Laserfiche WebLink
<br />.~ <br /> <br />-.. <br /> <br />r <br /> <br />~ <br /> <br />r <br /> <br />678 <br />ORDINANCE NO. ~ <br /> <br />AN ORDINANCE Providing for the issuance of bonds of <br />Local Irnprovement District No. 93, fixing the amount of such bond <br />issue, also the date and denominations of such bonds, and ordering <br />delivery of such bonds. <br /> <br />THE CITY COUNCIL OF THE CITY OF AUBURN DO ORDAIN AS <br /> <br />FOLLOWS: <br /> <br />Section 1. That Local Improvement Bonds of Local <br />Improvement District No. 93 of the City of Auburn be issued in the <br />manner and form provided by Ordinance No. 261 of the Ordinances of <br />the City of Auburn relating to the issuance of Local Improvement <br />Bonds for and on account of the cost and expense of making improve- <br />ments provided for by Ordinance No. 659 of the Ordinances of the <br />City of Auburn creating Local Improvement District No. 93 of said <br />City. <br /> <br />Section 2. That the total amount of said local improve- <br />ment bonds to be issued as in this ordinance provided is hereby fixed <br />at the sum of $2,031.21; said sum of $2,031.21 being the amount of the <br />cost and expense of making improvements under the provisions of said <br />Ordinance No. 659 remaining unpaid after March 30, 1929. <br /> <br />Section 3. That said bonds shall be dated April 20, <br />1929, shall be in denominations of $100.00 each, except the first num- <br />bered of said bonds which shall be ih the sum of $131.21, .hall bear <br />interest at the rate of seven (7) percent per annum, payable annually <br />and shall have attached thereto interest coupons for each interest <br />payment. <br /> <br />Section 4. That the City Clerk of the City of Auburn <br />is hereby ordered and directed to cause to be printed such bonds of <br />Local Improvement District No. 93 and that, upon execution thereof <br />in the manner prescribed by law and the ordinances of said City <br />said City Clerk be and is hereby authorized to sell said bonds <br />and deliver such bonds to the purchaser or purchasers thereof on <br />payraent to said City of the amount or amounts of the principal <br />of such bondJ or bonds, together with premiuras and accrued interest, <br />if any, and that thereupon the warrants of said local improvement <br />district No. 93 be retired and that said City Clerk be and is <br />hereby also authorized to sell and deliver said bonds at par and <br />accrued interest, if any, in exchange for and redemption of the <br />warrants drawn upon Local Improvement Fund, District No. 93 of <br />the local improvement funds of the City of Auburn remaining U11paid. <br /> <br />Introduced April 16, <br />Passed April 16, <br />Approved April 16, <br /> <br />1929 <br />1929 <br />1929/ / <br />M' <br /> <br /> <br />A'rTEST ,/ . <br />// --L I /..J <br />IV.,&: (d~/~~"'.~.v' <br />/ <br />Ci ty Clerk / <br /> <br />Approved as to form: <br /> <br />~- <br />, l"~...J <br />L - "ty Attorney <br /> <br />Published April 18, 1929. <br /> <br />