The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-05-16
xorTcE OF EIre---

s&<NA4OA
NoIIG,E or Eil.ESsriox .-sorIer, r -.
Whereas. the corporate authors.s.la ~ 2, thai
Seattle have heretofore issued - ne city = n
me part OF SAID city. signed By ths ran rsnis =
clerk and sealed with the seal o( ga mayw II 81
upon the treasurer 0f said city a. .s esys dSxe1
able out OF TIE road faEd and frs ss- 49, ~ II
CITY respectlSeiy, and 20 sundry perscas E -
several warrants respectively nape.s :. vs. - ~ y
thereof or 20 their order aud for ne ~ p94sq
OF money IN said warrants fesperfIveSr ~ s18 q
when warrants were severally 50 Issusa 4 e12
sfdeTaton Of labor OF services ue~fnrsre1 .h CO..
terlals or other property furnished - - 70. ~
PAID Tor the use Of said city and sx,.ve ~ ash91
agous sIle Gay oi tneir issue. were with s.aH
OF said city on or shortly affer thsi, ,sssssaev
Gates, or prior to the passage OF .ssspec1.ss
800 ~ sAsa elty herein below rnenrbss@
ana oy SAID treasurer indoFsed sPr.as-.aasss{A
not paid for want OF funds" and are ss1,sea ~
unpaid and are owned aud held bv sr,e,s-., Na1S{
ds agaif,st said city; and evidences N s
said warrants in the respective spYn 1890 ssa4 ]
able upon lawful warrants Of said civ. ara y -
Whereas the total Indebtedness ~ -.
At the respective times Of the issue 81 SAD ~
warrants, or OF the greater portion in n,,r,s, -
amount thereof, Including the sums named 1, -
warrants then issued, exceeded iI Ia = ~ s.
OF the taxable property In said civ ~ -
ieined by the then last previous asssss,r..sk
CITY purposes, but the assent Of three-asshs n "
voters in said city. voting At an eerfior ~
that purpose, 70 the mourning OF the Is,aassas =
on the part OF said city intended 10 he .ssss.sl1
oy said warrants or OF any part Of such indessst
ness, has not at any time been given. ana srs.-x
said total Indebtedness above specified - - j. /.
spectfye times aforesaid. did not in anv ,s,s.l
eity a. ps sceTta5s 2, 'ne 'aTasls properly IN ~
as the corporate authorities of said c.sr !.
sued all said warrants in good faith and for 49,
received 10 the use of said city, Intending 40 =
tempting thereby 70 incur valid lndabfedns~ =
the part Of said city upon said warrants rss.s y
lively in the amounts OF each and all Of saaa -,
raft IL and ~ rv4-
warrants. and, whereas the mayof 80
city council OF said city deemlnr Ii s6vs~
bic that said attempted incurrfnz n ~
Indebtedness by the issuing OF all sx5 -
rants or of all such thereof as represent inSs.~<
ness which may not be valid without thu rafle.s
ton here provided for, shall be assenfed % ~
ratified IN the manner authorized by an act NJ ~
legislature Of the state Of Washington enfa}sS
IAN act 10 enable cities and towns 10 valIdas. -
tam warrants and other Obligations and svidenesa
indebtedness on the part Of such cities and towns
issued by the corporate authorities hersof il -
cess Of their legal authority. and DECLARING !.
emergency 10 exist. approved March Z, 1891 -
proved April "a. 1891. and published In IT, ~
cial newspapers OF said city on April u, 1891 d1x
proposed to the voters in said city. In and b. -
ton Of said ordinance that they ascent a ~
ratify, by the vote required for that pErpose .
the constitution and laws Of this state tobe eass
the election IN section OF said ordinances ~
vided TO he held for that purpose ~
attempted mourning. by acts Of the cosnS
ate authorities of said city. Of TIE IS
warrants aforesaid. embraced within each 81 -
following specified distinct classes thereof ina
which said warrants are, In and b. -
reference to the periods in which thev wer, =
spectively issued and the funds out Of which M
were on their face respectively made paysAA
tc-wit
Glass Warrants drawn payable out sfthe ~
fund Of said city. and dated and issued on sunaEy
days between september II. 1889. and yovemsrf
II, 1889, both inclusive. numbered from 362a q
4,02o of the year 1884, both inclusive, zad a.
face amounts whereof aggregate the sum
$33.279S2.
Glass 2-warrants drawn payable out oftbers6
fnnd Of said city, and dated and issued on sundy
days between November l8 1899, and Febuny
IS, 1890, both inclusive. numbered from sH30 4
1880 of the year 1889, both inclusive and nm
to 600 OF the year 1890, both inclusive, and ~
face amounts whereof aggregate the sum 4
$91.66773.
"Class 3-warrants drawn payable out ofths ruol
fund of said city and dated and issued on kaniy
days between February 26 1890, and August
1890 both Inclusive, numbered from 81 to 5,78
of the year 1890, both inclusive. and the In
amounts whereof aggregate the sum Of tlo4r
$50 20.
