The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-20
CITY NOTICES.


eeedluS ntre per certGm Fer aaGur when
interest snail De psyahls annually, and
eacn bond saa!l have attached thereto IN
te:est coupons for the several annual IN
ferss. payments. Such bonds SHALL ee in
sacn denominations as snail os provided
IN the ordinance ordering their ssSGe and
shall re numbered from enc upwards con-
secutiysiy. ard each bend and coupon shall
the city comptroller and each bond shan
nave Inc seal OF the city affixed thereto
ana shall refer 10 the Improvement % pay
Tor watch the same shah Or issued and
the ordinance ordering the same. and sail
provide thai the principal sum named
therein. and the interest thsreoa. shall be
pAyaois cut OF the local Improvement fund
created for the payment OF the cost and
EXPENSE Of such Improvement. and not o,h-
erwise. Such bonds shall not be issued in
any amount N excess Of the contract price
or such Improvement
Subdivision 8. The bonds issued under
the provisions hereof may be issued 70 The
contractor constructing the improvement:
IN payment thereof or the ordinance d.
recting the issue OF such bonds may pro-
vide mat TIE same may be sold by the city
comptroller at not less than ;he.r par val-
ue. net. and that the proceeds thereof
snai De applied IN payment % he cost and
expense OF the Improvement but in case
OF sale Of the bonds as herein provided.
the contractor for such Improvement saaA
not perform any woTk thereon untD such
sale has been made and the proceeds there
OF paid into the city treasury.
city shall issue bonds - provided herein
to pay the cost and expense OF aay local
Improvement the said coat and expense
shall be assessed against the lots and par
Gels or land which under the provisions of
law and the charter OF the city shall be
liable therefor: but the ordinance levying
such assessment shall declare that the sum
charged thereby agalnS; each OF such lots
and parcels Of land shall be paid In equal
annual installmsnts. the number NJ which
l..staI.nlehts snah De eqaal 10 the nunoer
or years waich The bonds issued 10 pay
Ior the improvement may run, VIII inter,
rate 10 be liked by said ordnance, which
snail De one per centum higher than the
annual rate Of interest which the honds
10 be issued in payment OF the cost and
expense OF the Improvement are 20 bear;
led upon such lots and parcels OF land one
Of such insiailmenis u the whole sum
charged against me same. and such In
due thereon ana on ali Install,
ments thereafter to become due. shall
be levied and collected in the same manner
as shall be provided by law and ,-ie char
ter and ORDINANCES of the city for the levy
and collection of assessments for such i'm
provements in cases where no bonds are
SUBDIVISION s. The owner OF any lot or
parcel OF land charged with any such as.
liability for the cost and expense Of such
Improvement by paying the entlre assess
msnt charged against such lot parcel 81
land without interest. within thirty days
after notice to him of such assessment and
the amount thereof. ana the city comp.
charged against each lot or parcel OF land
is determined as IL practicable mall to the
owner OF each lot or parcel OF land. az
shown by the assessment roll made Tor lev
wing the cost and expense OF such i'm
provement. a written or printed notice or
Such notice shall be addressed TO such
owner at the city Of Seattle. The bond:
herein provided for shall net be issued
prior 10 the expiration Of the thirty days
above mentioned. but may be issued al any
time thereafter. The owner OF any such
a 1r a rel NJ a nj rel
from all la blity for the cost and expense
Of such improvement at any time after the
assessment charged against such lot or
parcel remaining unpaid al me time or
rate provided In the ordinance levyins the
assessment TO the day Of nayment. and
he shall also pay. In addition thereto, fur
ther interest on all installments thereafter
to mature a. the rate OF one pyr Ceftusn
per annum for the respective periods IN
expired on each lnstallment. In all cases
where installmsnts of assessments not yet
levied are paid as above provided. whether
before or after the Issuance OF the bonds.
urer. who shall receipt therefor and all
sums so paid shall be applied solely TO the
payment OF such imProvemi s, or ne re-
Where any piece of property mas been re-
deemed from liability for the cost of any
'proaer:y snail not thereafter be liable for
further special assessment for the cost OF
s S nroy,des sNesP al - Ie .
the said speclai assessment or 10 enjoin the
making 81 the same shah De brought. nor
any defense 10 the validity thereof De al
lowed after the expiration OF thirty days
from the time the amount due each lot
or niece Of ground liza ble for such assess
ment * sScertained and confirmed by the
council. The funds raised by such assess
ment shall be applied solely towards the re-
demption OF said bonds.
SUBDIVISION 8 The issuance q such
bonds 10 the contra etor or the sale there
or shall operate to transfer 10 the pur-
m ~ a = n "a i4Ar all
the right AID interest Of the city IN respect
10 such assessment and the Len thereby
created subject 10 the right OF redemption
herein provided. and shall authorize the
holder or holders thereof to receive. sue
for and collect Or have collected such bond
or bonds. 10y or through any OF the methods
provided by law for the collection OF as
sessments Tor local Improvements and IL
the city shall fan. neglect or refuse TO pay
said bonds or 10 promptly collect any OF
said assessments when due. the owner or
owners OF any such bonds may proceed in
his or their own name 10 collect such as
sessment and foieclose the lien thereof in
anv court Of competent jgrtsdicti5n and
his or their bonds. and interest thereon. five
per centum thereof. together with the costs
OF such sult, Any number Of holders OF
such bonds for any single improvement
owners Of property upon which tne "a ID
bonds are Hsn may be joined as defend
ants ia any such s9lt. Sgch 8onas shall re
sessment Represented By such bonds. WITH
t@k t4l4Ofl-N OF enc ever AtlQNArFs 10 TIE *
tent oniy, however Of The several assess
menis male ana not redeemed from against
the several lots and parcels OF land IL the
assessment district.
Subdivision T. No holder OF any such
Bond shall have any claim whatever there
for against the city IN aay event. except
10 receive from the city RS proper share
Of collections made By the city @; TIE spe-
cal assessments levied for the payment
thereof. bar iae remedy Of every kGcA nod
sF snail. II case cf ron- pas tnent, b. con
fined 20 the enforcement OF such asssss
meut copy 81 this su9diY.s sos shall be
plainly written. printed or engraved on
the face OF each bond So Issued.
'S41d!YisiUn s Use city treasurer shaA
pay the Interest on the Bonds hereby au-
thorixed 10 " iss8ed out Of the res pactivs
iocag improvement funds apen = alien they
are payable. ana shaI whenever there
shan DC sufficient money IA sacA funds call
"a ard Pay taersfTom the prime pal % sAea
Sopds OF any II them sad bonds shan &c
called in and paid IN numerical order
Subdivision =. y hsEsser the city has
heretofore issued bends for the purpose Of
Day.ng ice cost and expsnsr % lSeal ia
prove meats or has sod such lends and
PAD sgch cost sn1 experss from tae pro-
ceetis thereof ne city nav via tAe con
SEM u the holders % saeh bonds ex-
change foJ taesa oonLs in .lh@ ferG pro
S.4ed herein.