The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-02-27


No 1858 provided to be held for that purpose. the
issuance and sale by the corporate authorities OF
said city of bonds of the city Of Seattle In the sum
of x275,O0O or such lesser sum shall be suft-
Gent for the purpose OF the payment and 1is-
ments. both those heretofore recovered and those
that may hereafter be recovered in actions now
pending against said city. upon causes OF acton
against said city not arising out Of contract when
Judgments are hereinabovs mentioned and
designated: which bonds shall bear date on
April /. 1892, shall be payable In twenty
years after their date both principal and interest
payable in gold coin Of the United states OF
fneness at the office OF the treasurer of said city
Mt the option of the holder of each such bond or
house in the city Of New York as the city council
of said city shall, after the authorization OF snch
bonds provided for by said ordinance No 1868
by ordinance designate and as sh all be specified on
the face Of such bonds, and as shall bear Interest
payable semiannnally. on the first day of April
and the first day Of October In each year during
their term, at the rate OF five per cent per an num-
AND WHEREAS, said mayor and city council
have in and by section 2 of said ordinance No.
1865 provided that election shall be held At the
time and places of which notice is hereinbelow
voters In said city upon said proposition submitted
TO them in and by section of said ordinance No
1868. as well upon the several propositions sub
mitted TO them In anu by the other several ordl-
nances hereinabove and hereinbeiow in this notice
mentioned, ana in and by said ordinance No 1858
have made further provisions for the holding and
conduct OF said election and have provided for the
issuance and sale Of such proposed bonds In case
election shall thereby assent to such issuance and
sale thereof
AND WHEREAS sundry private property in the
city of Seattle has heretofore been condemned for
puulic purposes by the city of Seattle in sfndry
ceedings instituted therefor and sundry awards of
damages to be paid to the owners of such property
condemned have heretofore been made in such
proceedings, and through failure on the part OF
otherwise for assessments upon property benefited
by the changes or improvements effected by such
condemnation proceedings to pay such awards, or
for the collection OF such assessments, the case
may be, and through failure the part of said city
said city has become and is liable in
damages, not arising out Of contract, to
demned or their assigns, for the amounts of such
awards, and such liability in sundry instances has
not been reduced TO Judgment against sad city nor
were actions pending at the time of the pas
sage of ordinance No. 1869 Of said city herein
below mentioned for the recovery Of such Judg
ments; and whereas the city has no resources at
present available for the payment and discharge OF
its said liability in damages for the amounts Of
such awards not reduced 10 judgments or sued
upon, as aforesaid, and the sum of two hundred
and twenty thousand dollars will probably be re-
quired for the payment and discharge of all such
liability the part of said city Aforesaid: and
WHEREAS the total of the Indebtedness Of said
city existing, and that to be incurred prior to
the issuance and sale of such bonds as are by
said ordinance No. 1868 hereinbelow mentioned
provided to be issued and sold and that
10 be incurred by the Issuance snd sale of such
bonds hereunder, will amount all together to a
sum exceeding one and one half per centum of the
taxable property in said city ascertaned by the
last assessment for city purposes but the same, ex
elusive of indebtedness incurred by said city for
works therefor owned and controlled by said city,
does not and will not amount altogether TO a sum
exceeding five per centuln OF the value OF the
taxable property in said city as ascertained as
aforesaid; and,
WHEREAS the mayor and city council of said city
deeming it advisable that said city borrow money
and contract Indebtedness therefor by the issuance
and sale Of bonds OF said city in the sum OF two
hundred and twenty thousand dollars, suchlesser
sum shall be sufficient. for the purpose of the
payment and discharge by said city OF lis liability
upon all such awards. not reduced to Judgment or
sued upon, as aforesaid, have in and by ordinance
No. l969 of said city, approved February 2. 1892,
city On February 4, 1892. duly proposed to the
voters said city, in and by section of said ordi
vote required for that purpose by the constitution
and laws of this state, TO be cast at the election in
section of said ordinance No. 1853 provided to
be held for that purpose, the Issuance and sale by
the corporate authorities Of said city of bonds of
the city of Seattle in the sum of s22000O, or such
the payment and discharge by said city of all its
liability upon said snndry awards and con-
Judgment nor sued upon, which awards are
herelnabove mentioned. which bonds shall
twenty years after their date, both principal and
interest payable in gold coin of the United States of
81 b he ce en- tS OF Weht ana
or at the option of the holder of each such bond
each interest coupon; at such bank or banking
of said city SHALL after the authorization of such
| bonds provided for by said ordinance No 1863 by
| ordinance designate and as shall be specified on
the face of such bonds, and shall bear interest,
| payable seml-annually on the first day of April
and the first day of October in each year during
| their term at the rate of five per cent per an
mum.
