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<br />~ <br /> <br />,...,... <br />~ '" - ~ <br />',", :'.' <br />f" .. .' '<. <br />>...~.' ".~. <br />.r--~'~' <br /> <br />.~ <br /> <br />:... .....r~ <br /> <br />'" <br /> <br />o R DIN A N C E <br /> <br />N O. 530 <br /> <br />Ar ORDINAliCE providing for the issuance of bonds of Local Im- <br />provement District Ho. 68, fixing amount of SllCh pond iss}1e, als,o <br />the date and denomination of such bonds, and ordering the delivel'J- of <br />sucb bonds. <br /> <br />The City Council of the City' of Aubum do ordain as folloVls: I <br /> <br />Sect ion 1. Thot Local Improve:C1Gnt :;:;on(18 0 f Local Il:.1pro veI;10nt I <br />Di,strict No. 68 of t}.e Cit~,r of Aubum be issued in t-B.G-1l18'.01er an"d- . <br />form provided by Ordina nceJ{o. 261 of 'C he 0:cdinal1ces 0:: the C it=r of <br />Auburn relating to the issuance of Local Improvement l)onds for and on <br />account of the cost 8nct eXliense of making improvemonts provided for <br />bjT Ordil1ance I::o. 500 of the ordinances of the City of Auburn creating <br />Local Improvement District lJo. 68 of s aidci ty. <br /> <br />Section 2. That t1].e total amount of said local improvement <br />bonds, to be issued as in this ordinance p:covided, is hereby fixed <br />at the sum of $1,535.49, said ~1m of $1,535.49 being the amount of the <br />cost and eXl)ense of maldng the impl~overnents to be rnacle by tLe pro- <br />visions of said Ordinance No. 500 remaining unpaid after May 11, 1924. <br /> <br /> <br />.;;,;;:;. <br /> <br />Section 3. That said bondS shall be dated June 10, 1924, shall <br />be in denominations of $ \ () () ~() each, except the first numbered <br />of sai d bonds, whi ch shall l')e in the sum 0 f $-' :3 5'"'. It <<J , shall ~eq.r <br />interest at the rute of 7 per cent per amlum, payable annually, and shall <br />have attached thereto interest coupons for each interest payment. <br /> <br />SectioIL 4. That the C,it;y' Clerk;:oof. .;the ",CitJ,l'.of 4..1J.bu.m"",i~ ~b..e:re1:lY <br />ordered and directed to cause to oe urinted such bonds of Local <br />Improvement District No. 68 and that~ upon exec~tion tl~reof in the <br />Danner :prescr~.1?e9- by law and the ordinances of said city, said City <br />Clerk be and lsoothorized to sell said bonds Dnd deliver such bonds <br />to the purchasc~ or purchasers thereof upon payment tio said city <br />of the amount or nmounts of the principal of such bond or bonds, <br />tOGether with premiums ano. accrued int erest, if any, and that the reupon <br />the warrants of said Local Impl"OV6111cnt~District No. retired, <br />al1(l that said City Clerk be 8l1d is also aW.lorized to sell ancl.. c1~eli ver <br />said bonds ot par and accl'ued interest, ^if any,. in exchange for and <br />redemption of the warrants drawn upon ~ocal Improvement Fund, District <br />lifo. 68, of the Local improvement funds of the Cit~. of:Auburn, remain- <br />ing unp ai d . <br /> <br />... <br /> <br />Sect io-n 5. Tll...q, t th is 0 rdinence shell take effect and be'" in force <br />five days from and after its Dassaee, approval and rublication as re- <br />quired by law. <br /> <br />Introduceo_ 811Q pas sed June 17, 1924. <br />. Approved June 17, 1924. <br /> <br />.f1ttest: <br /> <br /> <br />, Mayor. <br /> <br />City C Ie I' k. <br /> <br />- <br /> <br />Approved 8S to form: <br /> <br />Published June 20, 1924. <br /> <br />~'..-h-'A!.^, <br /> <br />, City Attorney. <br /> <br />~ i <br /> <br />i 1 <br /> <br />~~ <br /> <br />