The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-12-12

ing an ordinance passed BIZ tire city council 70
fHnd the kxsd Indebtedness Of the city, 70 that
u fna. be raas.e iess burdensozse 70 tie c1uzens
ana ssIYayers, and yCu ss< MY opinloo IS %
tre validity Of snrh ordinance prior % 5oiir af
rfyysl OF tho ssrse. ] beSesi fh brisny comply
viii yguf request:
Ia the city ef seattle b. the last assessment Is
seccnd-The bonded Indebtedness Of the city
Is ix5g1c. This wss for sewerage and water
This last ssnunce, IN riew Of the subsequently
quoted constitutional provision specially cali
your attention To-
Thsr6-The Indebtedness cen never exceed 10
per cent OF the ASSESSED valuation After Per
cent. OF the Indebtedness has been reached, icT
general purposes, another and additional per
cent Of Indebtedness mat be created By bond or
otherwise by fhree-1ltbs vote OF the people,
srd for the purposes Of water, light ard sewers,
50 designated IA ordinance 1873, approved ApEii
a. 80. This wa the ordinance on which Inc
people voted, sna under and By virtue OF which
the sewer sad water bonds we're Issued
Fourth-The ss55.o1o bend iszue did not exceed
the ger cent limit for that pzTposs-
alton IS over 81 .s0D1
In order thai The whole subject may be before
ron. give herewith.
division 5. Of section y, article {. ito borrow
money for corporate purposes on the credit o.
TIE city and ~ aufhcYIZe the Issue OF neguttaDae
bonds therefor ou sueh condition or eo1dltioDs
Charter and the constitution and laws o. his
state bot the Indebtedness shall 81 no tine ex-
ceed II the Aggregate % pr centaT1 OF tae Faiue
ci au taxable property IN sasd CITY, srcn value
% be ascsrssined and determined By the last as
sesaIaeut for city purposes previous 70 the IN
curing OF such Indebtedness. and EndeT the
Sons above stated 20 authorize the issue q
bonds il place OF or 10 supply the means win
which 70 E1eet maturing bonds or other In4spt-
nest, OF for the consolidation or funding Of the
same; provided that no bond o. set OF BONDS
years.
. The statutory provision, subdivision 4, Of
section 5, page 81 Of laws os i3cs-.e, TO
borrDw money for corporate purposes Oh me
credit Of the corporation, and TO issue negotiable
bonds therefor, on such conditions and II such
manner shall be prescribed ia its charter, but
no city shall in any manner or for any purpose
become indebted 70 an amount il the aggregate
70 exceed II Per eentuTn Of the value OF the tax
able property therein, TO be sscertAined b. the
last easessiasni tor eiiy purposes previous 70 the
9 section OF article VIII OF the ccnsii-
Triton. "No county, city, town. school district
Or Other municipal corporation shall TOR any
purpose become indebted in sny manner 20 81
amount exceeding II per eeE1tsm Of tie taxable
property IN such county. city, town. school dis
tEict Or other municipal corporation without the
assent OF tbree-fffhs OF TIE voters therein, Tot-
ing at an election 10 be held for that purpose,
nor IN cases requiring such assent shah the
total Indebtedness al any tine exceed .
PER centum on the value Of the tax
the last assessment for state and county
purposes, previous 10 the mourning OF such in
oeoiecnesss except that IA incorporated cities
tne assessment shall BE- taken from TIE last as
stssrsut Tor city purposes; provided, that no
Tarf q the indebtedness allowed IN this section
shall BE- incurred fer any purpose othe. than
strictly county, city. town, school district or
ether municipal purposes. provided further,
that any city or town with such assent may be
allowed 20 become Indebted 10 larger amount,
b1t not exceeding per centuTn aoditoual for
supply ing such town or city with water, zrti-
nelai ns1t and tewers, when the works for sup
plying such,,wstsr. light and sewers shall De
owned aud controlled By the municipality.
sixfh--ScT, iu my opinion, a general in
debtedueSs nIsy exist mp 70 or under 5 per cent.
Of Ihe assessed valuation By the consent OF the
people, and that an additional Indebtedness
H1ay be created By the consent Of the people for
water and sewerage, provided the whole does
DDt exceed 10 per cent. 81 the assessed valuation
OF the property IN the fity. and thnt bonds may
be issued Tor both classes Of indebtedness, pro-
ysded the 10 per cent. limit Is not exceeded. The
issue Of bonds for the special or enumerated OBJ
icet does not exhaust the power Of tie city
council