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- A~ '~I~A~C~ ,roYi11n& for the issuance of bonds of Local I.-
:prQyp.~l~nt :Jistriat ~Q. 76~ fixin;;; the aJlGunt at such bon1 i6sue"a-lse
;the date and denoainatiol~ of ~uCh bQ1dS,and orderir~ delivery Gt
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Tile City Council af:'~he Oi ty ,,1' Aliburn do Qrdain as fEtl],.O\1S:
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iection l. That local i.,rove.ent o$n&8 at Local I.preV9~ent
Jistrict ~o.76 of the City of AUburn be issued in th~ aron1e~ and
fQrn ~r0vid~1 by 'rdinance -~9.... 26:l=.of'- the Qrd1-n.anc;tts..otA t11~-i~ty~'~ ~ '"
of AUburn r~n~tinz t'o the issuanG~ of local 111,rovement bOl1dS for
and, on account of the cast and eX1anse ~f makinc i~~rovea~nta pro-
~. vidf'd fer by ordinance "ft,o .527 of' the or1inanc~s of' the 01 ty of
Aupurn"craatingLocal IIpr&V9Dent :Jistrict ~~.767et*said c~ty.,
Sqction 2.. That tl1e total amount of ~said local iaJrov8Bent ~
- bo~ds to; be 1asaad as i~ this ordfnanc~ pr,ovided is heraby f'ixed~ ~
at '"tIle BUD t!t, ,'1-','17.t8,said sma Q~t *1'~.'17.'8 beil,g thS aJlGu.nt
of the Gost and eJeJense of' :'laking the ill.prove_ents under the Jro,,:,
visions of sa1d ,ord1nanap ~Q.~21. reD.ainin,; unJaid after :iabl"'loilary
111-,.1'25. -, . . "' ;:;,'>'!? ,..
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ieotiGn3. That said bo:tls ~Sha!l b~ dated liarch 1')'1'25, Sl1allgr be
in denQrUnations ~ of i.~a'.,QO eaCh ~ceJt the f'1fst nU11bar~1 of '"said
'oonds WhiCh Shall be.-in the f31.U'l ~f $217.08,SiJall -oaar il1t~re.st at
the rate of saven percent Jer annua,Jayabl~ amlual1y,and shal~
]:lavu at taclled thereto intll"r~~t GOUJo~ f~r eaCh intere,st ....aymant.
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;:;";;:'= - ="~ !~c.t.!(j!k 4-. That the 0 i ty Ol~rk of the 01 ty af AUbu.;rn 1s 11erebY =-
_~rd'[l~'..~n::t= dir~ct"'ed to ~1is-?"";..t$ Ji~,;: Jr1nted su"'}:} bel};dsof Loaal
I.~roV'e)'J\ent :Jistrict ~Q. 7p and. that, u.~onexecut.ion ~hareofin the"" =
}l~nnAr Jres~ribfld bylaw and the ~~dinances of said" G,1ty., said.
~O:tty Cler}{ 15'9 and is h$rebY,au.thorized tG sell said bonds and (re-~
: ~6 . liYs-~" SUCh "bQndS to the jurcha.5er or purchasers ~tl>h~reof 11J011 Jay-;. ~
nent to said oity of-the aaount 91' aaounts of tile"'Jril1.ciJal Qt
, \ ~ such bond or bm dS) togeth~:r with :pre.ins and accrued. 1ntert3st, if
~ B any~and that thereU)on the warrants of said Local Im,reve.$nt ~1s-
~rict ~o.76 be r~tired,an1 that said City Clerk~e and is h~rebY
also authorized to sell and 1.:;liver said condS at i;;ipar and accrued
int~r~s:t, if any) in eXQhange for aiyl r.edeJlpt1on of thp warrants
~ draVil1 u.PQnLocal IllJr~Ye:aent l\lnd, :Jistriot ~o. 76 ~ of tlH31Qcal
iJl~rGVen.ellt !\tnds of the 01 ty of AUburn .ro!llli1ning unJaid.
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In.trodu.c~d and Jassed l'Bbnary J: 7,1"2'.
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Mayor.
,0 1 t Y C ler k.
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Attr;st:
Publish~d JBbruary
K}Jr()V'~d. as .t 0 ffJrJl.
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