533_00001ORDINANCE No.533
AN ORDINANCE AMENDING SECTION 14 OF ORDINANCE
No.532 BY ESTABLISHING THE PROPER FUND FOR THE
DEPOSIT OF REVENUEBOND SALE PROCEEDS
THE CITY COUNCIL OF THE CITY OF MOSES LAKE,WASHINGTON,DO
ORDAIN AS FOLLOWS:
Section 1.Section 14 of Ordinance No.532 is hereby amended
to read as follows:
"Section 14.Marshall &Meyer,Incorporated,of
Seattle,Washington,heretofore offered to purchase the bonds
at a price of $99.00 per each $100.00 par value thereof,plus
accrued interest from date of issuance to the date of delivery
of the Bonds,the City to furnish the printed Bonds and the
unqualified approving legal opinion of Messrs.Roberts,
Shefelman,Lawrence,Gay &Moch,municipal bond counsel
of Seattle,Washington,at the City's expense.The City
Council being of the opinion that no better price could be
obtained for the Bonds and that it was in the best interest of
the City to accept such offer duly accepted the same on June8,1965,and such acceptance is hereby ratified and confirmed.
The Bonds,shall,therefore,immediately upon their exe-I cution be delivered to the purchaser upon payment for the
Bonds in accordance with such offer.The accrued interest
received shall be deposited in the Bond Fund and the princi-
pal amount received from the sale of the Bonds shall be
deposited in the 1965 water and sewer Bond Construct
Fund of the City."
Section 2 .This Ordinance is declared to be one necessary
for the immediate preservation of the public peace,property,health and
safety of the people of the City of Moses Lake,Washington.An emergency
is hereby declared to exist and this ordinance is hereby declared to be in full
force and effect from and after its passage,approval and publication as
provided by law.
PASSED by the City Council of the City of Moses Lake,Washington,and
APPROVED by its Mayor this 27th day of July,1965.
ATTEST:r:a
City Clerk
APPROVED AS TO FORM:
-ity Attorney