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xo. _~ ~' ~~ thin ~euaeil has requested the pity Aadtsr to isstie his esrtfieate as to the estirat~i life of 3 .1. 1•~r ~reted at a spssial elsatien~ hetiraary 15, .1955, amt the i aatarity et aatcpatery ao~ss to b• issYad Sat aatiepat~n s+t' b a frattis~t of the parea~ds of s~eh leery,, set ~eed3a 5 of total estiaated ~roe~is thareot awl the ~ ls~iter has eortifed to this it smolt •stiwate life as the years 1958 sad -1157 C ?' 1955 amt 1,5fi~ ~ sad has further eertifiod the a~ia~ natmri.ty of saoit sates to Mare serially and aubstaa- tially is egtial aae~ts dsprfmmg sash year sf the life of said lorry, or eae~luilf is 195b asd. the balaaee is 195'x.: T B$ IT A~AII~~ BY TB~ t34tIL t}F T~ CITY That it is deaaed aeesasary to isaae aatiopa- . des • e e ty of forth t~lastsd is the praeai~tl sea e~f .fl~9, a fraas of tl~ preQOeds of a lei pa and at the a al eltea, fesr~~a~ry 15, 1955, being as sat 5~ef the tohal estiaated p~aeeds of the lorry thre~jho' its li e, for earreat e~cpease• of the Gity of Borth Masted, ~t3.es 2 That said sofas of the d3t of 1~oath ast~ed shall b• issue , -~~c~ fasipal sat of ~'$~, ;, four P aforossi.d d sates shall be sf the dtioa of :+-~ saoh~ shall bear i~t~arest at tl-e rata of ~ per ceatut per a~tay payable. seai~aa~ually ea the first days of Jaae a'd ~ of each year, be~isaia,~ Jae 1, lei until aattari.ty or -gal the pria- aipa~. sus- is fa13.y paid pcevid~sd ho~rerrer, that it sa~,d ~~ aare sold bearisa; a differ~eat rate et ~aterest than hereiabete~re s~tified~y such sates shall bear soh rate of inte~st as say be piroTld+art far is the resolatiea aaa rda# the ease. That this Qot~cil hsroby deteraiaes that it is ascossary t . ~'sa~aotos :hall tie issued fa antiaipatiea of the colleetioa of the proeoads of said ler~• That an+ah aataipatEary sates shall ba dated 9~epCoabsr ~, ~ ,~aad shall aatare as hereiasftor set ferth.~ laid auto or sofas shall be sueeated by the Mayor and t e ~ tyaditsr shall bear the seal of the e~aties~; they shall bo payable at t gatoaal City ~aah of dleT for 0lasted ~`'fiso, fa the Bit? of xerth 4lasted~ Ah3.o; that' =ate epee their face the purpose for xhich they are issued asd that they are reamed parauant to Chia Ardiaaaae~ Shat said sots or sates shall be first offered at par amdea~te xtersst to the Troasarer amt ~'fsa~r is ohae of the Siakag sad if said Sreasurer a~td d~faer rotuaes to farce any or all of said s®toa~, thsa said sofas sot see ta]coa shdl]. ~-a ad~.aod for public Gals sad sold is the moaner preTided by ].atr~ but sot far loss than their par ralae sad aaerued interest; the sate sale ad+rer= tiseaeat shall stets that ate' desiring to do so nay prossat a bid or bids for each sates based ripen their bearing a d~fferest rate of intorsst then hsroinbefere find, prorri.ded, howrror that ~ a- tractisnal iaterost rate is bid, each fraction shal.~. bs ens-~aartor of one per Boat Ear aultiples thereof.:: 'I