The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-10-25

the bondsmen. Who undoubtedly knew
the legal extent Of their liability. should
make so generous an Offer By accepting
the proposed settlement the city would
ges its money back within four months
The question was then put and the en-
tire proposition accepted without Dis
senting vote.
The following ordinance was subse-
qnently passed. Including as q preamble
the proposition as published yesterday:
Be il ordained by the city OF Seattle OF
follows:
Section 1. That the city of Seattle
hereby accepts the proposition madeioy the
said suretiss on the official bond Oh SAID
Adolph Krug as set out in the preamble OF
this ordinance on the following terms ana
conditions, to-wlf:
First-Thst said Adolph krug shall as
sign and transfer 90 the city OF Seattle, oy
eli proper Endorsements. assignments ana
eonveyances the warrants, checks, notes
and securities heretofore assumed by the
city of Seattle bv ordinance No. 3.O-9. and
in all cases wherein any OF said warrants,
checks, notes or securities stand IN the
name Of any other person proper instru-
ment shall be obtained from such person
for the transfer and assignment thereof to
the city of Seattle.
Second-Like Endorsements. transfers
and assignments, as in the preceding para
graph mentioned, shall be made OF the
Claims, checks notes. warrants and securi-
ties set forth in the first paragraph OF the
said proposition made by said sureties
and which il is therein proposed shall De
adopted and accepted by said city.
Third-That the said promssory note OF
the said L. II Griffith Realty and Bank
ing Company, with the said sureties.
mortgage and collateral as specified IN the
proposition, shall be delivered to said city
AZ or urior 10 the depositIng OF the money
in the banks as proposed in said PROPOSE
tion, as well as the additional securities
offered.
Fourth-That said Adolph Krug and
Henry Thurman, against whom respect
lively suits have been begun BY the
city of Seattle. shall release in writing all
claim and demand against the city OF Sc
attic on any and all bonds executed or
given in any of said actions and all claim
against any and ali sureties on said bonds.
Fifth-That the moneys specified in said
prcpoposifion of said sureties be deposited
To- the credit of said city as specified in
said proposition and all other terms and
conditions of said proposition and of this
ordinance be complied with on the part of
said krug and said sureties within twelve
days from the date of the taking effect Of
this ordinance.
Sec. 2 That the mayor and city clerk
be and they are hereby authorized and
directed to execute in the name and in the
behalf of the city and seal with the cor
porate zeal an agreement with the said
sureties binding the city of Seattle to ac-
cept said proposition according to the
terms and conditions in said proposition
and in this ordinance specified in satisfac-
ton of all claim on the part OF said city
against the said sureties who have made
said proposition. and when the terms and
conditions of such agreement as herein
specified shall have been fully performed
on the part of said sureties they and each
of them shall be fully released and dis
charged from all liability on said bond.
The council, after transacting little
routine business, adjourned until Friday
night. the mayor meantime signing the
settlement ordinance. putting it into full
force at once.