The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-03-13

NOTICE TO PRoPRIEroRs-EsTIMA
~ for passenger and uvsshi elevators. dumb
BY ]. Frledlsnder. 50 cosanhia. sole aseat scs
prominent Eastern Manufacturer Pisns tos
All klnds Of bsaldinrs q the lewess termA
NoTIcE-orFicE OF STATE AuDlroR,
~ olympia, wash. March l. lsso-
o,r 0Ps.a ,,, MI o rssesed :. my etes iS
day Of March. isso, for the purchase Of the
bonds Of toe state Of WASHINGTON. TO the amount
o. three hundred thousand tssoc.oool collar; to
B. issnsd in pursuance Of an ACT OF the Issisls-
ture OF saia ss-le. approved February 2s. 1880
which reads substantially rs follows:
BE II enacted BY the legislature OF the state of
.sxcrIox i. That the governor. state auditor
and state treasurer be and are hereby authorized
70 borrow. n the credit Of the state. The sam of
three hundred thousand dollars $50 ono or 50
mnch Ia reoi ~ may lie necessary 70 liQuldAte
the said Indebtedness 81 rate OF Interest not
exceeding i've 60 per cent per annuIa. which
money, 30 borrowed. shall be paid 81 any time
After ave year.. and within liieen years, Ct the
option OF the state.
-seo. 2 ms lean shall be made upon state
bonds. which bonds shall he signed hs tho gov
ernor and 81 estec by the secretary OF state uu-
Ger the sea of the state. ard euuntessigned aud
resissered By the state auditor IL shall be the
TO be prepared Tor such purpose bonds Of the
state to the amount Of three hundred shcusand
dollars tsoo.oool. which shall be Of cenomina-
each, and shall. on their face, Be made payable
q any time after i've yearA, and within fifteen
years, rura their date, ~ the option OF the state
~ the once OF the state treasurer. and they
shall pledge the faith aud credit Of the state 10
the payment thereof.
"Sec Whenever the interest on the above
bonds shall becon~ due. the same shall be paid
by the state treasurer.
"sec. For the purpose OF providing fund
Tor the redemption Of sAid bonds aud payment
OF interest thereon. the state auditor IL hereby
authorized and required 20 levy for ave % con-
sectitiye years an anssual TAI not exceeding one
tenth n i01 Of one mill on she dollar Of the tan.
able properly Of the state. which TAX. when col.
lscted. shall be kaown - the interest fund"
and shall be applied solely - the payment Of
the interest on aaid bonds In the year 1895. and
thereafter. the state AZ itof 10 hereby authorized
and Issni,si e ssy az .nrss e. q not e.
the taxable property Of the state. which TAI,
redemption fund. and sha,l. until
such bonds and interest are paid.
be applied solely TO the payment thereof In the
following manner, via: VIII never the amount
interest falling due 81 the next annual period OF
payment then such excess remaining, after set
ting apart sufficient for the payment Of such In
t<rest shail be used and paid for the REDEEM ption
Of 20 many Of said bonds - the same shall be
sufficlent 10 redeem. when said bends arc all
residus Of said fund. aud eli subsequent coliec-
tons OF said tai. shall be Transferred TO the zen.
eral revenue OF the state"
The bonds viii be sold to the bidder OF bidders
who will make the loan provided for In said act
IT the loweAf rate Of INTEREST," 10 the bidder OF
bonds. bearing Interest ~ the rate OF per
centuEn 80 per annum. as may be determined By
the governor, state auditor md state treasurer.
T. ~ REED. state Audi'or.