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251 <br /> SEPTEMBER 22nd,1932. <br /> The Regular Administrative amnion of the City Council wee held on <br /> September 2251.1932,9-A.M.,Mayor Edwards in the Chair,Ccmmisaioners Costello <br /> and Ericson present at roll call. <br /> Minutes of September alst,1932 read and approved 613 of record. <br /> Moved by Edwards,oeconded by Costello,that Reeolution No.3711 be <br /> adopted as follow. <br /> w RESOLUTION 00.1711. <br /> Be It Resolved by the City Council of the City of Everett: <br /> WHEREAS on Guly 1,1931 The First National Bank of LVerett,Washing- , <br /> ton purchased certain bonds,wdth accrued interwar thereon,from Everett,Washing- <br /> ton,in the total ma of B314.790.15,and said he.thereupon executed a certain <br /> option to eaid Everett for the repurchase of aaid Donis within one.year from laid <br /> July 1.1931,and the unredeemed bonds of:grid eale or bonds that retain unpa d <br /> or unpurchased by Said Everett being deecribed as fella.: <br /> Bellingham:General B 7,000.00 <br /> Seattle General Minicipel <br /> 50.9,000.09 00.00 <br /> Seattle,Water Ertension x 01 <br /> Everett School Dietriot 24 23,000.00 <br /> Snohomish County —5-5-45119,22 <br /> Total 5182,000.00 <br /> (W19,000.00)of Original bonds having been redeemed and paid by the obligorthere- <br /> in)and <br /> WHEREAS it is agreeable to said bank that Said Everett shall not be <br /> required tn exercise said option ae to the repurchase of the remainder of said bonde <br /> and it is deemed advieable and for the best interests of Everett net to repuroharie <br /> the rmmainder of said bond.and <br /> WHEREAS said bank has fulfilled all of Inc obligations under acid <br /> &cr'e't'c,ct;Fgm's:Idttenrry'%rTarrrfX:! <br /> ;114 all of the amounts due or to become <br /> 000RE001 be it resolved that the City of Everett hereby releasee <br /> obligation to hold said bonde for repurchase by Everett,Waeh- <br /> ItItct‘orr,Inirfil:req:notifies:raid bank that Everett,Washington,will nob alect to <br /> exercise said 01010010 repurchase of the above mentianed and described bcode.* <br /> Carried unanimously. <br /> -- <br /> co motion the Council add...nod et .,.0.•Ot. <br /> City Clerk. <br /> aead add approved by the City Council,September 23rd.1032. <br /> h Mayor. <br />