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, Grc�in�.i;ce :�o, -��--+�—' - - ordin:::ce s�;ecifyin� ar.el aclojt- ,
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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�,. �����': '
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�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.�>- �
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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.
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ih� w�t�r �:l�il be c��:ci� fro:: a �r:�uj� �f s1�rir��s .�__ a �;utc�
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�stimate of ��st �f i�enton ;'�t�x ayste�� � ,
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.'.e-,nd wurr�s ar� fl:��e �;��: ;; ft. A 1^'. �'
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24'75 ft, 6 i�. ��i �e �.t �5� �F�v.25
3;,�0 f't, � it1, j i;;e at 25¢ ��7. r'
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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�.. . _ :;
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;�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 .
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will 1�e o,er� at //� �-,�__��2�wn �-C� /1 %'�� ��G °���GIZ�Z ���/koz,
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and shall cl,�,�e �t '
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�_�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. ,
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' ;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
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of authori^in� the towa-. ��' Rer�tan to i� sue ��o-��,�s in ��ie su�r �'�'
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� 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,"
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;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
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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
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� 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
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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:
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� 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
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! 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
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of' the same , the purpose �or vuhich said bonds were issued, towit,
'� "For '��ater ".`�r'orks. "
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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. -
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?'ayor.
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Approvecl by me this � c�ay o2' !I �io�� �-�-
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'�iayor.
� Attest: -
� ,�-� �� -
J _,�. l F� /'�J _ �'/,��_=� _ __
Clerk.
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