HomeMy WebLinkAbout0518 by the City ,of Bremerton by cond~nmation oz' purchase of a wate~ Works plant
and witnou~ its ~orporate li:~its f3r'the purpose cz furnishing said city and the in~:
habitan~s thereof and any 3ther persons with an ample supply of water for all uses ·
and purposes, public and private, including water power and other power derived
therefrom, declaring ~he estimated cost ~hereof as near as m~ be creating a spec-
ial fund f~r the sole purpose'.'~f defraying the cost of acq~irlng'sueh plant, pro-
'~iding for the issuance aud sale ~f bonds i~.yable onl~ o~t o.'f such speci~! fund,
' . ''-~ ~' s~,~d city for r~?tification ~r
and submitt.i_n~ th~ same to t]~e ,-u,-.tified vo,,~.rs o
rejection at a special ele~':tion ~o be held in said city on =mgust 5rd.'1915.
The City Co~u~cil go ordain as follows:
Sec. 1. That the (:ity 37 ~:reme~ton hereby ~,~ecifies and .'adopt~ the follj
~ing system or plan for tl~a ~mquisition by said city of a water ~.~orks p!'ut '.',,ithi~
~iand withmgtl~; its corporate l~.~its, fac the purpose of furnishing said cii;y and the
'~inhabitant~. thereof; and anj'other, persons,~ '::ith~ an amnle~ suo,~Iy., of wa~er, i':,r ?~11 ,
~uses and ~..n~rPoses, ~mb!ic ~tnd .¥rivata, tncluain:~ water power ~d other-pow,,r derived
~harefrom, and hereby declares th'e estimated cost thereof as near as may be, ~o be
::~: That tl~e '2it~.. of 7remerton acqui~'e by conde~m~tlon or puroh~me the whole
~i~'~tire and complete ,.~t,~z' ':'orks plant wi~;~in ~tnd v,~ithont i t~: co~.por~:~t~
:!~hich now m~,~olies ~:;.~id city ~nd N~e 'Jify of ;harle~;ton and the ~get [~ound Navy
~:~ard and othor ~ersons living adjacent; the~reto, with water, including all the pro-
~:~<~erty.,~ real, ,~ersonal ar mixed, :and all franchise rib:htr: and ~rivileges of any
2~'every~aature (vhatsoever constituting or being a part-of such plant or apm;rtenant
'ith~ret.o, the s~:~ b~in~ ~o:'/ owned and operated by tl~e Garrison-Fi~-~her 3or. rpany, a
q: ~.C or po r~ tio :'~ ·
~;~:~i-:~/~ ' se of defraying the cost of acquiring said water
;%~:? Sec. 2. i, or the mu'po
- .... ~, '~' ' ~,' 1" "*" ted in t;}to oi~y treasury a Sl)a~lal fund to be know~
~:~or]cs plant tne.~. ~,, n ek,. ~..a ~.tnd bonds in the sum 0f ,,?~5,000, or so ::mob
~{:~as "Bz.'amerton ',h. tter Works Pund", ''" ~'"'~
::~.~as may be necessary t.3 acquire said ~lant, shrill be is'sued and sold, wl~ich fu:.id
~bonds and tke intere['.t thee'eon shall be payable only ont of said special fund;
.: shall bear intnrest hot o:<ceeding 6;<I per annum, '3ayab!e semi-a2nually and shall
: mature serially in t}~e .order .~f their ntmfl~ers, lo%ve~:t numbers first, approximutely
,of ami of ~:a~_d 'bonds
, ~,nall mature 2 yrs, after date thereof.
~: 5~ " " " "' " " " 10 " " " "
6' " " " " " " " 12 " " " "
:~ " " " " " " 1~ "
: ;: 6' " " " " " " " 15 " " ".
7 " " " " " " " 19 " " " "
7 " " " " " " " 20 " " " "
:;',~ If the ,~roDtlsiti,3~ submitted by this ordinance be ratified at s~id elec-j
::~ion~, the council s}u%!! 2rovidn for thc r,Drm a. nd details .of ~u~:h bonds, and shall
~ell the sase in .~]t :m~nn,er a~: they ~eem for t.:, best interests ag sa~d ~:,i. ty;
Said b3nds sh~!l be payable both ~rincipal and inter~:~t at the 3ffice ~? t..,,. ~,Lt3.
