HomeMy WebLinkAbout0651 ORDINANCE NO. 851
AN 0RDINAN0~ SUB.~ITTING TO THE QUALIFIED ELECTORS OP THE CITY 02 B~RT~)~ AT A
SPECIAL ELECTION_iTHE PROPOSITi0i~ OF BORROWING ~0i-~TY THOUS_~ND
.~, ,~00.00 ) DOLLARS
AND ISSUING THE GENERAL NEGOTI..~BLE COU£ON BONDS 02 S~iD CITY TEEREFOR, FOR THE PUR-
POSE OF BUILDING A CITY HALL.
THE CITY COUNCIL OF THE CITY OF BRE~ERTOND0 ORDAIN AS FOLLOWS~
Sec. 1. A special election shall be held in the said City on October ?, 1919,
at which election there shall be submitted to the qualified electbrs of said City
for their ratification or rejection, the proposition of borrowing ~orty Thousand
($~0,000.00) Dollars, and issuing general negotiable coupon bonds of said City there-
for, for a strictly municipal purpose, to-wit: the construction of a City H~ll on
property now owned by the City, which bonds shall be in denominations of Pive Hundred
~$B00.00) Dollars each, shall be numbered from one Il) to Eighty ~80), shall bear inter-
est at the rate not to exceed six per cent /6%) per annum, pay~able semi-annually,
shall be payable, both orincioal and interest, at the office of the Treasurer of said
City, ~.r a~t:the~flecat agenCy~e~,$he~'~State of Washington in New ~ork City, at the o'o-
tion of the holder, shall bear date of their issue, and sha±l mature in the order of
their numbers as follows:
Three Thousand ($3,000.00) Dollars six years after date, and a like amount
annually therSafter until all o.~' said bonds are paid.
Sec. 2. Said election shall be co'~ducted by ballot ~nd the ballot used shall
be in substantially the following form:
OFPICIAL BALLOT FOR SPECIAL BOND ELE~TION
FOR BUILDING A CITY HALL, HELD IN THE CITY
OF BREi,~ERTON ON OCTOBER 7, 1919.
INSTRUCTION TO VOTERS:
Ev,~ry voter desiring to vote in favor of the proposition below stated, shall
strike out the w~rds "Bonds, No," so that the remaining portion of said ballot shall
express his vote on said proposition.
Every voter desiring to vote against the proposition below stated shall strike
'out the words "Bonds, Yes," so that the remaining portion of his ballot shall express
his vote on said proposition.
Shall the City of Bremerton, Washington, for the
purpose of constructing a City Hall, borrow Forty-
thousand ($40,000.00) Dollars and issue its Gen-
eral Negotiable Coupon Scrods therefor?
Bonds - Yes.
Bonds - No.
Sec. 5. If three-fifths of the legal ballots cast at said election on said
question be in favor of borrowing the money and issuing the bonds, then the City Cou~-
oil shall provide for the issuance, sale, date, form, delivery, and other details of
said bonds and shall be deemed authorized to borrow said money and issue said bonds.
Sec. 4. Notice of election shall be i~ubl'is~ed in the Bremerton News, a news-
paper published and of general circulation in said City, which newspaper 'is the offi-
cial newspaper of said City, and which notice shall be published 15 tdnsecutive issues
of said, paper, the last of which publicatipn shall be prior to said election day, and
further notice of said election in substantially the same form as the published notice
of election shall be given by posting said notices in three[Z) of the most public places
in each voting precinct, one of which places shall be the polling place therein, which
notice shall be so posted at least fifteen (15) days prior to the said election day
and the City Clerk is hereby authorized and directed to cost such notk~es or cause
same to be posted.
Sec. 8. The polls at ssi d electionshall be open at eight o'clock ~. ~l., and
remain open until eight o'clock P. i,[. of said election day, at which time the po~ls
will close and the notices of election shall specify the polling place in the several
voting precincts.
Sec. ?. in the event said bonds shall be issued, there shall be levied during
the year 1919, and annually therea-~'ter, ata× upon all the taxable property in said
City sufficient to pay the interest on all of said bonds as the ~a~e falls due, and
in the year 192~ and annually thereafter, there shall be levied a further tax u~on all
the taxable property in said City in a sum sufficient to ~edeen said bond~as the
same fall due, and such taxes as collected shall be paid into a special fund hereby
0RDINANOE NO. 6~100N~, .,
created and known as the "1~'19 Oi~y ~11 Bonds Fund" and no portion of the monies
in said fund sha~l be used for any other purpose than the payment of the principal
and interest on said bonds. .~
~ec. 7. This Ordinance shall be published in the city official newspaper and
shall take effect five days from and after the date of its passage, approval and
publication.
Passed by the City Coumcil of the ~ity of Bremerton~ and approved by me this
~th ~ay of August, A. D. l~l~.
Attest' M, E. Giles (signed)
' Mayo r
E.J. C
~ all ~si~n~d)
City Clerk.
1920, together with the face value of said "I-;~[PROVEI~fENTS AND BETTER~NTS WATER PUND,