Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
Ordinance No. 0175
CITTOFMEDINAORDINANCENOORDINANCEprovtdinKfortheissuanceandsaleofKeneralobligationbondsofthecityintheaggregateprincipalamountof80000tOprovldefundsforcityparkpurposesprovldlnthedateformtermsandmaturitiesofsaidbondsandforannualtaxleviestobemadewithoutlimitationastorateoramounttopaytheprincipalthereofandinterestthereonandQreatlngfundfortheirpaymentWHEREASpOrdinanceNO153adoptedbytheCounclloftheCityofNedinsWashingtononJanuary131964providedthataspasialelectionshouldbeheldwithinthecityonMarch10196qfObhepurposeofsubmittingothequalifiedelectorsoftheeltyhepFopelltionofwhetherornotthecltyshouldlssueandsellitsunlimitedtaxlevygeneralobligationbondsltheaggregateprlnsipslamounof80000toprovidefundstopaytheseatofacquirIngpropertyforaoltyparkandmakingoapltalImprovementstothesameandWHEREASatSaidelectlosthenumberandproporblonofthequalifiedelectorsofthecityrequlrsdbylawfortheadoptlosthereofvotedinfavorofsaldpropositionsandWHEREASltsdeemednecessaryandtothebesttnerestsorthesltyjthatsaidbondsbenowsoldandlssuedtoprovldethefundsnecessaryforsaidpurposeiNOVTHEREFORETheCttyCounolloftheCItyofNedlnaWashingtonDOORDAINasfollowsICeo1SaleofbOndsnutboXleadThatOrthepuosefp0vldfngndit0acquirepropeintheeneraleaboundedbyE12thgeth80thHgditsprojectionand82ridforpakpurpGsesandomaktngeapltaiimproyeeentstohesameaspvtdelnOrdtnaneeNo153ofthecityadopted3uary20 anaUthorleadbythequalifiedelectorsofheityataspeclaieleottonheldtherelnonMarch101964thecityshallnowlssUeandsellitsgeneralobligationbondslntheaggregateprinCIpalamountOf80000SeCtion2DatetermsandmaturitiesofbondsSaldbondsShallbedatedDecember11965shallbeindenominationsof1000eachshallbearlotcrestatarateofnottoexceed6perannumpayablesemiannuallyonthefirstdaysofJuneandDecemberoresobyearasevidencedbycouponstobeattachedosaldbondsshallbepayableInlawfulmoneyoftheUnltedStatesofAmeriCaattheoffleeoftheCltyTreasurerInMadlosWashingtonandshallbenumberedandmatureinBondNOs91213161720212252829323336374041Zlqq548q95253565760f66566707Z75768oorderortheirnumberasfollowsMaturityDateDecember11967December11968December11969December11970December11971December11972December11973Decemberl197December11975DeCember11976December11977December11978DeCember11979December11980December11981December11982DeCember11983December1198December11985AmountqO00q000000000q000q0000000000004000q000000000q000O005000500050005000Seatlon3RightofprlorredemptionThecltyherebyreserverhrighttourdeemanyoralloftheOutstandingbondsofsaidissueaparIninversenumerloalorderopanyinterestpaymentdateConandaftertenyearsfromdateoflsaeINotlceofansuchlnendededemptonsblelvenbpnepublicationhereofInanewspaperofgeneralclroulattbnwlthtnhedltynotmorethanfortyaftorleeshanhlrtydaysprlortosaldredemptiondateInteres IonanybondorbOndssocalledforredemptionshallceaseonsuchledemptiondateunlesssuchbondorbondsatenotredeemeduponpreevsenrationmadepursuanttosuetcallInadditiontosuchpublicationthecitymayatitsoptionmailnoticeOfsuchintendedredemptionoStandardPoortsCorporlonandMoodytsInvestorsServloeIncNewYorkNewYorkorvohelsuccessorsirtnSeolonQFomorbondsdcouponsUNITEDSTATESOFAPLERICASTATEOFWASHINGTONCITYOFUDINA1000GENEPaLOBLIGATIONPARKBOND1965KNOWALLHENBITHESEPRESENTSxThatheCityorNedInsamunicipalcorporationoftheStateofWashingtonacknowledgesitselfooweandforvaluereceivedherebypromisestopayobeareronthefirstdayofDecember19theprincipalsumofONETHOUSANDDOLLARStogetherwlthlneresthereonatherateofJperarlnumpayablesemiannuallyontheflrstdaysofJuneandDecemberofeachyearuponpresentationandsurrehderoftheatachedtnerescouponsastheyseverallybecomedue7ItBohprintlpalofandInterestonthlsbdndarepayableinlawfuloheyoftheUnletaeslofAmerioahttofflceoftheClayTreasurerlnMedlnaWasblngtonTheeltasreservedtherlhttoredeemanyorallofIoalorderonanylnteretpaymendaeonandafterenyears