Ordinance 2687 - Laserfiche WebLink

• Section 4: That the foregoing system or plan for the construction of said additions to and betterments of said water supply system, and the issuance of water revenue bonds to pay therefor, be submitted to the qualified voters of said city for ratification or rejection at a special election to be held therein on the 20th day of June , 1936. That the proposition so to be submitted at said special election shall be in substantially the following form: "Shall the City of Everett make certain additions to and betterments of the existing water supply system by construc- ting a pipe line varying from 36 to 52 inches in diameter, from the outlet of Tunnel No. 2 at Lake Chaplain and following the present No. 2 pipe line to Everett at a point near Cali- fornia and Harrison Streets in said City, across to City Reser- voir No. 2 and then to a point on Norton Avenue in said City near the plant of the Sound View Pulp Company, together with all necessary appurtenances and structures , and in order to pay the cost thereof issue its special revenue bonds in the principal sum of not exceeding 1 ,300 ,000 . bearing interest at a rate of not more than 6% per annum, said bonds being payable solely from the reve- nues of said water supply system and maturing serially in from ten to twenty years from date , all as more fully set forth in Ordi- nance No. 2. 657 of said City." In favor of above proposition _ Against above proposition • Section 5 : That by reason of the fact that it is necessary to immediately provide for an additional water supply for the City of Everett to supply the demand therefor, and in the interest of the public safety, peace and welfare of said City, an emergency is hereby declared to exist and this Ordinance shall take effect immediately upon its passage and publication. Passed this 2nd day of June , 1936. Mayor Attest : 9 City Clerk Published: June 2, 1936.