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COMMISSIONERS' PROCEEDINGS-N
JEFFERSON COUNTY, WASHINGTON
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prindpal and int,erest t.lll?I'eof, cltld creatin.:; 8. fund for their payment.
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\'IHEHE:\S, :\t '1 ,q"p.ci81 election held in ,TeffeJ',;on CO\JI1ty, WashIngt.on, on November 7,
1950, the wlmber ,md ;>roportinT! of' the 11.l8l.i.fied e1ectors of the County required by l[w{
for the L\doDtion thereof 'loted ill fw>,ol' of f\ J1~''1:'osi t.ion rlllthorizinS the i :3S\lanr.e rlnd
sale b~' the' C'1lJnty of its C8nerpl obli;,,;ution bonds i. n t.he total principal Sllm of not
to C.Jyceed ~;1.50,OOO f'1r t~:Q purpose of payin~ pl1rt 0f t',hE' r:N:t of cOllstl"'1J<:,t,i nt: rl hri:l.;.:e
r.rmnecti nE;; Indian uncl MRrrO\'Istone Isl?,nds ill ';:,j d County ...lith tLc 'll[linlc.l1d; and
",'HSHH;^S, ;.1". L' dee!T1ed to he to the b~st interest ;11' tr:e C'11tnt.y 11no i.ts inh<:1hHents
that "Clid ;i~1.50,OOO of honds be n'):'1 solei to l'rovlde p::\T't flf t~1" f\lnds ner;essaI'~r for said
purpose j
NO'.',', 'IHEREFOR)~, BE IT FSSOLVED by 1.1:8 llocir~1 of County C0n1l'lli:Jsioners of Jefferson
COilnt~~, WCl::Jhi n:tcn, ns foll",,~."?:
Section 1. That i.n order to provide par't oj. tt:e funds for t~le constructi on of a
concrete cmd steel c:rmtilev8r tyre bridee connectill(!; Ino.ic1l1 8nd 1I:E,n'(I...lstone Isl,mds '.,.Lt:-.
t!,e mainland at a ;~o;.nt a:lproxi,fl1f1.t.ely 500 feet from the l1orUnl9ster'ly end of !,f)rt:.q~e Canal
with suitable and necesc'ary approaches thereto, [If; provided in Hesolution No. C-J.2,
of the B08rd of Countj' Commissioners p8~sed 1jC't,nner 6, lY50, and us a;)!Toved by the
qualified electors of the County ,:1t D. sreci.al electi.(ln held therein on };overnber 7, 1950,
the County shall issue ami sell its General ohligat.ion bonds i n t~,e f'r-Lncif'p] S'lm of
.~150,000.
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S,d.d bonds shall. be deted !\.prE 15, 1951, she,ll he in denominations of ,~l,OOO each,
shall he numbered froM 1 to 150 incl',slve, shRl1 (Jp.eT int8res1~ et ? rate of not to exceed
6% per aflnum payable semiannually on the fifteenth de.ys of ;\rJriJ. Clnd October of e,lch :'ear,
shg,'.l be payo,ble both rrj,ncipal cmd int.erest in l;w!ful money of H.e United Stnte: ofAm-
erlca I't t.he office of t.he Jef.fer~~on County 'l'reo.surer in Port 1'mmsend, ~lashirlLton, and
shall meture in order of their nUi"nher ;::8 fallel1'ls:
!\.pril 15, 1953 ~ 9,000 April 15, 1960
April 15, 1951, 0,000 !\.pril 15, 1961
Aprjl 15, lY55 10,000 April 15, 1962
!\.pril 15, 1956 10,000 April 15, 1963
April 15, 1957 10,000 April 15, 1964
April 15, 195$ 10,000 April 15, 1965
April 15, 1959 11,000 April 15, 1966
!~U,OOO
11,000
II , 000
12,UOO
12,000
1:2 , 000
l~,OOO
The Cc',.mty her'3b:r rp.serves the right to redeem any or all of t!1e outstanding bonds
of said issue at jll'r in iwrerse numeri cal order on any interest l):nnnenr de,te nn and aft8r
fjve years from date of issue by ~vin~ notice of such intenned ~e~emption by one publi-
cation thereof in r,'\e Clffi ci21 CO'li"lty nevlSp:1rer not rrJore then forty [l"r' less than t,hirty
days prior to s8id redemption date. Interest on Any bond or bonds S0 r.~lled for redemp-
tion shnU. cel\se on s'Jch I'edempti(ln delte.
Section 2. Said hands sha1.1 I)e kno\'1n as "Jefferson COlm1;' r;enerRl Ob',; Cr>ticn Sri.dge
Bonds, 1951", awl shall be hi :3ubstcmti.ally the fa L!'1h':i,ng form:
No.
,;V I, 000
UNITED STilTS'J (;F n''ERICf,
'.: '['J\ Ti~ () F :.J!l:,!i Ii I G TO N, GU If N'l'Y (J F ,]:<; F' F!~ W' C: 11
GENEH!.[, (J~lLTG"TI(II: ImIDGE H(IIJD, 1')5)..
KNO~'! i'LL !:EN BY T!!:~SS pf(F;'3;';;J/l'S:
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That, ,Tefferon County, a municipr-iJ. COT'I'Or'i-'ti.on or,::rlrli..\Ced '~lld exi stin;.; Ilnrl';r .::\nd
by virtue of the L.:I'.'-'s ')1' V'\e 8t.:'1;e of ~'lashin~ton, 1..3 ,justly .indebted anrl for v:.tll1P rp.cei,"ed
hereby promises to [.'ey 1,0 ueC!rer on the 151,/1 da,' C'i: April, 1')__, t!1Q pr:inci.l'f,1 ,;JIm of
ONE THuIlSM1D DOLLf..F(S
to;:;eth8r ...:it.h inr,r~rest th,"l'f!on .:tt thr:: nLe (If 1; rer~'nrl'lfl1 :'"yl.\b.'.(' selOirulTllIO'Lly on
t,he 15th day.; ')f Ai,r; 1 '.ll\d I)f:l(,her 0f 8Vr::t' yor"l'~ ;"re'lr~lit:!t't0n mJ'1 'J'u'!'f\nd('r of thE;
vtt,9ched int.ere!;t r.OUpOllS U:) they s'!verlJl.1.y lJecl)L"J due. Hot.h ;!r'illr::ip::ll 'u;d l:it.''I'I,'st of
this bond are pllyable ill 1,1~'lfuJ. nlO1l0)' ()f th'J lIn!.l,pr[ JVt\',l~.1 of' t,m""; Ci:l lll, I,!~!? office of
t,he Jeffel',;on C'.1unty 'l'l'e':1SlIrer in !'0)'t 'l'()\m~Jf!lld, '/:','h11Ii.;t',rHl, ;!nd f"lf' t.!:'_, :,r"'npt :,'"l,)''ll01lt
of the prillr::1.pnl !Ine' ill',<.rl'f1t, ,)f thi.9 bond ,'0 th(, f'lime .,1':,\11 b('c')nlf~ rl'10 1.11(: f'IJ11 (',ith,
credi.t und rerlOurceo rlf t!.r! Count.)' "re liprtlby i l'l'pvnr.!lhl.:' :'JJ)r\L:'HL
Jeffer:lon COIl!lty h'u', I'eser'ved (,h'cJ rJjlt to r,,(lef;m '111:/ nr' ')11 ,,1' ~',II" ')"f'~;V r,dill~:
honds of thl:.3 !.CC\lO 'It ;'clr in In>'(~!'8f! numert (";1. nl'del' (III ['n,' i.llf,pr', '1 ,,[,;,!n('nt. r1.::I1;e on
find after n.ve yo"rr; from drd,'1 bel"'0f b)' ,;i"in,: nnl,;cc ()I' "111'1 ;111"11'1,..1 1"'deCI;",I'I"1I t,;,
one publi cPtion Lhel'flnf ; II tI'e off1 ci.:'l r:O'lnt;r n0'1!"'1"J~)0r 110t. rlllJ'" t..'J'1l ,'rr1:"";' Ii',r 1.0S[;
than thirt;r dny'J prior tc' '1nid r'nrJemrt,joll rl"te.
