HomeMy WebLinkAbout692 RESOLUTION NO.
A RESOLUTION of the City Commission of the City of Bremerton,
Washington, employing counsel for certain services in con-
nection with the issuance of water and sewer revenue bonds
of the city.
WHEREAS, the City of Bremerton has authorized the construction and
installation of certain improvements to its sewage disposal system and
is contemplating the construction and installation of certain other
additions and improvements to said system; and
WHEREAS, in order to provide funds for the payment of part of the
cost of such additions and improvements, it is deemed necessary and ad-
visable that said system be combined with and made a part of the water-
works utility of the city and that the city issue and sell its water
and sewer revenue bonds in the principal sum of from $500,000 to
$650,000; and
WHEREAS, it is further deemed necessary and advisable that the
city retain bond counsel experienced in such matters to draw all the
resolutions, notices, ordinances, and other documents necessary for the
issuance and sale of said bonds and to ~ive their opinion as to the
valiSity thereof at the time of their ssle;
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City
of Bremerton, Washington, as follows:
Section 1. That Preston, Thorgrimson & Horowitz, attorneys at law
of Seattle, Washington, be and they are hereby retained to perform the
services above set forth, and as compensation therefor the city agrees
to pay them the sum of from $1350 to $1500, said fee to be finally fixed
by the total principal amount of the bonds that are issued. In addition
thereto, the city further agrees to reimburse said counsel for all
out-of-pocket expenses which they may incur in the performance of said
services, and to furnish them at their office in Seattle, Washington,
with a complete certified transcript of all proceedings taken in the
matter of the issuance of said bonds.
PASSED by the City Cemmission of the City of Bremerton, Washington,
approve~ by its Mayor this /~'~'~'~'~'~'~'~'~'~ day of June, 1949.
CITY ~F Bt~I~RTON, WASHIngTON
ATTE ST:
City Clerk