Ordinance 1877 (3) - Laserfiche WebLink

t Section 2 : That the city issue and sell its negotiable fonds payable in twenty (20) yearl,.,,after their date of issue, and • bearing interest at not to exceed six (6%) per cent per annurm: , in the sum of "50,000600 for the purpose of raising funds to carry into effect the foregoing proposition, interest on said bonds to be payable semi-annually. Ail of said bonds shall be of the denomination of $'1,000.00 each and shall be payable at the fiscal agency of the State of Washington, in the City of New York. said bonds shall be payable out of a sinking fund as provided by law. Section 3 : That said proposition be submitted to the voters of Everett at the regular municipal election to be held on Novenber,4th 1919, in the various election precincts into which the city is divided, and the city clerk shall give notice of the submission of said proposition as required by law. Section 4 : The system or plan proposed and the proposition submitted shall be voted upon in the following manner, to-wit Every voter at such election desiring to vote in favor of said proposed issue of bonds for park purposes as described in section 2 of this ordinance and for the acquiring and improving lands for park purposes as set out in section one of this ordinance shall vote a ballot containing the following stltement of the proposition, by placing a cross (X) in the square printed on said bay._ot, opposite and at, the right of said statement, to-wit IN FAVOR, of the proposition for issuing park bonds of the city of Everett to an amount of t50,000,00 for the purpose of acquiring, by ~larchase or condemnation, land and beaches for park purposes, and for improving the several parks now owned or herein authorized to be acquired by said city. Every voter at such election desiring to vote against such proposed issuance of bonds menticn4d and described in section 2 r �n.