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AN ORDITTA)1CI; AUTHORIZING Vap IS^UANCE OF REFUNDING
RONDS OF Tpr CITY OF PORT TOIMISEND,VAf°LINGTONJ, TO THE
A)'MUNT OF TwITTY THOUSAND DOLLARS (��201000).
1'1:+0:R01:AS, the City ofPori Towneend has ouisianding
its legally issued bonds io the amouni of Twenty Thousand
Dollars UP20,000) , dekl.ed Dec-embor 11 18951 and which• become
due November 30, 1915, and has no funds for the payment there-
of; Therefore,
The Ciiy of Pori T.ownsond does ordain as follows:
Seciiorr 1. Thai for the purpose of refunding the
said bonds of the Ciiy of Port Townsend due November 30, 1915,
ihere are hereby auihorized io be issund iwenty (20) bonds of
One Thousand Dollars (131000) oath, numbered from 1 io 20, both•
inclusive, whicli said bonds shall bear- infers{• as the rate of
five (5) per cenium per annum, payable semi-annually. Said
bonds shall be daied the firsi day of December, 1915, and shall
become due twenty (20) years after dale. Said bonds shall
bear the seal of iho City of Pori; Townsend, be signed by the
Mayor and aiiesied by the Ciiy Clerk and countersigned by the
Ciiy Treasurer, and the coupons evidencing the inierosi uporC
said bonds shall be execuied with the engraved or lithographed'
fac-simile signaturos of said Mayor and Clerk. Bolh principal
and in1oresi of said bonds shall bo made payable M the Fiscal
Agency of the State of Vashingion, in the Ciiy of Now York,
State of Now York.
Seciion- 2. The bonds hereby auihorized shall be
in subsianlially the following form: