The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1922-02-16
ORDINANCE 231

or henneWlck, benton county, WaSn-
ington, to borrow the sum of seven
thousand five hundred dollars for the
purpose of purchasing fire truck and
equipment for use by said city, and to
issue negotiable coupon bonds of said
city therefor, and providing for SUBJ
hitting this ordinance to the quail
fled voters of said city for ratifica-
ton or rejection at a special election
to be held on the 25th day Of Febru-
airy, 1922.
WHEREAS the equipment for fire
protection for the City of Kennewick
is not now adequate; and
WHEREAS, it is deemed necessary
and advisable to purchase fire truck
and equipment for the use of said city
for fire protection: and
WHEREAS the city does not have
sufficient funds in its current expense
fund with which to purchase such
equipment; and
WHEREAS the city council Of said
city of Kennewick deems it advisable
for said city to create an indebtedness
of seven thousand five hundred dol
lars for the purchase of a fire truck
and equipment, and to issue the nego-
table bonds of said city therefor;
NOW, therefore, the city council
of the city of Kennewick do ordain
as follows:
Section 1. That for the purpose Of
providing funds to be used in pur-
chasing a fire truck and necessary
equipment for use by the city Of Ken
newick for fire protection, the city
of Kennewick shall borrow money in
the sum of seven thousand five humid
red dollars ($7,500.O0) and issue nego-
table bonds of said city therefor,
which bonds shall be known and des-
ignated as "Kennewick Fire Truck
Bonds" and shall be numbered from
one up, consecutively. Numbers one
to seventy five, inclusive Of said bonds
shall be issued in the denomination Of
One Hundred Dollars each, and shall
be signed by the Mayor, countersigned
by the Treasurer, and attested by the
Clerk of said city, and the official seal
of said city shall be affixed by the
City Clerk. Said bonds shall be pay
able twenty years from date, with the
option of the city of Kennewick to pay
the same, or any portion thereof, at
the expiration of ten years from the
date thereof, or at any interest pay
ing date after ten years and prior to
twenty years, and snail bear inter-
est at the rate Of six per cent per an
mum, payable semi-annually, and in
terest coupons shall be attached to
said bonds and both principal and in
terest shall be payable at the office
of the City Treasurer of the city Of
Kennewick. Said bonds shall be ex-
changed at not less than their par
exclusively for the purpose herein-
before designated.
Section 2. This ordinance shall be
submitted to the qualified electors Of
the CITY of Kennewick for ratification
or rejection at special election to be
held in the city of Kennewick on the
25th day of February, 1922, and the
City Clerk of said city is hereby di-
rected to cause notice of said proposed
election to be published in the Kenne-
wick Courier-Reporter, the official
newspaper of said city, doing the city
printing, by publication of said notice
in each issue of said paper during q
period of Is days Immediately prior to
said election. Said City Clerk is direct
ed to give further notice of said cleo
ton by printing and posting in each
precinct of said city, q copy of said no
tice and this ordinance not less than
Is days prior to said election. There
shall be printed upon each official
ballot used at said election the words
"Shall the city of Kennewick for mu-
nicipal purposes borrow seven thous-
and five hundred dollars, and issue its
negotiable bonds therefor? Bonds
Yes; Bonds-No." Every voter elect
ing to vote for the authorization OF
said indebtedness shall do so by strik-
ing therefrom the words Bonds.
No" and every voter electing to vote
against the authorization of such in
debtedness shall do so by striking
therefrom the words: "Bonds-Yes,
so that the remaining portion of said
ballot shall express his vote on said
question.
Section 8. If the proposition to in
cur said indebtedness and issue bonds
therefor be authorized by the electors
of said city in the manner provided
by law, the money arising from the
sale of such bonds shall be placed in
special fund to be known as the
"Kennewick Fire Truck Fund" and In
no case shall the money arising from
the sale of said bonds or any part
thereof be used for any purpose other
than that herein specified.