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<br />. <br /> <br />.r' <br /> <br />.~ ., <br /> <br />.. '1 .",. <br /> <br />13f <br />ORDINANCE NO, ~ <br /> <br />AN ORDINANCE providing for the issuance or bonds of Local <br />Improvement District No. 98, fixing the amount of such bond issue, <br />also the date and denomination of such bonds, and ordering delivery of <br />such bonds. <br /> <br />THE CITY COUNCIL OF THE CITY OF AUBURN DO ORDAIN AS FOLLOWS: <br /> <br />Section 1. That local improvement bonds of Local Improve- <br />ment District No. 98 of the city of Auburn be issued in the manner and <br />form provided by Ordinance No, 261 of the ordinances of the city of <br />Auburn relating to the issuance of local improvement bonds for and on <br />account of the cost and expense of making improvements provided for in <br />Ordinance No, 705 of the ordinances of the City fif Auburn, creating local <br />improvement district No. 98 of said city. <br /> <br />Section 2. That the total amount of said local improvement <br />bonds to be issued a~ in said ordinance provided is hereby fixed in <br />the sum of $ / /1.1 ~~ 7 ,being the amount of the cost and expense of <br />making improvements'under the provisions of said Ordinance No. 705 of <br />the city of Auburn remaining unpaid after February 25, 19Z3. <br /> <br />Section 3. That said bonds shall be dated March 20, 1933, <br />shall be in denominations of $100.00 each, exc~e t.}.Be first numbered <br />of said bonds which shall be in the sum of $ ~1~ ,shall bear. <br />interest at the rate of 7% per annum payable a ually, and there shall be <br />attached thereto interest coupons for each interest payment. <br /> <br />Section 4. That the City Clerk of the city of Auburn is here- <br />by ordered and directed to cause to be printed such bonds of local <br />improvement district No. 98 and that upon execution thereof in the manner <br />prescribed by law and the ordinances of said city, said City Clerk <br />be and he hereby is authorized to sell said bonds and deliver said bonds <br />to the purchaser or/purchasers thereof on payment to said city of the <br />amount or amounts of the principal of such bond or bonds together with <br />premiums atidaecrued interest, if any, and that thereupon the warrants <br />of said ~ocal improvement district No. 98 be retired, and the said City <br />Clerk be and he is hereby also authorized to sell and deliver said bonds <br />at par, and accrued interest, if any, in exchange for aqYredemption of <br />the warrants dravm upon Local Improvement Fund District No. 93 of the <br />local improvement funds of the City of Auburn re;naining unpaid. <br /> <br />INTRODUCED March 7, 1933 <br />PASSED March 7, 1933 <br /> <br />APPROVED ~~~4 <br /> <br />aTTEST~~ \ <br /> <br /> <br />7 <br /> <br />APPROVED AS TO FOIDI <br /> <br />~~:j{(~. <br />CI Attorney <br /> <br />Published l~arch 10, 1933. <br /> <br />. <br />