HomeMy WebLinkAbout0498 0RDI~..fANCE NO, ~9~.
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,~ 01LDIN~:2{C,E proposing to the voters of the City of Bremerton th~at the
City of Br~rton purchase of the Bz'emerton-Oharleston Li,~h~o ., & Yuel Common,ny
the existing ~ectric light and po~er system ow~ed and operated by the said
comp~y, specifying and adop~in~"plans and details of said syste:u, and for
the ,aakin. o._ additions and improve;uen~s thereto, ~[(l dec].ar'in~ the estim-
ated oost-t~ereon as near as may be, a~n~t providing for ~.he holding of an
elsction ~t which said woters may vo~e for or against the said oropositton;
also provi¢!n.!~ for the acouisition of the ~'.t~nds, buildi~]gs, mgchinergJ, ri~rhts,
rights of way, easments, privileges and properti~s necessa, ry or convenient
for or to the owning oI' s~id system, or the construction of' sua:}~ improvements
and ~dditions thereto, and for the fu~mishim~ of electric li~rht and power to
others th'an the ~" ~,~,,,r~ of
~l~Y f Bremerton and its inhabitants~¢ in ca. se the vo"~ ~*
said City voting at said special election shall consent thereto, and provid-
ing for the payment therefor in o~rt by the issuance of ten (10) to twenty
fl0) yeaz' bonds of said City ;:~.rtd-in part by the issuance of soecial ~tility
fund warrants or bonds, ~yable only out of ~ fund to be established f;or the
pay~aent of the same by setting a~ide therefor a fi~ed oroportion ]:~' tim ,:'7oss
revenue derived by said City from the electr_~c lighting and power system ~o
to iCe owned and controlled by sa~d 0ity ~til the payment ther~,,of shall have
,d~ ....... ~,~: The City of ~remerton, a municipal corporation of the third
class, i~.as proposed, a~d do~s )ropose, to toro,ha, se the electric, light ~znd
po:,ver system at pre~ent owned, controlled and ooerated by the Bremerton, Ohar-
les ton Li;rht ~ Fuel[ "'
~onfany a priwtte corporation, for the supplying of
sai~ ;:it; and its inh~bitants, ~tnd ?or the su?plyin.~: of ~he inhabitants of
the vicinity thereof, includin,~ the Village of I...~anette, the City .~f Charles-
tot~, the City of i~ort Orchard and others with electric li~rht and power;
a'nd '
,.,:~-r',~'m,~,.~,,,~: The said "'~Ity- in not now the owner _,*f and fs without any
electric lighting system or ~ffeneratin~r plant except that ~i~ioh is provided
by the sa~cl Br~erton-Charleston %i~h~ S: Fuel Company, amd may be required
to purchase power f~'om tf::'~e to time for the operation o? said !if*hr
po,ve~ :?~.~tem fi.rom third oersons and corporations, when it ,~ha_l~ '] ha~e become
the purchaser and owner o.,. said electric lig.ht ant1 power syst:em; and
,'4fz:~s~,~: Said City s without present means of supplying such system
¢uc~t ,~eneratin~.; plant e;(oept by burdenin~'r its oitizen~ with exces~ ire
iii!E~tA~: I~ h~s been practically determined that an adeeuate gen-
er'.ttiagplant to su~p~y s~,~.d City ~nd ~:',aid system with, as estimated as
seven !'nmd~ed [700~ ~orse power, can be purchased of th~ said Br,-~merton-
Charleston Liffht & Puel Company, together with such improvements ,,nd additions
thereto as may be neoes~;ar,.,~,, ~nd that said plant, and system can be purchased,
