Laserfiche WebLink
• <br /> ORDINANCE NO. ?/ ?— ?..? <br /> AN ORDINANCE authorizing the cancellation of certain unguaranteed <br /> local improvement bonds and providing for the distribution of related <br /> cash on hand. <br /> WHEREAS, the City has the following unguaranteed local ; mprovement <br /> bonds outstanding and related cash on hand: <br /> LID No. Bonds Outstanding Cash on •Hand <br /> 284 $5,500.00 $810.79 <br /> 288 3,200.00 96.49 <br /> 293 6,200.00 -0- <br /> 299 4,800.00 85.78 <br /> 300 7,000.00 -0- <br /> 309 3,454.76 323.55 <br /> 320 900.00 -0- <br /> The bonds were issued during the years 1913 through 1916. <br /> WHEREAS, Ordinance No. 2900 dated February 11, 1941, called for <br /> the redemption of unguaranteed local improvement bonds at the rate <br /> of 10¢ on the dollar and it appears that no more bonds will be <br /> presented for redemption, and <br /> WHEREAS, RCW 35.47 provides that unguaranteedllocal 'improvement <br /> bonds outstanding may be cancelled and cleared from the accounting <br /> records, <br /> NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of <br /> Everett, that the unguaranteed local improvement bonds listed herein are <br /> hereby cancelled and shall be cleared from the accounting records and <br /> that authorization is given to the City Treasurer to transfer the <br /> remaining cash on hand to the Local Improvement Guaranty Fund. Should <br /> any of the bonds herein cancelled be presented for redemption within <br /> one year from the dated of this ordinance, such redemption will be <br /> made from the Local Improvement Guaranty Fund at the rate of 10¢ on the <br /> dollar. No unguaranteed local improvement bonds will be accepted for <br /> redemption after one year from the date of this ordinance. <br /> digI <br /> -41111.:Ag// / 4,010/1.4f, <br /> Mayor <br /> Attest: <br /> 419 <br /> I0../p• <br /> City C erk <br /> Passed : /— S- 83 <br /> Valid: /-7-23 <br /> Published: /2- e3 <br />