~reasurer or at tl~e state fiscal aEency in New York ....... "ity .~t the~ o:~t=_.~z ~;e, the
:j:chaser. ,
~. Sec. Z. T~e City of Bremerton to secure and provide for tho .p~,ymen.t .~f
:?~the interest on s~id. boud:'., hereby obligates an:'t binds itself to '.:~"~t~.:~,:~,~::~ t~:~ .~,...
:~'!nt~ sai(~ s,oec~:~~ .e~md fr)m t]'~ ~'~"~ ,
. . ............ revenues of saLd plant ~er~a~n~fixed
:~en certain fixed date~: aa 'follows,
On or beeore t~e las~ day of each and every calendar month beginnim~ ;~
?~'~he month iu which such bon,~ aJra ,]n.~e,~, a ~tr,~ equal' f;o one-twelfth of ~he in{ez;e's~
' l'~sn all o' ,said bonds o~tstanding and unpaid, and :~aid city to secure and ~rovide
'~.~for the na.~.~en,~ of thn jrinc~oai of ,-~aid l~,3m~s hereb~ obligates and 'bines~itself
~et astd~ [tnd cay into Said s~eoial fund '~,, t},r .... .,t ..; :~.~v,,,,,t~,. ~f ~,.,.~,~ ~,~,~. ,~
;~ain ~z:~ed amounts on eer~a, zn ffixed-da~es, as followS:,~'6~ or b~ore th~ l~st da~,
~"~he, ~welff~h calendar, m~nth after the date of ~aid'b~nds, ~.~n(] ,~ or be:
~ ~ Ou{s~anding,~. ~ and unpaia, an rua~m'~ equal to one-twelfth of the ~r~nc~pa~. ~mo~n~ of
()::~°nds next maturing; and it is hereby declared th~-~t a~t.s city ~'u~.d its co'm?~u
cre~t~n~ said sn~cial fund ~u~d in bindin,~ and obligatin~ sai<~ cat~' to set aside[
. · Y. o-,~ ~.~a ~a~t~-~n ~ixed -~"~m~t~ -~t certain fi~}e~ dates as a'~oreaaid,
[([have found that ho part or proportion of the term'roes of said plant ha: TM ~e~
[/[~:Viously ~ledged as a fund for any other indebtedness, a.m~ have n,~t Lc,ebb.
bound said ~ity t.o set aside into said $pecia! Cund a f~reatar au~unt of t~e
~a:~enues and or.~fita ~ said plant than in their judgment wail be available over
above suo~l cost of maintenance and operation.
Sec..i. Tlmt a specie) election be held in ~aid city on Au~Ist 3rd, 19~S,
which election there shall be sllbmitted to the oualified voters )f ~aJd city
tiffioatioii or rejection t]ie proposition set for, t~ in ;sec. 1 of this ordini~nce.
lice of said ~le~tioll shall be pub!l?~ed in tl~e city oi'f'ioi~tl newspaper anit
1 in .the i'or~.~ and maimer ~orescrit,ed ny law.. l,,verv voter at said ele~]tion Reciting'
v°~s in favor of s:u. id proposition, ~hall vo':e a bal!~t containing t].e {ollowinq
ement thereof: ~ ~
erton for acquiring by condemnation or purchase, a water works plunt within arid w~th-
~ut its .corporate li;:iits for tho 9urpone 0?7 fv, rnishin~ said city and the inhabital~ts
~ereoi' and any other persons with ..tn ample sup':~ly. __~c water for all u;ns :hid ~urpoue:.
and private, inc!udin[~ water power and other power derived therefrom, at
'Ssti.'aated cost o:r,,,,"~°B,O00~.. , ~nd t:,e. i~:uanco and sale of bond~ in an amol'm~ not
g said estimated cost, bear::~g :::retest at a rate not exceed:ha ~>,::.~ per a~nur~,
~ayable semi-annually, mnturing serially in fire i ~.wo to twenty years from date
: , pa:fable at the, of:face of tJ~:~ city ~reasurer or ~t t]:e State fi~:c~:.l agency in
~,v York City u.'t tn,~ option of the pi;re.baser, an:t payah!e oily out oia speci~l
~ to'whlci~ funJ ,~id city bindo and obligates itself ~o set a~id~, and n;~' from
~ross revenues of said ,plan~ certain Yi~,:ed a:.tmmts at certa~.n fixed date~;, sufflc~en~
'cay the ~rim~i.~al and internist of said bon~s a~ tn., same mature and beco~ pay~
; all at set forth in ordinance No, 518 of said city.
Every water at said election who desires' to yarn against sa. id 'groposti.~n
:Shall vote ?. ballot containing the followi~'~,T statement tkereof:
~.I~I[T,':T the symtem 0r 'plan ~pecified and adop~ed by ~he city of Bremert. Qr
a~qulrinq_ ~i ~ ~t~d ~;~]'~' ''~' '~np~,;~]~j~s~''~ ,~ works pi ant. wi'thin and
~:roorate m 'p i said cfty :.md ~h? inhabitant:,
es, public ~nd priv~t~, including uat,:~r power ~nd other power deriv~d tharefro~q',
an erti:~ted cast of '.,~,22r>,ooo, m~a the issuance and sale .~f bandy, in an
s:'3~edi't't.; :¢ai,:~ asti:'mte~ cost, baa. ring interest at a rate bat e:rceedin;r 6'7:', ce9
pttyable semi-annually, natnrin..; serially in fro'. two to twenty years from
~:le ~'..8reoff, payable at the office o.[' the city treasurer or at bhe Stat~ finical
y in New ~ork City at the option of the purchaser, and..osyabl'".. ably out ..._-,~' a
ial :fund, _fnto which Tund said cit? binds and obl~bateo itself to set aside
from the ,?sss r~venues of naiJ plant terror, in fi>:efl amounts at cortaf-~ fixed '
sufficient t;o ~ay t:lu~-qrinoigal ~t!ld interest o:s said bonds ac the same
'become 9ayable; all as se% forth in ordinance '~
~.,o. 518 of said city.
°eo. 5. In the event said water works system and plant be acquired by
ci.t~'~ It. o~.~.~'~-~3~; be operated, conducted and m~intained., by ~,ai,~ citer..., . i-id ~f, id c. ty
have ~_ 'p~wor ~o re~tlate and .:ontrol the use, distribution and iu'ica o-':'
1 water furnished t}~erq,~'~,.r, to i,i~dce addit'.)ns and botteri.ients thereto or extensions
iereof, and to protect, snail water supply',from pollution, all pursllant to ?~nd in
~Ompliance ;~'ith the laws of the State of TMshington tne,.eto relating.
Scs. 6. !n th~ event sa~id proposition hereby submitted be ratified and
aid oily ism,e al_. ran,, ',)'art ~z ,~aid special fund bonds for the parpo~,e .f
ds ~o acquire sale'lan%, then~'all such Lon~,s .so isoued ohall be a fi[st, ~orio
direct lien agains% the gross rewmues of said 91ant, and said city nereb[~
covenants and 'agrees with the holder of each and every of sucl~ bonds
Sued that th~ !:~en ~f any future or ~ther indebtedns~:s which may be created and ~
payable ~ut if tke revenue:: of such plant sl~a].l be subordinate, inferior anQl {
r to t~e lien of such bonds,
~ 2e~:~ ? In the e~ent said bonds or .tn~ port~n th~'~f !~e ~r~sued,
smerton hereby irrevo~:ably binds and obli~p:ztes itself hot 9o~sell , lease or
'manner dispose of sai,J plant or ~my additions .~r extensions that may be made
fete until a~ll of said bonds so issued with ?%tersest thereon ~h[~ll ]~ave been
d, without ~he oo~'lsont of the holders 3:[' such bonds; and ~he Ci'ty o~i
t} ...... covenants ann aorees vit}t thc holaor or !'.olde..s of ,~ach gna eaorj of
that i~ will maintain In .coed condition and apostate said plant; their it :,,'J.l~
~ot reduce the rates ~r ohai-ges for water sothat +;~.e.. or3,~ ~,~s revenues If ~:ai_d
1 be i~B~ffioien~ to ::t,?~!ntain and operat~sa~d p]ant,re.c,' .... ,o ma;c~, t~'.s
to s~ici'Saecia! fund z;s ::Core, said; arid tlx-'~t if al; ~my tL~e ..... tne~ o~-'~ .... ..... r~.,-~n~,~
.~ olan~..,J:that it wil, t'increase its rates and charges to s~ch :~ fi~lre as will
~the -cevenues from m~c'h plant s~:.ffi~ient; l;o maint~'~in ~'td ope~-at:e such plant m~d mak~
such pay~nen~a,
Sec. 8. This o~-dinance sh2].t be of full force and ef-~ec~t from :five days
'~:;aftor i~s ~)assa.':e, ~gpi"o,,~:x~ and pul~].ication.
i~assod t)y tht~ :oit0,"" ",,~mcil ~nd ap ~r,oxtod by me this 2flth day of' June, 191~