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CITY CF IdcRTFi QMTED tRDINAME AtO. 2955 BY _IL?? AN tFtDIUNCE PROVIAING F'CR THE ISSUANCE f}F NOTE3 QF TH& CITY (IF NCR3H OMMW IN ANTTGIPATItK (SF TiE 5.33UARCE QF BQND3 F'CR TE£E PUWtk3E OF CON3TWCTING JLNT? EMTING AlN ADDTTItK TO AND THE AI+TEftING aF THE PCLICE S2ATIQN), AAT? DECTAiSNG THE NF,CESSITY aF 'PHE ISSUANCE (F BM3 FCR StACH PURPE?SE« WHMEASs the Safety Director has haretofore barought to the attent3.on of Comwil the need af additional faoiTities for the Pgiice Station and Council$ in eoussielaring the needs, aleterm3ned it neatssat.q tnat there be addi.tic?nal faci9.i.t3.ss prcrPided at the Police Stati:oa and that certain facilities nmw vx3.sting be altered, all for the greater protection of the C3.tisens caf thia City and sf the mabers eaf the Poli.Qe Dspart,ments and WHEREA,Ss grtarauant thereto the prcyposed p].aris for a,a 8ddi.t.3sn to the Police 5tation and fcr the alteratian of the ex3.sting fa,ci33ties prepared u,nder the directian of the Serrvii.oa ?ireatar and Safety Direcst4r has been submitted to and approv+ad by the Planning Gommissioa ai this City and who reported its apprcval to the Council of this Citps arad WHg;FtWO Cowncit has determ3md it neaessary to pro"ed ta eonstruat and erect additi@nal fac::i].ities to the Police Statisn aad alterations requirad of exist3.rag faailitiea there3n' and zv+iFTER?,.S., it is est3mted that the ccst of aaid addition and alterafi,3.on, includi.ng engimering, 3.aterest snd lega1 aaperntt wm?u7.d be aPProximte7y $30,9030.04, whicsh Counc3il detsrmired ahould be and wrould be fitiarlaed by the issuanae of notes in anticipation of the issa.ance of boada in the amount af $3E?s44t).a0j, and, WHEREASa Ccawwacil hss heretofore request,ed the Auciitar to issue his Cert.i.ficate as to the eatbuted life cf the improvemeat to be arm con- atruated f`rom the prooeeds of the bonds hereinafter referred to sni of the notes to be iasusd ia anticipatioa of sa3.d bondaf and as tc> the maximum mataritg of such bcnds and nc?te or notess and the /?uditor haer certified to this Coumc:il snah estimated 1 if'e of the improvwwnt to be wastrusted, as exaeed3.ng five years, and has further Qertified the max3.mum. xaturity of suah bonds as ten years and of such aote or notes as otae year. NfltraT, THERSFM' BE I`.C` '(RDAMD by the Gounc$il of the City af ATorth 07.msteds State of f)hiot Section ls It is daemd necessary to 3.ssus bands ef the eity af North 03asted ia the pr3.ncipal sum of $300000•00 in ordsr to prerrrida a fund for the pvrgose of censtruct3ng and ereating an addition to agd at altsratiari for the exf.sting Po]j.ce Station affcrding more adequate facilities for hmusing prisoraers and in adwini.stering the services fwrn3.shed by the Poliae Department. Section 2t Tha.t said bonda cf the City of Atorth 03m#ed shs11 be issusd in the principal sum af $3US()04.IX) for the ptarposs aat forth in 3ect3.on 3 of this E8^dinaaoe. Said bonds shall be irz the donmnimti.on afi $4044,00 eachp shall bear interest at the rate of four peresent per ansvm# payab1s nal.ly on the first day of A,pril and first day of tctober af each year =t1l the prinQigal sum is paids upcsn prsseatation and surrender of the prcrpper 3ntsrest coupona whi.ch $hall be att,ached to wf.d bonds; provideds hcwe4ers 3.f aaid bcsnds are sold bearing