HomeMy WebLinkAbout2103 ORDINANCE NO. 2105
AN ORDINANCE providing for the issuance of General Fund warrants
and declaring an emergency.
THE CITY OF BREMERTON DOES O~DAIN:
Section 1. '£hat it is necessary to issue General Fund warrants
for the purpose of paying the current running expenses of the City
of Bremerton for the fiscal year 1955 by reason of the fact that cer- tain anticipated revenues have not been received and ther, e is,not
sufficient amount in the General Fund to pay expenses.
Section 2~ The City Clerk of the City of Bremerton is hereby
directed to draw General Fund warrants to pay current ru]~ning expenses
in an amount to exceeding 80% of the uncollected revenues anticipated
in the budbet adopted for the fiscal year 1955, and said warrants shall
bear intez~est at the rate of 3% per annum.
Section 3. That due to ~he failure to receive revenues as anti-
cipated and th~issuance of warrants is required for the carrying on of
the necessary' work of the Oity and for the present preservation of the
public peace, health, safety and welfare of the citizens of Bremerton,
an emergency exists and is hereby ~eclared t.~ exist and this ordinan-
ce shall take effect immediately following passage and publication.
PASSED unanimously by the City Council of the City of Bremerton,
signed by the ~ayor and attested by the Clerk in authentication of
such passage this 9th day of ~'arch, 1955.
ATTEST: S.W. YO%~LL, Mayor
E. H. T'. McGowan,