The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-07-02

ORDINANCE NO. 42s6.--An Ordinance
authorizing the mayor and city COM.
troiler to issue local Improvement hcn41
for. the Improvement OF Galer Sirss-
nomination of the bonds. prescr hing
the rate OF interest thereon. and author
izing their delivery 10 the contractof
constructing the improvement.
BE II ordained by the City OF Seattle
follows:
Section 1. That the mayor ana cl'7
eomptroi,ed be and they are hereby Az
thorized and directed TO issue local I'M
provement bonds upon the property N
cluded in local Improvement district No
lis. created by ordinance No. #n. A.
proved January 1ith. 1896. as provided hy
law and the ordinances and city Charter
of the city of Seattle. TO the aggreghis
amount of thirty-one hundred and k@
Cs9l0o.4s) dollars.
Sec. 2 That the form and mode OF The
execution of said bonds shall be as pr
scribed by ord nance No. 1922. entitled IA
ordinance prescribing the form and mcis
OF the execution OF local improvetneat
bonds which are 10 be issued for strea.
improvements In pursuance or an ACT o.
the legislature OF the STATE OF Nasnnss
ton, approved March 9th. 1898. entitled an
act relating TO internal improvements -
cities. authorizing the issuance and coNfe.
ton of bonds upon the property henehied
by local improvements, and declaring y
emergency and of ordinance No. 80 OF
the City OF Seattle and as amended r
ordinance No. $40 of said city. approved
September Is. 1894.
Sec. z. That sa.d bonds shall be ISSUED
I'm q series of seven ca, the denonltnauops
OF which shall be as follows: Six tel q
said bonds shall be OF the denomination 9
five hundred ts50D dollars each. ana one
OF said bonds shall be OF the denominatiea
of one hundred and 46-loo tsloo. 80 dolisIA
Sec. 4. That said bonds shall be- payants
IN ten equal annual lustallments, with ~
terest at the rate OF eight 90 per ceuss
payable annually on All unInid inssa -
ments In the manner 20 be set forth %
the face OF said bonds. and from the pro
ceeds OF the special leviss which snall ~
made each year. said bonds shan pe Pa
and the property in said district redeemea
from the assessment charged asarst y
All property included in said local ifns
provement district No. lib except sucn -
has been redeemed by the payment o. w
assessment thereon prior 20 the issuahoS
OF said bonds shall be liable for ne spe-
cal assessments 20 be levied each year for
the payment of the lnstallmenis and in'ns
est on said bonds. !.
Sec g. That said bonds shall be issued
as herein provided and delivered TO G. y
Erickson. the contract Tor the improve.
ment OF said Caller Street. IN aymsh.
thereof the delivery OF said bones 10 o
In such amounts and az such tines ara
subject 20 such conditions as provided oy
the contract entered into for sach i'''-
provement.
Sec. s. This ordinance shalt take effect
and be IN force from and after iss pas
sage and approval. II approved .ny ms
mayor. otherwise II shall become Ias
at the time II shall take effect under tns
PROV Son- OF the city charter
Passed the CITY Council tbs - day ~
juno. 1895. and signed by me In open sss -
sion IN authorization OF It's issSigs shis
= day OF June. 1896.
Acting President Of City Council
Approved by me this 1st day 81 July'
fsg@g w u WOOD, Mayor
Will. H. PARRY
CITY Comptroller ard fix-onieio Guy
Clerk
Published July . 1s9s.