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Home My WebLink AboutO-0305 - Bond issue (Special)AN ORDINANCE prOViding for the issuance of general obliga- tion b~nds in the sum ef Twenty Thousand Dollars ($20,000.00),in accordance with the propesi ti on sUbmi tted bVrdi'nance No.2104, of the Town of Marysville,passed en·the I day of Octeber, 1936,and voted upon at a.special election held on Tuesday,the Brd day of November,1936,and adopted by the voters of the Town of MarySVille at sal d electi on and provi ding for the form and tener of such bonds,the date thereof and the order of retiring the sarneand the payment of the principal and interest thereof,establishing special funds for the payment of the sarne, ana declaring an emergency~ 1 2 4 5 6 7 -.w->:"""~ ORDINANCE NO.------..;30 J i ~'I i ! 8 9 WHERE.I\Sat a special election held in the T()wn of Marysville) 10 II Snol:lOllll.sll County,Washington,o~TuesQ,ay,the Brd day of Nevember,. ""j, 11 12 1936,under and I>t1rsuant tQOrdinance No. the II day of Ootober,19216,Il\ore than 2104,of saiti Town pa.ssed three-fif1!hs of the 17 II ialelectlerihaving par1;icipa'lied therein,and vqting-ill fa'VorQf 13 II qualified>voters of said Town vottng at said elect.fon voting in 14 II favor 0:(said bondsi the tot,al number of persons voting constftut-· 15 II ins a lllalJ,f)rity o·f the voter71in said taxing district of Marysville, 16 , voting for the offi ce of Governor at the next preceding gubernator r \ 18 II the proposition of building a new Town and Community Hall in the ,. 19 II Tawn of Ma:r;-ysvil1e,as set forth in Ordinance No.304 of said .'........-,. 20 II Town,and obligating satd Town and taxpayers therein to pay the 21 II Town's partion of the cost of said Hall,estimated at $20,000.00 ..".'.1 That the Mayor and Town Clerk of the Town of of not over fi ve per cent.(5%)per ann;qm, ;'.f ' NOW,THEREFORE,the Town Council of the ~own of MarySVille arid authoriZing 1;he issuance of hO.tes orbond$to be ageherlil;l ".....'."..'.. ..--....'..'- oblfglil,tlol1against said TQwn,in sa.id amctlilnt,payable in twenty (20)arill1~a:L.insta:Ll.l!lents and carrying an interest:r1\\t.~'\;h~reon of Twenty Thousand .Dollars ($20,000.00),beari'ng 'interest at the rate of not over five per cent.(~%)per annum,.payable ~\ MarySVille be and they are hereby authorized and directed to issue Section.1a: "-~ DOES ORBAIN: 32 26 24 25 31 27 28 29 30 .. general abligation bonds of said Town of MarySVille,.in the sum-."..-..:.--.:.-. 22 23 110 G~.WARNOCK LAWYER ~;;3t 3 COLBY BLDG; >;:R!tD ,~9t ~EvERETT.WASH. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 .;;.j .::/" '. annually from date until matured,evidencea by interest coupons, .,,'",,"".'\said bonds to be in the denoll:\inli\.tion ot One Tll\1lU$and Dollars ($1,000.00)each and to be numberedconsecuthely from one to twenty,both numb~rs i.nclusi.ve,to 1'Ie dated .r~uary ht,1937, the sat d bo~ds to be payable oui!of lIilarysvil:te TQwn Hall Bond Fund No.1 and Marysville Town Hall Bond Ini!erest FUnd No.1,' and shall mature serially as fOllows,to-wit: NUmber 1,Uanuary 1st,1939,$1,000.00; Numb,er 2,January 1st;194(},1,000.00; Number 3,January 1st,1941',1,000.OG; Number 4,January 1st,1942,1,000.00; Number f:i,.ranuary 1st,1943,1,000.00; Number 6,January 1st,1944,1,000.00; Number "I,.;ran'll ary 1 st,194f:j,1,000.00; Number &,Janu,ary 1st,1946,1,000.00; Number 9,January 1st,U47,1,000.00j Number 10,January 1st,194&,1,000.00; NUmb,er 11,Jarl11ary 1st,1949,1,O€lO.00; Numliler 12,Jan~ary 1st,1950,1,000.00; Number 13,.r,a.nua;r:oylst,19f:il,1,000.00; Number 14,January 1st,1951:l,1,009.00; Number 15,January 1st,19f:i3,l,OOO.€lO; ~um"Der 16,January 1st,1954,1';,000.QO; Number 17,.ranuary :Lst,195&,1,000.00; NumQ,er 18,January 18t,1956,1,000.