Ordinance 1740-90 - Laserfiche WebLink

amount of the Bonds and the Series A Bonds, as of August 31, 1990, is $24,445,250. SECTION 16. Sale of the Bonds. The Bonds shall be sold at public and bids for the purchase of the Bonds shall be publicly opened, read and considered at City Hall, 3002 Wetmore, Everett, Washington at such time and on such date as the Finance Director of the City shall direct but not later than October 10, 1990. The City Clerk is hereby authorized and directed to publish a notice of such sale in a newspaper of general circulation within the City, and in such other papers or financial journals as may be deemed desirable or appropriate by the financial consultant of the City. Such notice of sale shall be substantially consistent with the notice of sale appended hereto as Exhibit A and by this reference incorporated herein, and may be published in abbreviated form. The Council shall approve the terms of the Bonds and accept a bid for the Bonds by resolution adopted on the same day as the bond sale provided that the Council reserves the right to reject any and all bids for the Bonds. The Finance Director of the City is hereby authorized and directed to do or cause to be done everything necessary for the preparation and approval of an official statement for the sale of the Bonds, and, upon such sale, for the prompt printing, issuance, execution and delivery of the Bonds to the purchasers thereof and for the proper use and application of the proceeds of such sale. SECTION 17. Temporary Bonds. Following the sale of the Bonds, the City shall cause definitive Bonds to be prepared, executed and delivered, which Bonds shall be lithographed or printed with engraved or lithographed borders. Until the definitive Bonds are prepared, the City may execute a temporary -22- KR113 90/09/17