Loading...
HomeMy WebLinkAbout555 " ' ~,-..,~ .." .. ., ,'" ~,y .,-y .'" . QR:JI11A1S'i.Jl -s10. 5.55. :-:-:-:-:-:-:-:-:-t A1J OitJI11A11'Jl JroT1d1nc for the lssw.anee of bondS ot Loca-~ II1- Jrovement :Jlstr1ct ~O.7..t1X1ng the amOl1.nt of such bend 1Sft.., also the date anddenom1nat1on of SUCh bonds. and orderlnc the de- -l1ver,y of sUCh bendS. "'.._.,....,.....,--~"":""'-.~~,. -._~-'~- .e '1ty 'oltncl-l. or the '1ty ot A.burn do ordaln &8 to-Hft': sect10n ,1.. That .1:oca1: 1m:provement bondS ot Local Im,rovement >>1str1ct ~o.7G of the C1ty of AUburn be 1ssued 1n the manner and form. :prov14<<t by Ordlnance 110.26-1, ot the ordlnances ot the '1ty or AUburn relat1ng to the 1ss\lance ot -1:ocal 1m.JroTement bondS tor and on account ot the cost and ex,pense ot mak1ng 1mJroTements JroTlded tor by ird1nance ~O.51-4 ot the ordlnances of the .1 ty of AllblU'n creating Loca~ Im,rovement :J1str1ct ~o.7i ot sa1d '1ty~ lect10n 2. That the total amount Qt sa1d -local im:provement bonds, to be 1ssued as 1n th1s ord1nance :provlded.1S hereby flxed at the sum of .~ 3S.b.E><.sa1d sum of .-Lt.3~{.,.f~ be1ng the amount ot the cost anh ex:pense ot making the~ts to be mad.e by the :prov1s1ons of sa1d Ord1nance 11o.51~ rema1n1~ unJald after 11ov~ ber -17'.,1:924. lect10n 3. That said balds shal.l be dated :lecernber '1:0.'1924,S11a-J:1: be 1n denom1nat1ons of . =! 0 0 ~o . eachexce:pt the t'1rst numbered ot said bondS Which Shall be in tfte sum of tJ <j{ ~. h~~ . . SJ:la,.ll bear in- terest at the rate of 7 per cent Jer ~,Jaya~le annU~ly.and Shall have attaChed thereto interest couJons for each interest :payment. lection If.. That the lity 'lark ot the 11ty of AUburn is hereby ordered and directed t (;) cause to be Jr1nted such bondS of LOCal; I~rovement ~1strlct ~o.7Q and. that,uJon execution thereof 1n the manner Jrescr1bed bY .law and the ordinances of said. clty,sa1d '1ty e1erl{ be and is hereby autl10rlzed to sell said. bondS and. del.iver suell bOl1.d.S to the 1lurc11aser or JiUrCl~Sers thereof u,on ,ayment to said. city of the amount or amounts of the ~r1nciJal ot SUCh bond or ben dS. together with Jrem1ums and. accrued interest, it any, and tha t thel'eU~on the w'arrants of said. Local Im}rOVement :Distr1ct rlo. 70 be retired, and that said 'i ty Ilerk be and. is alSO hereby author- ized to sell and deliver said. bondS at liar and acclll~1 1nt,arest,1f ar:y, in eXChange for and redem:@t1on of tll€: warrants d.rawn u:pon Local Im~rovement JUnd.~istrict ~o.7Q,of the ~ocal 1m~rov'ament tunds ot tll~ (;1 ty of AUburn, rem.a1nin[: unpa1d.. At t eS t : Introduce'd 211.1 i'asSed "{:\OVember -1:8,1924. AlIprov~1 ';:.ovem.ber '18,192lf.. p1;t:!l~1;;1~-;:I~Yor. A}~roved as to form. ~~~~~. Pi..l~'Jlislled '':,Qvr:?I:lter A 1924. --' II 1 ty At t orney.