The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-21

tcA4ts> 20 E2AGe p4Aao4S Oh Of n lore : cate
e Dc nxeS y re clN council IA S.ica or
esraaee and sasll bear sGch interest -
laa} oe provided Ia S2el ordinance, not ex-
esed+E1E Diile per ceatGn per aUa0rr- wh!ca
la.Sresi sail oe payable annually. and
t2ca oaa@ s28N nave attached Thereto IN
tersSt coupons Ger the several annual Ia
terest raAsae uts. S.lch bonds shall he In
sa>- det-1a2 ttons as shall D. provided
IN E7e egGlu-. nee ordering tnetr issue ana
saai. ee numbered from one upwards Goa.
ssS3'NSis. a@o each aond aad ce1pon shsii
- signed pN tAc mayo and atiSS. Ell ny
ne city comptroller. and each bond SHAH
a2Se me seal of tie city affixed thereto
and shall refer % tne ivnproSeneu 20 lar
Ter waica the same shah be issued and
the ordnance ordering he same. and saau
provide that the principal SUM named
therein. ana the interest thereon shall 20
g3yaAie cut OF the local Improvement fund
created for the payment ~ the cost and
expense - such Improvement and aot 9th
er%lSs. Suca BONDS shall not oe issued II
any amount n excess VI the contract prics
q ssch improvement.
Subdivision s Tue bonds issued under
the provisions hereof may sc issued to tho
contractor constructing the Improvement
in payment thereof, or the ordinance di-
.ecung the issue OF such bonds may pro-
comptroller at not less than their par vaI-
Ge net. and that the proceeds thereof
saau De applied IN payment 81 iae cost ana
% a sale Of ne bonds as herein provided:
the contractor for sUch improvement shall
no. perform any work tasreon untii such
sale has been made and the proceeds there
or PAID into the city treasury
SNAN ~ tSlon 4 N All cases where tno
city sAail issue bonds provided herein
70 ray the cost and expense OF any local.
Improvement the said ccss ana expense
Saall ~ assessed against the lots and par
cels - land which under the provisions Of
laW and the CHARTER OF the city snai %
liable therefor. but the ordinance levyinR
such assessment shall declare that the sum
charEed thereby against each Of such lots
ED rareels OF land shall be paid In equal
annual .ustaiinents. the number nf which
lns'ai iments shall be equal TO the number
Of Years which the bonds issued 10 pay
Tor eae Improvement may run Win in'ss.
rate 20 be hxed by said ordinance. which
saau BE one per. eentum higher than the
annual rate Of interest which the bones
10 be issued In payment OF the cost and
expense Of the announcement are TO bear:
ed upon such lots and parcels OF land one
Of suCA lnstallments Of the whole sum
charged against the same. and such In
due thereon ana on ali install.
ments thereafter 10 become due. shan
he levied and collected In the same manner
as shall be provided ny law and ,.e char
ter ard ordinances OF the city for the levy
and collection OF assessments for such inn
provements IN cases where no bonds are
issued.
subdivision 5. The owner OF any lot or
parcel Of land charged with any such as-
sessInents may redeem the same from all
liability for the cost and expense OF such
Improvement rs paying the entire asses
n M charged against such lot or parcel X
land. without interest within thirty days
after notice 10 him OF such asSessmen, and
tne amount llHrcOt, ana the CITY comp
trolicr snail. soon after the amount
charged AGAINST each lot or parcel OF Land
Is determined "a - practicable, mail TO the
owner Of each lot or parcel or iand, -
shown by the assessment roll made for lev
wing the cost and expense of such i'm.
proyement written or printed notice OF
such assessment and the amount charged
thertla against such lot or parcel OF land
Such notice snail be addressed 10 sncn
herein provided for shall not he issued
prior 10 the expiration of the thirty days
aaoYe m.hIionsd ~ ~ may ne is,sasn ~ AK
lot or parcel Of land may redeem the same
frcsn ali liability fol- the cost and expense
or such Improvement at any time after the
issuance ~ the bonds by paying the entire
assessment charged against such lot or
parcel remaining unpaid at the time OF
rate provided In the ordinance levying the
assessment 70 ne DAY 81 naymsnt. ana
Their interest on al instalimen1s thereafter
10 mature az the rate OF one pr Nshttn
per annum for the respective periods IN
expired on each lnst1llment In al cases
where lnstalmtntS OF assessments not yet
levied are paid as above provided; whether
before or after the issuance OF the bonds.
the same shall be paid 10 the city treas
urer who shall receipt therefor and all
sums 20 paid shall be applied solely 10 the
payment Of such improvements or the re-
demption Of the bonds issued therefor.
Where any piece ot property mas been re-
IMPROVEMENT as herein provided. such
pr perry snail not thereafter be liable for
fNffhFf O1
such Improvement except as otherwise In
his charter provided Ne suit to set aside
the said special assessment or 70 enloin the
making Of the same shall be brought. mar
any defense 10 the y4ldity thereof be al
lowed after the expiration Of thirty days
from the slime the amount due on each lot
or piece Of ground liable FOR such assess-
meut Is aScertained and confirmed by tho
council The funds raised by such asscss-
nent shall be applied solely tow ards the re-
denpti0n az said bonds.
SUBDIVISION 4. The issuance OF such
r,v.tr .raf Il 49,
OF shall operate 10 transfer 10 the pur-
chaser or contractor or holder thereof. al
tie right and interest Of the city In respect
70 such assessment and the lien thereby
created subject TO ths right Of redemption
herein provided. and shall authorize tho
holder or holders thereof to receive sue
ar +. collect or have collected such bond
Or bonds by or through any OF the methods
nrsvfdca hv law for the collection OF as
easements for local improvements and. IL
the city shall fail, neglect or refuse to pay
said bonds or 10 promptly collect any OF
owners II any such 0SI Is may proceed In
MS or their own name 70 colec; such as-
sessrnent ana i.ieciose the lien thereof in
any court OF sOmpe ent jurisdiction. and
shall recover in addition ia the amount OK
hja or their bonds and interest thereon, ave
- eur9 srlt. Any number az holders Of
sach bonds for any single Improvement
u-8Y JOIN 40 plaintiffs aud any numD.r Of
owners OF property upon whca tne said
bonds are den may be Joined as defend
ants in any sucn suit. such bonds shaH %
sesArnent repre- Sented by such bonds. with
aat rjor'ty of one over another. to the ex-
tent only however. Of TIE several assess-
s}eu.s made and not redes med from axasnst
he several l1ts and parcels Of land In tns
HSsrssuseff district.
'SuhGipfai0u T. No holder Of any such
bond eh3u have any claim whatever there
for against the city IN any event. except
10 receive from the city his proper snare
q collections made BY the city II the spe~
cial assessments levied for me payment
thereof bar tne remedy OF every snch mold
er snail. 10 ease 81 non payment, be con-
fined 10 the enforcement 81 such assse.s-
n M. 4 copy or this sgoaivisfon shall %
plainly written. printed or engraved On
the face % each bond go Issued.
"5aadisiaiua =. Inc city treasurer shall
pas fae interest on the bonds hereby au-
faor.Eed 70 ot issued out OF the respective
leeal Improvement funds upon which they
ara payable. ana shall whenever there
shall be- sgffic ~ money IN such funds call
~ ana pay thfrc:TQm the principal # such
baads or any CO them. Saic bonds shall be
c3Hed .u and pi!0 In numerical order
~....f. - -n 3 Whenever the ely naa
heretofore issued bonds for the purpose Of
paying f1e cos: aad expense Of local M
prov smeats ur las sod Euch hnnds and
u4tt sucn cost and expense from tie pro-
c1F!E thereof ne city may. Rith con-