151RESOLUTION NO./5~I
A RESOLUTION of the Council of the City of Moses Lake,
Washington,retaining counsel for certain services
in connection v/ith the issuance and sale of two
issues of general obligation bonds of the city.
JREAS,the City of Moses Lake is contemplating the
rebuilding of the Alder Street causeway across Parker Horn and
the building of two new causeways, one also across Parker Horn
and the other across Pelican Horn, all of said causeways being
within the boundaries of the city;and
WHEREAS,in order to provide funds to pay the cost of
such causeways and all necessary facilities therefor, the city
is contemplating the issuance and sale of its unlimited tax levy
general obligation bonds in the following sums for the followin
•rposes:
Alder Street causeway across Parker Horn,$200/'
New causeways across Parker Horn and Pelican Horn,500,000;
and
WHEREAS,the Constitution and laws of the State of Washington
require that the questions of whether or not said bonds may be issued
for such purposes must be submitted to the qualified electors of the
city for their ratification or rejection;and
WHEREAS,it is deemed necessary and advisable that municipal
bond counsel skilled in such matters be retained to draw the ordinances,
resolutions,notices and other documents necessary for said election
and the issuance and sale of said bonds,and to give their opinion as
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to the validity of said bonds at the time of their sale;
NOW,THEREFORE,EE IT RESOLVED by the Council of the City
of Moses Lake,Washington,as follows:
That Preston,Thorgrimson &Horowitz,attorneys at law of
Seattle,Washington,be and they hereby are retained to perform the
services above set forth, and as compensation therefor the city
agrees to pay them as follows:
(a)For drawing all proceedings required for the
election on said two bond propositions,DO
(b)For proceedings for sale of bonds
(1)If all of said bonds are authorized by
the voters,and combined and sold in
one issue,$350
(2)For Alder Street causeway bonds,200
(3)For new causeway bonds,250
(c)For opinions as to validity of said bonds
(1)If said bonds are combined in one issue
and one opinion is delivered,750
(2)On Alder Street causeway bonds,275
(3)On new causeway bonds,550
(d)For all out-of-pocket expenses,such as long
distance telephone calls,which may be incurred
in the performance of said services.
In addition to the above, the city agrees to furnish said
counsel at their office in Seattle, Washington,with a complete certi
fied transcript of all proceedings taken in the matter of the issuance
of said bonds.
PASSED by the Council of the City of Moses Lake,Washington,
and approved by its Mayor at a regular meeting of said Council held
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this 26th day of March, 1957.
CITY OF MOSES LAKE,WASHINGTON
By ,,,$%&?frirff ^^f^^ayor
^City Cle:
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