Ordinance 1889 (3) - Laserfiche WebLink

ORDINAL CE No. 1889 A-? Ordinance providing for the issuance of twenty year park bonds of the city of Everett in the sum of $50,000. 0, in accordance with the proposition submitted by Ordinance No. 1877 ' to the voters of said Everett at a general election held therein` on govember 4th 1919 and adopted by said voters at said election, providing for the form and tenor of said bonda,t the sate thereof and the payment of principal and interest thereon, and estab- lishing a fund for the payment of said principal and interest. Whereas, at a general election held in the City of Everett . State of .Washington,. on November 4th 1919 a proposit on was submitted to the voters thereof by Ordinance No 1877 , and mo a than three• fifths of the qualified electors of said city voting thereat, voted in favor of the said proposition of issuaing $ 0 ,000.00 in park bonds of the city of Everett , bearing interest at a rate not to exceed six per cent (6� ) per, annum and payabl in twenty years after their date of issue. ra NOW THEREFORE TIT, CITY OF + + E T T DOE- oRDi Section 1: That tie Mayor and City Clerk of th city of Everett le and they hereby are authorized and direct d, to tseue , park bonds in the sum of $50,000.00, bearing interes at the rate of per cent ( -8-- p per annum, payable =emi-annually , evidenced by iiiiereat coupons, said'bonds to be of t• a denomination of r`-1000.00 eadh and to be nu-lbered consecutively fra e= 1 to 50 inclusive , to be dated December 1st 1919, and all of eat d bonds to be paaable December 1st 1939, both principal and 'tntereat 'of said bonds to be payable at the Fiscal Agency of. the ±.8taW of S Washington, in the City and State of New York, and o .be payable from the proceeds of a direct tax to be levied annually upon the e f; :t, I