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Ordinance No. d // O
An Ordinance authorizing and directing the issue of bonds of
Local Improvoment District No. 7, created by ordinance No.
of the City of Port Townsend, Washington, in'the sum of $2006.26.
The City Council of the City of Port Townsend, Washington,
do ordain as follows:
Sec. 1. That the Mayor and City Clerk of said City are hereby
authorized and directed to issue and deliver to the City Treasurer
for registration, twenty coupon bonds of Local Improvement District
No. 7, of said City of Port Townsend, created by ordinance No-,V2 /f
of said 'city, in the denomination of one hundred dollars each, and
one bond of said district in the sum of �6.26; thgt the said bonds so
to be issued are to be numbered consecutively, signed by the mayor
and attested by the city clerk, bear interest at the rate of seven
per rent per annum, are to be made payable to P. ?.1. Coyne and
James H. Coyne or bearer on or before ton years after date, with
interest payable annually. Fachof said'bonds shall-'hhve'-at'tachied
thereto ten annual interest coupons, properly executed as rdquired
by law, and each bond shall state on its face that it is not a general
liability against the city but is to be redeemed only out of Local
Improvement Fund, District No. 7, and in all respects such bonds are
to be issued in the usal form used by said city for such local
improvement bonds, and acroAding to section 47 of chapter 98 of the
session laws of 1911, and refer to all proper ordinances as required
by said act.
Sec -';That the said bonds after being registered by the city trea$
urer shall he delivered to James H. Coyne and P. LT. Coyne in payment
of the contract price for the construction of Local Improvement Dis-
trict No. 7.
Sec. 3. This dhinance shall be puhlished in the Daily Leader
and shall take effect as required by law.
1913 f Fl;� f,Lay�-