The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1904-05-04
Ordinance No, 39o.

An ordinance calling special election
to submit to the qualified electors of
the City of North Yakima for their
ratification or rejection the proposition
to borrow money for municipal pur-
poses. to-wit. to be applied in payment
for the construction of sewerage and
drainage system for the City of North
Yakima and to issue its negotiable
bonds therefor.
The City Council of the City of North
Yakima do ordain as follows
Section l. Whereas. The city council
of the City of North Yakima has hereto
fore adopted a system of sewerage, known
and designated as the "McCulloh and
Cotterill System of Trunk Sewers for
the City of North Yakima. Washington"
special election for the purpose of sub
hitting the said system 60 the qualified
voters of said city for their ratification
or rejection. together with the PROPOSE :
ton to become indebted and issue bonds
under the laws of the state of Washing
ton permitting cities and towns to be-
come indebted and to issue their nego-
table bonds therefor to pay for such
sewerage systems; ana
Whereas. the said system is designed
to effect the drainage of sub-surface
water as well as for house sewerage;
and
Whereas. the cost of said sewer and
drainage system is estimated at $4,000;
and
Whereas. the city has already borrowed
money and issued it's bonds for sewerage
PURPOSES in the sum of 100000. and
Whereas. under the laws of the state
of Washington the city can only issue its
bonds for sewerage purposes with the
assent of three-f ifths or the voters of
said city voting at an election held for
that purpOSe) in the sum OF S26, 600; and
Whereas. said sum Is insufficient to
pay the estimated cost of said sewer and
drainage system; and
Whereas, it is deemed necessary that
such sewerage and drainage system
should be constructed. and the cost and
expense thereof is for strictly NUM-
cipal purpose: and
Washington. is authorized and empower
ed by an act of the legislature of the
state of Washington. entitled. An act
to authorize cities and towns to Dor
row money for municipal purposes and
to issue negotiable bonds therefor APP
proved March I. 1891: whenever three
| fifths of the qualified electors of such city
voting at special election called for
that purpose. upon fifteen DAYS notice
given in the paper doing the city print
ing by publication in each issue during
said time. shall express their assent
thereto. to borrow money and issue its
negotiable bonds therefor; provided the
total Indebtedness thereby authorized
Indebtedness of such city five per centum
of the taxabye property of such city or
town. to be ascertained by the last as
sessment Of such city for municipal pur-
poses: and
Whereas the taxable property in said
city. as ascertained by the last assess
i
81. 701 .213.00. and the existing indebted
ness of said city consists of $300OO.00
in outstanding refunding bonds. hereto
fore issued. $l5.42S.S0 in general war
rants and for the redemption of which
there is cash on hand of $7,305.05 and un
paid taxes in the sum of 81 .4O0.6l; Now.
| therefore be it further ordained.
Section >. That a special election he.
and the same is hereby called. to be held
ON the 2Sth day of May. 1904, for the
purpose of submitting to the qualified
! nthtc nf sail ri " hnit ion mr.
| rejection the proposition to authorize the
! City of North Yakima, Washington. to
| borrow $55.00000 and to issue it's negotia-
! BILE bonds therefor, to be applied in part
| payment of the cost of said sewerage and
| drainage system, hereinhefore referred
to, which Indebtedness is to be so in
by virtue of the provisions of the act
of the Legislature of the state of Wash
ington, above referred to.
Section 8. Such election shall be con-
Quoted at the places and in the manner
| provided by law for general municipal
| elections and the City Clerk is hereby
directed to give due and legal notice
| thereof.
Section 4. The form of ballot at such
election shall be:
Shall the City of North Yakima.
row $4,000 and issue its negotiable
bonds therefor?
Bonds, Yes.
Section s. The bonds provided for in
| this ordinance shall be So in number and
| shall be issued in denominations of $1,000
/ each. and shall become payable twenty
| years after date thereof. shall bear date
| of their issue and shall be numbered
| from one up consecutively. and shall
! bear interest at the rate of ( per cent.
| per annum. payable semi-aunually and
shall conform in all other respects to the
| requirements of said act of the legisla-
/ ture above referred to.
Section 6. This ordinance shall take
| effect and be in force from and after
! five days from the date of its publication.
/ Passed by the city council May 2, 1904.
Approved May 3, 1901
q. \. FECHTER Mayor.
Attest: J. c. BROOKER. City Clerk.