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HomeMy WebLinkAboutORD 0041 ' �" . � i�,,... . t-r $ . � t � i i , Grc�in�.i;ce :�o, -��--+�—' - - ordin:::ce s�;ecifyin� ar.el aclojt- , I � „ ; • _ ..,,F �.: , ,.�� f.. ..e��tcn, ^nr': the i1�g a sy st�M :�r �-�Ftn � cr tir:�i:�r �•r�,rr�s �_. .. _ i�sui::� o: bcr�ds in �he suM of' ';'49C,:). ^G to i;ay �?�� ;i�e�: ;�r, and ,,ro- ' , vir�i���, r:�r a s��ecial �.�Iectio.; t�:w� �1.E v,,te��s ui t�.e. :>ai�,. �����': ' ' �,�y �r�te fcr �,� ���;air.st Llz� :-aia �i*o�,o�i�io:�. riE i.� 07'�fi 1riPC� �:i,t,i t�1f.' t�,O�ai1C 17. Of' �t2.4,' t0�7ri C)i itG't=L'721: — ;'� 1 , .r �ect ion �. "'}�at or� __ � ,,�:�� =r�� � -��,�,�� ar. t�� t�;�n of Rentnr, (;our�ty ,of ��ir.�, rt�te of .;as��in�;t�n, ;�ursu�rit to t�.� ;�?ro�;isio��s cf an act �f �he 1c�iUlatt:re �� t1�e st��� ,�f ;;as.�>- � 1T2��CSY1� �1':t :i.� .`:�; �}:y11 c'k. Ct i:�.l`i.i"�OT'1Zlii,u>" Cii.l�'u aiif� i.C;6't:'S i.a CO218tTUCv � i:`:i:ETY.?,�1 i�prove,ilr:'l1t;S all�� �0 1SS1IE 1JOT'1CZS t.L '•`ir'�j% tI7�Y'Pf�'J7'� ''':�� ' , C:E'C:.aI'lii�; �i�, e��er�;�Y1C;y'; r �i:7T"JVnC: "'areh `��.� �Z.�L��� �;�.i'. �?i@ �CtS �r' � �-. :^ridatcry t'_^�reof`, ::'��=�e �r:��_1 '�e he'd � specia.l ��,ti��z �.Lecti�?,� �r. .:,r�:,-7� :.'_^.t tl-:e v�Lcr�s �i' ,:,�.ic� tot;�n �-1�y �t �aid E�^CtlOri �;ote .Cc�r :;,� ,:;;��- irst ',.he ,,rcpositior o� auth�z•ir.:.�:g the to:vr: :al:' f�e:�t�n to aCt�U:1'@� CO..:;t7(`L2Ct� '��<"i�`.:.,:�:R �IiE� v,L`�'Y'�;.f;8 � �i"'.ti7.�y S;f�i.R'Iri �i' ��;�3`E.E`T .iQI_tiS � .,J,i1.^�'. , . _�^,i� 'U'E c.'.:^n1C1P,xi�i, t7 c'If�G':]L:c�.�2:L� .;I;i;;�ly �,_E 5c'�. lt�. tuwiz ur�� its �.nhai�itar�Ls �,w-ti: T�ure�, "7•e:sl} �,at,c�r, .,,:"' ���.i_en� "�r all t'.e-ir ne��aw"r�y u�es, �'�.e estir:,�.tPd c��:t :..i ����.� ..� �v.: `¢;�j l:; ; i aur "i'ti��usaiid ar�� ;�ine 'i:_.n,;red �:oll�rs. L�lE,` j)1x:1 _:1"l)Z);�@� �J;�' `i.�1f' COLl'iiC3 i�_ ... i,1'yf; "'.i.iC,� u0itiY1 �.:'i .''E�k''2'— �� E'T2L,'@ t�7 SL1G�1 Sy'..`'it.G:'$ O�.i' ','ir'��ET' V/GT'1CS l.s Si�t:,5't.�r'i��1^a��y .-''.�S i�i��-;,��,'i;_ I , ih� w�t�r �:l�il be c��:ci� fro:: a �r:�uj� �f s1�rir��s .�__ a �;utc� �.�.�di;� 2;,f; f ec�t south ei' s�at,l,. line of' ;,ec�i��i� 17, to�ri:shi�? ?^�, , ,:OT'�''1� 7'c^wil�E3 J F;, � _ i � : �, �JU:":r„'� `"l;?�� �.>f' r���S'�iiY.��::�71� . '��'?E -'?i,�'T' .::��:'l,- �)E: C�X'Y'.'L�:':.'�. i��'<�: .. .1:E,' .,. �..C� S��I'l�i�S 1T1 e'�, �'1'.ii:� a�.011� 5Ui V�,VF'.C� T'Ci.l�e �t T'OW �i 't111� i:�T' r^.� �:�Si,�: ^, _, , ; `�,'c. ,�i _��2� �� . ^.r` �1"� ,]ll>:C+.i�.7: ii�� ✓E'tl�l' a�1V'C�' i;=�+:`F, �..L':E� � :�:CZ �.li1E �:�:t.i�"E:, :A'E: i �� l..^. . '.