HomeMy WebLinkAbout1954-B-1630 ORDINANCE NO. B -1630
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.
and providing for the issuance of bonds with coupons attached for the pay-
ment of the unpaid portion thereof. •
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1.- That there is unpaid the Sum of $11,226.21 for the improvement
made in Local Improvement District No. 773 as created and established by Ordinance No.
B -1570 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 18th day of November,
1955, 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 in-
stallments thereafter to become due at the rate of 4 per cent per annum shall be due and
payable on or before the by November in said shall collected in the
same manner as is-provided y law and
Section 2. If any of the said installments of principal or interest are not
paid on or before the 18th day of November 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 ordin-
rtes of the City of delinquent bear
interest at the penalty
rate annum until
te of 4 per cent per annum
both principal and interest due thereon.
Section 3. For the payment of the unpaid of the cost and expense of
said improvement in said Local Improvement District No. 773, there shall be issued bonds
-of the District in the sum of $11,226.21, said issue to consist of 22 bonds in the de-
nomination of $500.00 each and one bond of the denomination of $226.21 to be numbered
from•one upwards consecutively, and shall bear interest at the rate of 4 per cent per
annum, payable annually on the 9th day of December each year, the several installments of
interest to be evidenced
office coupons
the attached
Treasurer innthe and
City of Yakima PaWashi interes
ngton
shall be payable at the
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 under date of December 9th, 1954, and
approximately 1 /10th of bond
to issue shall of Decemberhel966,day of Dec-
ember .of each year thereafter,
Section 5. This ordinance is one relating to local - improvements or assess -
ments 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 13th day of December
195
ATTEST: PEARL BENJAMIN (S E A L) G. W.-BURNS
City Clerk Mayor
I hereby certify that the foregoing is a full, true and correct-copy of Ordinance
No. 8-1630 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. 773, and providing for the issuance of bonds with coupons.attached for the
payment of the unpaid portion thereof." as passed -on the 13th day of December, 1954 and
that has been published by law.
O
4 d sdiv � r '
C ITY /C LERK