Ordinance 2170 - Laserfiche WebLink

s ORDINANCE NO 2170 . An Ordinance submitting to the voters of the City of Everett, a proposition for issuing bonds of said City to the amount of not to exceed 50,000.00, for the purpose of acquiring, by purchase or godemnation or both, lands as bites for and for the construction of two Fire Stations. TED& CITY OF EVERETT DOES ORDAIN : Section 1 : The City Council of the City of Everett does hereby propose to the voters of said city a proposition of acquiring by purchase or condemnation or both, lands to be used as sites for two Fire Stations and for the construction of two Fire Stations on said sites and for the issuance of bonds to raise funds for said purposes. That it is proposed that the city acquire by purchase or condemnation or both, tracts of land to be used as two sites for two Fire Stations, the selection of the exact location of said tracts to be left to the discretion of the City Council. That the city use the surplus remaining out of the funds raised from the said issue of bonds in the said sum of not to exceed 450,000.00 (Over and above the sum necessary to pro cure the necessary lands to be used as : ites for said Tire Stations) for the construction of tvc Tire Stations . Section 2 : That the City use and sell in the manner provided by statute its serial , negotiable, coupon bonds , maturing and numbered from one (1) upward consecutively in a sum not to exceed 50,000.00, for the purpose of raising funds to carry into affect the foregoing proposition . Said bonds shall bear interest at not to exceed the rate of 6 ^ per annum. Said interest to be payable semi-ai nually; that the various annual maturities of said bonds shall commence with the second year after the date of issue and shall, as nearly as practicable, be in such amounts as will, together with interest on all outstanding bonds, be met by an equal annual tax levy for the payment of said bonds