When the Village Council intends to issue bonds, it shall adopt a standard resolution and notice of intent which shall be in the following form:
"WHEREAS, the Council of the Village of Homer, County of Calhoun, Michigan, intends to authorize the issuance and sale of said Special Assessment Bonds in the amount of $____ in anticipation of special assessments to be levied for the purpose of defraying the special assessment district’s share of the following described public improvement:
AND WHEREAS, M.C.L.A. § 117.5(g), as amended, requires that notice of intent to issue bonds be published at least thirty (30) days prior to the adoption of any resolution authorizing the issuance and sale of bonds;
NOW, THEREFORE, be it resolved that the Village Clerk of the Village of Homer is hereby directed to cause notice of intent to issue bonds to be published in a newspaper of general circulation in the Village of Homer, within ten (10) days from the date of adoption of this resolution, said notice to be in substantially the following form:
NOTICE OF INTENT TO ISSUE BONDS BY THE VILLAGE OF HOMER, COUNTY OF CALHOUN, MICHIGAN.
Take notice that the Council of the Village of Homer, County of Calhoun, Michigan, intends to adopt a resolution authorizing the issuance and sale of the following described bonds: Special Assessment Bonds $____.
Said bonds are to be issued for the purpose of defraying the special assessment district’s portion of the following described public improvement:
Said Special Assessment bonds shall be payable through special assessments and shall also be a general obligation of the Village of Homer.
This notice is given pursuant to Section 5(g) of Act 279, Public Acts of Michigan, 1909, as amended."
(Prior Code, § 442.23)