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ORDINANCE NO. B -1461
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. 730, and providing for the issuance of bonds with coupons attached for
the payment of the unpaid portion thereof.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. That there is unpaid the sum of $1,835 for the improvement:
made in Local Improvement District No.. 730•, as created and established by Ordinance No.
B -1319 of the Ordinances of the City of Yakima, which shall be paid in 10 equal annual
installments, the first installment to be paid on or before the 30th day of April, 1954,
with interest 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 30th day of April in each year, and shall be collected in the same
manner as is provided 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 3Jth day of April of each year in which the same shall be pay-
able, as provided in Section 1 hereof, the same shall thereupon become and be delinquent
and shall be collected as provided by the laws of the State of Washington and the
ordinances of the City of Yakima, and saiddelingv_ent 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. 730, there shall be issued bonds .
of the District in the sum of $1,835.06, said issue to consist of 18 bonds in the
denomination of 100.00 each and one bond of the denomination of $35.06 to be numbered
from one upwards consecutively, and shall bear interest at the rate of 4 per cent per
annum, payable annually on the 20th day of May each year the several installments of
interest to be evidenced by coupons attached to said bonds and both principal and inter-
est shall be payable at the office of the City Treasurer in the City of Yakima,
Washington.
Section 4. The bonds provided for herein shall be substantially 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 underthte of May 20th, 1953., and approxi-
mately 1 /10th of said bond issue shall be payable on or before the 20th day of May of
each year thereafter, to and including the 20th day of May, 1965.
Section 5. This ordinance is one relating to local improvements 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 25th day of
May, 1953.
ATTEST: PEARL BENJAMIN (SEAL) G . W. BURNS
City Clerk Mayor
I hereby certify that the foregoing is full, true and correct copy of
Ordinance No.. B -1461 entitled "AN ORDINANCE fixing the time of delinquency of install-
ments of assessments levied for the payment of the cost of the improvement in Local
Improvement District No.. 730, and providing for the issuance of bonds: with coupons:
attached for the payment of the unpaid portion thereof.w, as passed this 25th day of
May, 1953, and that same has been published as required by law.
C I T Y C L E R K �