HomeMy WebLinkAboutO-0274 - Special water revenue bond issue (Special)....•.~
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OR;lV;1NANCE NO.1-71:..
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An Ordinance providing for the isauancEl 01'$15.000.00 of ilIpeeial
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THE
WH:ER~AS.·at a speoial eleQtion held in the Town of :lkarysville.
WUhing1;on;on the 31'd day of Dec_bel',1929.!Jl;1J;;aJiaJJ"~l~to.O,rdinance",". , ' . '.,';"',''..'.":"".:'.'.'._':...'....--.'.::'.',}.:':.:,;',..,;.::'..<'.',-'/,,0_:""'""...:..,'..,",' .
water revenue bol'lliS in,aceord,mce with
Ordinarice No.271 of the Town of Marysville.
appro:lted on the 2l$t "f"y Qi oo~ober.
the llayo:r nnd
!'l rat'e
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of said 'L'own at an eleotion held therein 't>n .the Srd day of December.,......'.''<','.:',.,..,.,.",."...,.::,....,.:,'.::,.,:-.,.:>:-:'.".
1929,.P1I!:O~Nlld;i:1l1:~for the form lilnddetaile 01'such bonda,llJ;}p;px;o;viding
foX"the aal'e thereQi:.'
No.271.paeated and
tty Qt'tPe qualifi <ad ""'>t,,,....
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"votro ;1n favor of the
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$,600.00
......1941
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....1941
M ..194$
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$1500.00 ..M ..
1600.00 ..-..
1500.00 ..-..
1500.00 ..
1500.00 ..
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Sf)ctipn 2.Timt the ilp~,;ial wnter l'~.m\U;bond"hUll1by autno:t'ized
tQ be i;nlUed shall be in 3\~b$tllll'ltially ''linG :t'o1ll~",1l'Jg fQnu,<!IXSllIpt 11$.......'.....-.".."...'."-:'..,....:.....:.."":-,'-"',",,"-'-,',.'-:''''',-:-.,....•-.,
to dlilt~of paymerl't.IiU
IDiOW ALI,:IIi\:r.N BY 'l'111!l$):Pii:YJ.'3iNTS,~hllt the 'town of li!a:r:l":llviUe.Ii
,m~i~illHlIl cQ~Qrlilt.iGn of tha {)ht'¢l d Wubingto19.,alcknQwl'de;,!UI 1 7$ $11'
h o",e,and flllT n1Ui!noei~$4 he:reby prOlllbea to l?~=lth,e'belu·.:r on
,.','}~~I·t,he "dayof ....._ ,. ,_,19_-,ti!:\e ~n:inQ1pt!la~m :('1"'$,hundred
liInd l'lo/lOO ($500.(0)';Dol1u$w;i.'t.h lntl\l:rel1lt>th~r~l,'Il')at tfl>lil ~<\lh of.i
per .Q$l'JtperaJimum.PIlYIiI'bl*,,$em:l,-;!lrm~BUy on tlH)/sr-dtlyaor J.Qngg"eJi
and ..Ja~.'..",0'£esel'i year,/HI eN,1depltll,\ld ~y ~Jldu:pCrl l!~!lt$l$ntaiion '
and $UTrebde.:l\'of th$anrl$X(;dintere$ct ooUj;lO'n$as th<!l;l'Uve:ral).-y beC"Ili\!1 .
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due,bnthPnrJQ1~al and iiltel''iillllt payabl~:in liiold c:o,ii'l o-i'the \jf.lj.hd
.'states of t!,Jlledea Q!the /ilre,umt at,~Ildard of ~we:ight Emd :t:inelHllJS
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,at the office cf 'the ",reAt!lIU'l\U'of the
JIilliellQY of th e
Qf the lltiilJ.IUl:r.bQtb l)l~ifl'd):tl'ill
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of 13eotion :3 of
IN WITNESS WIiEREOF.the Town of Marysville hRa o'lueed this bond
It ia heTeby ,found,
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hel'eafterthereto made,according to the provisions
aaid Ord1'nlmoe No.271 of the 'town of Maryavil1e.
interest of said llonds.
'l'h '.1,'0111.\'1 of jllaryaville hereby covenant$w.it}lth~l'.l61der$,of this
bond that it will keep and perfo,rmall the covenl'lnta and pl'omiua,i,n- -.--..I·-..-.c-......-.
