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HomeMy WebLinkAbout0883 ORDINAN~ No 883. ~ AN ORDINANCE Relatint to the construction of a free Public Library Building in the City of Bremerton,Kitsap County,Washington,and the furnishing and equipping thereof,at a cost not to exceed SA1.000,and the purchae&ng and acquiring title by said City of sufficient additional real estate,to-wit: Lots lA and 15, Block 16,of the original Plat of the Town ~Now City~ of Bremerton.Kitsap Oounty. Washington,to make [Toget4er with the property now owned by said City~ an adequate site for said building at a cost not to exceed $4.000,and submitting to the qualified voters of said City at a special elect~on to be held therein on the 6th da~ of November.1928, the question of borrowing the sum of SA§.000, for said purpose and issuing its generally, obligation negotiable coupon Bonds ~herefor. Whereas. the 01fy of Bremerton,Washington, owns the East Ten Il01 feet of Lot 12 and all of Lot 13 in Block 18, original plat of town ~now city~ of Bremerton,N~shington, and Nhereas. said real estate is now being used as the site of the present free Public Library Building of aaid City,and:~: Whereas said building is now inadequate to serve the public and said above described real estate is not sufficient for the site of a new free public Library Building of a size suitableto the needs of the public; and ·hereas the owner of Lots lA and l~,Block 16,original pla~ of the town [now City~ of Bremerton,Washington,[said lots being immediately adjoining;the present Library site) has tendered to said City said Lots lA and l§ for the sum of $3500.00,subJect to special assessments and taxes against them amounting ~o approximately $200.~00; and Whereas said Commsssion has investigated said proposition and approves the same; and Whereas the Commission of the Oity of Bremerton.Kitsap County,WashixLgt.on. deem it necessary for the best interest of the public,and fo~ the immediate preset'ration of the public peace,health and safety of the citizens of said City,that said City shall, for a strictly Municipal purpose, to-wit; the construction of a free Public Llbra~'y in the City of ~remerton,Kitsap County,Washington.and the furnishing and equipping t~:ereof, at a cost not to exceed $4l. OOO.OO.and the purghacing and aCq~ing title by said City of sufficient additional real estate,to-wit; Lots 14 and 15,B!ock 16 of the origi~al plat of the town~now city) o£ Bremerton,Kitsap Gounty,~ashington,to make~ogether with the property now owned by said Oity) an adequate site for said building at a cost not to exceed $4.000,borrow the sum of $45,000 and issue i~s general'obligation negotiable coupon bonds therefor,Now therefore, BE IT ORDAINED BY THE CIT~ CO~ISSION£OF~i~HE'~CITY O~ BREMERTON,W~HIN~TON, AS ~OIJ~O~¥S: ~ECTION 1. That said City for a strictly m~micipal purpose.So-wit;the construction cf a free public library building in the City of Bremerton,Kitsap County. Washington. and the furnishing and eq~ipping thereof,at a cost not to exceed SAl.OOO.OO,and t~e purchasing and acquiring title by s~id City o£ ~f~'~suf~oient additional real estate to-wit: Lots IA and l~.Block 16,of ~he original plat of the town~now city] of Bre~erton. Kitsap County,Washington.to make ~together withthe property now owned by said an adequate site for said building at a cost not to exceed $4.000.00. borrow ~he um of $4~.000.00 and issue its general obligation negotiable coupon bonds therefor.whic~ shall bear interest at a rate not exceeding 6% per annuam,payable semi-ammually; shall payable,Seth principaland interest,at the office of the Gity Treasure~, or a~ the fiscal agency of the S~ate of ~Mashington, in New York City.at holder's option,in Gold Coin of the United States of the present standard of weight and fineness,and sh~ll mature in the order of ~heir numbers.lowest first, in varying annual amounts.commencing two years and ~nding twenty years after date thereof. Prior to the issuance and delivery of such bonds said City shall by Ordinance prescribe the form of said bonds and fix the date, interest rate, den~mination and other details thereof.and Shall fix the definite annual maturities,which shall commence with the second year after date of such bonds and shall (as nearly as practice be in such amounts as will, together with the interest on all outstanding bonds, be met by an equal annUal tax levy for the payment of said bonds and interest. None of such bonds shall be of a denomation greater than $1000.00. 2he life of the improvement to be acquired by the issuance of such b~ds is hereby declared (as nearly as practicable~ to be twenty years after the date of S~lh bonds. Each bond shall provide for, and th~ City reserves the right to call in and pay all or any of said bonds on any annual or semi-annual interest paying date after five years from date of said bonds,provided however, that if this provision for callin said bonds before m~turity should be void then and in that event the sameshall not effet the validity ef said bonds or this Ordinance,but in that event said bonds shall be psi as though said provision had not been inserted therein or in this Ordinance. SEOTION 2. That the officials of said Citynow or hereafter charged by law with the duty of levying and collecting taxes shall,in the manner provided by law.annually levy taxes upon the taxable property in said ~ity,$n amounts suf'ficient to pay the pr~ncipie and interes~ of said bonds as the same become due,and such taxes so collected shall beset aside into a special, lung hereby created and designated "Library Building Bonds l~und", and shall be used for no other purpose than for the payment of the principal and interest of said bonds. SEaTION 3. That ,the question of borrowing said sum of money for said purpose and the issuance of said bonds therefor,shall be submitted to the qualified voters of said airy for their ratification or rejection,at a special bond election to be held therein in the several tuly established voting precincts of said City on the 6th day of November 1928,and notice of said election shall be given as provided by law. SEOTION 4. Said election shall be conducted consistent with the general election laws of tbs State of ~Mashing~on.and ~he question submitted a~ said election,as aforesaid,shall appear upon ~he ballots ~o be used a~ said election in substantially ~he following form: "S~ll ~he Ci~y of Bremer~on,~ashing~on. for a s~ric~l~ m~icipal purpose,~o-wi~: ~he purpose of cons~e~i~a free public Library Building in ~he Oi~y of Bremer~on,Ki~sap Oo~y,~ashing~on.and ~he furnishing and equipping ~hereof, a~ a cos~ no~ ~o exceed ~l.000.00.and ~he p~chasing and acquiring ~i~le by said Ci~y of sufficien~ addi~io~l real~ es~a~e.~o-wi~:~o~s 14 amd 15, Block 16,of ~he original pla~ of ~he ~o~ (now Oily>of Bremer~on.Ki~sap 0oun~y. ~ashing~on, ~o ~ke ~oge~her wi~h ~he proper~Y now owned by said Ci~y~ · adequa~e si~e for s~id building a~ a cos~ no~ ~o exceed $4.000.00,borrow ~he s~ of $45'000,00 and issue i~s general obliga~ion nego~iable coupon bonds ~herefor.as provided in Ordinance No 883,of said Ci~y,which bonds shall bear da~e,~he da~e of ~heir issue,bearing in~eres~ a~ ~he ra~e of no~ ~o exceed 6~per cen~ per a~,and ma~ure serially co~encing ~wo years after da~e ~heref~em Said ~uri~les ~o be as nearly as prao~imable in an amo~ ~ha~ will,~oge~her wi~h ln~eres~ on all outstanding bonds of said eddy,be me~ by an equal a~ual ~ levy for ~he paymen~ of said bonds and ln~erest;~he definite ma~ities shall be fixe~ by ~he corporate authorities of said "BO~S, NO". Each elector of said Gi~y ~o~ing a~ said election upon said question shall prepare his or her ballo~,by s~riking ~herefrom ~he words "BO~S,~S", or "BO~S NO". so ~ha~ ~he re~ining portion shall express his or her vo~e on said ~ues tiOn. ~OTION 5. The polls a~ said election shall be kept open from 8.000'Olock A.M. ~til 8.00.P.M. on said day. The Oity Oo~ission shall by resolution desi~ate the polling places for said election in the severally duly established vo~ing precinc~s of shall designate and appoint the officials to.conduct said election in such votin precincts, shall prescribe the form of notice of s~ch election and provide for the publicat on and posting thereof,and shall prescribe the form of ballot. ~E~ION 6. If the total votes cast upon such proposition at said electicn shall fifty per cent of the total number of voters voting in what wes formerly ~he cities &xceed of Bremerton and Oharleston, ~ashington.and now consolidated as the City of Brem~rton.at the in the year 1926,and if three-fifths ~f the general oounty election held legal ballots east at said election on said question shall be in favor of "BONDSiYES", then said Gity of Bremerton shall be deemed authorized to borrow the amount of m~ney SO vote for and to issue its general obligation negotiable coupon bond s therefor, SEOTION ?. This Ordinance is necessary for the immediate preservation of the publ peace,health and safety and shall take effect immediately upon its passage. · Passed by the City Commission of said ~y of Bremerton in regular s~ssion assembled on the 3rd day of October,1928, by the following vote: Ayes,J; Nays)O,~AbsentO and approved and s~gned by the Mayor and attested by the City Glerk in authentication thereof this 3rd day of October 1928. ....~/~%~-~-~-~0ity .lerk. ...... Mayor. ~his Ordinance introduced and had its first reading and placed on file f~r Public inspec~ion on this 26th day of September 1928. 0ity Olerk.