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13-1938
| 1 | | EXTENSION OF THE MATURITY DATE OF A PREVIOUSLY APPROVED LINE-OF-CREDIT AGREEMENT | Resolution | PROPOSED RESOLUTION
FOR THE APPROVAL OF AN EXTENSION OF THE MATURITY DATE OF A PREVIOUSLY APPROVED LINE-OF-CREDIT AGREEMENT AND RELATED DOCUMENTS
WHEREAS, Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois provides that “a County which has a Chief Executive Officer elected by the electors of the County ... (is) a Home Rule Unit” and The County of Cook, Illinois (the “County”), has a Chief Executive Officer elected by the electors of the County and is therefore a Home Rule Unit and may, under the power granted by said Section 6(a) of Article VII of the Constitution of 1970, as supplemented by the Local Government Debt Reform Act, as amended, the (“Act”), exercise any power and perform any function pertaining to its government and affairs, including, but not limited to, the power to tax and to incur debt; and
WHEREAS, the County has the power to incur debt payable from any lawful source and maturing within 40 years from the time it is incurred without prior referendum approval; and
WHEREAS, the Board of Commissioners of the County (the “Board | recommend for approval | Pass |
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13-1961
| 1 | | Proposed Bond Ordinance Amendment | Ordinance Amendment | PROPOSED ORDINANCE AMENDMENT
AN AMENDEMENT TO THE Master Bond Ordinance
AN ORDINANCE amending Master Bond Ordinance Number 11-O-69 adopted on the 27th day of July, 2011, as previously amended, to name additional financing teams and authorize the issuance of certain refunding bonds.
WHEREAS, the Board of Commissioners (the “Board”) of The County of Cook, Illinois (the “County”), heretofore adopted on the 27th day of July, 2011, Ordinance Number 11-O-69 entitled, “An Ordinance providing for the issuance of one or more series of General Obligation Bonds of The County of Cook, Illinois” (the “Bond Ordinance”); and
WHEREAS, the Board amended the Bond Ordinance on the 7th day of September, 2011, pursuant to amending Ordinance Number 11-O-70 (the “First Amending Ordinance”) entitled, “An Ordinance Amending Ordinance Number 11-O-69 adopted on the 27th day of July, 2011, by the Board of Commissioners of The County of Cook, Illinois”; and
WHEREAS, the Board further amended the Bond Ordinance on the 1st day of May, 2012, pursuant to amending Ordinance Number 12-O-21 (the “Secon | recommend for approval | Pass |
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