HomeMy WebLinkAbout01796RT HF 3-18-57 6 •
LJr1
ORDINANCE NO. /' L
AN ORDIITAlIC17 of t:he Cite of Port Townsend,
Washington, amendinC. Section 1 of Ordinance
No. 1330, pas -led and approved March 5, 1957.
BE IT ORDAINED by the Council of the City of Port -
Townsend, Washington, as follow.,,:
Section 1. Section 1 of Ordinance Ile. 1330 of the city,
passed and approved march 5, 111157, is hereby amended to read as
follow~:
Section 1. The following words have the meanings here-
after sew o-r�h unless the context clearly indicates that
another meaning is intended:
(a) The word "System" shall mean the water system of
the city as added to, improved and extended out of the
proceeds of the sale of the bonds authorized herein and
as the same may be otherwise and later added to, improved
and extended for as long aG any of said bonds arc out-
standing; provided, however, that said word "System" shall
not include that part- of the eater supply and distribution
system of the city leaned to Crown Zellcrbach Corporation
under date of March 15, 1056.
(b) The tsord "Bonds" -,hall mean the water revenue
bonds of the city issued pursuant; to and for the purposes
provided in this ordinance.
(c) Wherever the words "Water Revenue Fund" are used
in this ordinance to define a. specific fund of the city,
the same shall mean the "Olympic Gravity Water Fund" of
the city heretofore created.
Section 2. This ordinance shall become effective five days
from and after its passage; approval and publication as required by
law.
INTRODUCED AND READ FOR THE FIRST TIME at a regular
meeting of the City Council held on March 10, 1957.
INTRODUCED AND READ FOR THE SECOND AND THIRD TII+IES, PASSED