Thi D bowl i:J otH" (>1' Iln ; [j"'l1f;> or 'Inll rI11nrll',~d rift.;, h"I.d'; uf 1 I :U: '<111111'111" (h 1,(' :'n 1
tenor, nL::~r'eC(ltln~ ~l~CI,UO() i.n t")t<'l ;,Y'l IICI ;'/,1 11"10Ilrtt, '11,1 ,~. I ~!';II,:'I f'nt' 1.,1". ,'1";'1)!1(.'
of rrovjr.lin~ pnrt r>!' 1.11': I'uw!:J J',))' COilS! l'ucLJ 111':: I' IWi,I:,;Q ("'1111'1<:1. ill.'.. [II! i'll: '111'1 r:/'IJr'(Jl':-
$tone Isl.ell1rJo witr. t,:JO nJ:II.n 1.:'11'1, f1 L1. In LT,.)I'f"!l'!IUIl C""nl y, ':in!;!,ll!,.;;"'"
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'rl,i:J hond !.:J furt,llpr i ,JI.'\Jud i''lr:Il.l'II\L I,,> 'II ""',ed'''1 ~"lt,II"J'I" i II 1.:,0 ,;"111", "1101 ! I,
ocr.orrlnnce ',-11th duly ,,'lopt<:JcI l'(!:;ol',lU,on:J ",f Ir(~ 1I":,r',1 "I' (;""111:: Crl'i'lii "'i,.'1I':>', <I,d 1..1
further :l.snucd tn n t.r'l.r:t r,om'>],i'lClce wj 1',Ii 'HI !.ct of \',II'} L'J I !I1,"1 ':11,' "!' t ';: """ II: ,i'!"'-
:tngton enti.tleri "AN Id)'I' 1l1lt,1';H'1.:'111~ (II\'I el'1:''';!~'r'lrw t.he ")';~'ll\I~'url C"I'li1,le'l ')1' 'J',,' ;1'l:c
of WashinL~ton to COIlLI'IICt. I ndolltedno:J!1, 1.11 t'I~'le l10lldrl ,'or J'lIndlllG t!:" ~'''I'', ;'lld ""':1.: ('llI~
nn emergency", ap;,rflvod Murch 21, l(1')O, ''1'1'.1 1'1jth t!I" :'\'()v1.'d,nw~ 1.1' ;111 ,,1.""1' ';1 '" 'II I'~'
nnd th/:l .Consti tution of the ~Jt;, I.e of i/lI!Jhi'l[;torl.
Jefferi;on Count)' f\E'I'nby IlTcvncahly pl.udC;t':J i.t:JE'l.t' to tllel,II'l/} 1.11 1.1 ~1 1,')1',1,01 "1.'\ I.evy
taxes annually within Ilnd l.l:J 2, [111['1; oj' 1)1(' t."x 'l1L'..1fl,~o l(,\r> i''''I'I.ri1IF!r.! 1.1) "'''1111',..':: ','l.t;""IL
~ vote of the people tn an Mlount. wbir:b, ...1J.th road 1'lIn,jr ,d,' t f'() (;'111'11,;, (.11"1.. ~"I;' I'f;!
ttvailab1e ench yenr for such pur:)OflO, ''/ill he :;,tf'l'icl'.o'IJI If' :"1.' 1.)1" r'I'i.n'~!r"~1 ::1,.1 i 1,1 ')f,(.~;t:,
~f saidbonds ns the 311me 3hnll becrJme rlue,
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It is herehy certified and declared 1;hut 1.1.11 tiCt:l, c0l1'HtillllC IITleI thLn2,s r'e'llJi,red