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ORDINANCE IJO. 1022
AN OIIDINj%1�'' allowin; the claim of NITIONXL PAPER
PRODUCTS COia4 VY filed with the City Clerk on September
26, 1931, for amounts heretofore advanced by said Company
to the CHAS. R. MCCORMICK LUMBER 01014PANY to protect the
pipeline of the water works system of the CITY OF PORT
TOWNSEND outside of the City limits, and providing for
the payment of said claim.
THE CITY COUNCIL OF 'ME CITY OF PORT TO*JNSEND doss
ordain as follows:
Section 1. The claim of NATIONAL PAPER PRODUCTS
COI.4PANY in the amount of Ten Thousand Three Hundred Seventy-
five (410,375.00) Dollars, filed with the City Clerk of the
CITY OF PORT T0,'MSEND on the 28th day of September, 1931,
being the sum heretofore advanced by NATIONAL PAPER PRODUCTS
COI.4PANY to the CHAS. R. MCCORMICK LU14BER COb,TANY to protect
a certain portion of the pipeline of the CITY OF PORT T07rNSEND
lying outside of the City limits, be and it is hereby approved
and allowed without interest.
Section 2. Payment of said claim shell be made from any
surplus available from time to time over and above the re-
quirements of the present bonded indebtedness of the water
system of the CITY OF PORT TOWNSEIFD, in such amounts as the
City Council shall direct. The balance, if any, of the
claim remaining unpaid one year after the present bonded
indebtedness of the water system of the CITY OF PORT TOWNSEND
is paid or provided for, shall be paid, in whole,.or in such
installments of not less than Five Thousand Dollars (0'5,000.00)
per year, as the City Council shall at that time determine.
No interest shall be allowed upon said claim except interest
upon delinquent installments, in which event interest shall run
from the date of such delinquency.
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