• �J . , _ � � �r.a _`:E , .'tier.tan �o--��>�;rativ� �.cre i'�•acts '_n '�'.�,� � . , _ � .. �_:,�-�;-., ;�;:c��e ���� � �n �s� _. ,�.��' ,.�i� �i"' ':6C feet ,-:�1�;� ',e c<< , '�:. _,:� � � � :"�`?@ ��,f.i; :;.5 t0 �8 COYI.^-.tl'11G�:�'G�' i':^ �ai. ���,�Uz�. ...ii(', ii�Vl" , � �c^zpc^.Cit� .Oi �.�� v�J �:�l�..i:l�, ._., .`?tE'Z"' '�,;'.�� �,'E'' C'aT'1�('(i �T'U�, ^••:�? '' '"' u � n . ..._-;. _�in ,�:�y;e, ._._ �.ix;;i_ 1:iLv aai(. �C' _ . hi.,:.. . � , '� i.. r1n � ��- _ __ _ _ �l� . -, _r. _. - - � . --_�-__� :.�.R . , ! `� . . � r � � '� �stimate of ��st �f i�enton ;'�t�x ayste�� � , s . r—�__� .'.e-,nd wurr�s ar� fl:��e �;��: ;; ft. A 1^'. �' „ �.:G..,G 1'anl; ��,;�;:-0 vals. 5C�0. 1G � T,ot� i�r T�r.l�, 2�;;�. �u , , 24'75 ft, 6 i�. ��i �e �.t �5� �F�v.25 3;,�0 f't, � it1, j i;;e at 25¢ ��7. r' ��; 2G 4 in. �Wte va�ves at �'�.;,;;:G .''Q�.`:0 2 o i r�. Ga t e '���.1ve s :�t '�'15. :�C 3,,. :�G 14 4 x 4 crusses at `n'3. 78 5°. CO 7 6 x 6 x 4 x 4 crosses at �5.15 ��. G�; ; 7 1-iyc�r�nt s , �t 's�5.GG 315. OC ' �'" .:�ayin� 6�65 i t, ripe at 5¢ �C�. �5 � � r�ose �:tOJ anc� c�rt �1CC 5v�.. . _ :; -�ata�, - - .- - - - - - -- - -- --- ����0. GG_ ;�ction 2. i',.e sai�2 elec4ion slLall �� :�el� in acc:.�� �unce with �he gE.i�ral electior, �a�rs of' ;he s�at� oi `�;as.��:,_��on anc� tl�e ordi.����ce of t?,.r- �._-w�, .�f i�ent ��. That at ,�._ ���`. e:�ec � '_ ,,�__, . .�..�s �y/ , �t/�iir,�7-.-y..!I/�✓/,L . f ,/� will 1�e o,er� at //� �-,�__��2�wn �-C� /1 %'�� ��G °���GIZ�Z ���/koz, �__._ _ .�. and shall cl,�,�e �t ' ;- �_�w� �'y _- --• ��ch v�ter w��o sliall v�t� i:: i��vor of authori::i::;; t}_e town to icsue oonds in the sur:� of ;�,490G.CG �'or Est�.blishii.� t}�e ,a i,er � �rorks syste�: �s set iar•th :�n tliis ordiriance Wl.11 vcte � 'aallat can- � t�i�iing the wor3s "in favor �:i tY.e to;an of zenton isrt�ir.� ?�onc:s to ' the su-� of '� t�GG.'-G �'c�r .�:�ter �r��^��s �s ,t "�;rtl1 in �rd'irla�lce, I'�. � ;� th� tc;4��: c.��_ �Zeti��n. " .;acr voter who sh.,�ll vcte ��.�;�:,i:1st said j�ro��osition .�ill vote a ballot cont��nin� the z�ords ''���;ainsL t'r_e t;�wn af :;en�on issuing �onds to the s�.-� u� ';'490C. ��, for ti�r�ter ��urposes as set fort�� in ' Orc'�inance ',o. _��nf the to��rn of rtien�on. '' �ectian 3. The towr. clerli oi' the saiu taruri s:�a11 �ive nc�tice ut' s�id s�ecial election by pul�.�ishin� rotice t}:ereof Tur ttiie period of �e.� �ays in the cfficial newspa��er oi the tcvrn of �/,� R�nt on, �to-wit ; .�c4�G�_�1=1�:��.�¢�L��---- --- Y�y causin� � the s Aid notice to ae ��u"�)_is?�.�r; -in f ,.:1' '6n ^,=�c�_ �srue o�' s�id � ' �,a��r riuri�!