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HomeMy WebLinkAboutOrdinance No. 0153DIMA153CtJetheoul8municipaleleettotobeheldthelnonHatch1Orbs196utholzlgtheintheprincipalofupto530royadhiwhichplprolSfeupkInenaeastOthOOthRotenitsprojectiondRAgh1wouleWboauqutdwhilerGITTGOUHiLOFTiiGIOFDIACAIiShefanddeclthat1eidentsoftheCityrequiemhatelectorsoftheCltbmittedtoconsiderheauhovzatcnoftawuntoofbomforhspposesheratelierdescribedSeeienSaobospark4oflaitsitimlimprovmenforpnkUseintheannPalaresboundedbthesesbroetslMortheamt12thHurtbeast8hBOthNortheastanditsproJecisotodoshallIssnndsellleFenerulobligationosinthepPlmipalstmofupto89O00TpeeedsorthesmleofsuchbondseretobeusedwithsuoPfunasaedecriedavailabledesirabletobeusedforthepurposedthepureesIstobecarriedouasuchtimeoamheGocilmayproaibondsshatlbesoldinsuchazotsandSuohtsytssasdednecsssbyColludaspetittedbl1hlbsaaratextoexceed6pedshallMatussriallyfrtwouswsntyynapsofissueInsuchmonsaSWillasarlyaspractiCableteaetherwlhlneeetonmaidbowsbemetbyequlualtaxleviesforthepaymentvthelnoipherseftheInteresttonpPimolpglofatnomonsaidboIsshallbepaablebualtaxleviestObedeUponalltaxablepyWithintGtyhoullmitai0nasoeteorTheexeudaefotesandetIttesofenidnsjshallbeasdefedbyodineeofCityEoil Betion3ClerItoCertifyPropoSitlonforBalancgTheCityClerkishrebyauthorizedanddirectedtocertifytotheKingCountyAuditorthefollowingpropositionfortheregularmunicipalelectionltobeheldtntheCityonHatch10196kPROPOSITIONPARKBONDSShalltheCityofMedlnaWashingtonissueigeneralobliationbOndsintheprincipalsumOfUptoEightyhoueandDollars80000suchbondstobepayablebothprincipalendinterestoutofaxleviestobemadewithoutlimitationastorateoramounttobearInterestataratelottoexceed6peranduomatureserlallyInfromtwototwentyyearsfromdateofissueforthepurposeofprovidingfundstoacquireandmakenitiimprovemontetolandforparkuseInthegeneraleaboundedbyNortheast12thNStreetoftbeast8thStreetOthNortheastditsprojectionand82ridNortheastintheOltyBONDSYESN0BONDSSeeionkCodeReferenceAllsectionshereofshallbeconsideredofspecialeffectSection5EffectiveDateThisordinanceshallbecomeeffectivuponthe20thdayofPASSEDbytheCityCocIonthe13hdayofjanuary196andsgnedinauthentlcatlonofitspassagethesedayApprovedastoformBTEPHENFZCHADWICKCiAtorneyIBERNICESOWDENCityClerkoftheCityofMadinsherebyCertifythattheforegoingisatrueandcorrectcopyrOrdlnanceNo53oftheCityofMedinaprovidingforthesubmissionofaPropositiontotheelectorsoftheCityandthatsaidordinancewaspublishedbypostingaccordingtotheLawsoftheStateofWashingtonBECityClerk