Unit 4's official Notice of Intent to issue working cash bonds

For those, like me, that like to find information online, here is a snippet of the School District’s official Notice. I don’t know why, but something about the way the NG online is set up does not allow you to directly link to it.

 

NOTICE OF INTENTION OF

COMMUNITY UNIT SCHOOL DISTRICT NUMBER 4

CHAMPAIGN COUNTY, ILLINOIS

TO ISSUE $14,500,000

WORKING CASH FUND BONDS

PUBLIC NOTICE is hereby given that on the 27th day of February, 2012, the Board of Education (the “Board”) of Community Unit School District Number 4, Champaign County, Illinois (the “District”), adopted a resolution declaring its intention and determination to issue bonds in the aggregate amount of $14,500,000 for the purpose of increasing the Working Cash Fund of the District, and it is the intention of the Board to avail of the provisions of Article 20 of the School Code of the State of Illinois, and all laws amendatory thereof and supplementary thereto, and to issue said bonds for the purpose of increasing said Working Cash Fund. Said Working Cash Fund is to be maintained in accordance with the provisions of said Article and shall be used for the purpose of enabling the District to have in its treasury at all time sufficient money to meet demands thereon for expenditures for corporate purposes.

A petition may be filed with the Secretary of the Board (the “Secretary”) within thirty (30) days after the date of publication of this notice, signed by not less than 5,913 voters of the District, said number of voters being equal to ten per cent (10%) of the registered voters of the District, requesting that the proposition to issue said bonds as authorized by the provisions of said Article 20 be submitted to the voters of the District. If such petition is filed with the Secretary within thirty (30) days after the date of publication of this notice, an election on the proposition to issue said bonds shall be held on the 6th day of November, 2012. The Circuit Court may declare that an emergency referendum should be held prior to said election date pursuant to the provisions of Section 2A 1.4 of the Election Code of the State of Illinois, as amended. If no such petition is filed within said thirty (30) day period, then the District shall thereafter be authorized to issue said bonds for the purpose hereinabove provided.

By order of the Board of Education of Community Unit School District Number 4, Champaign County, Illinois.

DATED this 27th day of February, 2012.

Tom Lockman

Secretary, Board of Education,

Community Unit School District Number 4,

Champaign County, Illinois

Sue Grey

President, Board of Education,

Community Unit School District Number 4,

Champaign County, Illinois

1116272 3/1

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One Response to “Unit 4's official Notice of Intent to issue working cash bonds”

  1. pattsi Says:

    Throwing down the gauntlet–22 signatures so far. 🙂


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