The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1921-02-17

cordance with the laws, the chartar
and general ordinances of the City of
Kennewick be assessed to and levied
upon all of the lots, tracts, parcels of
land, and other property included with
i'm the Improvement district hereinbe-
fore created.
Section 6. Payment for the inn
provement herein ordered shall be
made by the PAYMENT BY BONDS
PLAN in the manner provided for by
Ordinance No. LA of the City of Ken
newick. *
Section z. For the purpose of pro-
viding for the payments of the cost
and expenses of Esaid improvement
there shall be issued Improvement
bonds to be styled local Improve
ment Bonds District No. 20" payable
on or before five years from the
date of issuance thereof and bearing
interest at rate not greater than 6
per cent per annum, payable annually
as provided by law and the ordinance
of the City of Kennewick, and said
bonds shall be redeemed only out of
Local Improvement fund herein Great
ed. In case said improvement is made
by contract, said bonds shall be deliv-
cred to the contractor in payment of
the contract price or the City of Ken
newick may at its option sell said
bonds and make payment in cash. The
Local Improvement Bonds herein pro-
vided for may be sold by the Public
Improvement Committee of the City
Council of the City of Kennewick, or
the City Treasurer at public or private
sale at not less than their par value
and ACQUIRED interest. In such event,
the proceeds of the sale shall be APP
piled in payment CT the cost and ex-
rense OF said Improvement. The said
Public improvement Committee may
incur a reasonable expense for adver-
Using in connection with the sale or
attempted sale of said tonds. IF said
bends be sod at public sale, notices
thereof shall be published in the Ken
newick Courier-Reporter in two sue
cessive issues next preceding the date
of sale, which notice shall specify the
time and place of such sale. Said
bonds shall be of the denomination of
$4,000 each except that one bond may
be of such sum less than $4,000 as
may be necessary to make the issue
correspond with the total amount of
the cost and expenses to be paid there
by.
Section s. The said public Improve
ment Committee is hereby directed to
advertise for bids for making said i'm
preserving to the City of
Kennewick the right to reject any and
all bids and do the work under its own
In case satisfactory
bid is received and accepted, the con-
tract for said improvement shall pro-
vide that the same shall be completed
in all things in accordance with the |
plans and specifications of said i'm
and shall also provide that |
the contractor making the same shall |
accept the bonds herein provided for
at par and accrued interest in payment |
Of the contract price for said work.
TO the extent of such bonds issued if
bid is received, said i'm
shall be made by the City
oy day labor unless otherwise ordered
oy the City Council and payment
therefor shall be made by the issu-
ance of Local Improvement warrants
% be issued and redemption by the
sale of said bonds as provided herein
md by general ordinance.
Section 9. This ordinance shall take
effect and be in force from and after
i've days from its passage, approval
md publication in the official news
PAPER in the City of Kennewick.
Passed by the City Council of the II
Jity of Kennewick, this 18th day OF
February, 1921.
Approved this 18th day Of February,
921.
H. w. DESGRANGES,
Attest: C. STASER, Clerk.