Ordinance 518OpMITAICE 1:0.518.
A1' ORM31 RICE providing for the issuarce of Eire Thousand
( 99000,00) Dollars of general bords it accordance with a pro-
-position submitted by Ordirarce J o.515 of the City of Edmonds,
Washirgtor, passed and approved -August 2, 1938, adopted by the
voters of said city at ar electior held thereir or September 13th
1938, provtdirg for the form and details of such bords.
WHEREAS , at a special election, heid it the City ofEdmords,
Washirgtor, or September 13, 1938, pursuart to OrdirarceL o.515,
passed and approved August 2, 1938, more thar three -fifths of
the qualified voters of said city, voting at said electior,
voted it favor of corstructirg an additioral and supplemertal
system ofsewerage and issuir_.g gereral bords it the principal sum
of Tire Thousard (09,000.00) Dollars, ir_ paymert of the city's
portion of the cost thereof,
LOW, THEREFORE, THE CITY COUICIL OF THE CITY OP EDis OID5 DOES
0FJ)AIL AS FOLLOWS:
SECTIO1, I: That the Mayor axd City Clerk of said City of
Edmords be and they are hereby authorized and directed to issue
general bords of said city, ir the prircipalsum of Lire Thousand
W,000,00) Dollars, to be dated L ovember 1, 1938, ardbear int-
erest at the rate of 5 per cent., per arrum, payable semi-annually
said bords to be ir_ deromiratiors of $200,00 each,rumbered from
ore to forty-five, inclusive, and mature serially in the order
Of their rumber as follows:
$400,00---------------------------- Lovember 1, 1940
400,00--------------------- livember 1, 1941
400,00---------------------- Lovember 1, 1942
400,00---------------------- L ovember 1,1943
400,00--------------------- - L ovember 1,1944
400,00--------------------- g ovember 1,1945
400,00---------------------- L ovember 1,1946
400,00--------------------- l ovember 1,1947
6
Wd
400,00-----------_______ 1,ovember 1,1948
400900------------------ r ovember 1,1949
400tOO------------------ I-ovember 1, 1950
400,00------------------ J ovember 1,1951
600,00------------------ November 1,1952
600, ❑0-------------------T ovember 1,1953
600,00------------------ l ovember 1,1954
600,00------------------ J ovember 1,1965
600, 00----___-_--____--_ j ovember 1,1956
600,00__________________ L ovember 1,1967
600,00----___- -___-_ r ovember 1,1958
Seetior 2:That the general bonds herein authorizecl to'.,be sub-
startially in the form following, except as to db,tes of payments;
I o, M ITED STATES OF AMERICA $200,00
STATE OF WArSHUGTOL
CITY OF EDUMDS
General Coupon Sewer BoXCLI!,
Xxow all meal by these presents:
That the City of Edmonds, a Mmieipal Corporation of the State
of Washington, acknowledges itself to owe and for value received
promises to pay to., bearer the sum of Two Hundred and no/100
($200, 00) Dollars, or the first day of r ovember, 19 together
with interest thereon from date hereof pntil paid -at—Me rate of
per eent., per annum, payable semi-annuglly or the first days
may and l ovember each year, as evidenced by and upon pres-
entation and surrender of the annexed interestCoupors as they
severally become due.
Both principal and irterest payable in lawfil money of
the United States of America of the present standard of weight
and fineness at the office of the Treasurer of said City of
Edmords, or at the fiscal agency of the State od Washirgton
in the City of Xew York, at the option of the holder, and for
the prompt payment of this Bond, both prineipal.and interest,
as_ the same becomes due, the full faith, credit and resources
of the said City of Edmonds are hereby irrevocably pledged.
This Bond is one of an issue of tire Thous and ($9 , 000, 00 )
Dollars of General Bors issued by said City of Edmonds for
the purpose of providing funds for the construction of an
additional and suoolemertal municipal sewer system pursuant
to the plans specified and adopted by Ordinance Igo. 515 of
said City, and ratified by the qualified voters of said City
at an election held therein on September 13,1938, and this
bond is issued pvrsuart to said Ordinance No. 515 and in full
compliance with theOrdinarces of the said City and the consti-
tution and haws of the State of Washirgton.
It is.hereby recited, certified and declared that all
aets,conditiors asd things required to be done pereedent to
aged in the issuance of this Bond have happened, been dore and
performed as required by law; that specific provision has been
made by theeity Council for the payment of the principal and
interest of this Bond as.the same becomes due, and that the
total indebted.raess of said City, ircludirg this Band, does
not exceed any limitation prescribed by the Constitutuion or
Statutes of said State of Washington.
III WITSESS U REOF ,said City of Edmonds has caused
this Bard to be signed by its Maroy and attested by its City
Clerk and its corporate Seal to be hereto affixed, and -the
interest Coupons hereto attached to be signed are sealed by
the lithographed facsimile sigratures of said officers this
first day of November, 1938.
CITY 0F E"OE DS ,
By
s Mayor.
Attest,
IZEer .
The interest Coupons attached to said Bonds shall besub-
startially in the following form, except as to dates of payment;
IL TEBEST COUPON N o.
Coupor. 10.
Or the ins day of ,19 , the Coty of Edmonds,
State of Washirgton, for value received, will pay to the bearer
at the fiscal a.gemey of the State of Washi3pgton in the City
of Dew York, or at the office of the City Treasurer of the City
Of Edmonds, at holder's option, the sum of,
27
lawful more$ of the United States of America, such sum being
the semi-annual interest due that day on its General Sewer B
Bond dated November 1, 1938.
Attest:
Iris Clerk.
City of Edmonds _
By:
its:11ayor.
SECTION ;: All of said bonds shall be signed bythe Mayor
and attested by the City Clerk under the Seal of 4aid City,
and each of said interest Coupons shall be signed With the
facsimile signatures of said -Officers, 4nd such facsimile si
sigratuer shall be birsirg to all ir_tenes and purposes upon
the said City of Edmoilds.
SECTION 4: this Ordinance shall take effect and be in force
from and after five (5) days after its passage and publication.
Passed by the City Courcit and approved by the Mayor
this loth, day of I ovember, 1939.
ATTEST: F.A,FOii$TiF.R,
Mayor.
City Clerk.
Published: November lath, 193a.
I hereby certify that the above
and foregoing is a true and correct
copy of Ordirabe N o.518 of the
City of Edmonds, Washington.
City C18q.