56RESOLUTION NO.56
A RESOLUTION OF THE CITY OF MOSES LAKE,WASHINGTON,AUTHOR
IZING THE ISSUANCE OF $500,000 WORTH OF WATER AND SEWER REVENUE BONDS.
WHEREAS,the City of Moses Lake,and through the City
Council has heretofore authorized the issuance of $500,000 in Water
and Sewer Revenue Bonds,$430,000 to be issued immediately and $70,000
to be issued when needed and,
WHEREAS,the City of Moses Lake is of the opinion that the
additional $70,000 of Water and Sewer Revenue Bonds are needed at
this time, as on the 6th day of June,1950, the City Council accepted
a bid for the construction of water mains in Lakeview Terrace,Unit
No.1, to the City of Moses Lake,Grant County,Washington.
NOW,THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY
C5F MOSES LAKE AS FOLLOWS J
The City Council hereby orders and directs the proper City
Officials to immediately issue $500,000 worth of Water and Sewer
Revenue Bonds as the total amount of authorized Bond issue is needed
at this time,and in the opinion of the City Council,the issuance
of the total Bond issue at one time will minimize the cost; and the
City Attorney is hereby directed to so notify Wm.P. Harper & Son &
Company and the bonding attorneys for the City of Moses Lake,Preston,
Thorgrimson &Horowitz in order that the total Bond issue in the sum
of $500,000 may be issued immediately.
PASSED AND ADOPTED by the City of Moses Lake, this 6th
day of June,1950.
Mayor
Attest: