HomeMy WebLinkAbout1425ORDINANCE NO. 17�
AN ORDINANCE authorizing the issuance of interest bearing
warrants in lieu of bonds against Local Improvement Dis-
trict No. 177 in the amount of 019,133.15, and fixing
the interest rate thereon.
WHEREAS, the Firemen's Pension Fund of the City of Part
Angeles is interested in purchasing interest bearing warrants of
the City of Port Angeles issued against Local Improvement District
I
i No. 177 in lieu of bonds; and
WHEREAS, there is available for issuance against said Dis-
trict in the form of interest bearing warrants the sum of
$19,133.15 and bearing interest at the rate of 420 per annum;
now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT
ANGELES, as follows:
Section 1. That there be issued against Local Improvement
District No. 177 warrants totalling the sum of 1;19,133.15, and
being numbered 4 to 194, inclusive, and each bearing interest at
the rate of 420 per annum, and made payable to the Firemen's Pen -
li
sion Fund.
Section 2. That each warrant shall be in the sum of
$100.00, except Warrant No. 4 which shall be in the sum of $133.15.
Section 3. Said warrants shall all be dated November 12,
'1958.
Section 4. That said warrants shall be payable from the
funds as established in said Local Improvement District and shall
jbe particularly covered by the statutes and the Local Improvement
Guaranty Fund and retained in the proper Department of such Fire -
men's Pension Fund in accordance with the statutes of the State of
Washington and the ordinances of the City 'of Port Angeles.
Section 5. This ordinance shall be in full force and effect
five days after its passage, approval and publication provided by
law.
PASSED by the City Council of the City of Port Angeles,
Washington and approved by its Mayor at a regular meeting of the
Council held on the 6th day of November, 1956.
ATTEST:
City Clerk
APPROVED AS TO FORM:
PUBLISHED: