Ordinance 0035ORDIDi"GE A0.35.
An Ordinance to provide for the issuance of Funding Bonds, and
to provide for paying the interest and principal on said Bonds as the
same may become due and payable.
Be it ordained by the Council of the Town of Edmonds.
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SECTION 1: That the Town of Edmonds shall issue Bands, to bed' 1 q
71
known as the Funding Bonds, of the Town of Edmonds, to the amount, of?=
Twenty-three Hundred and Fifty-eight Dollars, and payable twenty
years after the date thereof to or bearer, at the office of the
Town Treasurer, or at such other place as may be named in said Bonds,;
said Bonds shall bear interest at the rate of six percent per annum,
and shall have interest coupons attached, and said interest shall be
payable on the first day of January, and, the first day of July of
each year, and said Bonds and coupons shall be signed by the Mayor,
and be attested by the Clerk under the seal of the Town.
SECTION 2: There shall be levied and collected annually on allo'6�zrw'
personal and real property, subject to taxation, situate within the? �"�
corporate limits of the said Town of Edmonds, a sufficient tag to
pay the interest semi-annually on said Bonds, and to form a sinking
fund to pay the principal sum due on said Bonds at the expiration of
twenty years from the date thereof.
SECTION 3: This Ordinance shall be in full force after its
passage and publication.
Passed and approved this first day of December 1893.
A.M.1'richard, Mayor Pro Tem
Attest: Wm glummer, Clerk.