construct;ed and furnilshed with all the necessary lands, right;s, rights
xwty, easements, power houses, pole lines zaud maohiner? at a cost of about
One Hundred Ten ~housand [~ll0,000.00) Dollars; and
,' ..... ,,:~.o: The,,~rice at wl~i. ch the sa~_d .s,,,. ..... tern ~; offer:ed ;o the
City of ~reme-~'ton by he ~;aid Bremert;on-Ohaz'leston Li?ht & ~hlel"
gether wi h the improveme~'tts and additions contemplated thereto, is for the
best interests am1 economy of said City and its inhabitants; and
. .,z,..:~.~z~: The cash revenue derived fr'om said 3ity from said eleo[;rio
.li:]ht and power systehl ~:~ the curreat rates charged therefor, ~are consider~
ed sufficient to ~y all e:~penses of operation and ~m intenance, including
said improvements and additions thereto, and to further allow to be set
a~ide ,therefrom into a ~pecial fund a sum seni-annually sufficieut flor the
payment of the cost o:f s~tid system together wz. tt~. s.-~,id improt'ements and
additions within twenty [20) years; and
',iIi[L:EA5: It is ~ecessaz:y ~ ~ '- .~
~o.. ~h~. public interests that sai~ electric
light and power system, to~ethuz"~ with' said improvements and a~ditious thereto,
be ['3rtm.~th ~cqui~ed, purchased a%nd m~de by the aa d City of B~'e:~erton;
pur,, ~..e pz'ice of said electric light and po wet syst¢~m
a,~ :~greed upon i~ the scm of ,j47,500.00, subject to a mortgage of ,,,o~,M00.00
making a total of ;j~ll0,000.00; and ' '
,~[.,ztz .... ,: It is deemed necess~r~.r tt'iftt the plans and details-of said
Drooosed. ,.~< .... .~em, improvements and a&ditions t,o said electric light and 9ower
system of staid Bremerton-dharleston Light & ~'uel Company so to be tn~rchased,
acquired and made by the c~id CiSy of Bremerton, be adopted and ratified
by the voters of s~i; City vot;in¢_; theron ~ a special election frior to
the makinf; of th~ e:~0enditures co~utemplated;
.T( .... , _.. ....~.,.:,:.: The City Council .~ the Cityo: ¢~remez't~n do ordain
o [[lows:
~ection 1. That the Hayor aud City Couucil of tho C~ty of Bre,nerton
Jzarsby depose and submit to tha voz'ers of said City '~or theft ratifivatio'n
or rejection by a majority consistin;3 of three-fifths /Z/5) of the voters
votimr at ~t s,)ecial election to 10e held in said :lity of TM
' ,ze,.terton on the
26th day ~f L,a~- , 1914. The proposition that the City of 'Brenterton
acquire b7 purchase t]mt certain electric-ligtzt and power system.,nour owned
operated .and cont;rolled by the 2~"em, & ~el
in t.!~;~ (]?.tie~, o¢ o:'e;~erton, Charle~ a~dI the Village of
O~INAN~E N~.'~ 498 [Co~t 'd)~,~
Manette and vicinity, all of u~hich is ~e~ folrtk ~'u'~d detail:ed in Section 2A~;o
of th~s Crdinance, to ~he e~,~ist~ electric ii?~ht a~]d cower system so o~vne~,
the manner further hereinafter set forth.
Section 2. That the plan ~nd details of said proposed ~l'~ctric light and
po;vet system, together with the improvements and a,].ditions ~:o sa~d e]ec~;ric
and p~wer ~y~tem. are hereby speci~'fied and adopted, and t}~e estimated cost, a~ ~ear
as may he, is hereby de~:lared a~ follows, to-wit:
It is prooosed_ t~.a~ the C~.ty of Bremerton purokase of t~,e ~:emerton-Oharles~3~.
Lz~;'nt & Puel Company, ~,t and fo~' the price or sum of One I~undred Tern Thous¢~nd
(~10,000.00) Dollars, its entire ~)tant, electric lt~htin~; sCstem~d pro.perry
as now constructed, owns(],, controlled and operated "in the Cities of ~'e
Charleston, Port Orchard m~d Village of [[anette, an[ in the violnity of e~%ch and
all of them, together with al! necessary lands,, buildings, rSgh[S, ri(Tht;sof way,
easemez-~s, privilege;es, machinery, tools ~nd equipment, and all other property
n~:~cessary and convenient, and that i~; own, control, oper~te and maintain said
electric system, electric generating; plant, machinery, tools, equipment and other
property as hereinabove set forth, together with such improvements and a~ditions
thereto as ~¢~ay be necessaFy and convenient for the working capacity of seven hun-
dred [700) electric horse ,power ar the low tension side of the t~ansformers in
stations and sub-stations so to be purchased or constructed, or to be constructed,
and to be operated by steam power to ~e fnrnlshed"by..said City of Brem~rton at
said plant or station, as now constructed, owned,, controlled and operczted by said
Br~merton-Char!eston ~ight &. Puc,1 Company, and such. improvements and additions
thereto as ~y be ~de thereto from ti;~e to ~i:~e by said City, together with a
sufficient power house wherein islocated and to be located, sufficient generating
~nchines, also sufficient pole.and wire lines wi th the necessary and Sufficient
distributing stations located on the lands to'be ~)urchased and owned by the uity"
of Bremerton, supplied and to be supplied with all the necessary machinery; also all
necessary lands, rights of way, easements, privileges, buildings, shops and other
appurtenanSes necessary, desirable and sufficient to the perpet~ml ownership, use,
¢nlargemen~s, control and operation of said electric ligh[ and power system, and an~
. and all extensions, improvements and additions thereto, the same to include any
and all rights and privileges acquired from the Elwah Power Company.
It is proposed that the said City of Bremerton further ~Ovide for the p~chase
of said electric light and power system andother.property-so.,owned, controlled, and
~.' operated by s~d Bremerton-Charieston Light & Puel 8ompany, by the issuance of Thirt
Thousand [~ZO,000,00) Dollars of' its negotiable bonds'.; as a general indebtedness
'~. against said City, ~yabl¢ on or before twenty [20) yeatsl,.bearzno' ~ interest at the
rate of not exceeding six per cent [6[~) per ann~, and that.a levy of an annual
ta[ be authorized f.~r the purpose of providing a sinking'f~md ,sufficient to pay '
the semi-anuual inter~st adcr~zing there.~n, and to provide for the paymsnt of sa~d
bonds, in a sum of no~ less than Pifteen it~dred [$1, 500 ,100 ) Dollars per
Also by the issuance of its first series of special ilectric light and power
fund warrants or bonds, payable out of the reven~]e of said system in the s~m~ of
Ei~ht,.~ ~, Thousand (4¢80,000.00) Dollars, bearing interest at the rate of hot to
excred se~zen per cent [V¢) per ann~, the same to be a first lien on ~m. id revenue,
Of whiah Sixty-two Tho]~sand Ply tfun.dred [62,500.00) Dollars shall be held or
~old and used :for the payment or retirement of the mortgage and bonds now encumber-
sai~ plant or system, and at least Seventeen Thousand Pive H~dred [$1V,500.00)
of whicl~ shall bear interest at the rate of si~[ per cent (6;~) per ann~,
helivered to t~e said Bremerton-Charleston Light & ~uel Company as lmrt ~y-
ment for said system, and that a sinkin(; fund be created from the g~:'oss revenues
of ~azd. sCstem_ sucficlent.~ to, ~a,y not' less than .~¢enty-z~'ive Hundr. e~ (9~.¢-%°~0b.00)
~oltars semi annually upon the. ~rtnci al of sazd indebtedn .... ,:,
,, ...... . P . ecs .~f ~mght _ho~.sand
($80,000.00) DoLLars, together with the interes~ accruing thereon.
Section [~,' The price at which the said plant, system and propert), to~reti~er
with and including the estimated ~st of said ~provements, additions and e;~ten-
sions which ~e necessary to said electric li.~ht and power system, with the lands
re~hts and privileges neces,~.;ary thereto a~ aforesaid, is ~o be purchased ~s 'the '
s~ of One Hundred Ten Thous~nd (~110,000,~0) Dollars,
oe~,~ion 4 That a special election shall be held on Tuesday the 26th d~t;z of
,I',[ay A. D. 1914~ in the C~ty of Bz'emerton, and in the sever~l election precincts
ln~o which the same is divided for th pu~:'pose of voting thereat, by the vo~ers in
said City ipon the proposition submitted to them in and by virtue fo the trovisions
0f this ordinance. Said ~lection shall be held at ~-mch voting places in said sev-
~eral precincts and shall be conducted by such ins[~eotors and judges of election as
may ~e respectively designated a~]d appointed for holding and conducting the stone
In accordance with the ordinates of the City o¢ Bremerton and the Laws ;f the,
State of ;.~ashington, The City Clerk shall give ~:t leas~ ten ~10) days notice ~f
~ime, plaae and purpose of said election in the official newspaper of the said
tO-wit: the Bremerton Searchlight, by publ-ishing in each issue of said paper duri~
~id' time, a prepared notice of such election, which.notice shall include the pro-
ition hereby required to be submitted to the voters, and the forms of the ballo~
cast for and against such proposition to be as preset%bed in this Ordinance.
Section 5, The proposition submitted to the voters of the City of Bremerton
'virtue of the provisions of th~8 Ordinance shall be voted upon in the
foll~
ORBIN~INOE NO, .498..' (Oont'cll
Every voter electing tO vote in fa$or of said proposition that the City
of ~remerton make said purchaseof the existing electric liEht and power sys-~
tern, togetherwith the other property owned and control.led b'Y~Said ~romerton-
Charleston Ligkt & Puel Comps. ny, and provide for the making o'f 'such improve~
ments, additions and extensions thereto as may be necessary ~r convenient
in the manner herein provided, and ~hat said City of Bremerton become indebted
in the sum'of T~lirty Thousand. .~f~50,O00,OO).~ Dollars. and shall i~sue its gen.
eral bonds therefor .in the Sum ~f Thirty Thousan (~ZO,O00.O0) Dollars in pay-
sent of part blithe purbhase orice of the existi~g e&ectric light a,~d power
system., and the property and rights of ti~e V~remerton- Charleston Li~:'~t ~%
Fuel ,Company; ~nd th:it it shall also issue.its special electr~ Ligh~ and
power fun6 warrants 0r bonds~ payable out of the 'revehues of said system,
the stun of Eighty Thousand (~80,000;00) Dallars to i~Y the balance of the pur-
chase price of said electric light a~d pJwer system, shall vote a ballot
'cont~ining the worded: .
"In favor of tke proposition aa et fo~,tk in detail in O~dinan~s" .~
of the City of Bremerton t~mt the City of Btle~aerton purchase the
elootric li~':ht and power sysuem and the lro.perty and i'i~ht~ o;' the
erton-Charleston Light & Fuel. ]ompany, at and for the s~un of One ~[~ndred
Ten..Thous~md (~llO.O00.O0) Dollars; and become indebted in the sum of
Thirty ~housand (9.~0,000.00) 9ollars., and issue ~ts general bonds for
the paynient of s part of the mi-chase price thereof, aud that ~t stiall
further i~';s'~ie its m) oiai electric ii;.rilt ,and cower ?und wai'rants 3r
b:~tids, payable out of the revenues )f said sy?~tem in the slim o~ ~'
.... ~ :Th t y
Thoussnd (080,~00.00) Dollars, to pay ~fsr ~dle balance of tile puz-onas' e
p~;ice 37 said electric light and povzer s;~stem of the Bremerton-Charlse
ton Lig2~t & ?uel Com,)any."
Every vote~'~ vot_nu' ~ ? .~oainst~:~ ' s.~a,id'~ p~mposition last above specified
shall vote a ballot bontaining 'the words:
~.~.ai~ as set ~in O e
.itj become {ndebted in th~ o
a~' '-'"' le ~ Thirty
,,.~e rzon, that the said """ · ....
Thousand /9,ou,O00.O0) Dollars in payment of part of the purchase price
or_ the ex'istinl~ !~].ectr~e ]'~uh~ and power .s~'atem.. , and the '[~-operty
ri~rhts...~l' t.]ie ...... -M.e,~:ert.~n-Oharleston Light [~ Puc! Conlpany., :,nd t' at it
shall furt?:er issue its special electric light and power fund warrants
o~ '1bonds, paykble out of 'the revenue ~f the said system., in the sum of
EightynThousand (~80,000.00) Dslla..rs .to pay the Baldrics.of the purcRase
price of said electric ].ii%hr and power system ~ the si$~ Bremerton$
Charleston Li/dft & Puel Company."
Said ,~ropo~ition. s'_s}.all'be print, ed. upon a ballot to be t~o~'ided for
said special election, and opposite ~tle, righ~.of, each ;~roposition
there shall be printed a blank sc :;~e-ha%f [~-) o{ an inch ~ size
within which the voter shall si g wi~h a cross { X } whether
he vote:'~ for or against ..he proposition submitted.
oection 6. If at said sp~ci,~i election to be held as provided for in
this Ordinance, a majority of-three fifths {3/55 of th~ voters in said Oity
$oting at said election and upon said proposition, shall vote in favor of
the propositi.~n :m se~ forth and detailed in this Ordinance, for the purchase
of ~,aid electric light and power system of the Bremerton-Charleston Light
Fueloompany~ ~ , and that ~he said .City of Bremerton becoming indebted in the
stm~ of Thirty Thottsand [~0,000,00) Dollars for the payment of a part of the
purchase price of the electric light and :ower system, and other property
of the said Bremerton-Oharle~:ton Light g Fuel Oompany, and issue its negot-
iable bonds therefor, and that it slm.]..1 further Lssue its special electric
tight illd power 'fund warrants or bonds, payable out of the revenues o.f said
ava .... ~ in tl~e mnn of Eighttr Thousand (;[~0,000.00) Dollars, a;. set forth in
the :fo.:coition a,s detailed and sat out in this Ordinance, thereupon said
proo..0siti~n, shall 'be ;;~nd'become adopted b,..., said City;. but othwise sitid orooo-
siti. on al'tall not bo ado>~te,.~, ami said bond indebtedness s~a!l not be created
and t}~is O.~'dinance skall be t]:ence::ortn bull and void.
Section 7. If th., ,proposition for the purchase of said electric !i~ht
and power s?2[;et]l and JJo~1' the issuance of t:]:e warrants .~r bonds herein provided
for, shall be adopted at said e]ecti',n_ , the ~fayor and Ci. ty Attorney off tl!e
City of Br~erton shall take such procoediags as may be neaet~sary or proper
to acouire said system and property, rights, rights of way, easement~ and
provisions, to secure title thereto, and all coot.::,a ° dist0u.rs, ements and the
purchase price t:.eieof made cz' ex~ended therein, or in relation thereto, nmy
be .paid out of the current expense or indebtedne:'s fund of said City and said
special electric light and power fund warrants or bonds m:,y be delivered to
tl~e vendors of said system and n~'operty in pa~nnent thereof,as said vendors
may elect; said ve~'tdor~ to protect and save said City ~armles~ upon said
gago incmubrance of ~ixty-two Thousand ~ive ![undred [.,,~62,5 0,00) Dollar=
now resting t ereon and eno~mtberin~ the same.
Section 8. That the first,of s~,id general bonds numerically, ~ the
amolmt of Thirty Tholwand (~50,.000,O0) Dollars, face value, or the proceeds
ants or bonds, t~:
thereof, and'of ~he t and POW
:./ ~q0~!lLi~J~ 1~0o 498 '[0ont'd~)
amount of Ei!~ht~ ~h3usand~[~0 00Q.O0) Dollars ,fa~e.,w~llie,~shall b~ used
l~ the pnrchase D~ioe of and for tile acquiring ~E~ s~iid system an pro!)srt~j~ th:~t
an~and all improvements, additions and e~,i~'ensions, and all !abo~ materials, mac]i-
lfier,~ and other appliances cf..equipment contemplates uniter and by ~i~t~e of ttiis
0r&inance and ~;he tim~ and manner of -~ ymen~ ~herefor, shs!l be ordered by-a pro-
.~per resolution, dn!y passed by said City Co~ncil of the City of Bre~er~on.
~ec~ion 9. In ~he eMent ~he ix'oposition that the C2~y..of Breme?ton shall
~edome indebted in .the s~m of Thirty Thousand (~30,000.00) Dollars and ~;o issue
ne,~otiable bond~ 'there ['or, be adopted ~y ~hree fifths (5/5) vote at said
e~ec~ion, then sixty [60) bonds of th C~ ~y of Bremer~on shall be prepared
under the direction oP ~he L~a.~or of said City, said bonds shall be of the den~m-
ination of Five~IImdred [;~500.00) Dollars each, shall be munbered ~consecu~ively
f?.m one (1)'' t? sizt.y"(~0%, ~,.oth inclusive, shall bear. intere, st at the rate of not
exceeding six.~er .Qent.~ (6~%) per annum, ~ payable semi-annu~.~llv~ ~, 'sha] 1~ . be~ ,~a',able.~ o
or before .twenty (20) years ~fter da!e, and shall in all respects comply with the
laws of the State qf Washington authorizinff ~;he i:'auance of lille bonds by munici-
pal c o. rL~o ~'a t i oils.
Said bonds shall be~Afl~ta~,~i~lly' ~' ~ "', in the follovJ'ing form:
N0 ,,)500.00
..... .~ =. ,I ...... 90',:~R SYSTEH B0~
~'~0',~:/ .iLL i.~I:[ BYT~,'~,,~:.~ ~_~,o~,~,...,::~"~""~:~ That ~he City o-f ~rem~r~on, a mtu~icipal
corporal:ion .off the ~hird class,, in ~he o~ate o~.a.s~zn~on, for value re.ceived,
~romises 'l;o~....~v~,,, ~o bearer, Five Hundred [-~500.,~'~') Dot~r2, in .Gold, Coin o:i'~ the
~,., o~ Uke .~,:,o day cE .. ~., , with i~teres~ thero~
payable : ~. -a.~n~ally on tl~e ~[irst days
o{ ,. ~ an(1 I~ ~a~ year.,,~ in like ~.Do~I.R Ooin-~'pon )resentful:ion
~0~h.~ oou)ons he~S'~o 'at~che~, ,a'~', t~LeY,Severally bec92e~hi~;./botk ~.~incipat and
/'interest p~yable at th~ ~,zscal ~,~3'ency of the State of VIashin~g~Dnj.,, in l;he qi'-y
and :"irate of ~~~ New York.
.This bond i~ one of an issue of t}~e C~y of Bremerton's ;
ele c t and pow~
system bonds issued ~ffor the purpose off,acqniring,~ purchasing, and for pay-
merit of the p~?ekase price by. said Cit'y, of th'e-present electric ii..~h~ power
tern, and other ?roper~y, of ~;he bremert;on-~harleston Lidj~t & Fue]J Co
same to be owned, control'Ped and 0pwratect by said City, all of which issue
bondn is limited to Thirty Thousand [$30,00Q.~:00) Dollars, as authorized by
inance ~o. ~ .of said 0ity, ~as~e(! by the City Oomoil thereof on ?;he
~ay of ,A. D. 1914, appr~Fed by the mayor on the day of
D. 1914,'and ra~ified by a three-fi~ths (5/5 '