� the sai�d y�eriod of ten c?ays. , � ' ;ection 4. Thr�t if tY�r�e fifths of' the qualii:�ed vc�pr� , af the said town ef r2er.ton votin� at said election vote in 1'avor �. of authori^in� the towa-. ��' Rer�tan to i� sue ��o-��,�s in ��ie su�r �'�' _2m j � 1 � r � . R.- f i � w45v0.GC t� ae ex�enc�ed ir. the �nanne� prGvi�iPd by this orclir.ar.ce, tYie �:ayor �i:' ;aid taw�: azzd ti�e con.rii�tee on firiar.ce of t'r:e cotznc_�l of said towli sllall 'r�e , and t?zey here�y are, autl:orized to have � 7:,rinted azid en�raved bonds of tl.e said town t� the amou_��� of �4800.fl0, whieh will be styied "Rer�ton Z�ater ;;orks �onds," � ;aid 'uonds sYiail be payable twenty years after tl:e ir issuance t� � � or bearer at the o£f ir,e of the treasurer f said town; bear int�rest at the rate of not more tl:an 6; per I annum, anc� have �.tr,ach�d thereto se;�i-annual coapor�s , pay�ble at � �.e off ice of the treasurnr of t�ze t oti+tn of Pent on on the f irst c?a;,rs i � o�' Jarnzary ar�;d July of each year; ;aid ?�onds shall bP issued lanc�er ; the seal of said to�tn i�� denominations of not less than �'1^O.�C or more than �'100�.��0; shall 1�e nu:n��ered fro�� one up cor.sec�atively; ! snall 'near the dat�; of their issue; shall be re�istered �y t',e to•�r�: � clerk in a book to 'ae kept specifica113� fcr th�t �urpose. � Section 5, To ,r��^ovide i ar� tize payr:��nt o� intereu� �n said ; oonds t�zere is nereby levied, set a�art anc�. specirically aj>�ro��r�- ated an anr�tzal tax o�' -------- � ills on E�.ch �, - ------- .� --��-----_— --- ------ e�ollar ' s worth of �ro_�erty, real, persanal arid rnixed, ,�ithin the said towTi of Renton not exempt fro.� taxation l�y the Constitutian and laws of this state; �uch taxes Lo be assessed, �,ecor�e due a-r,d to be collected aiznually until ��ry �ci ,,als and interest of s.,�d b�n�s are fully paid up and di,scharged, as other taxes are l�vied �nc� collected for ��neral munic i;�al ��url�oses. �� �e�ore seven yeax�s p�ior to the Matlzrity of said i�onc�s, �r any of them., an annual s in.�cin� fund tax suf f i c i ent f or the paytnent of ��.id '�onds at ��nat7arity sha11 be levic;d anc� collected r�s oth�r taxes. �,re levied �nd colleet�d ior general municipal purposes, anc� if at any tizne such taxes sliall be found ir.s�f�'icient tc� yield for f the payr:lent of said interest and siru_i��g �:�:nd an�ivally a sum equ�l six per cent of all bonds issued, it shall 'ae the c�uty of the said council to set apart and a�propriat� such additional amount of the general revenue as may be necessary anc� suffi.cient to supply su�h deficieizcy. a3: � _---- _ _ , . � • . . r � , -. � � Section 6. It shall 'pe the �uty of the town treasurer ' tc place �.1� mon�ys col].ected anc� r�ceived �ror� trie tax