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

| ORDINANCE NO 4gs3-AN ORDINANCE,
authorizing the mayor and city comp
| troller TO issue local Improvement bonds
for the Improvement OF Harvard Ave
nue. North, fixing the denominations OF
the bonds, prescribing the rate OF inter
est thereon and authorizing the city
comptroller TO negotiate said bonds and
pay the proceeds of the sale thereof In
20 the local Improvement fund az local
Improvement district No. ia. as the
same Is provided for by ordinance No.
4g77 for the Improvement OF said Har-
ward Avenue North.
BE It ordained by the City OF Seattle as
follows:
Section l. That the mayor ana city
comptroller be and they are hereby sn-
thorizsd and directed to ISSUE local inn
provement bonds upon the property in
GUIDED IN local Improvement district No.
III. created by ordinance No. 4G77, approx
ed January 22ni. 1895. as provided BY law
AMI the ordinances and city charter OF
the city OF Seattle TO the aggregate
amount OF thrty-hve hundred forty-slx
and 81 100 s35f6SN dollars.
Sec 2. That the form and mode OF the
execution OF said bonds shall be as rre-
scribed by ordinance No. $50, entitled AN
ordinance prescribing the form and mode
OF the execution OF local Improvement
bonds which are 70 be Issued for street i'm
provements Ia pursuance OF an act OF the
legislature % the State 81 Washington
entitled An act relating 70 Internal I'M
proVements in ciiies, authorizing the Is
sBance and collection OF bonds upon the
0roperty benefited by local improvements.
and declaring an emergency and Of or
dinauce No. $50 Of the city OF Seattle and
as amended by ordinance No. 2440 OF said
city. approved September 8th. 1885,
Sec. 3 That said bonds shall be issued
IA series OF eight -. the denominations
OF which shau be as follows; Seven "a OF
sald bonds shall be OF the aensninatior ~
i've hundred SaW dollars each ana ons
81 said bonds shall he or The denomination
o. forty-slx and a-lo0 $50 50 dollars.
Sec. 4. That saia bonds shall be payable
~ ten equal annual iastaIlments, With
Interest at tie rate OF nine 81 per cent
payable annually on all unpaid INSTALL
fnents IN the manner % be set forth on
the face o. said bonds. and from the pro-
cssas OF TIE special ievleS which shall ia
made each vear. said bonds shall be Ds!d
and the property IA sa4d district redeem
81 from the assessment charged against IL
All property Included in said local i'm
pros ernent district No. ia. except such a.
has been redeemed BY the payment % the
assessment thereon pr.or TO the les4a 20.
OF said bonds. shall be liable for the special
assessments - Dc levied each year for ms
payment e ne tnsfallments ana interest
see. s Thaf said bon6s shan he nera-
sfafe9 and Sold BY the city comptroller az
proceeds thereof shall be paid into the lo-
cal improvement fund Of IoGai improve
mens d!afric5 Ne la
Sec. This ordinance shall sake EJECT
and De IN f1rcs from and after sta passage
and approval, II approved ~ che mayor.
otherwise & shall take eject az TIE flrnA
i shah become las under the provisions
% tAe esty charter
Passed the City Council the % aay a,
IaaA. ikS hnd sEsei ~ ne Ia open sse-
slan IN aalhenfleA}iaa % It's passage tals
y DAY % Juna lS3
=. ". HtrRD.
Acting frssi8ent q CITY Csganrgl
Approved ~ ne thss let day 81 tplv
lSe, ~ u WOOD. Mzyar.
FILED BY ns thls ist DAY 81 Jaiy. isss
WILL II. PARRY.
CITY CamatrollsF ard Ex-On.cso City
CLERK
rasslshsa Jaiy z. iss.