Ordinance 3850 - Laserfiche WebLink

both real and personal and any interest therein, necessary to carry out the above-described plan, which is all as more specifically set forth in maps, plans and specifications prepared by Gray & Osborne, consulting engineers of Seattle and Yakima, Washington, and now on file in the office of the City Clerk. It is hereby further provided that such plans shall be subject to such additions or changes as to details or other changes not affecting the main general plans as hereinbefore set forth as may be authorized by the City Council either prior to or during the actual course of construction. Section 3. The estimated cost of the acquisition, con- struction and installation of the above-described additions and improvements to the System is hereby declared to be, as near as may be, the sum of $750,000, which shall be provided from the sale of the Bonds . Section 4. As an integral part of the plan for acquiring, constructing and installing such additions and improvements to the System the city shall issue the Bonds . The Bonds shall be dated December 15, 1961, shall be in denominations of $1,000 each, shall bear interest at a rate of not to exceed 6% per annum payable semiannually on the fifteenth days of June and December of each year from date of issue as evidenced by coupons to be attached thereto, and shall be numbered and mature in order of their number as follows : Bond Nos . Maturity Date Amount 1-140 December 15, 1983 $140,000 141-285 December 15, 1984 145,000 286-435 December 15, 1985 150,000 436-590 December 15, 1986 155,000 591-750 December 15, 1987 160,000. 4.