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Home My WebLink About0645 0RDIi'IANOE NO. 645 AN ORDINANCE submitting to the qualified elect;ors of the Oity of Bremerton $ a special election the proposition of borrowing fifteen thousand dollars (i~15,000) and issuing the general negotiable Coupon bonds of said city the~,efor, for the p~- pose of buildin~ a oublic dock. ~E CITY COU~CIL 0P T~E CI~ 0~ Bi~,~i{T0~ D0 ORDAIN AS POL~0~S: Section 1. A special elc~ion shall be held in said City on October 7th. 1919, a~ which election ~here shall be submitted to the qualified electors of said ~ity for their ratification or rejection the ~>roposition of borrowi~'~g f~ifteen T}~ousand Dollars ($15,000) and issuin{ the ~e~eral negotiable coupon bonds of said City thereof~, for a strictly municipal purpose, towit: The construction of a [oublic dock, which said bonds sh~ll be in denomination, s of ~500 each, shall be numbed'ed from I to 30, shall bear interest a~ the rate of 6 per cent per ann=n, oayable semi-annually, shall be payable, both ~2ri~ci[oal and i~lter~t, at the off'ice of the Treas~er of said city or at ~he fiscal agency of ti~e s~a~e of ~,'lashington in New York City, a~ the option of the holder shall bear date of their issue a~d shall mature in the order of their n~bers, as f follows: $1500.00 eleven years after da~e of a .li'~{e ~nount annually there.~.fter until all of said bonds a~e ~aid. Section 2. Said electi~n shall be conducted by ballo~ and the ballot used shall be in substantially the following form: 0~FIOI~ B~LLOT ~0R S,~'ECIAL BOND ELECTI0i~ hELD IN TiiE CITY OF BREi~i - ~_,T~ ON OCTO- BER 7Tit, 1919 INSTRUCTt011 T0 VOTEz~S: Every voter desiring ~o vote in favor of the ~,roposition below stated shall strike out the. words "Bonds--No, so that the remaini~2. ?or~ior~ oi' his ballot shall express his vote on said propos~ion. Every vo~er desir- ing ~o vote against the proposi~ien below stated shall strike out the words "Bonds--Yes," so,hat the remaining portion of his ballot shall ex~ress his vo~e on said prop~titi0n. Shall the Cit~., of Bre,nerton, ~ashi.~gton. for t['~e purpose of constructing a public dock, borrow ~15,000 and issue its general negotiable coupon bonds there-£or? Bonds---Yes Bonds---No Section ~. If three-fifths of the legal ballots cast at s id electio~ on said eues~ion be in fa~zor of borrowin~ the money and issuing the bonds, then the City Council shall provide for the issuance, sale, date, form, delivery a~d other details of said bonds, and shall be deemed authorized to borrow said mo ,ey and issue said b end s · Section 4. NOTICE 0~ EL~OTION s~all be published in ~'he Bremerton News, a newspaper published and of ~e,,eral circulation in said city, which ne':-s~:~aper is ti:e Official newsoaoer of said City, and such notice shali 'be published ia fifteen con- secutive issues of said ne,.vspaper, the last of which publication shall be ~rior to said election day, and further notice of said e.lection in substantially the s~.~e for~ as the published notice of elction s.h~ll be given by posting such notices in three of the most ..u. blic ~laces in each voting preci~ot, one of which places mhall be the polling ,,~lace therein, which notices shall be so posted at leas~t fifteen days prio~: to the said election day, ~.nd ti~e City Clerk i.s hereby authorized and directed to post sucD, notice~ o~' cause the Section 5. The !~ol.[s of saidelection shall open at 8 o'clock a. m. and red,lain open until 8 o'clock p.m. of said'~lection day, at which time the polls will close, and the notices of election shall s~ecify the polling places in the several votin~ prec i~-.~c ts. · Section 6. In the event said bonds shall be issued there shall 'be levied dur- ing the year 1919, a~d a~nually thereafter, a tax upon all taxable ioroperty in said city sufficient to ~oay the interest on all of said bonds a s the same falls due, and in the year 1928 and annually thereafter there shall be levied a further taz u,oon all tl.~e ta~able property' in said city in a sum sufficient to redeem said bo.~ds as the same fall due, az~d such taxes as collected shall be ~aid into a special fund hereby created a~d known as "1919 Dock Sends Fund" and no portion of the monies in said fund shall be used for any other ~ur.~ose than the ~oayment of the principal and interest on said bonds. ~ .... ~O~dinance No. 645 tCont'd) Section ?. This ordinance shal± be published in the City official newsoaoer and shall take effect five days from and after She date of its publication. Passed the 0ity 0ouncil on August ll, 1919. Ap~ oved: ATTEST: ~. ayor · C~ty Clerk.