Ordinance 2126 - Laserfiche WebLink

• x ANCE NO ; '2126 _ :• An Ordinance providing for the guaranty of the payments improvement District bonds of the City of Everett, electing :` . .: o� Local _.. to operate under the provisions of Chapter 141, Laws of 1923 and transferring to the guaranty fund created hereunder, all of the: , assets of the guaranty fund created under Ordinance No.1870. Whereas, it is provld.ed. under Chapter 141, Ieita. ':of 1923, that a city of the first class, maintaining a Local Improvement s_uaranty fund pursuant to the provisions of Chapter 138 of the 1917 Session laws of 'ula.shington, may elect to operate under the provisions of Chapter 141 of the 1923 Session laws of Washington, now therev res TM CITY OF ZV E T DOES ORDAIN $eot.&aa. 1 : That in the matter of the guaranty of payments Of Local Improvement District bonds of the City of Everett, -the said- Everett hereby elects to no longer operate under t bs provisions of Chapter 138 of the 1917 Session laws of Washington, es provided for in Ordnance No .1870, but in lieu thereof to operate under the provisions of Chapter 141 of the l 23 Session _ier- laws of the State of Washington, as provided therein♦ r Section 2 s A fund is hereby created to be called. - -- �d a Local Improvement Guaranty' Fuss$ Noj for the purpose of guaranteeing to: the extent of such fund and in the manner hereinafter provided Ittvl as provided. by Chapter 141, ,of the 1923 Session lawss of ,Washirlet, one . tom payment of bonds beretafgX'!, sued -Under ant :pursuant. `tn ' the orovisiont-of ,apter 138 of the 191'7 Ora HB.lg�'t�. Session laws .ef`V'ashii'igton and also of all Lotael .Improvement District , 7.4 -bonds hereafter issued under and pursuant to the provisions .ofthls ordinance and Chapter 141 of the 1923 Session laws of Washington. Section 3 : That all of the assets of the e Local a _