The Kennewick courier. [volume] (Kennewick, Wash.) 1905-1914, 1912-05-31

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Section So. Neither the holder
nor owner of any bond issued under
the authority of this act shall have
any claim therefor against the city bv
which the same is issued. except from
the special assessment made for the
Improvement for which such bond is
issued. but his remedy in ease of non
payment. shall be confined to the en-
forcement of such assessment. A copy
OF this section shall be plainly written.
printed or engraved on each bond so
issued.
The City of Kennewick. a municipal
corporation of the State of Washing
ton, hereby promises to pay to-,..,-
dollars. lawful
money of the United States. with in
terest thereon at the rate of
per cent per annum, payable annually,
out of the fund established by Ordi-
nance No.-.-..--......---.-- of said city, and
known as Local Improvement Fund
District No.-----.-------------- and not other
wise, both principal and interest pay
able at the office of the City Treasurer
of said city. =
A coupon is hereto attached for each
lnstallment of interest to accrue there
on and said interest shall be paid only
on presentation and surrender of such
coupons to the City Treasurer. but in
case this bond is called for payment
before its maturity, each and every
coupon representing interest not ac
crued at the time this bond is payable
under such call, shall be void. This
bond is payable on or before the.
........-.. day of...,.. ........, ID,
and is subject to call by the City Treas
urer of said city whenever there shall
be sufficient money in said Local I'm
provement Fund to pay the same and
all unpaid bonds of the series of which
this bond is one, which are prior to this
bond in numerical order. Local I'm.
prOvement District No...-, estab-
lished by Ordinance No....--...--., has
caused this bond to be issued in the
name of said city, as the bond Of said
local improvement. The City Council
of said city is the agent of said local
improvement district. This bond or
the proceeds thereof. to be applied in
part payment of so much of the cost
and expense Of the improvement Of
property within said Local Improve
ment District No..--...---, as estab-
lished by said Ordinance No.-..-..-..-...,
as is levied and assessed against the
property included in said local i'm
provement district, and benefited by said
improvement, and the said "Local I'M
provement Fund District No.--,.,-.,.--,.-.-...
has been established by ordinance for
said purpose and the holder or holders
of this bond shall look only to said
fund for the payment of either the
principal or the interest of this bond. -
The call for the payment of this
bond, or Of any bond of the series of
which this is one, shall be made by the
City Treasurer by publishing the same
in the city official newspaper of said
city, and when such call is made for
the payment of this bond, it will be
paid on the day the next interest cou-
pom shall become due after said call,
and upon said day interest upon this
bond shall cease, and any remaining
coupons shall be void.
This bond is one of a series Of.
.....-...... Bonds, ag-
gregating in all the principal sum Of
lars, issued for said local improvement
district, all Of which bonds are subject
to the same terms and conditions as
herein expressed.
In Witness Whereof the City of Ken
newick has caused these presents to be
signed by it's Mayor and attested by
its City Clerk and sealed with its cor
porate seal ................ day
of ........... in the year of our
Lord one thousand nine hundred and
THE CITY OF KENNEWICK.
Mayor.
Attest:
City Clerk.
Coupons, Number and Form. There
shall be attached to each bond such
number of coupons, not exceeding ten,
as shall be required to represent the
interest thereon, payable annually, for
the term of said bonds, which coupons
shall be in substantially the following
form:
NO..-.....-..-...
On Gay O1--------
.......-....., d., the City of
Kennewick, Washington, promises to
pay to the bearer at the Office of the
City Treasurer,
dollars, being one years interest due
that day on Bond No.....,.-....----.. of the
bonds of Local Improvement Fund
District NO.....-- and not other
wise; provided, that this coupon is
subject to all the terms and conditions
contained in the bond to which it is
annexed.
THE CITY OF KENNEWICK.
Mayor.
City Clerk
Section IA. Bond Registry. The City
Clerk shall keep in his Office a register
of all such bonds issued He shall en-
ter therein the local improvement fund
district number for which the same are
issued and the date, amount and num-
Der of each bond and the term of pay
ment.
Section Is. Delinquent Assessments;
How Collected. All assessments or in
stallments thereof becoming delinquent
shall be collected by the City Treas
urer pursuant to this ordinance. All
assessments or installments thereof
which shall become delinquent here
after shall be by the clerk Of the City
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