The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-02-04
CITT NOTICES.

said CT : and ghe general laws - t3ss state. IN
CHS CLERK shall give ~ least thirty DAYS notice Of
ihe tiIaa p.ar.s and purpose u stid election aad
OF thu propositions To o. susnitte 70 tIe voters n
said ety aeraa aad The forms q the haIots 70 De
east fer AMI acans. eai sIcii proposition a. pre-
scrihei in section > 81 tf3ts ordinance, ~ posting
notices 81 all thereof al each % ssd Vo,lnS places
for al least thjrr- DAYS Immediately preceding ;he
dav Of said e. elton, ana by publishing X ncfees
in tha CITY oiiicsi rewsl aPer< for az least thirty
tia4s exf uFesediag said election; provided. THAT
such notices be 81 framed - 10 inCluoe uotlce
oi any other proposition Or propositions taat NAV
be submitted 1T SAIL election hefeinah0Ee n
this section permitted and Of the f0rt4s uf the be-
lots II be cast for AMI against each s'ici other
Sec ). The proposition submitted TO tie voters
IL Said CITY in and bv section uf this ordinance
sha ge voted upon al said election In the manner
T,verv Voter electing 70 vote In IA or o. SAID
proposition for the Issuance an sale d boads as
specified IN section OF his ordinance, for the pnr-
pose IN said section expressed, shall vote ballot
IN favor OF ne issuance and sale by the cor
porate authorities # he city of seattle.
proposed by ordinance ~ 1857 Of said city.
Of bonds u ghe city of - attic IN the of
&I35.Uu9 such lesser sum may
r5snv Of Inc warrants WITH interest accrued
aHd 10 accTBe thereon 10 April J. 1892, issued
IFiorlo and on March !. 1891 on the part Ct
said city ~ the ceTPcTAle a'itAofltles Thereon.
drawn payabie ont of lie ROAD tuna st.eet tfn &,
fire fund aud nre department iuHd. reSpec-
lively, OF said city bear * dates res ectlveiy,
between August -, 1880. ami March :. 1891.
both inclusive and IN the preamble OF said
ordinance particularly DESERT ed. AS may De
validated warrants. and oLt>tan3in and Tu-
paid at the GATE i'll sad ordinance prescribed
i. is93;"
Ard every voter voting against SAID proposition
last above specified, shall vote a ballot containing
Against the issuance and sale by the corporate
authorities of the city of seattle, as proposed
by ordinance No 1887 Of said ciy, OF bonds
OF the city of Seattle in the sum Of SlS5,be0,
or such lesser sum as may DE sufficient, for
tie funding of such and so many the
rants, with the interest accrued and 10 accrue
thereon to april !, 1892, ISSUED prior TO and
4, IL.
the corporate authorities thereof, drawn pay
able out of the road fund, street fund IRE
fund aud tire department iund, respectively.
OF said city, bearing dates respectively
between August ~, 1890, and March 7. 1891.
both inclusive, and in the preamble of said
ordinance particularly described may ne
validated warrants. and outstanding and un-
paid, at the date M said ordinance prescribed
for the issuancs OF such bonds, TO Wit, April
Sec J. If at said election to be held as provided
for in this ordinance three-fflhs of the voters in
said ely voting said election shall in favor of
said proposition for the issuance and sale of fund
ing bonds sci form In section OF thls ordnance.
and ii the city council of said city sh H. after such
election by ordinance confirm such loan aud specify
the precise amount OF the bonds 10 be Issued therefor
not exceeding said prescribed max. mum Of SlS9.-
O00 and the object which shall not be other than
the funding OF part or ali OF the warrants herein
above specified, OF such creation of Indebtedness,
then and Ia such case he mayer and comptroller
Of said city snail be and they are authorize 40 have
Autographed and printed bonds of said CITY 10
such amount only, not exceeding S135o and
not other than the amount speclhed IN such con-
hrmatory ordinance as aforesaid, as shall requi-
site for funding such and many of said warrants,
with such interest thereon, as are in
said proposition set forth in section l of
this ordinance prescribed to be 50 funded
Funding Bonds of 1892" shall pc dated and pay
able. and bear interest section of this ordl-
specified. shall be issued in such denomna-
ton or denominations of not less than one hun
Gred nor more than one thousand dollars each, as
the city council said city shall prescribe and shall
have attached thereto coupons for the several semi
annual interest payments, payable at the same
places at which the bonds shall be payable as speci
l q an Gafn n
their Issue shall be April /, 1892 Each of said
bonds shall be signed by the mayor attested by the
clerk and counteTslgned by the ptroller of said
city, and shall be sealed with the seal said city;
the signatures of said officers sh all be Autographed
in fac smile on each of the coupons accompanying
said bonds: said bonds shall be numbered con
secutively from No. upwards, and the coupons
with such bond; and said bonds shall be registered
by the comptroller of said city in book
10 be Sept specifically for the purpose of regstra-
Sec. 5. such bonds when so authorized and
ready for issue aforesaid, shall be sold in such
manner, for such price, ON such terms TO such per-
son or persons, and at such time or times, and
either all together or in different blocks, as the
corporate authorities of said city shall deem for
its best interest.
