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HomeMy WebLinkAbout3391 ORDINANCE NO. ~3// AN ORDINANCE amending Section 4 of Ordinance 3384 and adding a new Section 5 and declaring an emergency. THE CITY OF BREMERTON DOES ORDAIN: Section 4. Warrants may be issued or transfers made against this fund in satisfaction of obligations incurred as authorized by Section 3 or to repay expenses incurred by other funds for the pur- poses authorized in Section 3 only when a claim against the fund has been approved and the City Treasurer is hereby authorized to issue interest~ar~g warrants against this fund for the payment of any claim that ~sbeen approved by City Council at an interest rate negotiated with the official City bank. Section 5. The City Treasurer shall redeem these interest bearing warrants no later than the second working day after receipt of the grant funds. An emergency is hereby declared to exist, and it is hereby found necessary for the public health, welfare and safety that this ordinance become effective immediately upon its passage and publication PASSED UNANIMOUSLY by the City Council of the City of Bremerton, Washington, at a regular open public meeting thereof, signed by the Mayor, and attested by the City Clerk in authentication of such passage, this ~/~ day of November, 1977. /GLENN K. JARSTAD, ATTEST: G.C. YEA~ON, SR. CITY CLERK