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HomeMy WebLinkAbout337Authorizing Bond issue. Ordinance No. -.Z4_7 ..... An Ordinance of the City of Kent, raauuthorizing the Mayor and City Clerk to issue bonds against Local Improvement District No.......'_s...... !................... of said city, providing the rate of interest tht- said bonds,th i ' po of their, WA*ty, their sale or delict ` to the contractor making the improvement in the said district. THE CITY COUNCIL OF THE CITY OF KENT DO ORDAIN AS FbLLOWS: Section 1. That the Mayor and the City Clerk of the City of Kent be and they are hereby au- thorized and directed to execute and issue local improvement bonds against Local Improvement Dis- trict No.___!..x... ------- oa the said city, and the property included therein, wieh district was created by Ordinance No..__ 4�_____-of said city, as provided by law and the or�d�igances of the said city, in the C—� c •� aggregate sum of Qom-✓�..�..Dollars Section 2. Raff bonds shall be in denominations�__ wb s Bonds numbered from 1 to_..___. �_( ............ shall be for the sum of One Hundred Dollars each and bond ::t�mbered___...rr_....__._shall be for the sum of ......................... ............ a Dollars ($_.% l ). - Saidds hall be issued on or after the ________________________________.__.__.___._._.._...........__._..____.___.__..___day of --------- ---- -------------------------------------------------- 191. = and shall be payable on or before ------------J -- ............... years after the date of their issue. They m to -per cent. per W=,,from the date of their issue The shall bear interest at the rate .pf...... uu,�l ea�led for payment by the ireasurer-©f � "d y, whieli interest s"k- e payable annually and shall be evidenced by interest coupons attached to eac of said bonds, one coupon for each year's interest, all of which coupons shall be subject to the terms and conditions of thelbon4, to which the same are at- tached, and if any bond shall be called for payment before the maturity of my coupon that may be at- tached thereto, the said coupon shall become void. Section 3. The bonds issued under the provisions of this ordinance may be sold for cash at not less than their par value, or may at the election of the city be issued directly to the contractor mak- ing the improvement in said district, and delivered to him by the City Clerk, immediately upon their issue, or Section 4. This Ordinance shall take effect five days after its publication as by law provided. Passed the council------------- FEB ... .3 ... 1913 ............ 191.... . Approved by the Mayor. ------- FEB ..................191. ---------------------•--........----------------- --------------------------•---- \� t - - - _ Attest: % y /7 r ~ �� ./ - City Clerk.