NottoeofanysuOhintendedredemptionshalZbeKlvenbyonepublicationthereofinnewspaperofgeneralsireulattonwithinthecitynotmorethanfortynorlessthanthirtydayspriortosaidredemptiondateIntereatonanybondorbondssocalledforredemptionshallceasetoaeeruejfomandafterthedatefixedForredemptionunlesssuchbondorbondsarenotredeemedbytheCityuponpresentationmadepursuanttomushcallThisbondlsoneofanissueofgeneralobligationbondsofthecityoflikeamountdateandtenorexoeptastonumbarrateofinterestanddateofmaturityintheaggregateprinCipalamountof80000andisissuedpursuanttovoteofthequalifiedelectorsOfthecltyandOrdinancesNo153fandNoforthepupSsaofprovidingfundsfortheFaequlsltionandimprovementofCityparkfacilitiesasprovidedinsaidordinancesTheCityofMadinshasirrevocablysevenantedbysaidOrdinanceNOthatitwilllevytaxesannuallyuponallthetaxablepropertywithintheairywithoutlimitationastorateoramountandinamountssurfaslanttopaytheprincipalOandintererronsaidbondsasthesameshallbeamedueForthepromptpaymentofsaidprincipalandLinterestthefullfaitheedltandresourcesoftheairyaxherebylrrtvooablypledgedthingsrequtPedtobedoneprecedentrolandintheissuanceOfthlsbondhavehappenedbeendonndperformedandthatthetotalindebdnessofthecityincludingthisbonddoesInotexceedanycnStltuttonalorfstattOrylimitationIMWIT8WRgREOFtheCityorHadInSValhtngtonhasjcausedthisbondtobeslgnedbyitsMayorattestedbyits andtheoffisialsealofthecitytobeimpressedhereonandtheattachedinterestsouponetobeexecutedwiththefacsimilesiknaturesofsaidofficialsthisfirstdayofCITYOPMFaINAWASHINGTONMayorTheinterestcouponstobeattachedtosaidbondsshallbeinsubstantiallythefollowingformz7onheristdayof19theCityofMedinaWashingtonwillpaytobearerattheofficeoftheCityTreasurerinMedlnaWashingtontheamountshownhereonInlawfulmoneyoftheUnlteStatesofAmerieasaidamountbelngthesemiannualinterestduethatdateonitsUnlimitedaxlevygeneralobligationparkbonddatedDeCember11965andnumberedCITYOFMEDINAWASHINGTONByMayortSectionExeoutionofbondsSaidbondsshallbesignedonbihalfofecXtyyitsMayOrattestedbyislerkandshallhavetheofficialsealoftheolyime2sedthereonEachoftheinterestcouponsattcdhereosallesgnedwiththefacsimilesiatesofsaidSection6AppiatonbondpeedmAllmoneysderivedfromthesaleofthebondmauthorizedheenshallbeexpandedsolelyrothe andthisordinanceandnoneofsaidmoneysshallbeusedforthereplacementofequipmentorforanyotherthanacapitalpurposeW1Section7FundforbondpaymentThereIsherebycreatedaSpeCialfundofthecityintheofficeoftheCityTreasurertoVzbeknonasNedIns1965PakBondundThecityherebylrrevobovenant8thtItilZmakeannualleviesoftaxesuponalllthetaxablepopetNlthinthecltNithourlimitationastOrateoramountandinamountssufficienttopaytheprincipalofandinterestonthebondsauthorizedheroinasthesameshallbecomedueThecttfurtherirrevocablyoovenansthatallsuchaxessoeollecedshallbepaldintosuchbondedemptionfundinamountssufficienttopasuchprincipalandlntexeatatleashthirtydayspriorothedatesuponvhlchanysuchlnteresorprincipalandlneesshalZbecomedueandpayableandnopaofsuchundshallbeusedforanyotherpurposethanthepaymentofheprincipalofandinterestonsaidbondsThefullfaithcreditandresourcesofthecityareherebyirrevocablyplededfortheannuallevyandcollectionofsuchtaxesandthepromptpaymentofsuchprnoipalandnterestoijsction8SaleobondsTeCtyClerkIsherebyauthoPIzedanddlPectedtoadvePtisehesebondsforsalelnhenerrequiredbylawanduponthealeofsadbondsthepropercityofficialsaeherebyauthorizedanddirectedtodoeverythlnneeessayfortheprompssuanceanddeliveryofsaidbondsandfOrtheproperuseandapploatlonoftheproceedsofsuchsale3action9CdreferenceAIfseonlrOonsldeedofspecialeffectSection10EffectivedaeTh2ordnaneshallbecomeeffectiveonthe18thdayofOctoberj1965 jASSEDbytheClyCounollonhe11thday1965andsignedinauhenCtoalonoflspassagethesamedIBERNICESODENCISyClerkofheCityofMedinaWashihgtofiiDOREBYCERTIFYthatheforegoingisatrueandcorrectcopyofOrdinanceNoofsaidcitydulyadoptedbytheCityCouncilthereofataregularmeetingheldonthellthdayofOctober1965City