HomeMy WebLinkAbout11-13-1953 MinutesPASCO, WASHINGTON
CALL TO ORDER:
Meeting called to order at 8:00 P. M.
ROLL CALL:
Honorable 'Mayor Harry V. Custer presiding.
By Clerk. Councilmen present were J. A. Avery, C. R. Combs, Lee J. Craig, C. S.
Milne and T. R. VanHoy. Absent were L. E. Bonnett and S. A. Connell. City Attor-
ney Richard G. Patrick was present.
Special meeting callid to give Ordinance No. 77.4 the first and sedond reading.
ORDINANCE NO. 774:
AN ORDINANCE AMENDING ORDINANCE NO.. 768 TO
CHANGE THE DESIGNATION OF THE BONDS AUTHORIZED
THEREIN FROM "WATER AND SEWER REVENUE BONDS,
1953" TO „WATER AND SEWER REVENUE BONDS, 1954",
AND TO SIMILARLY CHANGE THE DESIGNATION OF THE BOND
REDEMPTION FUND CREATED THEREIN AND AMENDING THE
PROVISION RELATING TO THE ISSUANCE OF ADDITIONAL
PARITY BONDS; PROVIDING FOR THE ISSUANCE OF
$800,000.00 PAR VALUE OF "WATER AND SEWER REV-
ENUE BONDS, 1954" FOR THE.PURPOSE OF OBTAINING
FUNDS REQUIRED TO PAY A PORTION OF THE COST OF
THE SYSTEM OR PLAN OF ADDITIONS TO AND BETTER-
MENTS AND EXTENSIONS OF THE SEWERAGE SYSTEM OF
THE CITY.OF PASCO, WHICH HAS BECOME A PART OF THE
WATERWORKS UTILITY OF THE CITY, AND OF ADDITIONS
TO AND BETTERMENTS AND EXTENSIONS OF THE WATER-
WORKS SYSTEM OF THE CITY, AS ADOPTED IN ORDINANCE
NO. 768; FIXING THE DATE, FORM, MATURITIES, MAX-
IMUM INTEREST RATE, COVENANTS AND TERMS OF SAID
BONDS; AND RROVIDING FOR THE CALLING OF BIDS FOR
THE SALE THEREOF
Motion made by Avery, seconded by Combs to give Ordinance No. 774 the first
reading. Motion carried. Ordinance No. 774 was read. Motion made by Avery,
seconded by Milne that Ordinance No. 774 has been given the first reading.
Motion carried. Motion made by Avery, seconded by Combs to give Ordinance
No. 774 the second reading by title only. Motion carried. Ordinance No. 774
was read by title. Motion made by Avery, seconded by Milne that Ordinance No.
774 has been given the second reading by title. Motion carried.
ADJOURNMENT:
Motion made by Avery, seconded by Combs to adjourn. Motion carried.
_ arry Custer, ayor
ATTEST:
City Clerk
PASSED AND APPROVED THIS DAY OF XIU� ► , 1953 •