AND WHEREAS, Said mayor and city council
| have in and by section of said ordinance No.
1859 provided that election shall be held at the
time and places ofwhich notice is hereinbelow
given and for the purpose of voting thereat by the
of said city upon said proposition submitted
TO them In and by section of said ordinance No
submitted to them in and by the other several or
dinances hereinabove and herenbe ow in this no
tice mentioned and in and by said ordinance No.
1859 have made further provisions for the holding
aud conduct of said election and have provided
for the issuance and sale of such proposed bonds
In case threefths of the voters In said city voting
at said election shall thereby assent to such is
suance and sale thereof
AND. WHEREAS, The mayor and city council Of
said city. deeming It advisable that said city Dor
row money and contract Indebtedness therefor by
the issuance and sale of bonds of said city In the
sum Of two hundred and forty thousand dollars,
the proceeds of which bonds may he expended for
any strictly municipal purposes of said city, either
general or specific, for which said city council may
after tho issuance and sale of said bonds by ord-
nance OF ordinances determine to eNpend the same
or any part thereof. have in and by ordinance No
1870 of said city. approved February .. S92. and
published in the official newspapers of said city
February 4, 1892, duly proposed 10 the voters in
said city, in and by section ! of said ordinance,
that they assent To and authorize, by the vote
laws OF this state TO be cast at he election in sec
ton 2 of said ordinance No. 1870 provided to be
held for that purpose, the issuance and sale by the
corporate authorities of said city of bonds of the
city OF Seattle in the sum of $2i0.000 the proceeds
of which bonds may be expended for any strictly
municipal purposes of said city, either general or
specific. for which said city council may after the
issuance and sale of said bonds by ordinance
dinances determine t. expend the same any
part thereof; which bonds shall bear date on April
i. 1892 shall ho payable in twenty years after
their date both principal and interest pa yable in
gold coin of the United states of America of the
present standard of weight and fiueness, at the
office Of the treasurer OF said city at the option
of the holder of each such bond or each interest
coupon, at such bank or banking house in the city
of New York rs the city council Of said city shall
hpr yaFi nDn of 1aNf
by said ordinance No 1870, by ordinance desig-
nate, and as shall be specified the face of such
bonds and shall bear interest, payable semi-an-
nually on the first day Of April and the first day
of October in each year during their term, at the
rate OF five per cent per anrum; and,
WHEREAS the total Indebtedness of said city now
existing, and that to be Incurred prior TO the issu
ance OF such bonds by said ordinance No
1870 provided to be issued and sold, and that be
Incurred by the issuance and sale of such bonds
hereunder. will amount all together to a sum ex-
ceeding one and one-half per centum of the tax
able property in said city. as ascertained by the
last assessment for city purposes. but the same
exclusive of Indebtedness Incurred by said city for
supplying said city with water and sewers by
works therefor. owned and controlled by said city
does not and will not amount altOget her to sum
exceeding five per Centnm of the value of the tax
said:
AND WHEREAS, said mayor and city council
have in and by section OF ordinance No 1870
provided that election shall be held at the time
and places u which notice is herenhelow given
for the purpose Of voting thereat by the voters in
said city upon said proposition submitted 10 them
In and by section Of said ordinance No. 1870. as
well as upon the several propositions submitted TO
tnsbove and hsreinbeloW Ia this notice mentioned
and In and by said ordinance No 1870 have made
further PROVISIONS for The holding and conduct OF
said election aud have provided for the issuance
and sale OF such proposed bonds case three frhs
OF the voters in said city voting at said election
thereof
ASD WHEREAS, The mayor and city council OF
said city, have Ia and bv ordinance No ,97I of
said city, approved February ,, lSq2 and nub-