The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-03-09
NoTICE-oFrEcE OF Stair ACnsTOI.
~ OsyEpA wash. MArrA 1 ISsa-

krcpos4ss viii be reserved =. wy once IN
4S.smp.A snt.! y o'elosS meridian On tss issa
g@y OF Asfcas lisa for the purchase Of the
bonds Of fhe state OF waxAirrtnu 20 the amount
o. tnree hkadrsd thousand gsS1G.aa3 ecssxrs; 10
.e issued u pursuance 81 an ees 81 the teslsla-
t1rr q tA15 state. approved February -. isso,
which reads substantially xs follows:
re y enArsed ay the legislature OF the state Of
''sEcTios / That the governor. STATE auditor
and state treasurer Be ana are hereby authorized
20 cor-ows IN the credit of the state. the san Of
aEree MANFRED thousand dollars tsSooaoa. ~ 50
% Een Hereof ~ may be necessary 70 hqaicafe
TIE said Indebtedness. .; rate III interest rot
exceedtng ave f5l per cent per anRuxs. which
none 7. 50 borrowed. shall Be paid ~ any tssae
49, ave yssrs aad within fifteen years. ~ The
sec This loan shall Be made upon state
nonas. which bends shall be signed hy the goy-
s.aos arg = .sssi ey ne secretary OF state IA,
Registered BY the state snditor. 10 shall De the
cuty OF the governor and safe auditor 10 cause
% Dc prepssei for sach purpose eonds OF the
state To the srnoant Of three hundred thousand
dollars tks0ooso.. which shall be of denomina.
Tons not less than one thousand dollars Isl 600
each, and shall OF their face. he made payable
~ any time after I've years. and within fifteen
years, from their date at the option OF the state
Al the once OF the state treasurer, and they
shall plsdre the faith and credit OF the state 20
''see. 3 whenever the interest on the above
bonds shall become due, the same shall be paid
by the state treasurer.
49, EtA tAS HsEf~-u VI prov y tuGI
Tor the redemption Of said bonds and payment
OF interest thereon, the state auditor 10 hereby
authorized and required 20 levy for i've ss con-
secutiye years an annual tax not exceeding one
tenth 4 los Of one ia.li on the Gciar Of the tax
able property o. the state. which tax, when col
lecteu. shall be known a. the Interest fnnd."
and shall be applied solely 10 the payment Of
the Interest on said bonds In the year 1895. and
thereafter, he state su.ifor is hereby authorized
and required 10 levy annual tax of not ex-
eeecing oue-hffh Q-sl OF one mill on the dollar on
Xrf rErsr al Gsx n. wi s4e& fa~
when collected. shall be known a. the
"retcm ption fund" and shall. unfll
such bonds AID interest are paid.
be applied solely to the payment thereof in the
following manner. Wig: Whenever the amount
thereof shall exceed sum sufficient 60 pay the
interest falling due at the next ANIMAL period OF
payment then such excess remaining after set
ting apart sufficient fer the pay melt OF such In
tefest shall be used and paid Tor the redemption
Of SO many 81 said bonds as the same snail be
sufficient - redeem when said bonds are all
redeemed. and all interest thereon paid. the
residue of said fund. and all subsequent eollee-
lions OF said tax. shall be transferred 10 the gen.
era revenue of the state"
The bonds will be sold to the bidder or bidders
who will make the loan provided for in said act
az the lowest rate OF interest 10 the bidder or
bidders Offering the highest premium for said
bonds, bearing interest ~ the rate OF hve per
cepfum f5l per annum. as may be determined by
the governor, state auditor and state treasurer.
T. NJ. REEp State Auditor.