HomeMy WebLinkAbout1164 ORDINANCE NO. 1164
AN ORDINANCE of the City of Bremerton declaring the public park,
commonly known as the Roosevelt Field, belonging to the City of Bremerton,
the same being a baseball park and other buildings, to be a public utility
and providing for the issuing of bonds to be paid for, both principal and
interest, out of the proceeds of the operating of the said park and from any
and all rentals which may be obtained therefrom, said bonds to be sold and
the proceeds thereof to be used in paying the present indebtedness against
the said Park and further improving the same as in the body of this ordinance
set forth and providing for the submission of this ordinance to the voters of
the said City of Bremerton at an election to be held August 30th, 1937.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF BREMERTON:
Section 1. That the City of Bremerton is the owner of the hereinafter
described tract of land, which said tract of land is commonly known and named
by the said City Commission as Roosevelt Field and has been improved for a
municipal ball-park and the City of Bremerton, together with the 'W.P.A.
donation, has expended in the improvement of the said tract of land approzimately
$ Dollars and this sum has been paid except about $3,500.00 dollars
and it is desirous to take up this amount at a bond issue and to furnish and
install lights and flood-lights for the said buildings and field, seed the said
field, drain the same and make other necessary minor improvements in order to
properly fit and equip this tract of land for use either day or night for
baseball games and other athletic sports and it is estimated that it will take
the sum of $12,000.00 Dollars to pay the present indebtedness against the said
park and to make the improvements above mentioned.
Section 2. That it is the intention of the City Commission of the City of
Bremerton to submit to the electors of said city the question of issuing the
sum of $12,000.00 Dollars in bonds, the principal and interest thereof to be
paid from the net proceeds of said field, as hereinafter described, and to
apply the whole of the said net proceeds, or so much thereof as may be needed
to the payment of interest which shall be of the rate of six (6%) per cent per
annum and the remainder thereof to be kept in a special fund and used exclusively
for the retirement of the bonds above mentioned; that these bonds shall be in
denominations of One Hundred ($100.00) Dollars each and serially numbered and
to be payable according to their serial number from the proceeds of the
operations of the said Park as above mentioned, and none of this indebtedness
shall in any manner become a general obligation of the City of Bremerton.
Section 3. That this ordinance shall be submitted to the electors of
the City of Bremerton at a special election to be held August 30th, 1937, and
shall have no force or effect until the same is passed by the requisite number
of votes.
Section 4. That the description of the above mentioned property is as
follows;
Beginning at the Southeast corner of Tract 4, Block 6,
Warren Smith's Acre Tracts; thence West 618.24 feet to
the Southwest corner of Tract 7, Block 6,; thence North
66§.40 feet thence East 617.21 feet to the West margin
of Warren Avenue; thence South along the West margin of
Warren Avenue 665.40 feet to the point of beginning.
PASSED by the City CoSmission of the City of Bremerton, signed by the
Mayor and attested by the City Clerk in authentication of such passage this
15th day of July, 1937.
Attest:
C~O~y of Kit~a~. ~j S. S.
I ~he un~i~ do ~li~ that the
an~,for~n~ i~ alrus and ~r~ect cop~
o~n~ ~d by the ci~ cemm~on
the ~ of Bre~on, Washinltoe
a~ date.