Resolution 0039

Providing for the borrowing of the sum of $1,000,000.00 and the issuance of general bonds of the Port of Seattle therefor for the purpose of acquiring the land and erecting structures thereon for the harbor improvement known as the Smith's Cove improvement, provided for by Proposition Number 2 submitted to the voters of said port district at a special election held therein on March 5, 1912, and adopted by said voters at such election; and providing for the form and details of such bonds, and the establishing of a proper fund for the payment of the principal and interest thereof."