(}0; NUini)er 19,January :Lst,1957,1,000.00;' Number 20,Jan1;1ary 1st,1958,1,000.00; §ection,,2:,TFlat il;1 addlti 01;1 to the fii11ds known as MarySVille To,wn ijall J3C1nd Fond No.1 and lIilarysville Town Hall Bond Interest 1i'tlnd No.I,createa,by this ordinance,there is now creat,ed an additional fund to,be known as MarYSvilleJ!l!i1w 'J:'o~n H:all Construo- tion FUnd into which last mentioned fund shall be paid the pro- ceeds fr\>m this sale of said bonds,together with moneys,if any, , paid tosli\.id Town by virtue of the National Industrial Recovery ~ct and i.tsancillary organizations. Section 3:The Town Council or the,TOWn or lIila;r:oysville shall cause to be levied froll:\year to year d~ring the lire of the gen~ eral obligl;1.ti on bonds herein proposed to>bEl iSl3qed,anannual tax levy sufnci ent to meet the paytnent of interest'on sai.d general obligation bonds and sUffi.cieIit to meet>.the principal ~2.,. thereon as the same mattlre"the proCeEtdS from said f.,ax levies shall be set aside 1)y the City TreaSuJ;'er or the Tewn of' Marysvill$and paid into Marysville Town Hall Bond Int.erest Fund 1I!o.I,and into MarYElville Town Hall Bond Fund No.1, in the respect,.1ve proportions,due said f'undEl and be used solely for the payment of the interest and principal on said bonds as 1 2 ~ 4 5 6 7 '"".'.'.~~ ,~-e 8 u '•,~,''the aame become due and t>ayable. Section 4:That said general.obligation bondli!hereby authorized to be used shall be in sUbstantially the following form : 9 10 ~,11 12 13 14 15 16 No.$1,000.00 UNITED STATES OF AMERICA STATE OF WASHINGTON C0tlNTY OF SNOHOMISH TOWN OF MARYSVILLE ' SPEcIAL NEGOTIABLE SEaIALCOUPON BOND KNOW ALL -J.tEN 'BY THESS PRESENTS: 20 23 25 19 That the Town of Marysville,a municipal corparation of the Stll't.e of Washington,acknowledges itsel;f to owe and for value J;'ecei ved promises to pay to the bearer the sum of One Thousand DOllars (:n,ooo.OO),on the 1st day of Janu.ary ,19----" together with interest from dat.e.until paid at,the rate of .per cent.(0)per anmJ!I!.1 payable ·se~annu,allyon the '1st da o'f oIanuar in eac1'l year on the present,ation and surrender of the next iilterest coupon as they severally become due,both principal a/:ld interest pay- able in lawflll money of the Uni ted States of America at the fiscal agency of the State of in the City of ,both ,principal and interest of said bonds being payable out of Marysville T()wn Hall Bond Fund No.1 and Marysville Town Hall Bond Interest Fund No.1,of said Town of Marys-yil1e.according to tJ;1e provisions of Ordin~~ No.3o~,of the Town of Marysvllle,passed on the f'k""-day of A40 OLT:,193~,.and of this orcUnance,and the Town II Treasurer of said Town of Marysville is hereby directed to pay 26 t:ne San'1.e as therein.provided •...•. .:":....•.••'.. 24 22 21 18 17 27 ..•,•••••''':.Ii .-e,"~.:......• •'••,•.,>-••'.. 28 IN WITNESS WHEREOF the Town of Marysville has caused this bond te be si gned by its Mayor and at.tested by its Town Clerk 29 II and the coupons hereto attached to be signed with the litho- graph signatures of these officers and has caused these bonds 30 II to be dated the 1st day of January,1937. 31 TOWN OF MARYSVILLE By A.H.MARCH Mayor -3- 32 II .!j:t..t,eEl1;: H..F .PFR01ltIlltI Town GJ.erkIL.:'G.WARNOCK LAWYER ~313 COLBY BLDG. RED 691 EftElT.WASH. .«..... ,~-'".<•.-'-"'I", 111 ****** 2 II The interest coupons atta.ched to these bOnds shall be sub... ~II stant,ially in the fOlll;lwlng form; .4 1I~0 ••INTEREST COUPON $......._-- anuary 1st, On .the ·lst day of........j19 ......tbe'1'own .of . Ma:pysville wilil.pay to the.bearer at.."the fis,~e,:J.agency of tbe State of·;:'.,in the C~ty of .....__.• the sum of .......•.....•.DoUars""f$............).ih lawful mOney of t1'le tini ted States.solely from the.Speci.al Fund known as the MarysvH!e Town.Hall Bond Interest..Fund No.•I,said SUIll being €l~.ii;...~X.-.mo.nth.'s ..int.ere.s..t due that date.on its Special Negoiable Serial Coupcm Bond. A .Fl....MARCH Mayor. By n. .TOWN OF MARYSVILLE '-J_, Attest: B.F'.PFROMM 7 5 8 6 14 9 10 11 12 13 -4- attached to saidintereE!t coupons Il\aybelithogl:'aphed or en- _-:;...;a~41~d Attest:M A·0 R...".'.,;). ;riff:'P~ TOWN C~ Passed:7LCH.J ..30 (!'13k, Published: The signaturelil of th.eM!l<yorand Tli)wn Clerk graved facsimile signature <fIf said officers on said interest coupons and such lithographed or engraved facsimile signatures shall be va:J.id and binding t..o all intents and purposes on said Town of Marysville. Section 6:That the lilale of said.bonds shall be conducted as pr<flvilled in Chapter lfil,Session :4~wEl of 19123,and notice thereof given as provided in lilaid law. Section .7:That an ..JilS;¢~~?y ilil declared to exist and this ordinance shall takeeffectup.on its passage and pUbl1cat~On. Sc.;Se.cti on 5: