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HomeMy WebLinkAbout1383 ORDINANCE NO. 1383 AN ORDINANCE setting up and establishing a City Wharf Fund, defining the policy of the City of Bremerton with relation thereto, and prohibiting expenditures therefrom except for permanent wharf ~mprovementso THE CITY CO~ISSION OF THE CITY OF BRE~ERTON DOES ORDAIN AS FOLLOWS: Section 1. That all monies now in and all assets of the City Wharf Fund, and all monies that may hereafter be deposited in said fund, are hereby declared to be a trust fund, and the same may be used by the City Commission as an investment Fund for the purchase of bonds and warrants of the City of Bremerton, but may not be expended by the City of Bremerton except for the permanent improvement of one or more of the city wharves. Section 2. That all monies received by the City of ~remerton from the Bremerton Terminal Company, or Sophia Bremer, as rental for the two city wharves and street ends adjacent thereto, shall be placed in said City Wharf Fund. Section 3. This ordinance is immediately necessary for the preservation of public peace, health and safety of the City of Bremerton, and shall take effect immediately following passage and publication. PASSED by the City Commission of the City of Bremerton, signed by the Mayor, and attested by the City Clerk in authentication of such pas. sage, this 2nd day of April, 1941. Attest: State of Washington~ County of Kit$c,p ~ $* $* I the undersiEned do certify that the above end toreEoing is a t~ue and correct copy of an o~dinen¢~ passed by the cily commission o~ the city el Bremerton, Washington a~ve date.