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is, City Clerk Eve
ORDINANCE NO. 2278
AN ORDINANCE providing for the issuance of Local Improvement District
No. 113 warrants, setting the rate of interest for said
Interest bearing warrants, and naming Peoples National
Bank as the lending institution.
WHEREAS, Ordinance No. 2250 established Local Improvement
District No. 113; and
WHEREAS,
13Peoples National Bank has agreed to purchase these % warrants for interest; and
WHEREAS, the City Council has now determined that the issuance
of interest bearing warrants to Peoples National Bank for the construction
payments on L.I.D. No. 113 is in the best interest of the City of Pasco;
NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DOES ORDAIN AS FOLLOWS:
Section 1. Pursuant to Chapter 165 of the Laws of 1961 of the
State of Washington, there shall be issued local improvement district
warrants, known as revenue warrants, to be dated as funds are required
to pay construction costs for Local Improvement District No. 113.
Section 2. The revenue warrants shall bear interest at the rate
of 13% per annum.
Section 3. The Local Improvement District No. 113 revenue warrants
shall be issued to Peoples National Bank at the rate of interest specified
herein.
Section 4. The Local Improvement District No. 113 revenue warrants
shall be redeemed upon the sale of bonds.
Section 5. This ordinance shall be in full force and effect after
its passage and publication as required by law.
6 PASSED by the City Council of the City of Pasco this day of
owe. Air lEatig
• i.er, Mayor
APPROVED AS TO FORM:
7
Dennis J. De Felice
Acting City Attorney
•t
July , 1981.
r
Ordinance No 2278
n An ordinance providing
, for the issuance of Local
Improvement District No
113 warrants, setting the
rate of interest for said in-
terest bearing warrants,
and naming Peoples Nation-
al Bank as the lending
Institution
Whereas, Ordinance No
2250 established Local Im-
provement District No 113,
and
Whereas, Peoples National
Bank has agreed to pur-
chase these warrants for
13% interest, and
Whereas, the City Council
has now determined that
the issuance of interest
bearing warrants to Peoples
National Bank for the con-
struction payments on L I D
No 113 Is 11 the best inter-
est of the City of Pasco,
now, therefore,
The City Council of the
City of Pucci does ordain
as follows
Section 1 Pursuant to
Chapter 165 of the Laws of
1961 of the State of Wash-
ington, there shall be issued
local Improvement district
warrants, known as revenue
warrants, to be dated as
funds are required to pay
construction costs for Local
Improvement District No
113
Section 2 The Revenue
warrants shall bear Interest
at the rate of 13% per
annum
Section 3 The Local Im-
provement District No 113
revenue warrants shall be
issued to Peoples National
Bank at the rate of interest
specified herein
Sedion 4 The Local Im-
provement District No 113 revolue warrants shall be
rot trine th9 sale at
'1.)3
Scctlei. 5 'This brdinbnce
I.- shall be /tn 'full force end I
16 effect after ts passage and 1
Publication as required by
law
Passed by the City Coun-
cil of the City of Pasco this
6 day of July, 1981
-s E A Snider,
Mayor
Attest
• Evelyn Wells,
City Clerk
Approved as to Form °
-s- Dennis J De Felice
Acting City Attorney
Legal No 11007 — July 10,
1981 r-
AFFIDAVIT OF PUBLICATION
COUNTY OF
Franklin
)ss
STATE OF WASHINGTON
Phyllis Graves , being first duly sworn on oath deposes
she Principal Clerk and says is the of the Tr-City Herald,
a daily newspaper That said newspaper is a legal newspaper and has been approved as a
legal newspaper by order of the superior court in the county in which it is published and
it is now and has been for more than six months prior to the date of the publication
hereinafter referred to, published in the English language continually as a daily news-
Franklin paper in County,
Washington, and is now and during all of said time was printed in an office maintained
at the aforesaid place of publication of said newspaper That the annexed is a true
copy of a legal advertiselnent
Ord. # 2278
as It was printed in the regular and entire issue of the Tr-City Herald itself and not in a
supplement thereof, for a period of
one time clitErklitrZORIets, commencing
on the 10th day of July , 1 9 81 , and
ending on the day of , 19 , and that said
newspaper was regularly distributed to its subscribers during all of this period
That the full amount of $ 3 9. 00 has been paid in full, also at the rate of
61,-- in.@ 6.00 = 39.00
10th July
Subscribed and sworn to before me this day of , 81 19
d
Notary Public in and for the State of Washington, residing at Pasco
1.INANCE l'AR IIMEN I
(509) itS 3401
Scan 726-3401
CITY
of
•
01.
P 0 BOX 293 412 WEST CLARK PASCO, WASHINGTON 99301
July 7, 1981
Tri City Herald
P 0 Box 2608
Pasco, Washington 99302
Gentlemen
Please publish the attached Ordinances on the following
date
July 10, 1981
Please send two (2) Affidavits of Publication for each
Sincerely yours,
Evelyn Wells
City Clerk
ew