HomeMy WebLinkAbout00933Ordinance No. rto,i •
An Ordinance authorizing and directing the proper offieor•s of
the City of Port Townsond, Washington, to issue and deliver to,
R'. W. Scott or his assigns, loca'1 impc'ovemont bonds of Local Improve-
ment District No. 9, in the sum of �34$1.72, in full satisfaction of
the contract price for tine constructionNof s:dld Local Tmprovement
and providing the form and terms of said bonds.
Whoreas the City of'Port "ownnendt Vashington, duly created by
ordinance No. �61 , Local Improvement District No. 9, and has
constructed tho s�iuprovement by contract with R. Vt. Scott, and
Whereas the contract price _'or the construction of the said
Improvement was and is the sum �f $729.52, i.neludini.. extras, of
which the sum of ?229.80 has already been paid the said contractor
in cash out of the amount collected on the assessment made on the
property inefudod within the said improvement district, leaving a
balance due the said contractor of the sum of $499.72, now,thorefore:
The City Council of the City of Port Townsend, Washington, do
ordain as follows:
Section 1. That the Mayor and City Clerk of said City are horely
authorized and directed to execute local improvement bonds of Local
Improvement Dis,4rict Noy 9, in the sum of $499.729 that is to.say,
four bonds of one hundred dollars each and one bond of ninety-nine
dollars and seventy-two rents. ._.
Sea. 2. That the said bonds are �o be dated July e, 19161.
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made payable 'to R. '. Scott or bearer twelve years after,, or on any
interest Wing date prior to said time; that they are to bear inter-
est at the rate of seven per cent per annum, interest payable annu-
al Yry-s ��' each bond there is to be attached twelve interest
couponp, the ends to he signed by the Mayor and attested by the
h.` City Clerk wit the seal. of said City attached, and each coupon so
attached is to b ar the lithographed fac-simile of the signatures
of the said mayor and city clerk; that all of the said bonds are to
s` show on their face hat they are payalile only out of Local Improve
meet Fund District No. 9, and are further to show on their face
all t inks necessary to :` shown according to the law applicable
Y'eto, and are otherwise be in the form as near as may be
" he'ratofore used in local impro ement bonds of said 'city.
Sec. 3. That the said bonds aftee_4?xQ9_ution as aforesaid are
to be delivered to the treasurer of said eity"for registration, and
after being duly registered by him, shall he delivered to the said
R, W.-'Scott or his assigns in full satisfaction of the contract --�
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price for the construction of said local improvement.
Sec. 4. That this .ordinance shall be published once in the
Daily Leader and shall take affect and be in force from and after
five days aftrir such publication.
Passed by the City Council August 11 1916
Approved
Mayor.
Attest:
C ty Clerk.