Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1883-11-21

70 be known as the Canal Rederaptio,
Fund" TO be used under the direction
OF the Board Of Coanty Commissioner
IN the payment Of the interest becomin.
due on said bonds and for the Qradua
payment Of the face of said bonds
which general election will open at
O'Clock IN the morning and continu,
open till 8 O'Clock in the afternoon o.
the same day, and that if the siecto
desires to vote in favor of the said pur
chase and the said loan and the saic
ievies OF taxes and the said issuance OF
bonds, there shall 'se written or printec
on his ballot, in addition TO such othel
matter as shall be properly placed
thereon for other purposes, the word,
For the Canal :" or If opposed to the
said measure. the words Against the
Canal"
Dated this - day Of -, lS-.
Auditor.
Sec. Z. II shall be the duty of the
County Auditor of the said King county
20 give at least thirty days notice OF
the said special vote by posting or caus-
ing TO be posted up at each place OF
holding elections in the said King coun-
ty written or printed notice of the
said election, as in the last section set
forth, and Also to cause to be published
in daily and weekly newspaper, daily
and weekly, IN the said county, gen.
eral notice of the said eioction, stating
the date of the said election, the pur-
pose of the same. as specified in the last
section, and the time during which the
polls will be open in the usual election
precincts and voting places of the
county.
Sec. 8. That upon the canvass of the
returns of the said general election and
for the said special vote, that the Off
Gers making such canvass shall issue a
certificate in triplicate, showing the
total number of ballots cast for the
canal and against the canal respect
lively, and the whole number of votes
cast upon which either the words " For
the Canal" or Against the Canal ~
we're written or printed, and shall de-
liver one Of such triplicate certificates
to the County Auditor and one to the
said Washington Improvement Com
pany.
Sec. 8. If the majority of the votes
cast at the said election, having written
or printed thereon either the words
For the Canal or the words against
the Canal" shall be for the canal, the
said Board of County Commissioners
shall forthwith require the said WASH
ington improvement Company to sub
init and, if approved by them, deposit
IN escrow in some reliable banking
house in the city of Seattle proper and
lawful convevances and transfers, con.
veying to the said King county all the
property which the said county is here
nv afnf,nxpeVa1 IN v,y1rob.ao ard .ls<, 80
submit at the same time an itemized
statement showing the full and true
amount Of money expended and liabili-
ties incurred by the said company on
account OF the construction of the said
canal, and for the land purchased for
the right of way. up to the date of the
execution of the said transfers, and to
submit proof of the same satisfactory to
the said Board, and the amount of
money thus found to have been expend-
cd and the liabilities thus incurred shall
DO the purchase price for the said prop
srty: P,orited, That in the event of
the completion of the sale all liability
incurred aud work performed on and
after the date Of the signing of the said
transfers shall he assumed and paid by
the said county, and upon the submis-
sion OF such transfers and statements
and proofs, and upon the deposit of the
same as aforesaid, the said Board of
County Commissioners shall immedi
ateiy oause to be prepared blanks for
bonds, as near as may be, in the follow
ing form:
No. $500
UNITED STATES OF AMERICA,
OF WASHINGTON, COUNTY OF
Bond due on the. =. day of ........,
lS8. :, or upon the. -. day of ...... of
any year previous to the said 49,. day
Off,. ..1S8.. upon the call of said
county, sixty days notice of such call
being given.
Issued by order of the Court
Of County Commissioners, under
and by virtue of the power
and authority conferred by the act of
tho Legislature of Washington Terri
tory, entitled, An act to enable King
in Washington Territsry, to
purchase, construct, improve and main
tain the Washington canal, as a free
and public highway and water course.
and to borrow and raise money there
for" passed and approved on the. ......
day of. ...... 49,.
Know all men by these presents, that
there is due from the County of King to
....... or order, the sum Of five hun
dred dollars in gold coin of the United
States, with interest thereon from date
at the rate Of. per cent. per annum,
payable annually on the. day of. 49,.
of each year, Mt the treasury of the said
King County, upon the presentation and
surrender of the annexed coupons, at
tached to this bond, the principal TO be
due aud payable on the ........ day of
....... .lSS. -, or upon the. day
Of. .... of any year previeus to the
said. day of 49,. 1888. -. upon the
call of the said County, 60 days notice
of such call being given.
For the performance of all which the
faith of the said County Of King is ire
vocably pledged, a. also the property,
revenue and resources of the said
County of King.
In testimony whereof, the Chairman
of the Board Of County Commissioners
of said County and. ........ Auditor Of
the said County, and ex-officio Clerk of
the said Board, have hereto subscribed
their names and affixed the common
seal of the said Board of County Com
missioners this :. day Of. 49,. .1Ss...
....... Chairman of the Board of Couu-
ty Commissioners. ..............
Auditor of said County, and ex-oflcio
Clerk of the said Board Of County Com
missioners.
Sec. 10. Pror;ded, Tha. all bonds
shall be issued for the sum of i've hum
drsd dollars l$500l, and shall bear in
terest at rate not 10 exceed ten (10l
per ceut. per annum, from the date Of
their sale, which shall be payable an
nually, and such bonds shall be made
payable at such time as In the judg-
ment Of the said Board Of Commission
ers shall be best, but in no case shall
they be made payable at time later
than twenty t2O) years from the date OF
the purchase Of said canal, said bonds
to be payable on the day of any year
before the time when they are finally
payable, corresponding with the day Of
the year when they are sold, upon the
call Of the said oounty, sixty days pub
lic notice Of said call being given: Pro-
risied, hoavser, That in the calling Of
the said bonds, they shall be called con-
sscutively by number, and IN the order
of their sale. Each of said forms for
bonds shall have attached thereto TWEEN
ty faO) soupons. as nearly - may be IN
the following form, and % arranged
that both the first and the last due OF
SAID coupons may be detached. and
laava coupons intact according 10 the