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Franklin County gives first reading to ordinance authorizing up to $10 million in general obligation bonds
Summary
The Franklin County Fiscal Court gave first reading to an ordinance that would authorize up to $10,000,000 in general obligation bonds and allow a direct annual tax levy, if needed, to cover principal and interest; the reading included references to required disclosure and IRS forms.
Franklin County Fiscal Court gave first reading April 27 to an ordinance that would authorize issuance of general obligation bonds in an aggregate principal amount not to exceed $10,000,000.
The ordinance, introduced during the regular meeting presided over by County Judge/Executive Michael Mueller, authorizes the levy of a direct annual tax on all taxable property within the…
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