The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1921-03-17
ORDINANCE NO. 222

Il
Kennewick, Washington, in the sum
of 100000 for the purpose of pay
| ing the cost of constructing a bridge
on Second Street in the said City of
Kennewick over and across the irriga-
ton canal of the Columbia Irrigation
District, prescribing the form of said
bonds, and providing for the levy as
sessments and collection of an annual
assessment upon all of the taxable
property of said city for the purpose
of creating fund to pay the interest
accruing upon said bonds and to dis
charge the principle of said bonds at
maturity.
WHEREAS, the City Council of the
City of Kennewick provided by Ordi-
| nance No. 21S for the said City to bor-
row $5,OOO.O0 for the purpose of join
| ing with Benton County, Washing
ton, in the construction of a bridge on
Second Street in the said City over
and across the irrigation canal of the
Columbia Irrigation District and for
the, issuance of negotiable coupon
bonds of said city in said amount, said
bonds to be known and designated as
"Second Street Bridge Bonds; and
WHEREAS, at a special election
held on the 5th day of February, 1921,
i'm the manner provided by law, the
qualified electors of the said city rat
flied said ordinance by three-fifths
vote of all electors voting at said cleo
ton, the results of which election hav-
ing been heretofore declared by Ordi-
nance No. 219; and
WHEREAS, the Board of County
Commissioners of Benton County,
Washington, have awarded the con.
tract for the construction of Bald
bridge to the Union Bridge Company
of Seattle, Washington, which con-
tract has been approved and con-
firmed by the City Council of the City
of Kennewick; and
WHEREAS, in said contract the
said Union Bridge Company has
agreed to accept said bonds at par val
ne in payment of one-half of the cost
of constructing said bridge.
NOW THEREFOR, The City Coun-
ell of the City of Kennewick, do or
dain as follows:
Section 1. That pursuant to the
provisions of the Ordinance No. 218
as ratified by the special election OF
qualified electors of the City of Ken
newick on the 9Th day OF February,
1921, there shall be and are hereby
authorized, ordered, and directed to
be issued, executed and delivered, ne.
gotiable coupon bonds of the City OF
Kennewick, Washington in the sum of
S., 100000, which bonds shall be known
and designated as "Second Street
Bridge Bonds" which bonds shall be
issued in the denomination of $4,000
each, numbered one to fifty, inclusive,
and shall be signed by the Mayor,
countersigned by the City Treasurer,
and attested by the City Clerk under
the seal of said City. Said bonds shall
be payable twenty years after date,
with the option on the part of the
City of Kennewick to redeem the same
after the expiration of ten years from
the date thereof or at any interest
paying date thereafter prior to twen-
| ty years and shall bear interest at the
rate of six per cent per annum, pay
able semi-annually on the first day of
October and the first day of April, and
interest coupons shall be attached to
said bonds for each installment of in
terest and both principle and interest
to be payable at the office of the
| City Treasurer of the City of Ken
newick.
| Section 2. That each of said bonds
and each of the interest coupons to be
thereto attached shall be in substan-
| TALLY the following form:
UNITED STATES OF AMERICA
/ STATE OF WASHINGTON
COUNTY OF BENTON
CITY OF KENNEWICK
L cTCnNn DDTnrE DnNn
No. $4,000
KNOW ALL MEN BY THESE
PRESENTS, that the City of Kenne
wick in the County of Benton, State
of Washington, acknowledges its in.
.debtedness, and for value received
hereby promises to pay to the bearer
hereof, the principal sum of ONE
HUNDRED DOLLARS on April lst
1871, together with interest Thereon
from the date hereof until paid at tins
rate of go per annum payable semi
annually on the first days of Octopel
and April, respectively, in each year
which interest to date of maturity O
the principal sum hereof is evidenced
by and payable upon presentation an.
surrender of the annexed 1nteres
coupons hereto attached as they sew
orally become due, both the prlnclPaS
and interest of this bond are payapi'
in lawful money of the United Sta!e.
of America at the office OF the Cl5.
Treasurer of the City of KenneWlck
Washington. -, r;+,
This bond is issued by the sald Gl.:
Of Kennewick for the purpose OF Dor
rowing money with which to pay one
half of the cost of constructing ga.
bridge on Second Street in SAID I'll. Gn.;
over and across the irrigation cana
of the Columbia Irrigation Dlstrlct
pursuant to Ordinance No. 2lS, OF san
city as ratified by the vote OF Tn.
duly qualified electors OF sald Glt!
present and voting at special eiec
ton called and held in said cit city OF
the 5th day of February, lsz LEA a
which election more than tnree-IiItn
of the legal ballots cast were In faVo,
of the issuance of this bond; and !!
authorized by and issued in full con
formity with the Constitution AM
Laws of the State of Washington, ant
narticu1ar1v Chanter 1913 enacted BY