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NOW, THEREFORE, BE IT ORDAINED by the City of Lakewood: <br /> <br /> Section 1. Section i of the Original Bond Ordinance, which <br />now reads: <br /> <br />"Section 1. It is hereby declared necessary to issue <br />bonds of the City of Lakewood in the principal amount <br />of $236,000 for the purpose of paying the property <br />owners' portion, in anticipation of the levy and <br />collection of special assessments, of the cost of <br />improving the municipal easements described in <br />Resolution Nos. 5577 and 5602, duly adopted by the <br />City Council on June 15, 1981 and September 21, 1981, <br />respectively, by constructing thereon breakwalls with <br />concrete modules and end returns together with the <br />necessary appurtenances thereto. Said bonds shall <br />be issued in one lot and notes have been issued in <br />anticipation of said bonds." <br /> <br />is hereby amended to read: <br /> <br />"Section 1. It is hereby declared necessary to <br />issue bonds of the City of Lakewood in the princi- <br />pal amount of $215,000 for the purpose of paying <br />the property owners' portion, in anticipation of <br />the levy and collection of special assessments, of <br />the cost of improving the municipal easements <br />described in Resolution Nos. 5577 and 5602, duly <br />adopted by the City Council on June 15, 1981, and <br />September 21, 1981, respectively, by constructing <br />thereon breakwalls with concrete modules and end <br />returns together with the necessary appurtenances <br />thereto. Said bonds shall be issued in one lot <br />and notes have been issued in anticipation of said <br />bonds." <br /> <br /> Section 2 Section 2 of the Original Bond Ordinance, which <br />now reads: <br /> <br />"Section 2. Said bonds shall be dated December 1, <br />1982; shall be numbered from 1 to 48, inclusive; <br />shall be of the denomination of $5,000 each, with <br />the exception of bond no. l, Which shall be of the <br />denomination of $1,000; and shall bear interest at <br />the rate of twelve per centum (12%) per annum, pay- <br />able semi-annually on the first day of June and the <br />first day of December of each year, beginning June 1, <br />1983, until the principal sum is paid; provided, <br />however, that if the bonds are sold bearing a dif- <br />ferent rate of interest than herein specified, such <br />bonds shall bear such rate of interest as may be <br /> <br />- 2- <br /> <br /> <br />