An Ordinance of the City of Ilwaco, Washington, authorizing the issuance and sale of a limited general obligation bond of the city in the principal amount of $175,000, to provide funds to acquire property for fire hall purposes and to pay the costs of issuance of said bond; providing the date, form, and repayment terms of said bond and for the pledge of the city's full faith and credit to pay the principal thereof and interest thereon; and approving the sale of such bond.

Section 1. - Definitions

Section 2. - Authorization of the Bond

Section 3. - Registration and Payments

Section 4. - Prepayment

Section 5. - Creation of Bond Fund

Section 6. - Form of Bond

Section 7. - Execution and Authentication of the Bond

Section 8. - Application of Bond Proceeds

Section 9. - Pledge of Funds and Credit

Section 10. - Tax Covenants; Special Designation

Section 11. - Sale of the Bond

Section 12. - Severability

Section 13. - Effective Date

Passed by the City Council July 23, 2007.

Melissa K. Busby, Treasurer

Published August 1, 2007

Legal No. 244

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