HomeMy WebLinkAbout0110841 4 4W.0 � • 1.
Shall Ordinance 110. L7t� , entitled: "An ordinance
acce_)tinL the uid of the iational raper �?roducts Company
for the lease of that part of the viater-works and system
of the City of Port Tovmocnd lying outside of the city
liuliLs as ciescribed in resolution passed by the City Coun-
oil and approved by the ,:ayor Deceiaber 13th, 1927, and di -
resting the iaayor and the City Clerk to execute such lease,"
oe approved or rejected, :ihich ordinance provides for the
leasing of part of the viater viorks and system of the City
of Port 12ovmsend lying outside of its city limits, to the
national Paper Products Company, for an term of thirty
years, for the total rental of ,;460,000.00, of which
�260,000.00 is to us paid in semi-annual installments of
$b,000.00 each during the first twenty-six years of said
term, and the balance of the rental, amounting to
4200,000.00, ocing the rental for the last four years
of said term, is to be -raid in advance by the lessee
on or before thirty days after the execution of said
lease by the lessee, Which lease shall be in the form
set forth in said Ordinance i10. �.s'� ?
For approval of said Ordinance tvo.FL
........... CJ
For rejection of said Ordinance iio. ...........
Any voter who wishes to approve said ordinance shall place an "X°
in the square to the right of the words "For approval of said
Ordinance iio.M." Any voter who wishes to vote for the rejection
of said ordinance shall place an "X" in the square to the right of
the words "For rejection of said Ordinance Lio. 9S�
2.