RES 68-05 COUNSEL FOR AUTHORIZATION OF BONDS RESOLUTION NO.
A RESOLUTION of the Town of Winslow, Washington,
retaining counsel for certain services in
connection with the authorization, issuance
and sale of general obligation bonds of the
town in the principal amount of
WHEREAS, it is deemed necessary and advisable that the
Town of Winslow acquire, construct and develop a new municipal
building and to provide funds to pay the cost thereof that it
issue and sell its unlimited tax levy general obligation bonds
in the principal amount of $/Z~OOO ; and
WHEREAS, it is further deemed necessary and advisable
that bond counsel experienced in such matters be retained to draw
tile resolutions, notices and other documents necessary for the
authorization, issuance and sale of said bonds and to give their
opinion as to the validity thereof at the time of their sale;
NOW, THEREFORE, BE IT RESOLVED by the Council of the
Town of Winslow, Washington, as follows:
That Preston, Thorgrimson, Horowitz, Starin & Ellis,
attorneys at law of Seattle, Washington, be and they are hereby
retained to perform the services above set forth, and as compen-
sation therefor the town agrees to pay them the sum of Seven
Hundred Twenty-Five Dollars ($725.00), and in addition thereto
agrees to reimburse them for any out-of-pocket expenses such as
long distance telephone tolls which they may incur in the per-
formance of said services.
In addition, the town agrees to furnish said counsel
at their office in Seattle, Washington, with a complete certified
transcript of all proceedings taken in the matter of the issuance
of said bonds.
In the event that the town sells only part of said
bonds at any one sale, then the fee shall be as later agreed
upon between the town and said counsel, and shall be in accordance
with fees usually charged for the amount of bonds so sold.
In the event said bond proposition fails to carry, the
town shall pay said counsel the sum of One Hundred Seventy-five
Dollars ($175.00) only, which shall be compensation for their
services rendered to the date of said election.
PASSED by the Council of the Town of Winslow, Washington,
at a regular meeting thereof held this ~+~ day of ~
1968.
ATTEST:
TOWN OF WINSLOW
Attorney for Town
-2-
|