HomeMy WebLinkAbout01207at the office of the City Treasurer of the City of Port Townsend, or
at the Fiscal Agency of the State of Washington in Ilew York City, at
the option of the holder.
Section S. If the qualified voters of the City of Port Townsend
shall, as hereinbefore in this, c-diriance provided, authorize the
issuance and sale of said bond:, said bonds shall be sold at public
sale, after due notice and calls for bids for the purchase of said
bonds shall have been published at least once a week for four conse-
cutive weeks in the Port Townsend Leader, the newspaper doing the city
printing, offering such bonds for sale; that the City Council of the
City of Port Townsend may give such other and further notice of the
sale of said bonds as said City Council may, by resolution, direct;
that the City Clerk shall, at least three weeks prior to the date fixed
for the sale of said bonds, mail to the State Finance Committee, Olympia,
Washington, a full, true and complete copy of such notice; that notice
of sale shall be in the form required by law; that the bids submitted
and all proceedings had pertaining to the sale of said bonds shall be
as provided by law.
Section 9. The money derived from the sale of said bonds shall be
applied to the additions, extensions and betterments adopted and speci-
fied in Section 3 of this ordinance and for such purpose only.
Section 10. The City Council of the City of Port Townsend shall
oause to be levied from year to year during the life of the general
indebtedness bonds herein proposed to be issued an annual tax levy suf-
ficient to meet the payment of all interest on said general indebtedness
bonds and sufficient to meet the principal thereon as the same mature, all
as in this ordinance and by la:,-,' provided. The amount of such taxes as
collected shall be by the City Treasurer paid into a special fund known
as the "Port Townsend General Indebtedness 1951 }later Bond and Interest
Fund" and no part of such fund shall be diverted to any other purpose
than the payment of such principal and interest and the faith and credit