"Class 4-Warrants drawn payable ont Of the ~
fund OF said city and dated and issued on sundy
days between May 3. 1890, and August Is, 1854
numbered from 331 to 59s. both inclusive, and ~
1889"
And whereas said mayor and city council hsss
I'm and by section of said ordinance provided ~
an election shall he held at the tins
and places Of which notice Is berps-
below given. for the purpose Of voting
thereat by the voters I'm said city upon the severn
propositions submitted TO them In and by secsi1nl
of said ordinance, and in and by said ordinance
have made further provisions for the holding AZ
conduct of said election, and have declared IL
effect Of any vote cast at such election WHEREBY
three-tiths OF the voters In said city voting there's
shall assent 10 and ratify the mourning Of said y
debtedness or of either or any of said cia11u
thereof: and
Whereas, said cry ON April 10, 1891. dniy
made and entered into certain contract with >.
w. Harris & Co., of Chicago. Illinois. dased -
that day, wherein and whereby, among ozho
things, said city agreed that II would speedily =
p vo1 tsse an Inc @ airy s ous =
the ratification OF sundry OF said warrants, A.
would also take the necessary steps 70 submit 70
vote of the voters of said city at the same eecon,
TO be held for that purpose also. the question a =
suing bonds of said city 20 fund all OF said VIZ
rants which might be valid. and all thereof whna
might be validated by the vote cast for that puf
pose at such election together with the interest -
crued and 10 accrue such warrants to the dxte q
the issue of such funding bonds, and that suca
bonds should be directed TO bear date on July !,
1891 and should be payable and bear interest - q
said contract specified. and that In case the requ<
lite assent to the issuing Of such funding eonds q
any thereof should be given by the vote c1<f
such election and in case Judicial decision Should
be obtained that such bonds proposed 70 be issued
were valid said city would sell and deliver 70 $50
~. w. Harris Il Co., the whole OF such issue q
bonds. in one block TO be delivered to and paid ~
by them at the time and place and al the price y
SAID CONTRACT PROVIDED and wherein ana NnelttLs
among other things, said city granted 10 said y
W. Harris & Co, option, TO be exercised ~
them at any time before the Anal passage o. ne
ordinance 10 have such bonds directed 70 Be i<rso
bearing interest ar the rate Of PER cent per -
mum, payable semi-annually which option has been
exercised by said y. w. Harris & Co. accordins,y
and whereas, the face or principal sums OF Al sAo
warrants hereinabove specified aggregate the sum
Of $370979.44, and the interest accrued thereoe
and to accrue thereon to July l. lss a. g ss
city aggregates about the sum of S4s,zO0 90 ssl1
principal and interest together amounting to aDow
the sum OF $4l9, $50. and II viii Be necessary ne
the total face amount of bonds 70 be issued ana
sold In accordance with said contract MADE ~ $40
city with said y. W. Harris & Co, shall be soous
the sum of $4,000 600, in order thereby 70 fund ~
the aforesaid warrants in case all thereof .. saS
date provided for the issuance OF such bonds sn3!
De valid or shall have become validated BY iofre y.
the assent and ratification proposed In and oy sze
ordinance No. 1,7o6 as aforesaid, and shall be thea
still outstanding and unpaid; and, whereas ~
mayor and city council of said city have aseo orc
tngly In and by ordinance No. l,707. Of said CITY
approved April "a. 1891 and published IN the or
cial newspapers of said city ON April ~ 1891 cnf
&c % me xotes N sad cry IN hna y
thereto as required by law. the issuance ana tne
sale to ". w. Harris 4 Co.. of Chicago. Illinois. -
,S and according sar Of Con-
dated April 10, 1891. and hereinabove recited. Q!
bonds OF said city, in the sum OF four hundred sno
sum as shall be sufficient, for the fund
ing OF such and so many OF said warrants
issued on the part Of said city oy the COR
porate authorities thereof, drawn payable out g
the road fund and the fire fund. respectively. 9
saia city, and hereinabove particularly descrfnee
and specified in distinct classes, as may Dc sai'e
warrants, whether by virtue Of an assent 70 ana
ratlncatton OF the attempted mourning OF the 70
deotedness represented thereby, given ana maoei H
pursuance OF said ordinance No. 1,706 OF sara say
nereinaDove rected, or otherwise, and IS may p
outstanding and unpaid al the date in said orcr
nance NO ,707 prescribed for the issuance otsnsa
bonds, to-wft, July l. 1891 and for the funding Q
Inc interest accrued and TO such warrants
so 10 be funded TO said date OF the Issue OF sien
J. 1881 shall be payable in twenty years sffer tne9
GATE both principal and interest payable al me "
nee OF the treasurer of said city or, at the option z
the holder or each such bond or interest," CO..
pom, at the banking house OF said y. w. Harris 9
to.' Ia The city OF New York and shall bear nles.
est, payable seniiannually, the frsf day o. JAZZ
uary ana the first day Of July, in each year dnfins
their term. at the rate OF per cent. per annunl