Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1886-07-29
ORDINANCE No rs.


Al ns anca 10 arsnse q zrseaa lnn4 -
NInnk xaza IN &T4m4 Aa4 xAlza 81 sszss
u b0f1em memey ID 80 aaanaas y -
GO Ter the nna1k a xzeh speelal fnn4
aad AmtaKEnx The iazuaHEe Ct MesSn-
tails Eaaa h09az. With nEEet BE Inter
eEt cunpazas 20 secure susa iaans
Ea10S q. Ih&t q SPECIAL sund. % %
kn1grn a. the Grsna 6z2as p.ank Bead
Nand. BE and tie ssnHe = hafehy erea1ed
sse she pa epa1e a. prngiaEnE sad ae4fiME
apaE9 s1EielaEG EseneF - pay me COST g
c1nazxncsl1E The Fiazk Eaaa IN Grant an1
aecnFdnnee with TIE pr0Tizi9ns e uxai-
nanca No. Faa ef said city.
sec. ! Tha1 negus Be honds q tie
Ei1y % the hn1cEnt Ct EweDEF 4AeEs411
dollars shall Do issued - MeazE5s a +
Ksnwn1ng & Co, bankers q th4 cry o.
HeArsA&, Upon tie h1Exizs a1ateA q t1e 9so-
a8itiCE Of aair s. q AteN14nE g IaAs Ter
kAa parchasa OF anch h3na4 noW On de
ID the Ctr Clerk c1llne. that i 70 Aay
said bonds shall ha twenty IN number.
each Zoe the principal sa1n Of enc xAoua-
and dollars. and STALL hear Interest s. fhs
rste Of eieht pr cent. PSF annuM rem
the LIST day q SsHtefn Der. fS68 until paid.
Al of said bnns ehaA ha dated the 1at
day 81 September. 1855
4 he principal and interest Ct said 6onGs
shaIl Be payable il United sta es gold
CON 81 the banking house Of the FRsners
k.uan and Trust Company. in TIE city q
9ha principal ard inaersstot said honda
shall - pa 4 out Of the sid GRAFT street
plank rad fund.
The Interest % said bonds shall be pay
able sezni-AnnE ~ On the ist day or
Mach and Sepsem bar at zach year.
Tiers shall be 9 caapon attached %
il atallrns nk Of Interest EheEeun. wnfeh
COUPON must b. Earrend. ed nf the Tins Of
pNFmant n the fnstalImenk Of antal est
for which the same is made.
The prinetpd Of Nos. 70 S lnclussve. Of
said beads shall be payable on the Las day q
sspfemhsr, 1895.
Ths pFEnsas Al a Nos. 9 70 10, fersusive. o.
said bsnxa shhl be payAhle on the LIS dag Of
Sep1amhar 1871
Tne prlaci lcf Nos. II 70 is. Inclusive, Of
sid boaas shAll Be pa1ahas on the lss aag Of
lbs prlncipai q Esa. is 70 %, inclusive. 81
sid hona snail Be parable en- he Isl dag Of
SepsemtER. 1ra9.
said boada shaH ke delivered % said 3. B
Downing 4 CO. nt he banking house 81 tee
r rmers' LsaD and Trust Company, 10 tia
9 g. o. Hew York, upon paymens being there
maae to tbe city q the SUM "a fwensy-ona
Thousand, four hundred ana ak dollara. that
being the amount. tnesudin9 D EN- tim. Of
tsred far said bonds By sAid Z B. Downine
4 %.
sEc. ). That he Mayor and Clerk Of the
city 81 Seattle Re. and they are herpby. Axtn.
0rszsd and directed. In The name and on BE-
hall ofth city Of Ss3ttle 20 sign, seal and
deliver said bonds. With he interest coupons
afsacAed - above provided and 10 recsfve fol
1 the same said sun Of twenty enc thousand,
fear hundred and six dollars
$50. :. That khs whole amount 20 be 10.
ceived for said bonds shall be placed In said
Grant Street Plank Roaa Fund. aud she eu.
ire cost Of constructing the plank road in
Grant and Eighth streets, IS provided b. or
siinan = Ne. 40 shall be paid ont Of said
special fund
sz0 8 That ninth all Of said bonds shall
have BEEN redeemed, the Treasurer Of the eits
! 81 Seattle SHALL reserve q Eufhcient sum ron
the general read fnnd 81 the city 10 pay ths
interest upon the said bonds as the same
shall oecome due: and be shall, ssmi.anna
ally, On the fat days RI January sne July. se
spar from said general road fund 4 sniIicieni
sum 10 pay the ms Allment Of iatarrst on said
binds next to become due after said dates ID
eaeh year. and translef such sum into sait
6Haut Street Plank Road Fund for the pnrpom
Of paying such instAlimsnt Of interest whcr
due.
sRc. 6. That TIE Treasurer shall. on ia.
1st day Of January, 1896, commence e. reserv,
from the general read fund Of the cafy mons.
1 10 redeem said bonds as they mature. and con
time so 20 reserve until all Of said bonds shall
have been redeemed; and he shall on the Is
day Of Juiy, 1896, set apart from said genera
read fund q sufficient sum to pay In fuli anf
Iredeem Nos. 20 s, inclusive, Of said bonds
and transfer ssid sum I that purpose ints
said Grant Street Plank Road FHnd; IN,
Thereafter he shall annually. on the Lei day o
July in each year, until slf OF said bonds shall
have been redeemed, set apart and transie
from tbs general road fund to said Gran
Street Plank Road Fund = sueleient sum Il
pay In fun and redeem such Of BAid bonds q
shsll mature and become payable on the Is
day Of september, Of the same year.
Sac. Z. That each year hereafter, until al
Of said bonds shall have been redeemed, xon,
taxes shall be levied by the city Of 81 attle an
der the provisions Of section OF the charfe
Of said city, 70 an anount Eufhcient 10 pro
vide means to pay the amount Of principe
and Interest 20 become due upon said bond
during .eh ensuing year, IN addition 10 To
amount necessary 70 be raised for other puE
poses under said section OF the chartar
SIC. s. TRat this ordinance shah take ef
feet and be 10 force irom and after lis pas
sage and approval.
Passed py the Common Council OF the Gil,
OF Seattle the Esd day Of July, 1856. And ar
proved By me the 2Sd day Of July, 1885.
H. L. YRsLER, Mayor.
Filed Jniy %. 1856.
" X. fnRnE T, Clerk.
1 Ruh4i6hed I4ftv u 1sAR