HomeMy WebLinkAbout2226 ORDINANCE NO. 2226
AN ORDINANCE providing for the appropriation of funds from
the current Water Fund for which no appropriation was made in the
1957 budget, and declaring an emergency.
THE CITY OF BREMERTON DOES ORDAIN:
Section 1. Ordinance number 2225 providing for the sale of
$350,000 Water and Sewer revenue bonds, established and created
a bond redemption and interest fund and a bond reserve fund re-
quiring the appropriation of money to these funds and that said
ordinance makes it necessary that the following appropriations be
made from the current water fund.
Bond Redemption & Interest ........ $11,232.39
Bond Reserve Fund ............ 2,333.33
Section 2. That at the time of the adoption of the 195V
budget it could not have been forseen that Ordinance #2225 would
be passed requiring the establishment of the above funds and re-
quiring the appropriation of money to them, and that it is neces-
.sary ~hat the above appropriation be made from current water funds
not otherwise appropriated and that the respective s~s are here-
by appropriated to the funds hereinabove set out. That there exists
and is hereby declared to exist an emergency and this ordinance is
necessary for the immediate preservation of the public peace, health
and safety of the citizens of Bremerton and shall be in full force
and effect immediately upon passage and publication.
PASSED UNANIMOUSLY by the City Council of the City of Bremerton,
signed by the Mayor and attested by the City Clerk in authentication
of such passage this 29th day of May, 195V.
ATTEST: Mayo r
C i ty tz~ e r~