The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-25

RESOLUTION NO. iT,- PROPOSED
VIII Of The City Charter. and fer he
submission OF such proposed amendments
TO the qualified voters Of the city Al ne
next general election.
Be 1t resolved by the City Council Of the
City OF Seattle:
THAT See. IL Of Article VIII ~ the city
Charter Of the City Of Seattle DC amended
as 10 read as follows:
Sec. IL. Subdivision / The mole %
payment by bonds shall be follows: AZ
ter the city council has by ordinance or
dered or authorized the Improvement. and
not more than twenty days after the con-
aad roll shall be made and returned and
corrections he made therein and notice
given as prescribed in section l. Of this ar
ticle governing local improvements made
under the immediate payment plan. and
the cost and expense OF such Improvement
shall be charged against the lots and par
GELS Of land IN the local Improvement dis
trict 20 De created by the ord.nancs au-
thorizing the Improvement. IN the method
prescribed by sections II and Il Of this ar
iicle. Contracts shall he made and assess
ments levied aud collected In ;he same
manner as is provided in this article for
the leVylng and collection or assessments
where payment is provided 10 be made by
the mode OF immediate payment, except as
otherwise provided herein.
81. 9div.son .. The city council shall by
ordinance provide that the entire cost and
expense of such Improvement shall be paid
created for said improvement 10 be issued
10 the contractor. or BIZ the proceeds OF
such bonds. 10 be issued ana sold as here
matter provided. Such bonds shall by their
terms be made payable on or before dato
70 be liked ny the city council In such Or
dnance. and shall bear such interest az
may De provided in such ordinance. not ex-
ceeding nine per centum per annum. which
interest shall De payable annually. and
each bond shall have attached thereto IN
tereSt coupons for the several annual in
terest Payments. Such bonds shall be In
such denominations "a shall be provided
IN the ordinance ordering their issue ana
shall be numbered from one upwards. con-
secutiveiy. and each bond and coupon shall
the city comptroller and each bond shall
have the seal OF the city affixed thereto
and shall refer to the Improvement 10 pay
for which the same shall he Issued and
the ordinance ordering The same. and shall
provide that the principal sum named
therein. and the interest thereon. shall DO
payable out OF the local Improvement fund
created for the payment of the cost and
expense OF such Improvement. and not 9TH
erwise. Such bonds shall not be issued in
any amount In excess OF the contract price
OF such Improvement.
Subdivision 3. The bonds issued under
contractor constructing the Improvement
In payment thereof. the ordinance d.
rectinG the issue OF such bonds may pro-
Vide that tie same may be sold by the city
comptroller al not less than their par val.
ue. net. and that the proceeds thereof
shail be applied In payment of the cost and
or a sale OF the bonds as herein provided,
the contractor FOR such improvement snail
sale has been made and the proceeds there
OF paid into the city treasury.
suodivision 4. In al cases where the
city shall issue bonds as provided herein
10 pay the cost ana expense OF any local
Improvement the said cost and expense
shall be assessed against the lots and par
GELS of land which under the provisions OF
law and the charter Of the city shall 10
liable therefor: but the ordinance levying
-. f,.TV
charged thereby against each Of such lots
and parcels of land shall be paid I'm equal
annual installnents. the number OF which
instdliments shall be equal TO the number
OF years which the bonds issued 10 pay
Tor the Improvement may run. with Inter-
est upon the whole sum go charged at o
rate 10 be fixed by said ordnance. which
snail be one per Ceatum higher than the
annual rate OF Interest which the bonds
TO be issued in payment OF the cost ana
expense Of the announcement are to bear:
and each year thereafter there shall be lev.
led upon such lots and parcels OF land one
" such insiallments OF the whole sua
charged against the same. and such in.
stallments. together with the interest
ment. thereafter 'i to become due. shall
be levied and collected in the same manner
as shall be provided by law and tne char
and collection OF assessments for such I'M
provements in cases where no bonds are
issued.
''Su6dvision s. The owner OF any lot or
parcel OF land charged with any sucA as
seSsments may redeem the same from all
liability for the cost and expense OF such
Improvement by paying the entire assess-
msnt charged against such lot or "a reel OF
land. without interest. within thirty days
after notice 10 him Of such ssmeut and
the amount thereof and the city comp
troller shall. soon after the amount
charged against each lot or parcel OF land
RI determined as ts practicable. mail TO the
owner OF each lot or parcel OF land. ~
shown by the assessment roll made for lew
wing the cost and expense OF such i'm
such assessment and the amount charged
therein against such lot or parcel Of land.
owner al the city Of Seattle The bonds
herein provided for shall not be issued
prior 10 the expiration OF the thirty days
above mentioned. but may he issued at any
time thereafter. The owner OF any such
lOt or parcel Of land may redeem the sarns
from a u liability for the cost and expense
Of such Improvement at any time after the
issuance OF the bonds by paying the entire
assessment charged against such lot or
such payment. with interest thereon at ths
rate provided Ia the ordinance levying mo
he snail also pay IN addition thereto fur-
Their interest on all ins;aiiments thereafter
20 mature al the rate q one per centUsn
per snnum for the respective periods uu-
expired on each fnstallment. In all cases
where instalmtnta ~ assessments not yet
levied are paid az above provided. whether
before ar after the issuance OF the bonds
the sane shall p" paid TO the city treas
uTer ~no shall receipt therefor ard all
payment OF such improvements or the re-
de mpt88n u ths bonds issued therefor.
Where any piece Of property mas been re-
deemed from liability for the cost % any
Improvement as herein provided s1cn
property sg8H not thereafter be liable for
fuyt her special Ses-sElsut FOR the cost OK
suca Improvement. except a. other wise N
thLs charter provided. No suit 20 set ssiis
the sald special assessment or 10 eHlolu mo
making % the anae snail De brought Hof
any defense 10 the validity thereof - al
lowed after she expiration 81 thirty days
frOm the ;irne the amount da4 on eacn lof
or piece Of ground able for such asses
raent is Escsrtatnfd and confirmed By me
council The funds raised az such as-ess-
rnsnt shall be applied solely towards the re-
demptton Of said bonds.
'eSubdiviE3oa g. TIE issuance Cs suc1
bonds 70 the contractor or the sale faere-
Of snail operate 70 transfer 20 the par-
chaser or contractor or holder thereof all
the right I'd interest 81 the city - respect
20 eaIcn assessment and the lien thereby
created sGobect 70 the right OF rede yti0n
herein provided and snail authorize 10
holder Or holders thereof % receive. sus
FOR AND collect or have collected such bond
or p6nds 81 or through any % the met aods
provided oy iaw for the collection % az
So Sasenfs for local lmpFoF emenls and. Il
the city shah fan. neglect or refuse 10 pay