Resolution 014JRE HF 12-27-52 4
RESOLUTION NO. %
A RESOLUTION of the City Council of the City of
Edmonds, Washington, employing counsel for
certain services in connection with the
issuance of general obligation bonds of
the city.
WHEREAS, it is deemed necessary and advisable that the
City of Edmonds, Washington, issue its general obligation bonds
in the total principal sum of not to exceed $11,450, payable by
unlimited tax levies, to pay part of the cost of purchasing a new
firefighting truck; and
WHEREAS, the proposition of whether or not such bonds
should be issued was submitted to the qualified electors of the
city on November 4, 1952, and at said election the number and pro-
portion of the qualified electors of the city required by law voted
in favor of said proposition; and
WHEREAS, the wording of said proposition will require test
litigation to determine whether or not taxes may be levied in excess
of the 40-mill limit to pay the principal and interest of said bonds;
and
WHEREAS, it is deemed necessary and advisable that bond
counsel skilled in such matters be employed to advise the city at-
torney with respect to the conduct of said litigation and to draw
the ordinances, notices, and other documents necessary for the issuance
and sale of said bonds, and to give their opinion as to the validity
of such bonds at the time of their sale;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Edmonds, Washington, as follows:
-37
That Preston, Thorgrimson & Horowitz, attorneys at law of
Seattle, Washington, be and they hereby are employed to -perform the
services above set forth, and as compensation therefor the city agrees
to pay them the sum of Two Hundred Fifty Dollars ($250.00). In the
event that said counsel are unable to give an opinion approving the
validity of said bonds, then the city agrees to pay said counsel the
sum of Two Hundred Dollars ($200), which shall be payment in full for
their services rendered in this matter.
In addition thereto, the city further agrees to reimburse
said counsel for all out-of-pocket expenses, such as long distance
telephone tolls, which they may incur in rendering said services, and
to furnish said counsel at their office in Seattle, Washington, with
a complete certified transcript of all proceedings taken in the matter
of the issuance of said bonds, including a duplicate court file of
the aforesaid test litigation.
PASSED by the Council of the City of Edmonds, Washington,
and approved by its Mayor triis 1� day ofAi�
, 195,3
ATTEST:
C.'ty C�-e1
2.
Mayor