HomeMy WebLinkAbout0283 ResolutionRESOLUTION NO. 283
WHEREAS, the City Council of the City of Pasco, Washington, deem
it advisable that the City of Pasco make additions and betterments and
extensions to the City water system at an estimated cost of $200,000 and
deem it advisable to issue Water Revenue Bonds payable from the revenues
of the water system without incurring any general indebtedness of the
said City of Pasco, and,
WHEREAS, it will be necessary to offer the said Water Revenue
Bonds to bond dealers and the City Council deem it advisable to employ
the firm of Graves, Kizer & Graves of Spokane, Washington as special
counsel to prepare the necessary proceedings covering the issuance and
sale of such bonds so that the issuance may be authorized acid the bonds
offered, prepared and delivered on or before January 1, 1948, and,
WHEREAS, the said council considers that the sum of three thousand
six hundred dollars ($3,600) is a reasonable fee for such services,
NOW THEREFORE, be it resolved that the City of Pasco employ the
firm of Graves, Kizer & Graves of Spokane, Washington as special counsel
to prepare proceedings for the issuance, advertisement and sale of an
issue of Water Revenue Bonds of the City of Pasco, Washington in the
principal amount of $200,000, to be paid on or before February 1, 1948.
Passed by the Council this 18th day of November, 1947.
ATTEST:
City Clerk
APPROVED AS TO FORM•
FA 7j
C' torney