sec. q. The proceeds of all such bonds, when
city 10 the credit of such fund as the city council
may establish or designate for the payment and
they shall be used only for the payment, OF said
warrants for the funding OF which such bonds shall
have been issued. till all of such warrants shall
be paid or otherwise extinguished and the surplus,
II any, or such proceeds over and above the
amount necessary for the payment of all such
warrants so to be funded. shall be transferred by
the treasurer of said city, when the existence of
any such surplus and its amount shall nave been
finally ascertaned, to the credit of tn fund tor the
payment of interest on such bonds designated by
section of this ordinance.
sec. T. There shall he levied each year by the city
council of said city, in its annual tax levy. tax
upon all the property in said city taxable for the
payment of such bonds as may ne issued in pursu-
ance of this ordinance sufficient pay the interest
on such bonds as the same shall accrue and the
amount of snch tax as Collected shall he nv the
a nd for
the payment of interest on such bonds, which is
hereby designated the Funding BondS of 1892 In.
terest Fund" and no part of which fund shall he
diverted to any other purpose than the payment
OF such interest And the faith and property of
said city are hereby pledged for the annual levy
ana collection OF such tax and the regular payment
of such interest
o; said bonds and thenceforward in each year till
their maturity. there shall be levied by the city
levy. a tax upon all the property i'm said
city taxable for the payment OF such bonds as may
be issued in pursuance of this ordinance, suficiens
To accumulate during said series of years a funf
equal to the principal sum of all of sa bonds then
remaining unpaid and not owned by said city: aud
me amount OF such tax as collected. shall DO by
the treasurer of said city credited TO "A special fund
for the payment of the principal of such bonds
which hereby designated the Funding Bonds OF
1882 sinking Fund.- and no part of which fund
shai be diverted 10 any other purpose than the pay
heht OF such principal. ANA the faith and prop
cry OF said city are hereby pledged for the levy
and collection of such TAX and The payment of the
principal of such bonds at the maturity thereof
But such sinking fund or any accumulated portion
thereof may be Invested at any time times
not less than six months prior TO the maturity of
the aforesaid bonds, the city council shall
SO direct in any bonds issued in pursuance of this
ordinance 10 the extent only of the face amount of
The principal OF such bonds or in any nterest-bear
ing bonds OF the United States of America or Of
the Stale OF Washington, or In any other securi-
ties IN which its investment may be authorized nv
a general law Of this state; in which case all in
= tcrest or premiums that may be realized OH any
such Investment, we'll the principal tn ereof
snail hc credited 10 such sinking fund
see. 8. The Treasurer of said city is hereby
amer the issue of any such bonds IN pursuance Of
this ordinance. between the lSt ana the 10Th DAYS
OF september aud March in each year L. the nj ace
Of payment in the city III New York 20 he Sleci.i
in such bonds As in section OF This ordra,,., ~
vided, III such manner > the mayor and iaint
suflicien, portion Of tie ulnray. in 81 sFun,iins
Hoaas Of 1892 Interest Fund" 70 pay the Interest
Then about 10 mature on such OF SAID bonds - the
h"oerS thereof may desire 10 receive their interest
on in the city Of New York.
Sec. 10 This ordinance shall take effect and
be m force from ana ai,er ita passage and approval
Seattle this "a day OF February, 1892
President of the Board of Aiie1t1@n.
Passed by the house of delegates Of the city of
0sS'Ie lnis "a day OF February 1852
President of the House OF i,'sss
GEORGE W. HALL.
,.,,... Mayor Of the ily Of >eat 10.
rdh .d III ne 2iHee OF lae eat; CLERK ms "a Gay of
Published February l. ls32.
nKDiSANCE No 1qsS-AN ORDrNA%Cr
" proposing "a the voters IA the cttv OF ~esttIe
titt Tie eliN OF seattle borrow money and contract
tft'I+t ae- therefor ny the Issuance aud sale of
h"tdS OF said city IN the OF two hundred and
seventy I'VE Thousand dollars. or such lesser sum
- stah Dc suihcient. for the purpose OF the paw
htat aHd discharss By said city Of sundry jndg-
IrH's recovered o. tlat may berea ter BE- reCaV-
cred against the city at seattle favor of suusrv
persons and upon sDndry causes OF action against
std city not arising oHt of contract and providing
IHF fhe HoitinE % au election al witch said yo,ars
- H'ic reg uf asalost said proposition and Pro
Htoih- i"r me issuance and sale Of such bonds in
-. -