The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-04-09
CITF NOTICES.


styled Seattle Wster-works Bonds of 1892"
and said city Of Seattle has heretofore in and BY
certain ordinan ces of said city, being ordinance
No 1872 and ordinance No. :, 04l of said city In
conformity with law provided for the tssusnce and
sale of bonds of the par value of one hundred and
ninety thousand (sls0, 000) dollars therein termed
and styled ''Seattie Sewer Bonds of 1892" the
par value of all said bonds amounting to the
sum of million two hundred and sixty-ive
respective ordinances 1t is provided that said
attic funding bonds Of 1892, said Seattle judg-
award bonds of 1892 and said Seattle general
bonds Of 1892 shall be severally dated April l.
1892. and shall be payable IN twenty years after
that date, both principal and interest payable in
gold coin of the United States Of America of the
present standard Of weight and fineness and shall
bear interest payable semi-annu ay on the last tay
of April and Inc last day of October in each yea-
during their term at the rate of per cent per
mum: and whereas, in and by said respective orii-
nancse il is provided tina. said Seattle waterworks
bonds of S92 and said Seattle sewer bonds of SOP
snail each bear date July /, 1892, and
that date, both principal and interest
PAYABLE gold co n of the United States of Amer
lea OF the present standard of weight and fneness
and shall bear interest payable semi-annually on
the LIST day of January and on the lst day of July
In each year during that term at the rate of five
rs per cent. per annum. and whereas after pub
Tic advertisement and notice to ali bidders for the
purchase of said bonds, the parties of the second
part did submit TO the auditing committee of said
city bid for said bonds at the price hereinafter
set forth, and said bid was declared bv said audit
ing committee TO be the highest and best bid for
said bonds, and acceptance thereof by the corpor-
ate authorities Of said city was recommended BY
said auditing committee; and. whereas. the execu-
ton of this contract In acceptance OF said bid has
been authorized and directed by the duly consti-
tuted corporate authorities of said city now, there
Tore. this contract witn8seth: That said the city
of Seattle does hereby sell TO the parties of the
ond part the said bonds herenbefore particularly
described of the par value Of one mil.
dollars, more particularly described as fol-
lows, to-wt: The said Seattle funding bonds of
1892 of the par value Of one hundred and thirty
five thousand $685. 00) dollars. the said Seattle
Judgment bonds of 1892 of the par value of two
hundred and seventy-ive thousand ($275, O0O)
dollars the said Seattle condemnation award
bonds of 1892 of the par value of two hundred and
twenty thousand 500 00o) dollars the said Seat
tie general bonds of 1892 of the par value of two
hundred and forty thousand $40, OOo) dollars,
the said seattle water works bonds OF 1892 of the
par value of two hundred and five thousand
tS205.0G0l dollars, the said Seattle bonds of
1892 of the par value of one hundred and ninety
hundred and sixty-five thousand dollars. And
said parties of the second part do hereby purchase
and agree to take the said bonds ofthe party of the
FIRST part said sale and purchase being on The fol-
lowing terms and conditions to-wit: Said bonds
shall be made payable, principal and interest, at
the office of the treasurer of said city or at the
option Of the holder of each such bonds or each in
terest coupon at the banking house Of Blair & Co..
In the city of New York, and each and all OF said
ponds Shall be OF the denomination OF thousand
dollars
2. The parties of the second part shall q. their
own expense, and without cost to the city of Seat
tie, within twenty days after the date of this
tract forward TO the said party of the first part the
DldIlk lltDOgrapn D00u5 IOr eaCl and all OF falu
issues duly prepared and ready for execution,
which shall be in conformity with the laws of the
state OF Washington and shall be subject to ap-
proval by the mayor and comptroller OF said city.
8. All of said bonds, which are to hear date
April 1st 1892, shall be duly executed and delv-
cred to the parties of the second part in the city of
New York, within twenty days from the date of
this contract or as soon thereafter the same
be delivered with reasonable diligence and prompt
ness
4. Each and all of said bonds. which are to bear
date July LIST, 1892. shall be duly executed and de
lix-nr aat 49, ~
of New York by July 10th. 1892. or soon there
after as the same be delivered with reasonable
diligence and promptness.
g. Payment for said bonds shall be as follows:
The parties of the second part shall the party
of the first part therefor upon delivery OF the
same and from time to time as the same are and
according to the number and amount delivered,
the full par value. to-wit
One million, two hundred and sixty-five thou
sand dollars in United states gold coin. less
commission allowed to the parties of the second
part OF twenty-four thousand, eight hundred and
sixty dollars, the said commission to be allowed
pro rata on each installment of bonds delivered
from time to time each installment is delivered
shall also pay on delivery of each and every of
said bonds the accrued interest thereon from the
date thereof to the time of delivery.
o. The validity of said bonds shall be approved
by John F. Dillon otherwise salts factorily estab
hshed the expense or cost of such approval or es-
Establishment TO be borne by the parties OF the sec
ond part said approval to be decided upon or val
idity established within twenty days from the
date of this contract as soon thereafter as same
can be decided upon with reasonable diligence and
promptress.
T. All sums or amounts of money now on de-
post with the comptroller of said city paid in by
the said parties of the second part earnest
money on said bid or as q guarantee of good faith
shall be by the said party of the first part accred-
tied TO the said parties of the second part on
count of the purchase price of said bonds upon the
delivery of the last installment thereof and IN
of the failure of the said parties of the second
part TO comply with any of the terms and cond-
tions of this contract, then such sums paid in
shall he forfeited to and become the property of
the said party of the first part.
In witness whereof, the said city OF Seattle has
cause these presents be attesred with its corpor
ate seal and TO be signed by its mayor and city
clerk thereunto duly authorized by ordinance and
the parties of the second part by their agent duly
authorized. have hereunto set their hands the day
and year first above written.
THE CITY OF SEATTLE
By...........
Mayor.
Att93t