HomeMy WebLinkAbout00371 Minutes of Rugulnr Session of Aug. 20/35 continued.so
Minutes of Rugulnr Session of Aug. 20/35 continued.
the city library, city park and city streets.
Councilmen Lafferty and Sather and City Clerk Christian discussed with me yesterday,
the propriety of preparing four propositions by splitting the third proposition of the or-
dinunce into two parts, one specifically asking for a levy to pay for the grader, and the
other denoting a hard surface program.
It appears to me that this third proposition should not be split, but should be submit-
ted in language provided in the ordinance, which is sufficiently comprehensive to take care
of capital outlay and to provide for such street improvement as the Council, at a later date
may decide to undertake.
Very truly yours,
V.I. J. Daly.
I
First Reading of Ordinance.
The proposed ordinance Pntitled "An Ordinance of the City of Port Townsend provi-
I1 .. ding for and fixing the time of a special election for the qualified voters of the City to
ratify or reject propositions granting to the City Council, authority to levy taxes on the
taxable property of said City in excess of the rate of fifteen mills now authorized by law,"
was presented by the City Clerk and read in full for the first reading. The amount to be
levied for street purposes having been left blank, it was moved by Councilman Hirtzler and
seconded by Councilman Lafferty that such levy be set at 2'J mills and so entered in the at-
dinance. Notion declared carried, there being no dissenting votes.
2nd and 3rd Readings.
- It was moved by Councilman Lafferty and seconded by Councilman
Lafferty and seconded by Councilman Hirtzler that the first reading be considered the second
reading and that the third reading be by title only. Upon Roll Call vote all six council-
men present voted in the affirmative and motion was declared carried.
Ordinance passed.
The City Clerk then read the said ordinance by title only for the
third reading whereApon it was moved by Councilman Lafferty and seconded by Councilman Hiotz
ler that said ordinance do now pass. Upon roll call vote all six councilmen present voted
in the affirmative and motion was declared raided.
! Copy of Ordinance.
The following is a full, true and correct copy of said ordinance
j as passed by the City Council August 20, 1935, approved by the Mayor August 21, 1935, and
ipublished in the Pott Townsend Leader August 22nd, 193b, to -wit:
ORDINANCE NO. 1055.
AN ORDINANCE of the City of Port Townsend providing for and fixing the time of a specia
election for the qualified voters of the City to ratify or relect propositions granting to
the City Council, authority to levy taxes.on the taxable property of said City in excess of
the rate of fifteen mills npw authorized by law.
VIHEREAS, 'it appears to the City Council of the City of Port Townsend, from an examine-
tion of the preliminary budget now on file with said council that there will be insufficient
money returned to the City treasury of the City of Port Townsend during the year 1936, throu h
taxation or otherwise, to provide for and "rry out the functions of city government for t
that year; and
WHEREAS, under the provisions of Chapter 2, Laws of Washington, 1935, (Initiative No.
94) cities and towns are granted power to levy taxes in excess of fifteen mills, when author
ized so to do by the electors of such city or town; and,
WHEREAS, it appears::to the City Council that an election for that purpose is necessary,
and that the following propositions should be submitted to the qualified voters of the City
for ratification or rejection, now therefore,
THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND DO ORDAIN AS FOLLOWS:
Section 1. That a special election be held in the City of Port Townsend and in the
various voting precincts thereof on Tuesday, the 24th day of September, 1935, which day and
date be, and hereby is, fixed as the date upon which said'election shall be held and shall
be voted by the qualified electoer of said City, the following propositions and. questions,
to -wit:
Proposition I: Shall the City Council of the City of Port Townsend be authorized to lev
taxes for the year 1936, at the rate of 1.75 mills upon the dollar of assessed valuation of
said City, in excess of the levy empowered by Chapter 2, Laws of Washington, 1935, (Initia-
tive Measure Ido. 94), for the purpose of operating and maintaining the free public library
of said City:
Yes ..... .( )
No ........ )
Proposition II: Shall the City Council of the City of Port Townsend be authorized to
levy taxes for the year 1936, at the rate of 1.25 mills upon the dollar of assessed valua-
tion of said City in excess of the City levy empowered by Chapter 2, Laws of Washington,
1935, (Initiative Measure No. 94), for the purpose of operating, maintaining and improving
the City Park?
Yes ........... ( )
No ... ( )
Proposition III. Shall the City Council of the City of Port Townsend be authorized to
levy taxes for the year 1936, at the rate of 2.5 mills upon the dollar of assessed valuation
of said city in excess of the city levy empowered by Chapter 2, Laws of Washington, 1935,
(Initiative Leasure No. 94), for the purpose of improving and maintaining the streets of the
City of Port Townsend?
Yea ( )
140 ............ ( )
'i
Section 2. Said election shall be held and conducted in the manner provided by the
Chapter 2, Laws of Washington, 1935, (Initiative Measure No. 94), under the supervision Ind
direction of the Jefferson County Election Board.
Section 3. That this ordinance be published once in the Port Townsend Leader and be in
force and ta.:e effect froin and after five days from the date of such publication.
�l Passed by the City Council, August 20th, 1935.
Approved by the Mayor August 21st, 1935.
Attest;
1� C. F. Christian, City Clerk. George Bangerter, Mayor
Q
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(Ordinances and Resolutions continued)
Resolution Re:making Federal Application.
A resolution authorizing the Mayor of the City to file an application to the Fed-
eral Emergency Administration for a grant in aid, as required by the Federal regulations,
was presented and read, as follows:
RESOLUTION.
A resolution authorizing the City of Port Townsend, Washington, to file an application
to the United States of Amer Icar ,through the Federal Emergency Administration of Public Works
for a grant to aid in financing the construction of additions and betterments to, and re-
placements of, the existing municipal water works system of the City of Port Townsend, Wash-
ington, and designating the Mayor of the said city to furnish such information as the Gov-:
ernment may request.
BE IT RESOLVED by the City Council of the City of Port Townsend, Washington;
Section 1. That the Mayor of the City be and he is authorized to execute and file an
application on behalf of the City of Port Townsend, Washington, to the United States of
America for a grant to aid in financing the construction of additions and betterments to,
and replacements of, the existing municipal water works system of the City of Port Townsend,
Washington.
Section 2. That the Mayor of said city be and is hereby authorized and directed to fur
nigh such information as the Federal Emergency of Public Works may reasonably request in
connection with the application which is herein authorized to be filed.
c Adopted:
It was moved by Councilman Lafferty and seconded by Councilman Hirtzler that
the said resolution be adopted. Upon Roll Call vote, all six members of the Council press
voted in the affirmative and motion was declared carried.
RESOLUTION TO REFUND DEFAULTED BONDS.
In accordance with instructions from the City Council, City Attorney Daly submitte'
a resolution to authority the sale -of General Obligation Refund Bonds and presented the fol-
lowing letter commenting on the said resolution, as follows,, to -wit:
Port Townsend, Washington, August 20th, 1935.
Honorable Mayor and City Council,
City of Port Townsend.
Gentlemen: -
At your request I transmit herewith resolution providing for the issuance and
sale of $41,100.00 general indebtedness bonds for the purpose of refunding, together with
cash on hand in sinking fund, the $49,000.00, 1911 issue default.
Since Initiative No, 94 became effective there is some doubt among bond buyers as to
whether or not refund issues are attractive buys, on the theory that a refund issue, being
'in truth and in fact a new issue when issued, the levy for the payment thereof must be in-
cluded in the 15 mill city levy. I am satisdied that we should make the venture, even to
the point of possibly indulging in a friendly suit to test the legality of the question.
Yours very truly, %%. J. Daly.
Passage of Resolution.
The Clerk then read the said resolution in full and it was
moved by Councilman Lafferty and seconded by Councilman Hirtzler that the resolution be
adopted. Upon Roll Call vote all six councilmen present voted in the affirmative and
motion was declared carried.
Copy of Resolution.
The following 1s n full, true and correct copy of said Resolution:
RESOLUTION.
WHEREAS, on the first day of July, 1891, the City of Port Trw nsend, State of Washington
issued its general obligation municipal bonds, in the sum of $85,000.00, payable on the firs
dayof July, 1911, and that the issuance and sale of said bonds were legally and duly author-
ized at an election held for such purpose, on the 24th day of June, 1891, as provided by the
laws of the State of Washington and the city ordinances of said city; and
WHEREAS, on the first day of July, 1911, the city liquidated and paid off $10,000.00 of
said $85,000.00, the bonds for said $10,000.00 having been surrendered to the city and can-
celled, leaving the sum of $75,000.00, of said bonds unliquidated and unpaid on July 1st,
1911, and,
WHEREAS, said city on the first day or July, 1911, issued by authority of the laws of
the State of Washington and city ordinances of said city, its negotiable municipal bonds,
in the sum of $75,000.00, payable on the first day of July, 1931, with the option of said
city to pay the same at any time, after the expiration of ten years from the date of such
bonds, for the definite purpose of refunding the said $75,000.00, issued on the first day
of July, 1891, and that all the original issue of bonds issued on the first day of July,1891
were surrendered to the city and cancelled, and,
WHEREAS, the sum of $26,000.00 has been paid on the principal sum of said $75,000.00
issued on July let, 1911, and the bonds representing said }26,000.00 have been surrendered
to the city and cancelled, leaving now the sum of $49,000.00 of said issue of bonds outstand
ing and unpaid; and.
WHEREAS, There is on hand the sum of $7,500.00, in the sinking fund of said city, to
liquidate and pay off that amount of the outstanding bonds, and,
71HEREAS, the city has caused the levy of a tax, sufficient to pay, and has paid, the
semi-annual interest on said outstanding bonds, as the same became due, and,
WHEREAS, the city council of said city, do hereby recognize the said $49,000.00, bonds
issued on the first day of July, 1911, as a part of the bond indebtedness of $85,000.00, is-
sued on the first day of July, 1891, and authorized by an election.held by said city on the
24th day of June, 1891, as a legal and binding general obligation of said city, and pledge
the city to levy a tax from year to year, as may be prescribed, to fully liquidate said
;49,000.00 bonds, and pay the interest on same when due and payable; and,
WHEREAS, the City Council of said city hereby declares its intention to issue negotiab:
Interest bearing general indebtedness coupon bonds of the City of Port Townsend, in the slim