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HomeMy WebLinkAbout0933ORDINANCE NO. 90 AN ORDINANCE, authorizing the City of Port Angeles to incur indebtedness in the sum of $3400.00 for general municipal purposes on the credit of the City of Port Angeles, and to issue its nego- tiable warrants therefor and declaring an emergency. WHEREAS, The City of Port Angeles under and pursuant to the authority of Ordinance No. 906 of the City of Port Angeles did in the year 1930 cause to be built a fire department building to pro- perly house the City Fire Department for said city, and as a part of said construction did extend the steam heat to the public libra- ry building, said building being adjacent thereto, all being for municipal purposes, and for the purpose of securing money for the payment of said construction did contract an indebtedness and is- ", sue negotiable warrants under the authority of Ordinance No. 912 in the sum of $32,000.00, and WHEREAS, It appears that for the completion of the heating plant in the public library and for the fire department building an addi- tional sum of money, to wit the sum of $3400.00 is required to com- plete the payment for the said construction, therefore, THE CITY COMMISSION OF THE CITY OF PORT ANGELES DOES ORDAIN AS FOLLOWS: Section 1. That it is necessary for the health, safety and convenience of the people of Port Angeles to properly and adequately complete the structures for the housing of the Fire Department, and the installation of the steam heat in said public library and for the said municipal purposes to incur such indebtedness as may be necessary to complete said work and pay for same, all within the limits of the lags of the State of Washington. Section 2. That the estimated amount necessary to complete said work and pay for the same, in addition to the indebtedness heretofore provided in Ordinance No. 912 is the sum of $3400.00, and it is necessary for the City of Port Angeles to borrow the sum of ;3400.00 upon the faith and credit of the city, and that said purpose is and is hereby declared to be a strictly municipal purpose. Section 3. That for the purpose of borrowing said money, the Mayor and the City Clerk of the City of Port Angeles are hereby empowered, authorized and directed to execute negotiable warrants of the caid_cityYin the amount &necessary_to complete the,said work and pay for the same not to exceed the sum of $3400.00 in ad- dition to the sums authorized in Ordinance No. 912. The sum so bor- rowed and the indebtedness thus authorized shall be evidenced by the negotiable warrants of the City properly marked and certified to refer to the construction and indebtedness herein provided for. Section 4. The said warrants shall be and hereby are declared to be in addition to and a continuation of the negotiable warrants previously issued for this same construction under the authority of Ordinance No. 912, and shall bear interest at the rate and not -to exceed- 4 *- per-cent- per annum, payable semi- annually. Such war- rants shall mature serially and be a part of the same issue as author- ized in Ordinance No. 912, and such maturity shall commence one year from the date of issue and end in ten years after said date. The principal and interest shall be met by ten annual tax levies and payable at the office of the City Treasurer of the City of Port Angeles, Section. 5. That the sum of $1272.00 is-a portion of this indebtedness required by the installation of said heat in the public library and that the said public library through its Board of True- _ _ tees, shall provide in its budget and include in its tax levy for the payment of the warrants in said amount and in like manner as herein provided. Section 6. That said warrants may be issued to the contractors performing the work, all warrants and the proceeds thereof devoted to the purposes aforesaid. -2- • • Section 7. That by reason of the facts set forth and of the facts set forth in Ordinance No. 906 and 912 of the City of Port Angeles, previously reported, this ordinance is declared to be urgent and necessary for the immediate preservation of the public health, peace and safety of the City of Port Angeles and shall take effect and bey in force immedia.tely_from, upon and after_its, ,passage, approval and lawful publication. Passed first reading by the City Commission, this 25th day of March, 1931. Passed second reading by the City Commission, this ' 25th day of March, 1931. Passed third reading by the City Com- mission this lst'day of April, 1931, and finally passed and ap- proved this lst day of April, 1931. f Approved and signed by the Mayor this day of April, 1931. s Attest: y� / 1 �O��Gt 741 LL City Clerk. Approved as to form: City Attorney. Publishes: Mayor. -••• Maw '11