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<br /> 15,, .454 254
<br /> POVEDBER 4th,1935.
<br /> 1 151 '
<br /> 1.1 Ele Regular Administrative Seasion or the City Council was held,,
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<br /> dth,,935,10-3o I,M.,Mayor Edmards in the Chair,Commie...re Costello
<br /> . b k
<br /> -,[ and Ericson present at rolLeall.
<br /> Einutes,November 1,1939,read and approved
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<br /> Ed1,vedrgrby Costello,seconded by Ericson to P.oda..for dmsages m
<br /> laeen Distributing Co. 192.60
<br /> ward A
<br /> '$ . di., Carried unanimous,.
<br /> - in. : roved by Ericson,seconded by Costello to inform the Far Departs,n,
<br /> that City hes no objection to granting hermit to reYe.aeueer Timber Ct•.trtot
<br /> a bulkhead around Mill sad property. Carried unanimously•
<br /> [b.71 d" ---
<br /> Letter from inpt.of Ilighways approving resolution on Pro.,di-dd
<br /> Carried unanimous's.
<br /> V Letter from Preston,Shop...ton and...Mrs:bond att....tr.,
<br /> 1' 'final opinion on Special Water Revenue Benda as follower
<br /> .ffotembor 1,1935.
<br /> 1 1.1 ' City of Everett,Washington
<br /> 14.i 41 Gentlemen.
<br /> [ We have examined the proceedings in the matter of the issue by the City
<br /> of Everett,Waehington,of it,Special Water ReVerMe Bonds in the principal
<br /> ens of$175,000,dated.d,vember I,1977,authorized to be issued 1...the
<br /> voters of said City in an eleetion held therein on September 21,,935p
<br /> pursuant to Ordinance go.2696 of said City,passed and approved September
<br /> 10,1935,and have also examined bond I,.1 of eaid issue as duly executed,
<br /> 1.: :- and from such examination we are of the opinion that said bond issue nunnes,
<br /> . . . 1 to175 inclusive,tin first$90,000 bearing intereet at the rate of AcE
<br /> 1 d[di '[ annum,payable aemi-armually,and the last$88,000 bearing interest at t.
<br /> ' i bil k rate of REE per annum,payable sesd-annuallY,amid.Donde maturing aerisld,
<br /> in from two to seven years from date,have been legallY ital.and co
<br /> a first and prior lien upon the gross revermes of said Everett Water Work.
<br /> i . !- System,and all additions thereto,enbjeet onlY to[mt..,elm,.
<br /> ' '' . 11 maintenance and operation,and the lien of Special Water Revenue-donde ds.
<br /> d 1 : .arch I,1927,in the sum of 1210,000,and Special,Water Revenue liOnd.dad,
<br /> Idid [' . Iddi did:nary 1,1970,in the ens of El,120,000•
<br /> Id'.: k - Hi. Said City has bound itself to...dish and maintain rates and charges for
<br /> water sufficient to pay ihe pr.ncipal and 11-Merest of asmd bend issue as
<br /> they accrue,together with amounts sufficient to pry all prior obligation."
<br /> .-, Yours very truly,
<br /> 0RESTON,THORCRIMSON h TIMER.
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<br /> . ‘1111
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