The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-01

| RESOLUTION NO. l7s - PROPOSED
l Amendment No. IA resolution ana
proposition 10 amend Sec. 10 OF Article
VIII. OF tae City Charter ard Ter the
submission OF such proposed amendment
To the ausiifsed voters OF the ely az Ice
next general election.
Be i, rssoived by the City Council Of the
/ laas Sec. IS Of Article VIII. OF :he city
Charter Of the City of Seattle be amended
sec . Is. As su ~ s9enS i The mode Of
payment by bonds shall be as follows: At
ter the city council has by ordinance or
cered or authorized the Improvement, and
no; more than twenty days after the con-
tract therefor has been Lex, an estimate
and roll shall be made and returned ard
corrections be made therein and notice
gwen as prescribed In section IL OF this ar
ucie governing local Improvements made
.h1er the immediate payment plan, AID
lae cost aud expense OF such srnprovems nj
saan De charged against the lots and par
sSas OF land IN the local improvement DIS
.Iict 10 be created by the ordnance au-
prescribed by sections II and |. Of this ar
/ Ecle Contracts shall be made and assess
navhts levied and collected in the same
/ ,hhahier 40 IS provided in thls article Tor
Inc ievyins and collection OF assessments
mhere pay meni is provided 10 ae made ny
the mode OF immediate payment. except as
o.saslw wise provided herein
subdivision = fae city council shall hv
ordinances provide that the entire cos; and
sApssse OF such Improvement shah be paid
! % ponds OF the local Improvement district
created Tor said Improvement TO be issued
10 me contractor. or by the proceeds OF
sGen bonds. 10 he issued and sold as here
..aater provided. Such bonds snail ay their
terms be made payable on or before date
10 De nxed BY The city council in sIch or
a,nance. ana shall bear such interest as
Hiss De provided In such ordinance. not ex-
.eeoins niie per centGm per annum. which
interest shall be payable annually and
s .n pond SHAH have attached thereto in-
n4 H.
tefsst Payments. Such bonds shall &c IN
suen denominations as shall be provided
s ~ me e. o,ainanes ordering their issue ana
seeatifeiy, and each bond and coupon shah
DC signed by the mayor and alIested by
she city comptroller. and each bond shall
nave the seal OF the city affixed thereto
and shall refer 10 the Improvement 10 pay
!2r when the same shall be issued and
tne ordinance ordering the same, and shall
i provide that the principal sum named
therein. and the interes. thereon. shall be
payaois out OF the local improvement fund
created for the payment of the cost and
] expense OF such Improvement. and not 9TH
srwise. SUCH bonds shall not be issued in
any amount in excess Of the contract price
Subdivision ). The bonds issued under
| the provisions hereof may be issued 10 the
contractor constructing the Improvement
recting the issue OF such bonds may pro-
vide that the same may be sold by the city
comptroller at not less than their par val:
shall be applied in payment Of the cost and
expense OF the Improvement. but In case
OF a sale OF the bonds as herein provided:
the contractor for such Improvement shall
not perform any work thereon until such
sale has been made and the proceeds there
OF paid into the city treasury
SUBDIVISION 1. In ali cases where the
city shall issue bonds as provided herein
10 pay the cost and expense OF any local
shah be assessed against the lots and par
! GELS OF land which under the provisions of
law and the charter of the. city shall be
liable therefor. but the ordinance ievytng
such assessment shall declare that the sum
! charged thereby against each of such lots
and parcels Of land shall be paid In equal
annual instailments, the number OF when
instaiiments shall be equal to the numper
/ Of years which the bonds issued TO pay
/ for the Improvement may run. with inter-
est upon the whole sum SO charged at
| rate to be fixed by said ordinance. which
shall be one per centum higher than the
annual rate Of interest which the bonds
TO be issued In payment Of the cost ana
expense OF the Improvement are TO bear;
and each year thereafter there shall be lev
OF such instalinen,s of the whole sum
charged against the same. ana such IN
stsi,.aents, together with the interest
merits thereafter to become due. shall
be levied and collected In the same manner
as shall be provided by law and eie CHAR
and collection of assessments for such i'm
provements In cases where no bonds are
issued.
parcel OF land charged with any such as.
sessmen,s may redeem the same from all
liability for the cost and expense or such
Improvement by paying the entire assess.
msnt charged against such lot or parcel OF
land without interest. within thirty days
after notice 10 him OF such ass ssInent and
the amount thereof. and the city comp
troller shall as soon after the ainoua.
charged against each lot or parcel OF land
Is determined as is practicable. maii p the
.f aph N
shown By the assessment roll made for lev
wing the cost and expense OF such I'M
such assessment and the amount charged
therein against such lot or parcei OF land
Such notice shall be addressed To such
owner al the city Of Seattle. The bonds
herein provided for shall not be issued
prior to the expiration Of the thirty days
above mentioned. but may be issued III any
time thereafter. The owner or any such
lot or parcel Of land may redeem the same
frosn all liability for the ~osi and expense
OF such Improvement at any Time atter the
assessment charged against such lot or
parcel remaining unpaid al the Tune or
such payment with interest thereon az the
rate crowded In the ordinance eyying the
assessment TO the day OF payment. and
he shah also pay In addition thereto. lur-
tner interest on all instruments thereaitsr
TO mature at the rate OF one per centlsn
ner aunum for the respective periods TN
expired on each instalmeHt. In all cases
where instruments OF assessments not yeL
before or after The issuance OF the bonds,
IN, same shall be paid 20 the city treas.
urer who shall receipt therefor. and al
sums SO paid shall be applied solely 70 the
nayrsnt OF such improvements or the re-
aernp.ion Of the bonds issued therefor.
Where any piece ~ property has been re-
deemed from liability for IN. cost OF any
Improvement as herein provided, such
pY5uerfy shall not thereafter be liable for
further special assessment for the cost Of
Such Involvement. except as otherwise IN
this charter provided. No s<Iit 10 set aside
tire ~sIa speclaI assessment or 10 enicin the
making az the Same shall BE- brought. nor
arv def nse 10 the validity thereof be al
lowsa after the expiration ~ thirty days
from the time the amount due on each lot
or piece Of ground liable for such assess
rneff Is ascerfalnsd and confirmed by Inc
sns,nru Tse funds raised by such assess
mem shall be applied solely towards the re-
dernpiion OF said Dcnds
.Ss,fS.ys~io, g. The issuance 81 such
hnnls 10 the contractor. or the sale there
NJ shali operate 90 transfer TO the pur-
chaser o. contractor or holder thereof. alt
the rsxat and interest Of the city IN respect
IN ssseh assessment ana the len thereby
( created subject 20 the right Of redemption
herein provided, and shall authorize the
hoIder or holders thereof 10 receive. sue
rn~ ard collect or have collected such bond
+ a. harsf~ hy or through any OF the methods
nrnyiaed b. law for the collection OF as
sesxnsnts FOR local improvements. and. IL