The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-11-14
FACING THE FACTS.
What the Taxpayers win Have
to Pay for.
THE LIMIT or INDEBTEDNESS
With s1,75S.ooe Liabilities. the City Il
Eaterins Upon Al Annual DeA-
cheney Of os0o, 900.


A. som n the citv rcnrcsl see. th,ou.h 18th
the ssixrv t,rdinsac. A. = 4 Tern 80 .,,..,scr =,
tue irden,edps.s ~ ,ha ci,. Tn. ,r..,s -, -
funding Il vas rssss ! IN tns let hs,,r. - ~.
old cou ell. but he than c,tv astornsv M IF
Shepard. took ths sy.n i s. :, -. c,sv ma -.
ready rescned ths ss,ss. - -. =. 80. a.
rrctiou. Tho noins 1. covsr.s - .sc,,cr -
Article vIrr ~ n. 49,. sr,,.,s..sso,, -h,on
reads - folIovs. .No ccnc : c,t, s,wr school
dissr f.t or q her r.nni.ss.t sa..,,..,a, .s.i,
for snv nurpo,. hsccr.s - $500, 800.
70 an smonnr err sa,r~ ~ $500 800 -.
tax xb!s properly il s,,'h cs,r,,tv - 900
. ool dsrrict az cth., -, s.;..., - ,..s,s,,
without the a .ert az th,se. attrs - ,ns vo,s,.
Their In vntirs - - : -, -, =. - Ma 80 ~ -
rurpsae nnr i, 60. ~ -. .sh - -,
the total fndrhsednee. - a., 100 a~cssd
per c@ntum an ~. ,sv.s,. ,....,.... s,e..ss. ).
be ascertained nv 4 lar s.s.ss,r az, Ia s,s,s
and con t. nurnnee. r,.v4c,,. :. ~. t,,.r,,,r.
OF su.h ,ndebsSdness. &C.,, ~, =, .mo,.,,,r'
atsd cities the - ssment nan \. ,.r.r ,,n,,
the laat .se.eer,.,,s q. 80. -..-..... :
provided fnrtnar sh.t srv e,sv =. ter -.th
such aasent nav = .iio -, - hasor.s - s,ssd
70 . lsrrer amount hus rcs sv..sa,rs - !. ~,
Additional =, ~ riv,r. s,,sh No. =. 80. -,,s
water ARTIFICIAL lisht ana .ew.,s .ha, en-. ,vo,r.
for suppvins snch -s,s, mrh. sra ..,v.r. .n.S,
BE- owned and cousrolied h. tha ,..r,c, r.,itv -
The enahlinr .ct .n,,cvaa us-.h o. ,son -
titled can -, - ,,,cr,ds 80 49, .S..s,.~s. -
cities h.viny ,crr,s,tnr -, so n,o -
more inhab,tarts.n irt.rrrs,. ths cons ,,su,,or
T.sanv an s -. sh., 49, ,.-s-ss, :. sassa-.
(Se .tiou 4 fourth era .ra se,h 49,. -.
.sFourth-To ,orrow orev -, cc-,,o..,. r.r.
posea ON thu cre {, ~ ~. cc-,.,,.,,c, "a :.
issue neeotiahle monde th.,aso. - .,.cn 800.
tions and 4, such = nre, a. Ill =. - .oshsn
In It's chart Z: bnt no CIV shali. in snv = IN -
or Tor any pnrnoea hrco,ne ina h,sa -, a.
anoun, in the .gvra,st. - .xcs.a IN -. 80.
Of the Va us of the t.v.hi. NJ. re,,v ,ne-.,r =.
be .scrr,alned nv the lsst s..s.sm.r, s,,r c,tv
nnr,nsas rrsv,or. :" -. IT,, -. = o ~.
debtsdness. F.ftn-To issne honda IN mace of
or TO supply means to meet MATURING bonca or
other indebtedness. or for the conso idation or
funding ii he same"
An, ther law ha.r;,. IN -. .. .r,,.,, :.
that one approved Marcn !, 1890, entitled San
act authorizing cities aud towns to construct
internal inprovem .nts and TO issue bonds 70
pay there or" which refers TO the same INIT
namely, "sut c., however, 70 the condition
that the tota. indebtedness shall not exceed 10
per ccntum Of the taxable properly shown In
the last assessment roll" This law has been
declared by the supreme court a merely sup-
Elemental to, and not superseded by the act
Of March 49, but . law beari, 2 even
more dire thy upon the subject 10 that approved
February Is, entitled IAN net author z,nR and
emp0w ring citig ana towns organiz. prior to
the adoption Of the state Constitution 10 ex end
their credit and TO funi their ind eb edness."
ETC.. which says any such city nay borroS
money or contract 1 debt ,dness for strictly
municipal purpose mp to per cent Of Or perry
valuation, . d In kection 8 provides .sthat any
city or town described In the first section of this
act shall, In addiu,n to the power granted in
the preceding sectious, have tns lower Tn rough
its council to borrow money or 70 contract in
debtsdness in an amount aot OK eeding per
centum Of the taxabo property" for the pur-
pose of Supplying such CITY with water, artincial
light or sewers, when the pants are owned By
su' city.
Ex-City Attorney Shepard has held that II the
limit OF per cent VS. reached for the specisl
purposes, the power 70 incur indebtedness was
exnausted, and The second peI can't could NOT
b. iucurred
Il has been commanded that vfth al ,h... In.
terprstatios in Il, favor thu clear tptnt q RI
per cent nav be appli, 20 erne 8 mmn,c,nsl
purposes and no mora. Init IN ex.-.. If maj
no mater on what order incurrei !. further s nor
cent. N y be incurred for the special purposes
Never heless. IL must be adm,tred that the con-
eti ution in the aovsreirn AUTHORITY ana the
II euaaa ia such a tn aiiov Of tna unfortunata
construed Int upon IL No bon conid he
ssfoly noated while such daw in their An an.
cial purity WAS disceruibIe " the keen.aiehted
exp.rta who make such test.
Major kinehart. Of the board OF public works.