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Elizabethtown holds first reading of up to $47 million bond for outdoor music venue
Summary
City council held a first reading of an ordinance authorizing up to $47 million in general obligation bonds to finance an outdoor music venue; the bonds would be backed by a bond tax only if other revenues proved insufficient, the council was told.
Elizabethtown City Council held a first reading on March 17 of an ordinance authorizing the issuance of general obligation bonds in an amount not to exceed $47,000,000 to finance the acquisition, construction and equipping of an outdoor music venue. A summary prepared by David Malone, bond counsel for the city, was read aloud at the meeting.
The ordinance authorizes the establishment of funds and…
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