HomeMy WebLinkAbout0941
No.
Dat,e of Issuance
Amount
I
COMMISSIONERS' PROCEEDINGS-N
JEFFERSON COUNTY. WA,SHINGTON
THIt L.lAClltft CQ~
Jefferson from the Federal Governunt from foref;t reserves, now therefore,
HE rf RESOLVED by the Boprti of County CommissionerR for Jefferson Count)', under
and pursuant to the provisions of Section 4057, Remington's Rp'\r1..sed Statutes, t.hat
said allotment and the whole thereof shall be expended for the benefit of the pubHc
schools and public roads of Jeffer:lOn Count~', and not otherwi'se, as fol10w8:
( b)
(c 1
( di
The first !~\l,ROO.OO shall be expended for the use Hnd benefit
of the County Superintendent of Schools for the nurchase
of 0 new l?lll;0mobi1e so <'.'3 to properly permi t, hlm' to carry Ollt the
duties of his office, and
',I.'he 8um of ~62,liO/~.18 to the County Road l<'und ~
Th.;l Bum of ;?2,600.00 to Scho01 Dist.rict liD. 40, n!"J.II(IOII.
The remei.nder, ,i~65,IJ01r.1r\ t,o De allocated us foll.ows:
( a)
School Distri ct No. 51, Port TO\vns end, lf8~~ ;~317 202.01
School Distri. ct No. 49, Chima cum, 21.351~~ 13,879.04
School District No. hf~, l,Juilcene, 1l.ltB~& 7,h62.1;$
School District No; 46, Brinnon, 16.035% 10,lf2J.42
School District lio. 20, Cl~erwater, 3.134% 2,037.23
BE IT ALSO RESOLVED that Resolution No. C-140 adopteci Febru3.ry 9, 1950, is hereby
resci nded. )
ADOI''l'ED THIS 19th ds.y of FebrL'ary, 1951.
LYALL AREY
CHAIRMAN
SEAL
J Ai,iES C. nRR
Member
ATTEST:
HELEN J. EADS
Countj' Andi tor and ex-offi cio
Clerk of th~ Board.
Resolution No. C-146 relA.ti.ve to issuance of funding bonds for Current Expense
was signed as follows:
BER'l'IL KRUS~___ Member
"
I
RESOLU'l'ION NO. C-l1t6
A RESOLUTION of the Board of Connty Commissioners of Jefferson County; \'lashington,
providing for the iS8uance and sale of cener::tl obligati.on fundine; honds of the
County in the sum of ~~22,OOO for the pl!rpOSe of providine m)ney to fund '1n
approximately like amount of outstanding ree;isteree. current f):>...pense warrants of
the Count.y; providine; the date, form, terms end mat.urities c;f said funding bonds,
for annual tax levies to pay the prj ncipal and interest thereof, and creatinE: a
fund for their payment.
