Dear Citizen,
On behalf of the City of Graysville it is my pleasure to welcome you!
Graysville was incorporated in 1917, has a population of approximately 1,500 and easily accessible from Highway 27 and State Highway 303.
Latitude 35.446 N / Longitude 85.084 W Eastern time zone.
We pride ourselves in being a small city with a big heart.
The Board of Commissioner of the City of Graysville, Tennessee, met in a Regular session October 13, 2011. The following resolution was adopted:
INITIAL RESOLUTION authorizing the issuance of a not to exceed $376,000 Water Revenue and Tax Bond, Series 2011 of the City of Graysville, Tennessee.
BE IT RESOLVED by the Board of Commissioner of the City of Graysville, Tennessee for the purpose of financing in part the construction of essential public works or facilities, consisting of waterworks system improvements and extensions, there shall be issued a bond of said municipality in the aggregate principal amount not exceed $376,000, which shall bear interest at a rate not to exceed three and three-quarters percent (3.75%) per annum, and which shall be payable from revenues of the waterworks system, and in the event such revenues are insufficient therefor, from ad valorem taxes to be levied on all taxable property within the municipality.
BE IT FURTHER RESOLVED, in anticipation of the issuance of this bond, the municipality may issue one or more bond anticipation or capital outlay notes in an aggregate principal amount not to exceed $376,000 and bearing interest at rates not in excess of the maximum rate permitted by applicable law, and may enter into loan agreements with a public building authority in connection therewith, which notes shall be payable from the sources described above, and from the proceeds of the sale of the bond.
NOTICE
The foregoing resolution has been adopted. Unless within twenty (20) days from the date of publication hereof a petition signed by at least ten percent (10%) of the registered voters of the municipality shall have been filed with the Recorder protesting the issuance of the bond, such bond will be issued as proposed.
Michelle Horton Recorder