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

ORDINANCE NO. l.970-AN ORDINANCE
" proposing TO the voters in the city of seattle
that the city of Seattle borrow money and con
tract Indebtedness therefor by the issuance and
sale of bonds of said city III the sum of two hun
dred and forty thousand dollars, the proceeds of
which bonds may be expended for any strictly
municipal purpo IS of said city, either general or
specific. for which the city council of said city may
AFTER the issuance and sale of said bonds by ord-
nance or ordina Aces determine To expend the same
any part thereof and proyidin. for the holding
OF an election at which said voters M v vote for or
ag INST said proposition, and providing for the
Issuance and sale of such bonds in three
hfths of the voters in said City voting at such cleo
ton shall thereby assent To such Issuance and sale
thereof
WHEREAS the mayor and city council of said city
deem it advisable that said city borrow money and
contract indebtedness therefor by he issuance and
sale of bonds # said city in the sum { two hun
dred and forty thousand dollars, the proceeds of
which bonds may be expended for any strictly
municipal purposes of said city, either general
specific, for which said city council may after the
issuance and sale of said bonds oy ordinance
dinances determine to expend the same or any
part thereof; and
WHEREAS the total Indebtedness of said city now
existing, and that to be incurred prior TO the
issuance of such bonds as are by this ordinance
provided to be issued and Sold and that to be
Cured by the issuance and sale of such bonds
hereunder, will amount all together TO a sum
ceedIng one and onehalf per ceutum of the tax
able property in said city, ascertained by the
last assessment for city purposes, but the same,
exclusive of indebtedness incurred by said city for
sur plying said city with water and sewers by
works therefor, owned and controlled by said CITY
does not and will not amount altogether TO a sum
exceeding five per Centum of the value OF the tax
able property in said city, as ascertained aforC
said: Now, therefore,
Be il ordained by the city of Seattle, as follows:
SECTION l. The mayor and city council OF the
city of Seattle hereby propose 10 the voters in said
city, for their assent thereto and authorization
thereof by the vote required for that purpose by
the constitution and laws of this state, 10 be cast
at the election IN section of this ordinance pro-
Nided TO be held for that purpose that the city Of
Seattle borrow money and contract indeDtetnes 5
therefor by the issuance and sale of bonds Of
said city in the sum of two hundred and
forty thousand dollars (S24O, 900, the proceeds of
which bonds may be expended for any strictly
munIci pal purposes OF said city, either general or
specific, for which said city council may after the
issuance and sale of said bonds by ordlp ance or
dinanceS determine expend the same
part thereof which bonds shall bear date April
l, 1892. shall be payable in twenty years after
their date, both principal aud interest payable in
20 coin of the United States of America of the
present standard OF weight and fineness, at the
Office of the treasurer of said city or at the option
of the holder OF each such bond or each interest
coupon, AT such bank OF banking house in the city
of ew orS az the city council of said city shall
after the authOrzat ion of such bonds provided for
by this ordinance, by ordinance designate, and as
shall be specified on the face of such bonds. and
shall bear interest, payable Sc miannually 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 am um.
Sec. =. An election shall be held on Monday the
18th day of March, 1892 in the city of seattle aud
IN the sew raj election precincts into which the
several wards thereof are divided by ordnance No.
1852 0f said city, entitled, IAN ordinance 10 di-
vid the several wards in the city OF Seattle into
election precincts. and to declare the boundaries
thereof" app owed January ., 1892. for the pur-
pose of voting thereat by the voters IN said Guy
upon The proposition submitted 10 lhtili IA anu oY
section l of this Ordina CO. provided, that any
proposition or propositions for an assent 10 and
catiOn Of any attempted mourning OF other in
debJeiness Of said city, and any proposition n
propositions To fund or issue bonds for any such
other indeb edness and any proposition pT0pO-
sjionS TO create or issue bonds Tor any other in
debtedness of said city, several or all such prop
osftionR may be submitted TO the voters In said
city at the same election ia pursuance Of any other
ordinance ord uaDces OF SAID city that may
so provide said election shall be held at
GlrF fra.r MAJ q arfr RfarI
and shall Oe conducted by such inspectors and
judges Of election a. may respectively be desig-
mated and appointed tor the holding and conduct
ing of said election 10, all propositions that
he submitted thereat as aforesaid. in and by such
ordinance as the city of Seattle may "rdain for the
purpose OF such atSsiia anu appointments ana
SAID election shall be held and conducted In accord
with the PROVISIONS of the charter OF said city
and the general laws OF his state. The city clerk
shall give least thirty days notice Of the time
places ana purpose o aid election and oi the propo-
sit'o"o 70 be submitted 10 the voters IN said city
the and the forms OF the ballots 10 be cast for
ami asa Mt eacn such proposition as prescribed in
section 81 this ordinance. by posting notices OF all
thereof az eaCn of said voting places for AT least
thirty days Immediately preceding The day OF said
eitCit ION, and By iDshing Ike notices in IN city
oi,ai newspapers for Leaf thirty days next pre-
cet'ns said eCtiOn; provided, thai such notices
may be framed 20 include notice of any other
proposition prop sitioHs that NAV be submitted
at SAID election n hcrepabyve ia this section per-
mitted and OF the forms OF the ballots TO be cast
for and against each uc1 other proposition.
sec. 3. The proposition submitted to said voters
iu said citv In ANA bv section Of mis- ordinance
shall be voted upon IN the manner following, 10
livery voter electiHg 20 vote in favor of said
proposition that the city Of Seattle borrow money
ana contract IebteUness therefor by the Issuance
and sale Of bonds specified in section | Of this
ordinance for the purpose in said section ] ex-
pressed, Sha vote q ballot containing the words
ia favor of n proposition that the city of seattle
borrow money ami contract Indebtedness therefor
by the issuance and sale Of bonds Of said cltv as
prOpOsei in and by ordinance NO $40 OF said
city, in lie Of TWO hundred and forty thousand
dollars the proceeds Of which bonds may be ex-
pended for any strictly municipal purposes Of said
city either general or specific for which said cit
council may after the issuance ana sale of said
bonds by ordinance or ordinances determine 20 ex-
pend the same or any part thereof" and every
voter voting against said proposition last above
specified shall vote "A ballot containing the words
Against the proposition that the civ O. seattle
borrow money and contract indebt eduess therefor
by the Issuance and sale Of bonds Of said city. As
proposed IA ana by ordinance No. I $40 OF said
city, IN the sum Of two hundred aud forty thousand
collars, the proceeds Of which bonds may he ex-
pended Tor any strictly municipal purposes Of said
city, either general or specific which said city
council may AFTER the issuance ana sale Of said
BONDS b. ordinance or ordinances determine 70 eK-
pend the same or any part thereof"
sec. 4. III. al said election be held as provided
Tor ID this ordinance, tnreefths OF the voters in