HomeMy WebLinkAbout0900 0 RD INAI~OE NO . 900
AN 0RDINAI,ICE oon£'ir.minu the result of elect[on held June 11, 1929, providing for
quiring by consolidation or purckase, or by ~on~trac'tion, an electric life,ting
plant and system, within an& without its Corpor~te limits, for the purpose of
farnishink:' ?~e C ~ . .
n sai.~ i~y an~ the inhabitants ~h~reof, and any other persons ~.,i~h
.an am~le supply of electricity, and ali 'the pro~ac~s an~ by-p?oducts of an elec-
tric li~hsin~~ plan~ incl~iinf facilities for ]i~h:;ini', h~a~ing, fu~l an~ power
purposes, and all accessories of any kin.i, necessary an~ convenient for the use,
~is~ribu~ion anJ~ sa]e thereof, ut an estimated cos~ of .~750,000,00 an~ ~he
issuance an~ sale of bonds in an amo.~nt not exceeding si:-: 'per cent )per annum,
payable aemi-ann~all.'~, matu?ing aerially in from ai:~ to twent:~; yea~-s from the
~ate thereof payabl~ at tls office of the City 2reasurer, m¥i pa:sa'hie 'only oat o~
a special 'gang, into ~/hi~h said f~nd, said Cit-... bii'~s an~ obligates itself to set
a~i.ie and pay from the is-oas reven~es o:~ ~id plant and ~ vstem certain fixe.1 a-
mounts as certain fi:~e/ ,tares, suffioi~nt to pnSf the principal and interest on
said boule, aa the sum,? :ns'; mature and b~:,como oayable; all as set forth in a
certain O~-dinan~e NO. 893, adopted and 'pass d by the City Commission and ,l%~]y en-
acted accordind, to law, mill particularl:; as set forth in Sections 1,~ '~ anal 3
thereof.
~{EY~EAS, at a ~4~eoial election ke]~t in th~ Uity of Dremerton, 'Wazhinf,'ton, on
J~e 11, 1929, ~u~suant to 0~'dinance Z~o. 893 ?asse,l and aD, troveR ~Ray 8, 1929, more
two-thirds of the %talifle. d votece of said x~:, voting at said election in favor
~aof ~he system or plan submittei speoz'.z..d r~nd a~opte~ by the Oztv of :6remerton, for
acqairin~ by con~lemnation or purchase, or b? construction, an electric li[htin[ plant
~ an~ System, within and without i~s corpor~te limits, for the p~rpose of
the sai~ City and the inhabitant;- there;of, and any othe~ persons with an ample
~::.~of electricity, an~ all the products and by-products of an electric lighting plant
includin[ facilities for li~jhtin¢, heating, fuel and power purposes, and all access-
?0ties of any kin~, necessary an~ convenieat for the use, ~iatribation and sale thereo:
* ¢ and the issuance an~ sale of bon~s in an amount
at an esti~mte~ c. ost of ,;~ZoO,000,O0,
%~:not excce~in~, sai~ eati:.mte~ cost, bearint' interf~st at a rate not excee~iin¢ six per
~::'~cent per annam, pavabl,~ semi-annually, maturing serial, ly in from s:ix Zo ~wenty ye:~rs
~:~from the .:L~te tke~-eof payable at the office of the City Treasurer, and payable only
~Out of a special fm'~d, into v;hich ~id f~md, said ~ity binds and o~li~stes itself to
t aside and pas from' the ['ross. revenues of ~id plant and system certain fixe~ a-
mo~ts at certain :['i:re~l dates, sufficient to pay the 'principal and interest 6n said
?houRs, as ~he ga:ne may ma~e m~l become payable, ml] as se~ forth in a certain OrR-
'?~inance No, 893, adopted and passel by the City Commission and duly enacte.t according
to law, and particalarl.~z as ~et forth in Sections 1, 2 and 3 thereof, ~id o~dinance
' ~bein~ entitled:
"AN 0RDTM ~ ~'~=
~,~:,,~, specifying and adopting a system o. plan for the acquisition,
either Dy construction or purchase, b~f the City of Sremerton of an electric tit~ht
and power- plant ar~.i system, within an.i withou~ itl corporate li ~its ~for .the
,. ~.~er persons,
pose of furnishing the said Cit.~ and inhabitants .thereof, and an.y o~
with an ample a~:~pl:,, of electric liFht and power for lighting, heating, fuel. ~_~nd
power purposes, 'pa01ic and private; 2eclaring the e:- bisected 5ost...~Oher'eo,f as near
aa may be at ,.~750,000,00, creating a special f~d for the sole 'pur]?o'se of ~efra~zin
the oo~t of acsuirinf, conde;~ing or purchasing or constractin[~ s~ch '~lant, pro-
viding for the is,uance and sale off Oonda payable only out oi'..s~lch special
and s~bmitting the same to the qualified voters of said Cit'; for ratification or
rejection, at a special election to be held in said Cit:., on' 2ue~:da,/, the ]lth day
of J~$, ]~29,"
~;? NOW, T!{ER~O.~, '~' "'~ Z B:{_=..~L:t~O~ D02~ 02DJIN AS
~0LLOW~:
Section 1, 2hat the a~option of sai~ ,jropo~'~ition by the voters of fha sai~
. therein on J]~e Il, ]~29, f0~
City of 3remerton at the special election hel~ '
. - ORDINANCE NO. 900 CON'~
by conderm~ation or purchase, or by con~: tr~action, an electric lighting plant and
~no,lt its coroor~:~te limits for the pur-oose o~ furni~hing the
system, within and
said City and the inhabitants there-of, and any other persons with an ample supply
of electricity, and al] the products and bv-products of an electric lighting. 'plant
including facilities for llghtin, heating, fuel and power p~rposea, an'd all access-
ories of any kind, necessary and convenient for the ~se, :tistribution and sale
thereof, at an estimated cost of ~950' ,000.00, :~nd the issuance and sale of bonds
in an amo'~nt not exceeding said estimated cost, bea~'.ing interest at a rate not ex-
ceeding( six per cent per annum, payable semi-annually, maturin~ serially in from
six to twenty years from the date thereof payable at t'h,-: office of the City 2reasur-
er, and payable only omt of a spec~,~l f~lid, into ~"~'~'~
. ~..~. said fend, said City binds and
obligates itself to set aside and fay from the gross revenues of za~d plant and system
certain fixed amoants at certain fixed d~..tes, Sufficient to .,2ay the principal and
interest on said bonds, as the sam~ may mature and b~-~come payable; all as set forth
in a cert~in O~'dinance i~o. ~93, adopted and :2asse:[ by the City Co~isaion and duly
enacted accordin[, to law, and pa~?ticularly as set forts in Sections 1, 2 and Z thereo~
be and the same is hereby in all things a?prov.-d, ratified and e'onfirmed,
PASS~ by the City Oo~m~isaion of the City of ~remerton.in regular session
ass~bled on the 5th day of J:?]v, 19~9, b? the fei]owing vote: Ayes, 3; nays, none.
APPROV3~ by the ~yor and attested by the .City. Clerk in auth~ntication thereof
this 5th day of ~uly, 1929.
A ff~ES ~:
This Ordinance was introduced and ..ad its fir[.t readin~ at a regular meetin~
of the City o~sslon on JLme lb., 1929
S~te or Washin~n~ S.S.
~unty of Kitsap )
I the unde~igned do ce~ti~ that the abo~
and foregoinE is a t[ue and correct copy of ~ C i t y C ~ e rk.
a~ oMinance pasaed ~y the ci~ commissio~
Cf the d~ ef Bremedon, Washie~on