Ordinance 4102 - Laserfiche WebLink

City without limitation as to rate or amount . The exact date, form, terms and maturities of said bonds shall be as hereafter fixed by ordinance of the City Council. Section 4. It is hereby found and declared that an emergency exists requiring the submission to the qualified electors of the City at a special election to be held therein on the 2d day of November, 1965 of the proposition of whether or not the City shall issue such bonds for such purposes . The Snohomish County Auditor, as ex officio supervisor of all elections held in Snohomish County, is hereby requested to also find the existence of such emergency and to call and conduct said special election to be held within the City on said date and to submit to the qualified electors of the City the proposition hereinafter set forth. The Clerk of the City is hereby authorized and directed to certify said proposition to the Snohomish County Auditor in the follow- ing form: PROPOSITION STREET IMPROVEMENT GENERAL OBLIGATION BONDS- $4,500,000 Shall the City of Everett , Washington, issue its general obligation bonds in the principal amount of $4,500,000, such bonds to bear interest at a rate of not to exceed 6% per annum, to mature serially in from 2 to 20 years from date of issue, and to be paid both principal and interest out of annual tax levies to be made without limitation as to rate or amount , for the purpose of providing funds to make certain capital im- provements to a substantial number of main and arterial streets throughout the city by paving, widening and channelization, acquiring rights-of-way, and installing traffic signals, signs and controls, all as more spe- cifically provided in Ordinance No. 4102 of the city, adopted August 25, 1965? BONDS, YES / / BONDS, NO / / 4.