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ORDINANCE NO. B-2185
AN ORDINANCE fixing the time of delinquency of installments of assessments
levied for the payment of the cost of the improvement in Loc-
al I provement District No. 857, and providing for the issu-
ance of bonds with coupons attached for the payment of the un
paid portion thereof.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. That there is unpaid the sum of $10,550.59 for
the improvement made in Local Improvement District No. 857 as created
and established by Ordinance No. B-2066 of the Ordinances of the City of
Yakima, which shall be paid in 10 equal annual installments, the first
installment to be i paid on or before the 5th day of July, 1959, with in-
terest on the whole unpaid sum at the rate of 4 per cent per annuM, and
each year thereafter one of such installments together with interest
thereon and on the installments thereafter to become due at the rate of
4 per cent per annum shall be due and payable on or before the 5th day
of July in each year, and shall be collected in the same manner as is pro-
vided by law and the Ordinances of the said City.
Section 2. If any of the said installments of principal or
interest are not paid on or before the 5th day of July of each year in
which the same shall be payable, as provided in Section 1 hereof, the same
shall thereupon become and be delinquent and shall be collected as pro-
vided by the laws of the State of Washington and the Ordinances of the
City of Yakima, and said delinquent assessments shall bear interest at the
rate of 4 per cent per annum until paid and be subject to a charge of 5
per cent penalty upon both principal and interest due thereon.
Section 3. For the payment of the unpaid balance of the cost
and expense of said improvement in said Local Improvement District No.
857, there shall be issued bonds of the District in the sum of 8 10,550.59
said issue to consist of 21 bonds in the denomination of $ 500.00 each
and one bond of the denomination of 5 50.59 to be numbered from one up-
wards consecutively, and shall bear interest at the rate of 4 per cent per
annum, payable annua]ly on the 26th day of July each year, the several
installments of interest to be evidenced by coupons attached to said bonds
and both principal and interest shall be payable at the office of theCity
Treasurer in the )City of Yakima, Washington.
Section 4. The bonds provided for herin shall be substan-
tially in the form prescribed by Section 18 of Ordinance No. A-192 as
amended of the Ordinances of the City of Yakima, Washington. They shall be
issued under date of July 26, 1958, and approximately 1/10th'of said bond
issue shall be Rayable on or before the 26th day of July of each year there-
after, to and including the 26th day of July, 1970.
Section 5. This Ordinance is one relating to local improve-
nts or assessments therefor and shall become effective immediately upon
its passage, approval and publication as provided by City Charter,
PASSED BY THE CITY COMMISSION, signed and approved this 9th
day of July, 1958.
ATTEST: J.A. SMIH S EAL) JOE K. ALDERSON
Oity MAYER
I hereby certify that the foregoing is a true, full and complete
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copy of Ordinance No. 8-2185 entitled "AN ORDINANCE fixing the time of
delinquency of installments of assessments levied for the payment of the,
cost of the improvement in Local Improvement District No. 857, and pro-
viding for the issuance of bonds 'with coupons attached for the payment of the
unpaid portion thereof." as passed on the 9th day of July, 1958, and that
the same has been published as required by law.
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00000 CLERK