The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-04-30

Sec II. II 'pzymenI py Con.,,'F Il n, i,e maoe ior
a eSn Va prov enents, then and in sach each
estimate and roll shall De made and reJurned and
corrections made and the notica given A. pro-
cnuea n section eight o. of article eight Cs) ofthe
.ss casrteI' rs ameneed aad now in force and
.ae cost and expense ef the improvement shall be
SEQ sgainst the lots ana parcels of land as in
cAafter declared paymenl for the crossings TO be
a,I.ae as therein stared and a copy of roll
snail further dec.sre making such levy that the
sum charged gaiast each lot and parcel of land
Win ps paaa N not more than ten equal payments
rate 10 be fixed by the city council in said ordin-
snce, which annual interest shall be in each case
Per cent per annum higher than the annual rate
OF interest which the bonds 10 be issued in part
payment OF tie cost of the Improvement. are to
pear as hereinafter provided. said interest shall
pe paid annually, ami the city easurer shat pro-
cee1 10 collect the amount due each year in the
same manner Is provided for collections in said
section of article OF the city charter
oec: i5. In al Cases Of "a h paypien nv bonds
sne cay council a agent Of the local Improvement
o.sflct Snail cause 20 be issued in the name of the
City OF Seattle the bonds of such local imp owe
m nj district for the who innate cost of such
the amount assessed against lands of the United
States. the state OF Washington state university.
trict Such bonds shall be called al ocsl Improve
ment Eoads, District No. of the CITY of Sc
site: shall be payable not more tiiAh Ten
AFTER dae nd shall be su ieft annual call by the
CITY treasurer, in such manner ard amounts as he
may ave cash on hand 10 ay the same in the re-
specffve local improvement funi from which such
bonts are payable. and shai. bear interest snch
rate per annum as the cits council shall by ordi-
nance determine; proyi ed. that in no case shall
such bonds bear higher rate OF interest than nine
per cent per annum said Interest shall be payable
serni-annuaiy az the Office Of the city treasurer.
such bonds shall be sold after thirty days public
notice thereof given 20 the highest bidder therefor
but Ia no case shall such noads be sold for less
than par and the proceeds shall be applied the
payment of such Improvements; provided, that
when the mole Of payment by bonds has been de-
termtned upon the improvement shall not be
begun until the noyds shall have been negotiated,
anf all funds raised III each improvement district,
into fund for such disirict, TO be called Local
Improvement Fund District, No. -. of Seattle"
and the holder or holders of such bonds shall look
only a. such fund for paymsnt Of either the prin-
cipal or The iaterest OF said bonds.
sec IL All ordinances and parts of ordinances
In conflict With this ordinance hereby repesled:
provided that this repeal shall in no wise inva,i-
date or affect any ordinance passed for the I'M
ment or othe- act done in pursuance Of any such
ordinance, or any proceeding pending at the time
OF the passage Of this ordnance but all ordinances
heretofore passed for the improvement Of any
particular streets are continued in force, and The
assessments for the Improvements ordered thereby
shall be done as directed in said ordinances respec
lively, and all assessments heretofore made,
whether the sane have been paid or not, are ex-
pressly saved and ed in force.
sec 10. hat this ordinance shall take effect and
be in force from and after Its passage and ap-
prevail
Passed BY the board of aldermen this 25th day of
April, 1892. j. r. SWEENEY.
President Board OF Aldermen
Passed by the house Of delegates this 25th day OF
April. 1892. J. ). KLOEB Il,
President House Of De. egateS
Approved by me this 2sth day Of April, 1892
l.. RON 4 ID. Mayor.
Filed by me this 2sth day Of APRIL 1892
GEORGE ]. SLOVENIAN, City Clerk.
Published April 30th, 1892.