City's intention
to issue the Bonds; and
WEPAAS, the Notice to Electors was published on
August 22, 1974 in The Sun, the City's official newspaper for
the publication of legal notices; and
UHEREAS, the City Clerk has advised that within 30 days
following said publication, a petition signed by more than 5%
of the registered electors of the City was filed with the City
Clerk requesting a referendum upon the question of the issuance
of the Bonds; and
WHEREAS, it is desireable to fix the procedures for
the holding of such referendum;
NOW THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL
OF THE CITY OF MUSKEG0 AS FOLLOWS:
1. The referendum shall be held at the November 5.
1974, general election.
2. The notice and the ballot need not embody a copy
of the aforesaid resolutions of this Common Council pertaining
to the Bonds.
3. The question which shall appear on the ballot
shall be:
"Shall the City of Muskego aid the Muskego
Rendering Company, Inc. in financing the
construction and equipping of a rendering
plant located in the city by issuing
$1,000,000.00 of industrial development
revenue bonds pursuant to Section 66.521
of the Wisconsin Statutes, which bonds shall
never constitute an indebtedness of the city
and shall not constitute a charge against the
general credit or taxing powers of the city?
For Bonds @ Against Bonds" n
4. Except as provided herein or in Section
66.521 of the Wisconsin Statutes, the referendum shall be
noticed, called and conducted pursuant to Section 67.05(5)
of the Wisconsin Statutes
* * * * * *
PASSED AND APPROVED this ')'O-day 2 of&yW, 1974.
ATTEST :
u City Clerk
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