Title
March 21, 2002
To the President and the Members of
The Council of the City of Philadelphia
I am returning herewith as requested by your Resolution adopted to day, March 21, 2002, Bill No. 020027, entitled An Ordinance Authorizing the creation of a loan or loans to provide funds for and toward various capital municipal purposes; authorizing the Mayor, City Controller and City Solicitor or a majority of them to sell bonds at public or private negotiated sale; setting for the the capital purposes and the amounts for which the proceeds of the loan or loans will be expended; providing for the maturities and for other terms and conditions and for the form of the bonds; providing that certain bonds may be redeemable prior to maturity; providing sinking funds for the bonds and for appropriations to the Sinking Fund Commission for the payment thereof; authorizing agreements to provide credit or payment or liquidity sources for the bonds and certain other actions; providing for obtaining the consent of the electors to increasing the indebtedness of the City of Philadelphia; and fixing a day for holding the election for obtaining such consent and providing for the arrangements for holding such election, for the purpose of reconsideration by the Council of the vote by which said bill passed Council
Respectfully submitted,
John F. Street