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o R :D I -f; A \~ 'l: -s 0 . 556.
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A~; OJU:I;\.A0~~ ~rovid.lng for t1'l~ issuanc(~ of "bondS of Local Im-
~rovement lllstrict "(AO. 7-1', fixing the amount of SUCh bond issue~
also th0 date and denominations of SUC11 bondS,and ordering the de-
livery ot such bandS.
The tllty 00uncil of t:ne glty of AUburn.d.o orda1n as to-l-lowS:
S:;;ction1. Tllatlocal im.,rovement bondS ot Local Il.1ijlrOV~m~n.t
District }50.7-1 ot the '1ty ot AUburn be issued in the manner ana' .
form provided by Ord1nance ~0.26~ of the Ordinances of th~ City ot
AUburn relatinG to tIle issuance of .local lm]arov91~911t bondS tor and
on 8.cco'Unt of t:i:l<? cost and. exp-ens~ of l:iakinG imE:rOV9r:lents Jrovid.ed.
tor .oy Ol~dinance l~O.515 ot tlle ordinances ot t:rle lity ot AUburn
creating Local ImJrovement :J1strict -{:'\0.11 ot said t1ty..
I~ction 2. That the total amount ot said. local im~rovement bondS~
to be lssue1 as in thiS ordir~nc0 ~rovided,is her~bY fix~ at the
sum of ;...3 a-!> Jill. sal1 sum. ot $ 3 ~ h 3.~~ b9inc; the amount ot
the cost aAd. ex-pehS9 of maldng th~ 'improvements to be :made by the
]:rovisions of said ordinance 1tO.5l5 :cemain1ng un-laid after .~ovem-
ber '17,'1924..
S~ction 3. That said..bonds Shall be dated. :Jec~mber '10,'1924,Sha11
be in denominations of ; ~OO~ eaCh exc~pt the first numbered
ot said bondS Whicl1 Shall be in the sum ot * ~.3."{ 7 . ,Shal'l bear
int;?rest at the rate ot 7 ]ler c'?nt Jer annum.,}layable annually.and
Shall have attaChed thereto inter~st couJons tor each interest ,ay-
men t .'
,::r~."~
iPction 4. That tlH~ eity tlerl\: ot the 11ty ot Au.burn is herebY
or1ered and. c1irected. to caus."" to be printed such bendS of Local Im-
JroVeli1~r..t :District \}.0.7'1 and. that, uLJon execution thereof in the
manner prescribed bylaw and. thl3 ordinances ot said city, said (Jity
~l'?'rl( be and. is hereby authorized to sell sa14 bendS and. deliver
Such bon~ to the ~urchaser or Jt~chas~rs th~reof u}on pa~nent to
said city of th~ amount or amounts of th0 ,rinci}al of such bond.
or 'oond.S,tog9t11er with ~remi1.:l..'l':J.S and. accrued int€irest,it any.and.
that thereupon the warrants of said Local Improvement ~istrict 00.
71 be retired,and that said lity Ilerk be and is also hereby author-
ized to sell and 1eliver said bon1s at }a:r and accrued. int9r,?st" it
any, in eXchange for and r9d'?ml~tlon of tI10 wal'rants drawn u:@on Local
IT:!.L"rOV(7lr:'?nt :J\;l.nd, :District ';;0.7'1, of the local 1::~rovement funds
of tl'::.S! $ i ty of AUburn, renlaining Un-ia11.
Intro1uc'?1 and ]ja8Bed '.~ov':!mber '18,1924.
Approved 'l'ovember '18,'1924.
Att.:::st:
A?2rov~d as to form.
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Publisl"le1 ,..ovemb er /Lo Jl921~.
--' ~ i ty Attorney..