levied to pay t}1P interest �I��on said boncls as the sar�e aecrues ta the crec3it o�' the interest �'und o£ the sai� bonds, and after th� tax shail be levied and. collected as herein ;�rovided to pay the int�rest anc� ', principal of said boxzds at maturity, it sha11 then be the duty �� a#' the treasurer to ;�lace a�.1 such moneys col��cted and received �'rom the tax levied to pay the interest and princi��al of the said bonds at maturity to the crEc'.'.t of each of sai d bonc�s separately. Section 7. The said council shall cause the said sini�:i_ng fund �nG all �c�retions thereof to be invested �t any time or times not less than six mon�rs priar to tYie maturity �f ::�aid Uonds in �ny interest bearing ��onc�s o� the linited rtates af l�merica or the state of '.yashin�ton, or in any other security in whieh its investment may be authorized by a general law of the state, in which case all of the interest ar p�emiu�ns that may be reali�ed on any such investments, as well as the princi��al thereo�', sYia11 be credited to such sinking fund. . SecLion 8. �aid interest and sinking funcis are hereby made sp�cial funds for the specia7. purposes herein nrxmed, and shall be disbursable only for the purposes f or which they are respectively created, and any officer of said town misapplyin� the said �'unds shall be guilty of a misdemeanor, ar�d shall be fined in any sum not exceeding �;1.00. �0 and imprisonment in the t ov�n jail for any ;�eriod not exceeding thirty c.lays. Section 9. That t7:Q ?'ayor af said town, and said comz�itt�e on Finance of saic� council, ar� hereby em�owered to negotiate and sell the Uonds authorized to be issued by this ordinance, provided, howe�rer, that none of said bonds be issued at less than par, nor r ! that the+ proceeds '�e use8 for �ny other purnoses than those pre� scriaed 'oy this ordinance. Section ],G. 'Chat it sha11 be the duty of the town clerk to note upon the face of each r�ond, as well as on the re�istery '� � "4� � � r . . ' � � � � ' t of' the same , the purpose �or vuhich said bonds were issued, towit, '� "For '��ater ".`�r'orks. " � 5ection .11. This ordinance shall t�ke effect on and after Pive days from its publication. ° Passed the town council this ���'�� � �aY a�" � � / . �5'-�2,�i�,���✓'- , 1902. - ----y�--- ' '' _--��7�/�' ' , .� ?'ayor. � p ycL. Approvecl by me this � c�ay o2' !I �io�� �-�- � 1°p2� _ ��//���`�1�� - ---- -_- '�iayor. � Attest: - � ,�-� �� - J _,�. l F� /'�J _ �'/,��_=� _ __ Clerk. , . -, .�:,.- . . , _ � �-., .,- , . .� • t.�.. , �.R�.�,�.� , � . 't � . . _ , . . .. �...'i � ' , : :{.... ' � . 4�. . _ ' . -�� `�:' � . �. , ..,� . . . 'G � . drs. ..'�, , . .��f�,^^ _ ',n- ,�` �5y