1JlHEREAS, there are now outstffildin~~ the following regi stereEl c>..\rrp.nt exrense V!3.rrants
of the county bearing tnterest at the rate of 3% per annum:
7938 3-15-50 JI00.00
8137 5-12-50 .90
$222 6-15-50 16.$7
8671 11-1- 50 12.50
8681 to 9105 11-1-50 to 1-15-51 21,3],7.)6; and
WHEREAS) the County does not have any nl(meys on hand in its current expense fllnd to
redeem said registered werre.nts end pay the int~rest due thp.reon; ami
l;IllEREAS, Rll of said warrants were if1iiUed for m211datory e=Tendi. tures r8quired by
law for purposes necessary to maintain th~ continued op':lration !lnd existence of th8 County,
and were ell jS8ued within th~ ;mounts appropriated ill the 1950 h>lriget for tl:p purposes
provided i.n snid budgetj and
1tJf[EREAS, t.he County has been unable to make C!ny provision for the payment of said
warrants in iti; budget for the year 1951 because all of the antici.pated lllcome of the
County for said year will be necessary to pay the essential find mandatory costs fmd
expenses of the COlmty for said yearj and
!,'lHEREAs, it i.s the opinion of the Board of COllnt~' C()r~mi.s3ionp.rf1 nr'r fuijding brmds
may be sold at an intere';t rn.te less then 3% thus resl11tin[; i.n ~ sqvinL: to the C;()lInt~';
and
\'IHEREAS, in order to put the County's current eY-pens/) fund on ,'] cash h'Jsis i.t i.:o
deemed to he to the best interest of the C~lnty that it issue 31~ sell its ~enerRl
obl'lgation funding hands in the prj.ncipal sum of ~~2?,OOO to pay the [lrincipq] illld 1. nterer:lt
of the outstnndL.8 current e: ,:>;3Ose warrEmt s heI'et.ofore de:1crJ. bed,
NOW, '!HEP.P;I~ORE, BE IT RF.SO[,vrm by the COllnty Commifld.f1l1ers of ,}ef'l'er"nn C/)lInty,
\'!ashinLrton, as follows:
Sed:lon 1. 'I'hat for the pur:'osB of prov.tMnc fllnds to redeem t,ho above de!)cr.ihed
outstanding registered 3% C1l1'rent eyperwe wlcll'I'i\nt'l of the COllnty, to "~ilY Lhe C'(:Cl'lwrl
interest on t.he ~Jitme to th Fl dnte thE.j; they wi 1.1 be called, :JlId I.!w CO!:3t (,j' fundi n' ~J':d 'I
warrants, the County sh'lll j D~.;Uf) Imd sell j t~ c;orlOrnl 011l. i.'::;:lLi(Hl fllTlclinc; b()nd~J i.n I,he
principol sum of :u\22,OOO.
Said bl)nds shall be r13ted .^.priJ. l, 1.~)51, [\hn11. be in denor)1),n'"vi.'ltW ()(' ,:,:500 e:lch,
shall be numbered from 1 to hit inclll sive, shull lJe,lr i.nterest. tit the l'IILe ,,[' 1I1)t; tr1
. exceed 3% per annum ;1ayable semiannU1ll.ly on the fir-Ht day!" of !\pr.i 1 :IIIcI lJcl:.(d'~H' or e;'~h
'Yl'Jsr, as evidenced hy coupons to be (lLtncher! to nn1..r1 honl:!:l, :md nhnJ.l m"L'lro i.1I ordf1r
of their number os follows:
April 1, 1953, r::2,OOO
April 1, 1954, 2,500
April 1, 1955, 2,500
April 1, 1956, ~,500
AprU 1, 1957, 2,500
Both principal nnd interest of soid hoYl(1s shall be r1nyoIJlo 1.1'1 J.uwful rl1onoy lit' tile
['United Status of America at the office of tho COlll1t~r 'l'r~l(18Urer in Port /J'O'.'JrHl",nd, ','1.'.101: i il:~t.on.
11 The County hereby reserves the rj [fit to redeell1 (illY or all of Ute ollt!Jt:lndJ n~ b)JJ'l:J
" !IOf said issue at pRr in inver8~ numedc<.'J. order )11 nny intere!:l; payment; r11~\.e 0n 1'1J'l nl't.er
I . ,
Ifivo yoa1"8 from date of issuance by giv.1.nL: notice of such .1.11tllndod !'(!dOIl1f1ti.Oli by one
~,' .,'" . :ipubHcaLion in,the official county newspaper not mort:! t1'1<ln forty nor' las:1 t.h~~ dtl:l:,S , "'" II
~.-;~IlIiIIaf-'!.I:...._A;:1~""~~~T..!;l~~-_
I
A'lril
A!)r11
/I pri 1
1\,11"1.1
1, 1 'j ~ Il,
1, 1')59,
1, ll}(,(),
1, 1961)
~2, 5(1)
2,500
?,500
?,500
I