Consider adopting RESOLUTION OF THE MAYOR AND CITY COUNCIL OF THE CITY OF LAUREL, MISSISSIPPI (THE "CITY"), DIRECTING AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES 2024, IN ONE OR MORE SERIES, OF SAID CITY IN THE MAXIMUM PRINCIPAL AMOUNT OF THREE MILLION ONE HUNDRED FIFTEEN THOUSAND DOLLARS ($3,115,000) TO RAISE MONEY FOR THE PURPOSE OF PROVIDING FUNDS FOR (I) CONSTRUCTING, MAINTAINING, RECONSTRUCTING, IMPROVING, AND REPAIRING ROADS AND STREETS AND ACQUIRING RIGHTS-OF-WAY THEREFORE IF NECESSARY; (II) ERECTING, REPAIRING, IMPROVING, EXTENDING OR MAINTAINING WATERWORKS OR WATER DISTRIBUTION SYSTEMS, AND REPAIRING, IMPROVING AND EXTENDING THE SAME; (III) ESTABLISHING ERECTING, REPAIRING, IMPROVING, EXTENDING OR MAINTAINING SANITARY, STORM, DRAINAGE OR SEWERAGE SYSTEMS; (IV) CONSTRUCTING, MAINTAINING, RECONSTRUCTING, IMPROVING, AND REPAIRING BRIDGES AND CULVERTS; AND (V) FOR OTHER AUTHORIZED PURPOSES UNDER MISSISSIPPI CODE OF 1972 SECTIONS 21-33-301 ET SEQ., AS AMENDED AND SUPPLEMENTED FROM TIME TO TIME, PAYING THE COSTS OF BORROWING; AND FOR RELATED PURPOSES.

Committee

City Council

Requested by

Administration Department

Introduced

May 28, 2024

On agenda

June 4, 2024

Passed

June 4, 2024

Where it was heard

City Council Jun 4, 2024 adopted Pass