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o R DIN A N C E
NO.
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AN ORDINANCE providing for the issuanoe of bonds of Looal Improve-
ment Distriot No. 95, fixing the amount of such bond issue, 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:
Section 1. That local improvement bonds of Local Improvement Dis-
trict No. 95 of the City of Auburn be issued in the manner and .form pro-
vided by Ordinanoe No. 261 of the Ordinanoes of the City of Auburn, re-
lating to the issuanoe of local improvement bonds for and on aocount of
the oost and expense of making improvements provided for in Ordinanoe
No. 674 of the Ordinanoes of the City of Auburn, creating Looal Improve-
ment District No. 95 of said city.
Section 2'1 That the total amount of said looal improvement bonds
to be issued as in this Ordinance provided is hereby fixed at the sum of
One Thousand, One Hundred and Forty-seven Dollars and Fifty-eight Cents
($1147.58), being the amount of the cost and expense of making improve-
ments under the provisions of said Ordinanoe No. 674 of the City of Aub-
urn, remaining unpaid after November 2, 1929.
Section 3. That said bonds shall be dated November 25, 1929, shall
be in the denomination of One Hundred Dollars ($100.00) eaoh, except the
first numbered of said bonds whioh shall be in the sum of One Hundred. and
Forty-seven Dollars and Fifty-eight Cents ($147.58), shall bear interest
at the rate of seven per oent (7~) per annum payable annually and shall
haye a~taohed thereto interest ooupons for each interest payment.
Section 4. That the City Clerk of the City of Auburn is hereby
ordered and direoted to oause to be printed suoh bonds of Local Improvement
Distriot No. 95, and that upon execution thereof in the manner prescribed
by LaW and the OrdinanOes of said city, said City Clerk be and he is here-
by authorized to sell said bonds and deliver said bonds to the purohaser
or purchasers thereof, on payment to said city of the amount or amounts
of the principal of suoh bond or bonds together with premiums and aocrued
interest, if any, and that thereupon the warrants of said Local Improve-
ment District No. 95 be retired and the said Citp Clerk be and. he is here-
by also authorized to sell and deliver said bonds at par, and aocrued. in-
terest, if any, in exohange for and redemption of the warrants drawn upon
Local Improvement Fund,;Distriot No. 95 of the Looal Improvement Funds of
the City of Auburn remaining unpaid.
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INTRODUCED
PASSED
November 5, 1929.
November 5, 1929.
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Ci ty Cler
APPROVED ..... _ .~.lAb,er 5~2. 9.
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PUBLISHED:
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APPROVED AS TO FORM:
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City Attorney