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Ordinance No. 0167
CITYOFMEDINAORDINANCENO167ORDINANCEprovidingfortheissuanceandsaleofgeneral0bligationbondsofthecityintheaggregateprincipalamountof200000toprovidefundstomakecapitalimprovementstocertainstreetsinthecityprovidingthedateformtermsandmaturitiesofsaidbondsandforannualtaxleviestobemadewithoutlimitationastorateoramounttopaytheprincipalthereofandinterestthereonendcreatingafundfortheirpaymentWHEREAStheCounciloftheCityofMedinaWashingtonbyOrdinanCeNo160adoptedSeptember141964providedthatanelectionliIshouldbeheldwithinthecityonNovember31964forthesubmissiontoithequalifiedelectorsofthepropositionofwhetherornotthecityshouldlissueandsellitsunlimitedtaxlevygeneralobligationbondsintheaggregateprincipalamountof200000toprovidefundstopaythecostofimprovingcertainstreetswithinthecity7andWHEREASatSaidelectionthenumberandproportionofthequailfledelectorsofhecityrequiredbylawfortheadoptionthereoffvotedillfavorofSaidpropositionlandHEREASitisdeemenecessaryandtothebestinterestsofthecitythatsaidbondsbesoldandissuedtOprovidethefundsnecessaryforsaidprposeNOWTHEREFORETheCityCounciloftheCityofMadinsWashingtonDOORDAINasfollowsiofprovidingfundstopaythecostofimprovingportionsofEvergreeniPoinROad6hAvenueNE84thAvenueNEsouthofNE12thNE12thadOthesretsjecityonwhichraiacollectsfromlesseTCStreetsforgeneralaccesstoandfrOmthecityasprovidedinOdinanceNo160adoptedseptember141964andasauthorizedbythequalifiedelectorsofthecityataspecial1electionheldthereinon bondsintheaggregateprincipalamountof200000Section2DatetermsandmaturitiesofbondsSaidbondsshallbedatedMayI1965shallbeindenominationsof5000eachshallbearinterestatarateofnottoexceed6perannumpayableNovember11965andsemiannuallythereafteronIthefirstdaysofMayandNovemberofeachyearasevidencedbycouponstobeattachedtosaidbonsshallbepayableinlawfulmoneyoftheUnitedStatesofAmericaattheofficeofthltyrsasurerinediaaashitonandshallhenumberedandmatureinorderoftheirnumberasfollowsBondNos2345I011i1415202122232425262728293031f323435373840SectionMaturityDateMay11967May11968May11969May11970May11971May11972May11973Mayl1974May11975May11976May11977May11978May11979Mayl1980May11981May11982May11983May11984May11985RightofpriorredemptionAmount5000100001000010000100001000010000100001000010000100001000010000100001000010000150001500015000ThecityherebyreyservestheXthttoredeemanyoralloftheoutstandingbondsofsaidissueatparininversenumericalorderonanyinterestpaymentdateonandsaftertenyearsfromdateofissueNoticeofanysuchintendedrede6fqSalbegienbyneubltcatontheriinanewspaperofgeneralCirculatiOnwithinthecitynotmorethanfortynorlessthanJirtydayspriortoSidedemptondteInresonanybondorbondssocalledforEedempttonshallceaseonsuchredepttondaeunlesssuchbondorndsarenOredeeduponesebtaionmadepuanttosuch xnadditiontosuchpublicationthecitymayatIitsoptionmailnoticeofsuchintendedredemptiontoStandardPoorsCorporationandMoodsInvestorsServiceIncNewYorkNewYorkortoltheirsuccossotslitanySectiOn4FormofbondsandcouponssubstantiallythefollowingformUNITEDSTATESOFAMERICAIo0oGENEPjtLOBLIGATIONSTREETIMPROVEMENTBOND19651SaidbondsshallbeinKNOWALLMENBYTHESEPRESENTSfThattheCity9fMedinaamunicipalcorporationofthelStateofwashingtonacknowledgesitselftooweandforvaluereivedherebypromisestopaytoheareronthefirstdayofMay19ztheprincipalsumofFIVETHOUSANDDOLLARSwithinterestthereonattherateOfpeannumpayablesemiannuallyonthefirstdaysofMayandNovemberofeachyearuponpresentationandsurrenderoftheattachedinterestCOuponsastheyseverallybecomedueBothprincipalofandinterestonthisbondarepayableinlawfuloneyoftheUnitedStatesofAmericaattheofficeoftheCityTreasurerimMedinaWashingtonetyhaXservedtherighttordeeayoralloftheohisissueatpariinversenumericalorderionnyinteresttdateonandaftertenyearsfromdatehereofNotice6anyhchintendedlredetionshallbegivenbyC0nepublicationthereofnanewspaperofgeneralcirculationwithinthecityotmorethanfortynorlesthanthirtydayspriortosaidredemptiondateInterestonanybondorbondssocalledforredeptonshallceasetoaccruefromandafterthe