HomeMy WebLinkAbout02106working order and condition,, to operate the same in an efficient:
manner and at a reasonable cost, and to estab2 ish, maintain and
collect rates and charges .for water and for sanitary sewage col-
lection and disposal service for as lonq as any of said December 1,
1959 water revenue bonds, the bonds of this issue, and any bonds
that may later be issued on a parity therewith are outstanding;
that will make available for the payment of the principal of
and interest on all of such bonds as the same shall become due
an amount equal to at least 1.4 times the amount required each
calendar ,year after the date hereof for the payment, of such prin-
cipal and interest, after necessary costs of maintenance and
operation of said combined system have been paid but before
depreciation.
It is hereby certified and declared that the bonds of this
issue are issued pursuant to and :in strict compliance with the
Constitution and laws of the State of Washington and ordinances
of the City of Port Townsend, and that all acts, conditions and
things required to be done precedent to and in the issuance of
this bond have happened, been done and performed.
IN WITNESS WHEREOF, the City of Port Townsend, Washington,
has caused this bond to be signed by its :Mayor, to be attested
by its Clerk, the corporate seal of the city to be impressed
hereon, and the interest coupons attached hereto to be signed
with the facsimile signatures of said officials, this first
day of January , 1967 .
ATTEST:
City Clerk
CITY OF PORT TOWNSEND, WASHINGTON
By
Mayor
The interest coupons attached to the Bonds.shall be in sub-
stantially the following form:
18.