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Home My WebLink About00014 Minutes (8)Minutes Section 8. That the proposition or question so submitted to the qualified voters at said election is to be voted upon in the following manner, to -wits Every qualified voter at said election electing to vote for or againat the proposition of the issuance and sale by the City of Port Townsend of #49,000.00 of its negotiable bonds for the purpose of providing funds for certain additions and betterments to, and extensions of, said city's municipal water works system an in this ordinance set forth, shall vote his (or, her)aleotion upon said question upon a ballot in the following form: "Shall the City of Part Townsend issue and sell $49,000.00 of its negotiable .interest -bearing general indebtedness coupon bonds to provide monies for.oer- tain additions andbettermenta to, and extensions of, its existing municipal water works system as specified and provided by Ordinance No. 997 of said ., oity,and particularly Section 3 ofsaid Ordinance; amid bonde-To—T0 payable beginning with the second year in such amounts (ae nearly as practicable) as will, together with interest on the outstanding bonds, be met by an equal annual tax levy over a period oftwenty-five years from the date of their issuance and to draw interest at a rate not to exceed six per sent per snaum, - interest payeble semi-annually or. annually,"., Yoe .... No ................ Any voter who desires to vote favorably on said proposition shall place an "x" in the square to the right of the word "Yea" and any voter who desires to vote against said proposition shall place_an "x" in the square to the right of the word "No." ' Section 7. If three -fifths or more of said qualified electors voting at said election as herein provided, shall vote in favor of the issuance and sale of said bondo,.then the proper officers of said city shall be, and hereby are, authorized and directed to have lithographed, engraved or printed such negotiable interact -bearing general indebtedness coupon'bonde of the City of Port Townsend in said amount of Forty-nine Thousand Dollars ($49,000.00), which bonds shall bear interest as of the date of their issuance at a rate of not to exceed six per cent per annum, payable semi-annually or annually, and shall be numbered from one -upward conseoutively. The various annual maturities of said bonds shall commence with the second year after the date of issuance of such bonds and shall (as nearly no practicable) be in such amounts as will, together with in- tereat on all outstanding bonds of said series, be met by an equal annual tax levy for -the payment of said bonds and interest, provided, however, that only bond number one of said issue shall be of a denomination oc other than a multiple of One Hundred Dollars ($100.00), and provided further, that none of said bonds shall bein a sum in excess of One Thousand Dollars (41000.00) and provided further that said bonds shall be known asp"Porn:'•Townsend General Indebtedness 1931 Water Bonds"; that within suoh.limits the bonds shall be in such amounts and the various maturities thereof shall be of such dates as the City Council shall by ordinanoe deter- mine; that the Mayor and City Clerk be, and hereby are, authorized to execute the same in the name of and un- der the corporate seal of the City of Port Townsend; that all of said semi-annual or annual paymantoroffinter-! ant shall be represented by interest couponsattachedto said bonds and made a part thereof, which interest coupons shall be signed by the Mayor and attested by the City Clerk; provided in lieu of such signing a fao- simile of the signature of the Mayor and City Clerk may be printed or engraved on said interest coupons. All of said bonds and interest and interest coupons shall be -payable in.gold coin of the United States of America, of the present standard weight and fineness ,,at the officeof the City Treasurer of the City of Port Townsend, or at the Fiscal Agency of the State of Washington in New York City, at the option of the holder. Section 8. If the qualified voters of the City of Port Townsend shall, as hereinbefore in this ordl• nance provided, authorize the issuance and sale of said bonds, said bonds shall be sold at public sale, after due notice and calls for bids for the purchase of said bonds shall have been published at least once a week for four consecutive weeks in the Port Townsend Lender, the newspaper doing the city printing, offering such bonds for sale; that the City Council of the City of,Port Townsend may give such other and further notice of the sals'of said bonds as said City Council may, by resolution, directs that the City Clerk shall, at least three weeks prior to the data fixed for the sale of said b6nda, mail to the State Finance Committee, Olympia,.. Washington, a full, true and complete copy of such notice; that notice of sale shall be in the form required by law; that the bids submitted and all proceedings had pertaining to the sale of said bonds shall be as pro- vided by law. ' Section 9. The money derived from'the sale. of said bonds shall be applied to the additions, exten- sions and betterments adopted and specified in Section 3 of this ordinance and for such purpose only. Section 10. The City Council of the City of Port Townsend shall cause to be levied from year to year during the life of the general indebtedness bonds herein proposed to be issued an annual tax levy sufficient to meet the payment of all interest on said general indebtedness bonds and' sufficient to meet the principal thareon-as the same mature, all as in this ordinance -and by law provided.. The amount of suohtaxes as colleote shall be by the City Treasurer paid into a special fund known as the "Port Townsend General Indebtedness 1931 Water Bond and Interest Fund".and no part of•suoh fund shall be diverted to any other purpose than the payment of such principal and interest and the faith and credit of the City of Port Townsend are hereby pledged for the annual levy and collection of such taxes and the regular payment of such principal and interest. Section 11. This ordinance be published once in the Fort Townsend Leader and to take effect and be in force from and after five days from the date of its publication.._ PASSED by the City Council September,2nd:C:1930. APPROVED by the Mayor September ypp, 1930. DR. GEO. BANGERTER yar Date of publication Sept. 8, 1930. RESOLUTION A proposed resolution presented by Councilman Harry W. Robbine, Chairman of the Street Committee, presented and read as follows: 21) cay.riak; "' Minutes of Regular Session of`aeptember 2nd, 1930, continued. fh� i t (Resolution continued) Port Townsend, Washington, Sept. 2, 1930. To the Hon. Mayor and City Councils Resolution: ' Whereas, This Council wishing to show its appreciation of the services of Hon. E. A. Sims in behalf of the Cit of Port Townsend and community in.the matter of Highways and other important work, ! , Be it resolved, that the new Highway pavement from Eeymea cutoff to Tyler Street be officially opened and ded- icated on Sept. 8th, 1930, t X And be it further resolved that it be the sense of this council that, that portion of State Highway #9 approxi �t , .. A,411Y ,l', ' mately three miles within the corporate limits of the City of Port Townsend beginning at the city limits and x,n {rc''xr` ending at Walker Street be known as Sims nay, �• �^y�y 5«'f4w Be it resolved that a copy of this Resolution be written in the minutes and a copy be sent to Hon. E. A. Sims. ' .. `,(a•rtnj,, •°}°y - - ' Respectfully submitted,- a 1� k+ Harry W. Robbins re'rx HARRY W. ROBBINS Chairman of Street Committee I it It wan moved -by Councilman Richards and seconded by Councilman Peach that said resolution be adopted i. Upon roll call all six.Counoilmen present voted in the affirmative and motion was declared carried. un UNFINISHED AND NEW BDSINESS - c ut 3 Resignation of Councilman Richards: Communication from Councilman R. E. Richards submitting his resignation as Councilman for the Fourth xu� a Ward was presented end read, as follows: Port Townsend, Wash., September 2, 1930 To the Honorable Mayor and City Council, � �� ty •,..,e.gr{�. Port Townsend, Wash. Gentlemen: Owing to my removal from the city to engage in business elsewhere, I will be unable to further serve VI the City as Councilman for.the Fourth Ward, and beg to herewith tender my resignation as Councilmen for the r V Forth Ward. Respectfully submitted, R. E. RICHARDS It was moved by Councilman Lammers and seconded by Councilman Peach that the resignation of Council- . ��"kiNl'.4• .'''"° t man Richards be accepted. Upon roll call Counoilman Aldrich, Peach, Lammers, Miller and Robbins voted in the affirmative. Councilman Richards being excused from voting and motion was declared carried. h � j �• Xwr,M�y z Nomination for Unexpired Term: } Mayor Bangerter requested Councilman Lammers, as Councilman from the Fourth Ward, to present the � ,,,,gyp k< 5Z• name of a resident of the Fourth Ward as a candidate for Councilman for the remainder of the term following ,1 s MIT the resignation of Councilman Richards. Sidewalk Plane and Specifications: i It was moved by Councilman Miller and seconded by Councilman Robbins that City Engineer Sadler be a4<s'^."i.•.. _ '., instructed to prepare plane and specifications for a concrete sidewalk around the'City Hall Building and resent some to the City Council. The coat of the said project not to exceed the amount provided in the bud- .. .`k... J r o voted in the and motion • �. & 1 cell Councilman Aldrich Peach Lammers Miller and Robbins ;asF •rzc;}�,�',�, get. Upon roll , , .6 • $ C , rrpl4t ,, g•�: ; I was declared carried. -"i$ ADJOURNMENT `��"tA' �'``�• �` Upon motion of Councilman Peach, seconded by Councilman Robbins, Council adjourned. rr ism , l t it`�'iti.'RtiG""5�n�."fjk..�T�c4^x ��•�i}.-'E..:. a !/�Mi. 7 /U�) i." ' 1i !, }t at 1iC✓r�.. mayor - n}.,,�" r, 3} I ya T�`„t %t�" Y TTESTs . fads F I M ,{� S y I � y cart ,M'pfh'-F�'"�". Olty Olerk � - ' rs ) C r �- e u+t r !,'1, f ,,,{n _ ; � �tsa r I i �i�J tr,114��n1 u r