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preoedent to i!lcnd in the i:uuanoe o':f this bond,have happened.been done
and performed.as required by law.
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for the soqui21i tion and pu:t'eha<le of a water tank as an additil1m and
betterment to the lllunioiwal '\\IWater worka $:ystelJ1 of said Town.and is
payable out of spechl fund,created by aaid Ordtmmce No.271.desigrta1;.
ed Q;Maryaville Bpeaial'Wrater Revenue 130nd Fund No.2"whitlYl fund is
to tit';drawn up all for the sole purpose of 'Paying the principAl land
t;
theuid OrlH,rll;lneeeOntlllned to be byi t kept arili pe,rforllled,and the
said Town does hereby i:rrencably obligate Iilnd bind itaelfto set aaide
,,lJfi'ld '.",,.•.•,.'an!1 pl,ly into the,lbond fund from t,he gr9,S:;lre"lei'Jues QflllllA,1~munieiptill
water ayatem,at '1.elallit thirty daYill prior to the rempeothe daya upon
whioh interost or 'Prinei'!)"l iilnd il'ltere$t of theoOlldlilQf this haue
shall become dUtl;$,sum,equal to the ,j,mount of au eh interestiilrldauoh
priniop131 arid interest,utheeslllemay bO I whioh atu~{{hilll $0 ":pledged.
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are hereby deoiared to be iii "1'1,ell1"l,ll1d oi:mllge upon the gross revenues'
'rhe Town of Xiary3ville further binds itself to e13tabl1ah and
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msintmin'rates for water services whioh-shall provide sufficient revenues'.....,y
to permit the payment into aaid 3pEl,<tial :fund of saiq sum!!whioh the oity
has pledged to be set aside for paymelJt of prinoipal a,nd intereat'of said
bonds until suoh bonds have been paid in fu:p.
to be signed by its Mayor and attested by its 'l'own Olerk and its
corporate selll to be hereto affixed and ihe -itlterElst COUPOIlS attaohed
ion of the St!lt~of Waahing:ton,and the Ordinano~o:f the 'l'own of Marys-
ville,and that all aots.conditions and things requi ,red to be done
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oerUfhd.and deehred thl~t.said qorids are
:.'.''",','".____".___..,:j:"d ,..:,.::',',:::..'::.'-<-:::".::--,.,",,.f:?:Y>issued pursuant to and ih striot oorilplililnoewi th the Laws Rna Ctmsti-tut-
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and signed and seal ed with the lithographed signatures of said officers
(In the /.U-day of J'Ij;;_.1930...
Attest;
Its Clerk.
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TOWN ~Cl1j'rUl'I'YSVlLLjjj
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The interest coupons ettaeiled t¢said oi)flda $hall oe substantially
in the following form,except,"$to dates of )i)symenta:
i~TRREST-COUPON.
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_________,1930,the Town of lilarys'I'ille.
~'•.e"e';1'0'_'.;(
No.
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On day of
officers and such facsimile signr,turea ah"11 all intent
and PUTDOS€S up on the said 'i'own of Maryavil1e.
TOWN OF MARYGVILLlt
by _
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Section 3.All of said bonds shall be signed by •the lilayorond
Rttested b:y~;he Clerk under the aeaL of the said 'Pown and eeel:!Q·f said
interest coupons shall be sign ed with the facaimile~i£n~ture~of aRid
State of Waahington.will pay to bearer at the fiaoal I~genoy of the
State of W!1shingtoti,in the City New York.or s't the offiee of the
1'l:'eal\lurer of ,the Town of Mar:y0'iille,at the holder's optioil,the ilium
of $~.in goldeoln in the United States'of America
Attestl
FundNo •.2 11 on its epeeial water r$VlimUe .oond dated
JulJ .1930,numbered _•
._solely from the special fund kno ......n as "Ma.l'ysville WateI'l'le'l'ElntHl 'Bond
-i.f7'-on the day of
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::,,;,;<.'"::2\";;,.:g ;'
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'this ordinance :ehallteke.-'\.:
.
Ij~hv'-G~~,'.4-<-"~
Mayor.
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Best ion 5.
Section 4.That the Town Clerk
directed to oall for bids :for the aale
proVided by law.