ftxedforredemptionunlesssuchbondorbondsarenotredeemedtheityuponpresentationmadepursuanttosuchcallThisbondisoneOfanissueofgeneralobligationbondsofthcityoflikeamountdateandtenorexceptastonumberCrateOfinterestanddateofmaturityintheaggregateprincipalam0untof280000andsissuedpursuanttovoteOfthequslifiedelectorSrptheIcityandOrdinancesNO160andNOfortpuroseofprovidingfundsforimprovingcertainstreetsasinsaidordinancesTheCityofMedinahasirrevocablycovenanedbysaidOrdinanceNOthatitwilllevytaxesannuallyunallthetaxablepropertywithinthecitywithoutlimitationastorateoramountandinamountssufficienttopaytheprincipalofandinterestonsaidbondsasthesameshallbecomedueForthepromptpaymentofsaidprincipalandinterestthefullfaithcreditandresourcesofthecityareherebyirrevocablypledgedItisherebycertifiedthatallactsconditionsandthingsrequiredtobedoneprecedenttoandintheissuanceofthisbondhavehappenedbeendoneandperformedandthatthetotalindebtednessoftbecityincludingthisbonddoesnotexceedanyconstitutionalorstatutorylimitationINWITNESSWtEREOFtheCityOfMedinaWashingtonhasCausedthisbondtobesignedbyitsMayorattestedbyitsClerkandtheofficialsealofthecitytobeimpressedhereonandtheattachednteresgouponStobeexecutedwiththefacsimilesignaturesofSaid5ffiiaIsIthisfirstdaroMaiCITOFIDINAWASHINGTONMayor TheinterestcouponstobeattachedtosaidbondsshallbeinthefollowingformzOnthefirstdayof19theCityofMedinaWashingtonwillpaytobearerattheofficeoftheCityTreasurerinMedineWashingtontheamountshownhereoninlawfulmoneyoftheUnitedStatesofAmericasaidamountbeingthesemiannualinterestduethatdateonitsunlimitedtaxileVygeneralObligationstreetimprovementbonddatedMay11965andnumberedCITYOFMEDINAWASHINTONByeiCityClerkUjSectionSExeCutionofbondlSdbondSshallbesignedonbehalfofthecitybyitsMayorattestedbyitsClerkandshallhavetheofficialsealofthecityimpressedthereonEachoftheinIterestcouponsattachedtheretoshallbesignedwiththefacsimilesignaturesofsaidOfficialsiIScion6ApplicationofbondproceedSAllmoneysfromthesale0fthebondsauthorizedhereinshallbeexpandedsolelyforthecaptalpurposesprovidedinOrdinanceNO160andthisordinanceandnoneofsaidmoneysshallbeusedforthereplacementofequipmentI9rforanyotherthanacapitalpurposeSeceon7Fuhaf0napymentThereisherebyCreatedaspecialfundofthecityintheOfficeoftheCityTreasurertobeasMedina1965SereeImprovementbondFundirrevocablycovenantsthatItwillmakeannualleviesoftaxesuponallthetaxableproperty5WtfhtheityWithoUtlimitatOnastorateortnoUntdintssufficienttopaytheprinCipalOfandinterest 7hebodauthlzehereinasthesameshallbecomedueThecityffurtherirrevocablycovenantsthatallsuchtaxessocollectedshallbepaidintosuchbondredemptionfundinamountssufficienttopaysuchinterestatleastthirtydayspriortothedatesuponQvhwhiohenysuchinterestorprincipalsndinterestshallbecomedueandpayableandopertofsuchFundshallbeusedforanyotherpurposethanhepaymentoftheprincipalofandinterestonsaidbondsTheulltithcreditandresourcesofthecityareherebyirrevocablypledgedfortheannuallevyandcollectionofsuchtaxesandthepromptpaymentofsuchprincipalandinterestSection8SaleofbondsTheCityClerkisherebyauthorizedanddirectedtoadvertisethesebondsforsaleinthemannerrequiredbylawanduponthesaleofsaidbondsthepropercityofficialsareherebyauthorleadanddirectedtodoeverythingnecessaryforthepromptissuanceanddeliveryofsaidbendsandfortheproperuseandapplicati0noftheproceedsofsuchsalelSection9CodereferenceAllsectionshereofshallbeconsideredofspecialeffecteffectiveonhe19thdayofApril19655PASSEDbytheCityCouncilonth12thdayofApril7iCLandsignedinaUthenticationofitspassagethesamedayMayorCityAtorney5Section10EffectivedateThisordinanceshallbecome1965 LIIIBERNICESODENCityClerkoftheCityofMedinaWashingtonDOHEREBYCETIFYthattheforegoingisatrueandcorrectcopyofOrdinanceNofsaidcitydulyadoptedbytheCityCouncilthereofataregularmeetingheldonthe12thdayofApril1965CityClerk