The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-12-15

OgDIyaSCE NO. 2,se5-AN ORDINANCE
~ providing for the payment of the interest falling
due On the ls day eft January, 1898 on the bonded
DEBT Of the city. ard for temporary loan loans
70 raise the money for such payment in auticipa-
vsa purpose.
whereas. she interest falling due on the lst day
ofisnpsry, 1899, on the bonded debt of the city
bs follows, to-wt:
on the Seattle water works and sewer bonds Of
1880 the sum Of twenty three thousand eight
hasaEed agd seyenty-tive dollars ls23. S75l.
On the Seattle funding bonds of 1871 the sum OF
eleven thousand i've hundred dollars fsl! 5000
on The Seattle water works bonds OF 1892, the
nE. OF i've thousand one hundred and twenty-five
dollars is. 1850
on the seattle sewer bonds of 1892 the sum of
$sT50t. and,
Whereas the sums OF money now In the treasury
IN the several funds from which the said in terest
to be paid is as follows io-wit:
Ia the interest fund for the payment of the i'm
srest on the Seattle water works and sewe bonds
d 1890. the sum Of foar thousand eighty seven
ed I-i0o dollars (s4.1s7.IA.
In the fan ling bonds of 1891 interest fund. the
Nsa Of three hundred nfty-two and 35 100 dollars
us52s5l.
In ths water works bonds of 1892 interest fund
re sn1i q one hundred uinety-two and 2l-l0o
To the sewer bonds of 1892 interest fund the
I'm o. one hundred ninety two and 2i-l00 dollars
0ls2.2k) and,
Whereas The respective amounts OF the interest
teEesaIi must be forwarded TO the city of New
loEk In time to be at the place where The same
frahle on the first day Of January, 1929, and
nefe Is no money now In the city treasury avaia-
akto supply The deficiency in said funds; and
Whersas The take for the raising OF The ~ hole
gsaid interest have air-aiy been levied. bat the
Sane have not been collected, except 10 the extent
81 the small amounts now in ihe said respective
tpnts. and.
Whereas. The city council has power after taxes
hsse been levied ia any year to make temporary
eans Ia anticipation of the collection Of such taxes,
saei loans io he applied 10 The purpose for which
ssfh taves have been levied and for no osher pur-
poe snd such taxes to be invtolabiy applied TO
pay sleb loans; now. therefore.
he IL ordained Dv the city of seattle as follows:
sEsrIoS ]. That the mayor aud city comptvo'-
or ere HEREBY Authorized and directed TO borrow
fer ana in ueha:f of the city Of seattle AMI on the
credit Of said city. the sum OF forty thousand four
tasdfed tseaiy-six aud l2l00 dollars $40.
is6 ~ fof the payment OF said interest and to
ssec.te and de liver therefor warrants drawn upon
DE treasurer Of said city against the several funds
toressid TO the respective amounts following,
i s-wli:
AGAINST the interest fund for The raymen, of the
.ierest on the seattle water works aud sewer
birds Of 1890, the sum of nineteen thousand
sven hnnaTed eighty-seven and o9-ioO dollars
1a.1s7 SO
against The funding bonds of 1891 interes: fund
Ne sam 81 eleven thousand one hundred forty
i raven anu IS 100 dollars ,sil ,l4T65)
ASainst tho water works bonds Of 1892 interest
find. the OF four thousand nine hundred thir-
/ y ave and 70 100 dollars "a $50 ~
Against ihe sewer bonds o, 1892 interes; fund
The sum Of four thousand five hundred fifty seven
! AMI 7e-l0o fst. $40
Which warrants SHAH be payable on or before
the Isl day of March. 1913, from the proceeds OF
the tares Already levied fer said respective funds
Il eat sail taxes are hereby pledged Ia the payment
q said warrants IN the amounts aforesaid. AMI
stsl te iaTioiably applied q pay the same The
rsseeeAs Of the loans hereby authorized shall be-
!erih~iih paid into The respective IN nds aforesaid
IN the amounts q the respective warrants drawn
ssa.as, each funi. and shall be used FIR the pay
nsht n the Interest said bon ~ falling due
the lsi day Of January. 1898. and for othes pur
\ pose whatever. The fun sDenBEs Of said Interest
a aeryla trst recttei are herein appropriated and
i taHa ,. forwarded hS the city treasurer 10 tAe
proper eistoi an meet the interest aforesaid.
'ae loans hereby authorized shall b. Biade from
tng persons o. COZ poFstioHs who shall acrept the
i sfns hereof and t. whom the fasyor aud city
Nhpfr 9llsr shall make said warrants payable.
1 Sec . This ordinance shall take effect ami
e tn force from and after It's passage and approval.
approved hy the mayor. otherwise 1t shall ;aSe
Wet 81 the t:me IL shall become a law under
ne psoets!au 81 the CITY charter
fsSSet by tie board of aldermen the 18Th day Of
leceinber, lN92. Rnd signed ny me tn oren
soa N Authorization Of iIs passage this !Sth day
81 Iecambes, 1872. ]. I. 1--WE ENfN.
President Board OF \ ldefusn.
sassei by The house Of delegates the 18Th day ~
lesefber. 1892. aud sguod 10y Tne IN open sion
y naturalization OF its passage this 1871 day Of
December, ic92. ]. : kt.nEBEk.
President House of Delegate
isaa r. p'T ,Tn SsaTnT
Flied hy me thu Ian GAY OK uPcemher. 1897.
GEORGE J SION EMAS. city Clerk.
published December 10. 1892.