The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1937-12-30
COMMISSIONERS

OF Reminding Bonds and on tn
Re-Assessment Roll Therefor an,
on the Levying Of such Assess
ment.
In the Matter of Drainage I'm
provement District No. 10 of Ben
ton County. .... ..
Notice is hereby given that on De.
cember 18th, 1897, the Board O,
Commissioners of Benton COUNTY
passed resolution on the above en-.
titled matter as follows. to-wit:
"It appears that the holders OF
the old construction bonds will con.
summate refinancing of the above
entitled Drainage Improvement Dis.
trict No. 10 Of Benton County on
the basis of the revised refundine
assessment roll, as heretofore adopt
ed, with credits for payments made
same having total of LIB, less
such credits, provided the assess
ment period be reduced to ten years,
and will waive interest thereon to
January LIST, 1898; and that the en-
tire outstanding construction bond
issue can be exchanged and retired
for said refunding issue. reserving
enough also of said refunding bonds
and cash on hand to cover the costs
and expenses of refunding; and that
for the retirement and refunding
thereof, including said expenses, it
is necessary and advisable and for
the best interests of the landowners
of the district that the refunding
assessment Of the above total
amount be relieved against the
lands of said district, modified so
as to be payable in ten years as
herein set forth. The said refund
ing bonds will bear interest at 4
percent per annum payable semi
on July LIST and January
LIST. beginning July LIST, 1898, and be-
ing p ayable at any coupon paying
date on or before maturity and all
fall due on or before January LIST.
1919.
1T further appears that the re-
funding assessment roll as hereto
fore adopted on July oath 1896, with
credits for payments made is on file
with the Clerk of this Board and
open to inspection of all persons in
terested.
WHEREAS in the judgment of |
the Board of County Commissioners
no sale of such refunding bonds can
be made on more advantageous terms
han the aforesaid exchange of the
Did bonds for the said issue of re-
.unding bonds:
1T is Now, Therefore, RESOLVED.
hat refunding bonds of the said dis
srlct in the amount of $4,000 or
'uch lesser amount as may be re.
luired after deducting any advance
payments by landowners, be issued|
nd delivered to the Bondholders,
committee of said district in ex- /
mango for all of the outstanding
'onds, reserving from said refund-
ng issue enough of the first num-
'ered bonds to pay the refundine
expenses. Said bonds to be Accord
ng 10 the following schedule, to-wit:
AID bonds shall be of denomina-
ION OF $4,000 each, shall bear date
January LIST, 1888, and shall be-
ONE due on or before January LIST.
S4s; and that the outstanding |
onds and the cost of refundine be
etlred by exchanging same for said ]
efunding issue.
1t Is further Resolved that the
ssessment heretofore levied against {
ne lands and property of said dis
net be modified and relieved toll
Import said refunding bonds, in the
'tal amount of $9,68O.35, less credits ,
Or any installments paid, as set
,rth in the said re-assessment roll Z
Mich is on file with the Clerk of Y
lis Board. One installment of said
ssessment on the twenty-year plan
as already fallen due in the wear e
~. The remainder of said assess
'ent without interest to January ]
It, 1898. shall become due in nine A
lual annual installments Of which E
ae first one falls due In the wear {