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

from Ne. upwards and the coupons OF each bond
shall lie numbered 90 correspond with suca bond
Ter Of sad City an book 20 tee Kept Spe ica3Iy for
the purpose Os reg straiou al the bonds of ~a, city,
Sec , such eonds. when authorized aGd
ready of tSStt as "a presald shall be sod III Such
manner fer such price Such terms u such ler-
Soe OF persons, ahc al such time or times. and
eer al together or IN di!ferent blocks as ths coz
pUFaje authorities ot saia city shall deem for It's
best interest.
Src Is The PROCEEDS of all such bonds when 70
ceited shall De paid INTO ths treasury OF said city
10 the credit 81 such speca fund the city coun-
Gil may by ordnance Establish and les gnate there
for. for the payment aad discharge and ihey shall
NJ used only for he payment an discharge Of said
awards for The payment and discharge of which
nance provided jiit al! of such awards shall he
paid or otherwise ,sin yuishei and th,. sfpIrs n
any. q SoCh proceeds over AMI above tae amount
becess try Tor the payment OF all such awards,
Sha. be transferred ~ Tie treasured of said city
amount shan ave been hnaliv ertaaed. 20 the
credit Of tEe iUud for The payment 0f interes GA
nance. said proceeds Sual, be applied "a the pay
Heut of such awards III the order IN which such
awards were made &nd lied as provided by law.
S9et T. mere Sha- De lsNleu tsCh year o. the
city council Of said citv, ia its annual TAX levy
tax upou a.! me properly in said clty taxabe for
t-- payment 1i sdth Douds as may De lSsii~d IN
pursuance OF tbs orii lance sufficient 20 pay the
interest on such oolds "a The same shall accrue;
ana ne amount u such AK as cp-lected. shall be
by the treasurer OF said city credited TO z. special
fuud for he payment 81 interest on such bonds
Which Is HEREBY designated the Condemn AZ ON
Award Bonds Jf 1892 Interest Fund" and 40 psrt
Ut watch fu1G shall be- diverted 10 any Otaer our.
pose thaa the payment Of such interest And fbe
lAtn aud property % SAID city are hereoV pledged
for the annua. levy and collection Of such tax ard
iAe regular payment Of sGcn interest.
sec 2 At least seven v-ars prior 20 the rnatu--
ny u seid bonds, and thence forward IN each year
tiI tneif maturity Tier shall ne levIed by ciy
couaci Of said city iG is annual tax levy, tax
u,on al the property liz said city taxable for fhe
payment Cf such oOud, as may issued iu puF-
suaiice % thls crdlaanCe SUFFICIENT To accumulate
auls SAID series OF years fud equal to the prin-
cipat sum o! ali of SAID bonds then remaining un-
pan and not Owned by said city; and the amount
OF sbch tax As Collected shall be by he tr asurer
Oh said cry credited 10 special fund for the pay
insnt OF the lncipal of such bonds. hitch is
hereby designated the Condemnation Award
Bonds Of 49, sinking Fund" and no part Of
" len fund shall be diverted TO ANY other plfrpose
than tie payment OF such PRINCIPAL And Inc
faith and properly of said city arr hereby pledged
for the levy aud collection Of such tax and the nav
nent Of the principal OF such bonds at the maturity
thereof But such king fund any accunlui atsd
portion thereof may be inve ted at any time or
Times not less than six months plor The m tu-
THY OF the aforesaid bonds III the city council
Snaii so direct, IN any a0Hds Issued "a pursuance
or thlS ordinance, 10 the extent only OF the face
amount If Ih- principal of such bonds. nr IN auv
interest bearing bonds OF the United States of
America OF OF the state II WaShi gtAn, or in any
other securities IN which l;s investment may ne
adthorizei ~ q general law OF The sta IN which
case all interest or premiums that may he realized
on any such investment. as Wei the principal
thtfeoi, shaA be credited 70 such sinking fund.
sec. 3. The treasurer of said CITY IS hereby al:-
thortZed and directed TO transmit serni-annnally
after the issue of auy such bonds 10 Pursuance Of
this ordinance between the st and the 3ptn vs. Of
september ana March in each year 10 Jhr nj ace Of
payment in the city of New York TO he s,e-ifi4t
IN such bonds as in section Of this finance pro-
vlded IN such manner as the mayor and the JOINT
finance COMMITTEES of said city may direct sun
Client portion oil tAe pneys In said - condemnation
Award Bords OF 1892 In crest Fund" paw The
interest then about to mature such of said
bonds as the holders thereof may desire TO receive
their interest on in the city of New YORK.
sec. 10 This ordinance shall take effect and be
in force from and ter passage aud approval.
Passed by the board of aldermen OF the city of
Seattle, this "a day OF February, 1892
A. >. MILLER,
President of Board OF A ldermen.
Passed by the house of delegates of the city of
Seattle, this I'd day February, ls92
II. w. JONES.
President Of the House of Delegates
Approved by me this I'd day of February, 1892.
GEORGE W. HALL
May OF the City of Seattle.
Filed in the Office of the city clerk this I'd day Of
February, 1892. H. W. MILLER,
Clerk of the City of Seattle
Published February 1 1892