The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-10-17

ORDINANCE NO. 2,392-AN ORDINANCE
~ providing for the issuance and sale OF bonos
t$l,Oi7) for local improvement district NO 80
for the improvement of Carroll street under or
dinance No. 2,25l which Is 10 be pald ior py tne
mode of payment by bonds under the PROVISIONS
OF the city charter.
Whereas. The assessment roll OF local improve
ment district y 80, for the Improvement Of Car
rol street under ordinance No. 2,25l. has been
considered by the city council after proper notice,
and has been duly approved, and the whole es-
tnated cost OF such Improvement less the cost
of improvement Of street crossings. Is the sum Of
thousand and forty-seven dollars (sl.047,
and there are no amounts assessed in said roll
against lands Of the United states state OF " ash
inglon. state university. county OF King. city Of
Seattle or any school district and said improve
men. is TO be paid for by the mode OF payment by
bonds: now. tn erefore.
Be it ordained BY the city of Seattle rs follows:
SECTION l. That there shall be issued In the
name of the city Of Seattle bonds of local inn
pryvement district No. 80 created by ordinance
No 2,25l for the improvement of Carroll street.
aggreSating the prime pa, sum Of one thousand
shall be in the form prescribed therefor by
ordinance No. 2.3os. shall be payable ten years
ten tor the principal sum of one hundred dollars
(Sl0D) each and one for the principal sum OF forty
the officers named in said ordinance No 2,3eS
and shall comply with all the provisions Of said
ordinance, and shall be issued in favor Of the per-
son who shall purchase the same, as hereinafter
provided such person he may designate IN
writing TO The city comptroller. and shall bear in-
terest 81 the rate OF nine per cent per annum.
payable semi-aHnually at the Office of the city
treasurer
Sec. =. AS soon as practicable after tho taking
effect Of tins ordinance the city comptroller shall
publish in the city official newspapers for thirty
days public notice of said proposed ssu. ~ bonds,
stating therein that the same viii re sold 10 the
highest bidder therefor At his Office date
therein named (Which date shall not be less than
thirty more than sixty days from the date Of
such no:jcs} and further stating therein that In
no case shall said bonds be sold TOR less than par
At the time and place named in such notice the
city comptroller or his deputy shall attend &C
compan,ed by either the mayor. city treasurer
oil tr,N.r a all In nf
more of said officers pGhlicly offer the same To the
highest bidder, and the person who shall then
shall be- the purchaser; provided, that in no
shall said bonds be sold for less than par. The
purch shall forthwith pay 10 the city treasurer
the amount OF MS BID. taking his receipt therefor
and fling such receipt with the city comptroller
the comptroller shall procure the signatures OF the
proper officers TO the said bonds iogetherwith the
city seal aud shall otherwise fiji and pets
me same ana deliver the same TO the purchaser,
bearing date the day on which the same sold.
rtne purchaser. on request of the comptroller,
shall neglect or refuse forthwith 20 accept pay
LOT ana ophds the comptroller may inliheo ate!y
repfer tho same, disregartng the aid Of such pur-
chaser. or may adjourn the sale in the manner
hereinafter provided.
The city comptroller may. in his discretion. al :
j'urn the sale from day 70 daF for any Cause
lar!aii0n at the time OF esch Adjournment OF the
time nj VIII the sac VIII he held
The proceeds OF the sale of all such bonds shall
be p4is into tina Ipch. Improvement fund. district
80 80. Of seattle created by said ordnance No.
&C. , said bonds ara issued and sid in pursu.
auCe # section nine ~ of article eighI fVfIl #
tae city chatter amended and now in force, and
the ordinances of the city relating 10 bO nds for To-
Ca imPfuN emcuts.
sec. l. Tn, ordinance shall take effect sni shall
be IN rec from &nl after its passage and ap-
pryvet. = approved 10y the mayor otherwise IL
shall take effect the time IL sh all become law
under tue provision IF the city charter.
iasSet by he board Of aldermen the 10th day of
October. 1897. and signed by me IN OPEN SEES
s'ou in authen:icatou of its passage This 10th day
OF October, lS02 j. T.. SWEENEY.
President Board OF Aldermen.
Passed by The house % delegates the "a day of
October, 1892, ana signed ny me III omen as
SON III authorization of its pas this l3ih day
OF OCT Der, 1872. }. = hADFRE
President ouse Of Delegates
Approved by NE ihis l5th day OF Octo Der. I-g2
J. T. oNAI.D, Mayor
Fled by me his 18th day of October, s92
9..nl.'iE J. TON EMAN, City Clerk
Published October l7th 1891