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Section 1. That Local Improvement 30nds of Local Improvement
District No. 68 of the Oi ty o~f Auburn be is,sued in the ma:r:ner and form.
provided "by Ordin8n ce No. 261 of the ordina1 ces of t-he City or 1.:uburn-'
relating to the iss,uance of Local Imp;rovement Bonds, for and on account
of the expense and cQst of making improvements pr04ided for by Ordinance
no. ~ 500 of the ordirian-ces of the City of Aubum, creating Local Im~
provement District No\ 68~Qf said city. - /'
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Section 2. That the total amount of sa.id Local Improvement Bonds,
to be issued 88 _ in this 'ordinance provided, is hereby fixed at the sum
of 0 1.535.49 _ , sa'~d sum of $ 1.535.49 being the amount
of the cost and expense of\making the improvements ordered to be
made by the provisions 0 f sa.id Ordinance No. 500 remai ning unpaid.
after~ May 11. \, 1924. I
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Section 3. That said bond~ shall be dated June 11 , 1924;
shall be in denominations of $10~r"Oo each, (3Jwept the first numbered
_ of said bonds which shall be in 1;11e sum of ~ I :3 ,1.,,- Lf Cf ; shall bear
interest at the rate of 7 per cent\per annum, payable annually, and shall
have attached thereto interestoupo,?S for each interest payment.
_ == ..... ..Sect-ion..,.4._ Th~t_i],h~ c~ty' Clerk of the City of Aubum is hereby
ordered and directed to cause.....to be~ pr4:nt-ecl=auch /:tonds of"~~o.Qll.l__Jm-
provemGnt District No. 68,/and tl~, upon execution thereof in ~he=
manner l)rescribed by la'!/and the ordinal ces of said City, sa~d City
C~rk be an~ is ~erebv authorized to sell'saia bonds ~na deliver such
bonds to the purchase~or purchasers thereof upon p8~ment to said clty
of ~he amount or amo~nts of th~ principal of\such bonds or bond, together
with premiums a110, a9rCruec1 interest, if any ,8.l1(1 thr't thel'eupon the vla~o-..ants
of said Improvemen tf D:is trict No. 68 be retired, an 0_ that se.td City Clerk
be ano. is hereby 8,~thoTize.d also to 0_eli ver 8no sell ~~~~
ano accrued interest, if any, in exchange for and redemption or'said ,-'
Local Improvemf}-6t Fund, District l~o. 68, remaining Unl)aid. 1\
S~ction 5. )!hat ~}^'is 0 ora~~nJ:)ce 811[111 t8ke effect alld 1)~ ir. force
flve ctE',YS"YO,-.l Pi1C1 8.:~'GeJ: 1-':i8 -"'as,ee.;e" ap-i)roval and publlcatlon as
req,Uireal0 law. .. .,
; , Introduced ana passed June 3, 1924.
~ I Aporoved ~une 3, 1924. ~
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528
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n o. ..d c O.
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o R DIN A N C E
AN ORDIDANCE providing for the issuance ,of bonds of Local _c
Improvement District No. 68, fixing the amount of such bond issue
and also the date and denomination of such bonds, and ordering
delivery of such bonds.
The City Council of the City of Auburn do ordain as follows:
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Attest:
,
Mayor.
. City Clm-rk.
Approved as to form,
Published U.u~e 6, 192~.
~.J1~ .~,~h.MP-I
,City Attorney. ~
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