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�N' ORDIN�NCE 0� iI-IL C iiY G.� R:�if iGIJ �UiHOR I�II�TG 1 '�'
7s'I�YOR AITD CI�TY CI:�RK iC ISSUE �CNDS AGfiIi�?ui I.�Ct;AI, I11�P1�O�TL+�s(.�;Ni
LI�iRZCi �`dC. 164, CF SyID CIiY, I'�O�TIDI1iG �+'C;3 �'HE ?�A.ii, OF
IS�i��:3ESi SAID BCIv'DS Si-�LL ����l�i�, '�:.� ')�.i� OT' ���IR I�StTE AND
�:'I-L`�IR �-�xziUi3Z1^Y hND ?UiHG:tI�II�TC '_�IR Sr^�I,1; Q:3 DELIVE?�Y ?C LHE
COT'diR��C^0� T��.�.KI?�G '�'I� ITi�'RO'II{�P,'�'R,T^ IN Sh.ID DISi'�ICT.
1Hu CIiY CCUNCII� Oy ^� CIiY ON' ?�+,�TiON �OES C�I7�IN
AS rOZLOuV�:
Section 1: ihat the ?Ta.ycr �nd the City Clerk cf the
City cf Renton be and they ��re �iereby �.uthorized �.nd directed
to execute and iss�se local impro�?ement bonds against I,ocal
IrnprctTement District Number I64 , of the City cf Renton, and
trie property included �lerein, which district was creu.ted
by Ordina.nce I�Tur:�ber 815, cf the City of �Renton, tn the
a.�gre��,te sum cf One Hundred Forty-three Dollars and seventy-
fi�re cents (:�143.75� .
Secticn 2 : aaid bonds sYiall be in uenominaticns as
fcllotivs :
Bcnd numbered 1 to be fcr �43.75 and bond numbered
2 shall be fcr the sum of One Hundred �ollars (�lOQ.UO) .
Saicl bcnds sr�.11 be issued on cr wfter the l�th
day of �ecernber, ,192� , a.nd �hall be paya.ble cn ar befere
. tie�ren years after date of trieir issue.
i7iey tihall i�ear interest a..t the rate of ei�n� (8)
l�er cent per annurr: frcm �he date of their issuance until
c�.11ed f�r �ayment by the `ireasurer of sa.id City, �:�hich
iriterest shall be payable annu�.11y and sriall qe ejridenced
by coupons attacned tc sa,id bcnds, une coupon fcr each
ye�.rs interest, all cf m�hich said coupons �hall be subject
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to the terms and conditions of the bond to which the same
are attUched and if any bcnd shall 'oe c�.11ed f cr �.�ayment
befcre the mG,turity of any ccupon tha.t ma,y be atta.ched
theretc the said coupon �hall beccme �raid.
U�.id bcnds shall al�o ecntain a. nctice of all cf the
�a,cts required by statute to be inserted in the face cf the
�onds.
;�ecticn 3: ine bcnds is�ued u�cn the pro�risicns cf
this crdinance may be scld fcr cash a.t nct le�s than p�.r
��u.lue or may �. t the elec�ion cf the Ci ty be issued directly
tc the ccntractcr rna�;in�, trie imprcvement in said dist;rict ,
cle:ii�rered t� nim by the City Clerit irrunediately u��on t,heir
issue , � upon tY�e surrender by nim uf �aarra.nt� issued a�ain�
said local impr��ren?ent district in a.n ar.mcunt equ�l tu tr.e
bands sc deliTrered.
;ection 4 : inis crdinance shall be effecti�re fisre (5}
days frorn a.nd after its passa�e, �pprova�l �nd lega.l publicatien
as by law pr ov id e d.
Passed by tr�.e City Ccuncil cf the City cf �?enton,
?"dashin�tan, February 28th, 1928.
Appro��ed by the TJiayor this 28th day cf �+'ebrua.ry ,1928.
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�'ubli�ned. �arch � ,1928.