HomeMy WebLinkAbout2129 ORDINANCE NO. 2129
AN ORDINANCE providing for the appropriation of funds for which
no appropriation was made in the 1955 Budget, and declaring an emer-
gency.
THE CITY OF BRE~RTON DOES ORDAIN:
Section 1. That by reason of the passage of Ordinance No. 2124
passed September 14, 1955, $1,300,000.00 Dollars in Water and Sewer
Revenue Bonds were sold by the City of Bremerton, and said Ordinance
further provided that a redemption and interest fund and a reserve
fund be set up, and that the following sums be appropriated; that
by reason of the passage of said Ordinance, it is necessary that the
following appropriations be made:
REDEMPTION & INTEREST FUND
Redemption Interest ~ota!.
October $ 416.67 $3,247.08 $3,663.75
November 416.67 3,247.08 3,663.75
December 416.66 3~247.09 3~663.75
TOTAL $1,250.00 $9,741.25 $10,991.25
RESERVE FUND OF ISSUE
October $1,083.34 - - $1,083.34
November 1,083.34 - - 1,083.34
December .... 1~083.33 .... - - ~ la~83.33
TOTAL $3,250.00 - - $3,250.00
Section 2. That at the time of the adoption of the Budget
for 1955, it could not have been reasonably foreseen that Ordin-
ance No. 2124 would be passed providing for the above appropria-
tions, and it is necessary that the above appropriations be made
from the current water funds not otherwise appropriated, and there
is hereby appropriated from the current water funds, the sums~ here-
in above set out.
Section 3. That by re.son of the fact that no appropriation
for these funds was or could have been made, an emergency exists,
and this Ordinance is necessary for the present preservation of
the public peace, health, safety and welfare of the citizens of
the City of Bremerton, and it is required for the carrying on of
the necessary work under the laws for the City Water Department;
and this Ordinance sh~ll take effect immediately following pass.
age and publication.
PASSED unanimously by the City Council of the City of Bremer-
ton, signed by the Mayor and attested by the City Clerk in authen-
tication of such passage this 26th day of October, 1955.
ATTEST: H.O. DOMSTAD, Mayor