HomeMy WebLinkAboutRES 1164 -
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RESOLUTION NO. �,�,�� ,�7
A RESOZ.UTION of the City of Renton, Washington,
retaining counsel for certain services in
connection with the authorization, 3.ssuance
and sale of $475,000 of general obligation
bonds of the city.
WHEREAS, the City of Renton, Washington, is contemplating
the issuance and sale of its unlimited tax levy generaZ obl.igation
I bonds in the principal sum of $475,000 for the purpose of construct-
, ing and equipp�.ng a new library bua.lding in the central area o� the
city; anc3
WHEREAS, the Constituta.on and laws of the State of Washington
require that the question of whether or not such bonds may be issued
and so3.d for such purposes must be submitted to the qualified electors
of the city for their ratification or rejection; and
W'HEREAS, it is deemed necessary and to the best interest
of the city that bond counsel skillea in such mat�ers be retained to
draw the ordinances, notices and other documents necessary for the
authorization, issuance and sale of said -bonc3s and to give their opinion
as to the va].idity thereof at the time of thei.r sale;
NOW, THEREFORE, BE TT RES�LVED by the City Counsel of the
City of Renton, Washington, as follows;
That Preston, Thorgrimson, Horowitz, 5tara.n & E11is, attor-
neys at 1aw of Seattle, Washington, be and they are hereby retained
to perform the services above set forth, and as compensation therefor
the city agrees ta pay °them the sum of $900.00 and �.n addition thereto
further agrees to reimburse said attorneys for any out-oE-pocket
e�enses which they may incur in the performance of said services . �
In the event the election on such bond proposition fails
to carry, sai.d attorneys will not make any charge for their services
rendered to the date ot such election.
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The city hereby agrees to furnish said attorneys at their
office in Seattle, Washington, with a complete certified transcript
of all proceedings taken in the matter of the authorization, issuance
and sale of said borids .
PASSED by the Council of the City of Renton, Washington,
and approved by its Mayor at a regular meeting of said Council helcl
this 17th day of September, 1962 .
CITY O�RENTON, jnTA5H�NGTON C
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By ����.,� �i'.-
r, �,. Mayo
ATTEST:
��1Z/���si/ �L.��i�.,,,,. �
City Clerk` "
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A�ROVED AS T FORM:
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CyERARD M. SHELI,i�T
.�ity Attorney
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