The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-23

WILL II. PARRY.
City Comptroller and Ex-oTicio City
Date Of frs, publication. January %. 1873
Amendment No "A resolution and
proposition to amend See. I3 Of Article
VIII Of the CITY Charter. and for mo
10 the qualified voters OF The city at tao
next general election.
Be II resolved by the City Council OF the
THAT See IS OF Article VIII Of the City
Charter r Of ~. the c'iy o % Seattle be amended
Sec. ID. Subdivision /. The mode Of
payment ~ bonds shall be as follows Az
dered or authorized the Improvement. and
not more than twenty days after the con-
tract therefor mas been let. an estimate
and roll shall De made and returned and
corrections be made therein and notice
given as prescribed in section IL OF this ar
ticle governing local improvements made
under the Immediate payment plan, ana
the cost aud expense Of such Improvement
shall % charged against the lots and par
trict 70 be created by the ordinance au-
thorlzing the Improvement, In the method
prescribed by sections II and IL OF this ar
ticie. Contracts shall be made and assess
ments levied and collected In the same
manner 80 is provided In this article for
the leyying and collection or assessments
where payment is provided 20 be made by
the mode Of immediate payment except as
oth.rwise provided herein.
ordinance provide that the entire cost and
expense Of such Improvement shall be paid
b. bonds of the local Improvement district
created for said Improvement 10 be issued
To the contractor. or By the proceeds OK
such bonds. to DO issued ana cold as here
matter provided. Such bonds shall by their
terms he made payable on or before d date
10 be nxed by the city council In such or
dinance. and shall bear such interest AZ
may be provided In such ordinance. not ex-
ceeding nine per centum per annum. which
interest shall be payable annually. and
.~h biol lzI how ~
terest coupons for the several annual in
terest payments. Such bonds shall he In
In the ordinance ordering their issue and
snail De numbered from one upwards. con-
secutively. and each bond and coupon shall
be signed by the mayor and at;es;ed by
the city comptroller. and each bond shall
have the seal%of the city affixed thereto
and shall refer to the Improvement 70 pay
for which the same shall De issued and
the ordinance ordering the same. and shall
provide that the principal sum named
payable out OF the local Improvement fund
created for the payment of the cost and
EXPENSE q 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
the provisions hereof may be issued 10 tho
contractor constructing the Improvement
IA payment thereof: or the ordinance d.
vide mat the same may be sold 10y the city
COMPTROLLER at not less than their par VAL
shall be applied IN payment Of the cost and
expense OF the Improvement. hut in case
OF 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 4. In AL cases where the
CITY shall issue bonds ss provided herein
20 pay the cost and expense Of any local
shall be assessed against the lots and par
ceLs OF Land which under the provisions OF
liable therefor: bat the ordinance ievyins
such assessment shall declare that the sum
charged thereby against each OF such lo-s
ana parcels Of land shall be paid In equal
annual lnstallnents. the number OF which
instalinents shall be equal 20 tho number
OF years wh!cn The bonds issue. 20 pay
FOR tile irlprovemsnt may RIM with inter
est upon the whole sum 80 charged ~
rate TO be nxed by said ordnance which
annual rate Of interest which the bonds
TO be issued In payment Of the cos, and
sspehse OF the Inproyement are 10 bear.
ana each year hereafter there sna!i be lev
led upon such lots and parcels ~ land one
~ sue9 lns'allnents q the whole sum
stallinents. together with the interest
due thereon and on al install,
rnents thereafter 10 become due ahal
he levied and collected IN the same manner
as shall be provided nv law and ,ae char
ter aud ordinances OF the city for the levy
and collection OF assessments for s4ch I'M
issued
SHNuNiHi01 .. Inc owner or any lOt or
marcel Of land charged with any sucn as.
sesstnents may redeem the same from all
lia billy for the cost ana expense OF such
Improvement by paying the entire aSscgs5-
meut charged against such lot or parcel OF
land without interest. within thirty aays
after nofice 20 sim Of such asse ssfnent aui
the amount thereof. and the city comp
trol!er snau. as soon after the amount
charged against each lot or parcel ~ lard
owner Of each lot or parcel OF land A.
shown BY &c sse$snen- FoQ made for lev
pr0yenent. written or printed notice OF
such assessment ana the amount charged
therein against such lot or parcel Of land.
Such notice shaH ~ addressed 70 SUCH
owner al the city % Seattle. Ire bonds
herein provided FOR shall not be issued
prior "a the expiration II the thirty DAYS
above mentioned. but may be issued al any
time thereafter. The owner OF any such
lot or parcel ~ land may redeem the same
% suca Improvement AZ any time after tbs
issuance u the bonds by paying the entire
assessment charged against such lot or
saca payment. Htfa interest thereon at tire
rate provided in the ordinance i~vy!ng ne
H. s1gIl also nav r. addition thereto fgr-
Their interest on a.. instailmeuis thereafter
10 mature az the rate or one pr centasa
per snn1rn for fhs respective periods an
expired on each lGs'AllfUent In al cases
levied are paid a. above provided. wAr aer
before or after tie Issuance ~ the bonds.
TIE same snaA OK paid 20 tre city treas
ur4r who shall r. ript therefor ana an
sumo 80 paid sHsll be applied role.y 80 tie
payment OF suca Improvement 60 the &C.
lemp,lla 2: ths honda l-mIed ta@Frfor.
WhsFe any piece q properly mas beer re-
deemed grJu. liability for the cost u alY
improvement a~ nersin 1royided. s4cn
property snail H0f thereafter lie liable fgr
further special ASSIGNMENT for the cost 4
a1cn Improvement. kept a. Cthsr@4se "a
fnla oHaFt.r provided No s~iit 70 set aslJs
max ~ q me sane aHali bs brought. nor
arr dei ne - ne vaiialiy ta.reet - al