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HomeMy WebLinkAboutOrdinance No. 0062ANORDINANCNamendingOrdiranCeNo61changingtheformofthepropositionthereauthorizedforthemunicipalelectionMarchllth1958CITYOFMEDINA0qDINAMCENOGTHECITYCOUMCILOFTHECITYOFMEDINADOORDAINASFOLLOWxSeCtion3OrdinanceaspassedJanuary131958andeffectiveJanuary20tb1958isherebyamendedtoreadasfollowssSection3ClerktocertifyDPosiCiforMllOtTheCityC1kisherebyathorzedanddirectedtoercertifytotheKingCountyAuditorthefollowingpropositionfortheregularmunicipalelectiontobeheldintheCityonMarch111958XPROPOEITI0PARESANDPLAYGROUNDBONDSShalltheCityofMadinsWashingconissueitsnatalobligationbondsintheprincipalsumof500000orsomuchthereofasmaybeissuedandsoldundertheLawsoftheStategoverningthelimitationofindebtednessforcitiesofthethirdclasssuchbondstobepayablebothprincipalandinterestoutofannualtaxleviestobemadewithoutlimitationastorateoramounttobearinterestattherateofnottoexceedsixpercent6perannumandtomatureinfrom2to20yearsfromdateofissueforthepurposeofprovidingfundstoacquirelandandimprovethesameforparksandplaygroundsasprovidedinOrdinancesNo56ar61adoptedbytheCityDecember9th1957andJanuary131958respectivelyBONDSYESBONDSNOSectioxx2CodeReferenceAllsectionshereofshallbecrmsideredefspecialeffectsection3EffectiveDateThisordinanceshallbecomeeffectiveonthe17thdayofFebruary1958PASSEbytheCityCouncilonthe10thdayofFebruary158cudsignedinauthenticerichofitsaesagethesamedayApprevedas1ofrmgMaFitzgereldCityClerkWllliamEParkWILLIAMEPARKFayOr