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156)S6 RESOLUTION NO.', A RESOLUTION of the City of Moses Lake,Washington, providing the date,form and terms of bonds of Local Improvement District No.6 in the principal sum of $356,193.49. WHEREAS,the improvements provided by Ordinance No.304, passed and approved June 26,1956,to be constructed in Local Im provement District No.6 of the City of Moses Lake have been completed;and WHEREAS, the assessment roll in said district has been confirmed by Ordinance No.328 passed and approved March 4,1957 in the total amount of $370,905.96,of which $14,712.47 was paid during the 30-day period permitted by law for the payment of as sessments without penalty or interest;and WHEREAS,it will be necessary for the City to now issue bonds of said Local Improvement District in the principal sum of $356,193.49 as authorized by said Ordinance No.304 and to deliver said bonds,together with monies now In the Local Improvement District No.6 Fund to the holder or holders of the outstanding Local Improvement District No.6 warrants in exchange therefor; NOW,THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF MOSES LAKE,WASHINGTON,AS FOLLOWS: Section 1.That in order to redeem the outstanding warrants which have been drawn upon the Local Improvement District No. 6 Fund of the City and issued for the payment of the cost of improvements in said Local Improvement District,the City shall now issue bonds of such Local Improvement District in the principal sum of $356,193.49. Said bonds shall be dated April 25,1957,shall be in denominations of $1,000 each except bond No.1 which shall be in the denomination of $1,193.49,shall be numbered from 1 to 356 inclusive,shall bear interest at the rate of 4.20$per annum, payable annually on the 25th day of April of each year and shall mature April 25,1969. All of said bonds shall be payable in lawful money of the United States of America at the office of the City Treasurer in Moses Lake,Washington. Said bonds shall be redeemable at par in numerical order on any interest payment date whenever there shall be sufficient money in the Local Improvement District No.6 Fund to pay the same and all unpaid bonds of this Local Improvement District which are prior in number to the last bond to be redeemed over and above an amount sufficient for the payment of interest next accruing on all the unpaid bonds of this Local Improvement District.Notice of such intended redemption shall be given by one publication thereof in the official city newspaper not more than 20 nor less than 10 days prior to such redemption date. Section 2.Said bonds shall be in substantially the following form: UNITED STATES OF AMERICA NO.$1,000 ($1193.49) STATE OF WASHINGTON CITY :0F MOSES LAKE LOCAL IMPROVEMENT DISTRICT NO.6 N.B.Neither the holder nor the owner of any bond or warrant issued under the provisions of this Act shall have any claim therefor against the City or town by which the same is issued, except for the payment from the special assessments made for the improvement for which said bond or warrant was issued,and except as against the Local Improvement Guaranty Fund of such city or town,and the city or town shall not be liable to any holder or owner of such bond or warrant for any loss to the Guaranty Fund occurring in the lawful operation thereof by the city or town.The remedy of the holder or owner of a bond or warrant in case of nonpayment,shall be confined to the enforcement of the assessment and to the Guaranty Fund. The City of Moses Lake,a municipal corporation of the State of Washington,hereby promises to pay to bearer the sum of ONE THOUSAND DOLLARS ($1193.49)in lawful money of the United States of America,with interest thereon from the date hereof at the rate of 4.20$ 2. per annum,payable annually upon presentation and surrender to the City Treasurer of this bond and the annexed interest coupons as they severally become due. This bond,both principal and Interest,is payable out of Local Improvement District No.6 Fund created by Ordinance No. 304 of the City and from the Local Improvement Guaranty Fund of the City created by Chapter 209,Session Laws 1927. Thjs bond is one of an issue aggregating in all the principal sum of $356,193.49 and is payable on or before April 25,1969,and is subject to call by the Treasurer of said City on any annual interest payment date whenever there shall be sufficient money in said Local Improvement District No.6 Fund to pay the same and all unpaid bonds of this Local Improvement District of which this is one which are prior in numerical order to this bond,over and above an amount sufficient for the payment of interest next accruing on the unpaid bonds of this Local Im provement District. In case this bond is called for payment before its final maturity,each and every interest coupon not accrued at the time of such payment shall be void.Call for payment of this bond shall be made by the City Treasurer by one publication of such call in the official City newspaper not more than twenty nor less than ten days prior to said call date,and when such call Is made this bond shall be paid on the day the next interest coupon thereon shall become due after such call. IN WITNESS WHEREOF,the City of Moses Lake,Washington,has caused this bond to be signed by its Mayor and attested by its Clerk under the corporate seal of the City, and has caused the interest coupons hereto attached to be executed with the fac simile signatures of said officials this 25th day of April, 1957. City of Moses Lake,Washington <•Mayor Attest: City Clerk The interest coupons to be attached to said bonds shall be in substantially the following form: NO.$ tr 1--x.0n the 25th day of APrll>19 ,the City of Moses Lake,Washington,will pay to bearer at the office of the City Treasurer, ^e4.uUl°TT°L a di.i.—_D0LLARS in lawful money°£Jn©united States of America,said sum being the interest due that date on bond numbered^of Local Improvement District No.0 of the City,,out of Local improvement District No.6 Fund; provided that this coupon is subject to all the terms and conditions contained in the bond to which it is attached. City of Moses Lake,Washington By Attest:May°r City Clerk 3. PASSED at a regular meeting of the Council of the City of Moses Lake,Washington,and approved by its Mayor on the /*/-day of Sts^^k->1957. T City Clerk 4. CITY OF MOSES LAKE,WASHINGTON By ^Mayor ATTEST: