HomeMy WebLinkAbout1914ORDINANCE NO. /5'14
AN ORDINANCE of the City of Port Angeles,
Washington, providing for the submission
to the qualified electors of the City at
a special election to be held therein on
/7; 1977, of a proposition as to
whet er the City should issue its unlimited
tax levy general obligation bonds in the
principal sum of Five Hundred Thousand
Dollars ($500,000) in order to provide funds
to renovate Civic Field within said City,
and declaring an emergency.
WHEREAS, in order to provide the people of the City of Port
Angeles with modern recreational facilities and to further the
public health and welfare of said people, it is deemed necessary
and advisable that the city renovate Civic Field on property now
owned by the city, and to provide the money therefor that it issue
and sell its unlimited tax levy general obligation bonds in the
principal sum of Five Hundred Thousand ($500,000) Dollars; and
WHEREAS, the consitution and laws of the State of Washington
provide that the question of whether such bonds may be issued for
such purposes must be submitted to the qualified electors of the
city for their ratification or rejection; now therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF PORT ANGELES,
WASHINGTON, as follows:
Section 1. It is hereby found and declared that the public
health and welfare of the people of the City of Port Angeles
require that the City renovate Civic Field on property now owned
by the City.
That for the purpose of providing the money necessary to
acquire such capital improvements the City shall issue and sell
its unlimited tax levy general obligation bonds in the principal
sum of Five Hundred Thousand ($500,000) Dollars.
Said bonds shall bear interest at a rate not to exceed
per cent per annum payable semi - annually and shall
mature in from two (2) to twenty (20) years from the date of issue
in such amounts as will as nearly as practicable, together with
the interest thereon, be met by equal annual tax levies for the
payment of the principal thereof and interest thereon. Both such
principal and interest shall be paid out of annual levies of taxes
to be made upon all the taxable property within the city without
limitation as to rate or amount. The exact date, form, terms of
maturity of said bonds shall be as hereafter fixed by ordinance
of the City.
Section 2. It is hereby found and declared that an emergency
exists requiring the submission to the qualified electors of the
city the proposition of whether the City should issue and sell said
bonds for such purpose at a special election to be held therein on
:the /7114 day of , 1977.
The Clallam County Auditor as ex- officio supervisor of
elections is hereby requested to call and conduct a special
election on fjt,��. /7; , 1977 and to submit to the qualified
electors of the city the proposition hereinafter set forth. The
City Clerk is hereby authorized and directed to certify to the
Clallam County Auditor said proposition in the following form:
P R O P O S I T I O N
Civic Field Renovation, General
Obligation Bonds, $500,000
Shall the City of Port Angeles, Washington, for the purpose of
providing funds to renovate Civic Field on property now owned
by the City, issue its general obligation bonds in the prin-
cipal sum of Five Hundred Thousand ($500,000) Dollars said
bonds to bear interest at a rate of not to exceed ei
per cent per annum, to mature in from two (2) to twenty (20)
years from date of issue, and to be paid, both principal and
interest, out of annual tax levies to be made upon all of the
taxable property within the city without limitation as to rate
or amount, all as more fully provided in Ordinance No.
of the City?
BONDS, YES / /
BONDS, NO / /
The polling places for each of the voting precincts within
the city and the officials to serve at each polling place for this
special election shall be as selected by the Clallam County
Auditor.
Section 3. For the reason that the statutes of the State of
Washington require that this ordinance become effective and be
certified to the Clallam County Auditor within forty -five (45)
days of said election date, an emergency is hereby declared to
exist, and this ordinance is hereby declared to be in full force
and effect from and after its passage and publication as required
by law.
PASSED by the City Council of the City of Port Angeles,
Washington, at a regular meeting of said Council held this /414' G
day of 5)214e, , 1977.
• f
,ATTEST:
;City Clerk „•.•:„..
"-APPROVED --ASTO FORM:
City A'torney
PUBLISHED: a1 /41.7
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