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o R D 1. II A Ii C E;. no.!.. 585
AU O.nDIIUJ..lJJE Providing for the issuance of bonds of Local Im-
provement District No. 82, fixing the a~mount of such bond issue, also
the date and deno!ninutions of such bonds, and ordering delivery of.
suoh bonds. ..
The City Council of the City of Auburn do ordain as follows:
Seotion 1. That local improvement bonds of Looal Improvement
District No. 82 of the City of Auburn be issued in the manner and
form provided by Ordinance 261 of the ordinances of the City of
Auburn relating to the issuanoe of local improvement bonds for and
on account of the cost and expense of making improvementa provided
for by Ordinance No. 548 of the ordinances of the City of Auburn
creating Local Improvement District No. 82 of said City.
Section 2. That the total amount of said local improvement
bonds to be issued as in this ordinance provided is hereby fixed at
the sum of $ ~ 03 fJ- ~ 7 , said sum of $ .-:1 0:./ ~-. ~7
being the am'OUii"t- of the cost and expense of making the improvements
under the provisions of said ordinance No. 548 remaining unpaid after
April 4, 1925.
Section 3. That said bonds shall be dated April 25, 1925, shall
be in denominations of t t'Q,Q;<~. ea~h except the first num-
bered of said bonds whichShall be in the sum of IJ '3 b-:. i"? ,shall
bear interest at the rate of seven per cent. per annum paya.ble an-
nually, and shall have attached thereto interest coupons for each in-
terest payment.
Section 4. That the City Clerk of the City of Auburn is hereby
ordered and directed to cause to be printed such bOlmS of Looal
Improvement District No. 82 and that, upon execution thereof in
the manner prescribed by law and the ordinances of said city, said
City Clerk be and is hereby authorized to sell said bonds and de-
liver such bonds to the purchaser or purchasers thereof upon pay-
ment to said city of the amount or arJounts of the principal of such
bond or bonds, together with prerJiums and accrued interest, if any,
and that thereupon the warrants of s&id Local Improvement District
be retired, and that said City Clerk be and is hereby also authoriz-
ed to sell and deliver said bonds at par and accrued interest, if
any, in exchange for and redemption of the warrants drawn upon
Looal Improvement Fund, District No. 82, of the local improvement
funds of the City of Auburn remaining unpaid.
Introducc.d and passed April ,1925.
Approved April 7, 1925.
AT~lEST:
,MAYOR
, C E.'Y CLEEK
Published April 9, 1925
Approved as to form.
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City Attorney.