The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-31

city Comptroller and Es oficso city
Date Of arst publication January - ,sss
RESOLUTION no. IL. - PROPOSED
Amendment No 5.-A resolution and
proposition TO amend Sec. IL Of Article
VII. 0f the City Charter and .sF laa
submission OK such proposed amendment
next general election
BE 1t resolved by the City Council Of the
City OF Seattle:
nat Sec. Is OF Article VIII. OF the CITY
Charter Of the City Of Seattle DC amended
50 as 10 read as follows:
Sec L. Sabdiss si0n l. The mode OF
payment, BY bonds shah be as follows: AZ
ter the city council has by ordinance or
dered or authorized the Improvement and
not more than twenty days after the con
tract therefor has been Ies. an estimate
and roll shall be made and returned and
corrections be made therein and nesice
given as prescribed in section |. Of sass ar
ticie governing lecai Improvements made
under the Immediate payment plan. aad
the cast and expense OF such Improvement
snail be charged agains, the lots and par
GELS OF land n the local improves dis
Nlct 10 DC created by the ordinance au-
,horixing the Improvement In ,ae method
prescribed by sections IL and II of this ar
slcie- Contracts shall be made and assess
ments levied and collected in the same
manner as is provided in this article for
the ievying and collection Of asSessms nts
MheTe payment Is provided 70 be made es
skfc tHouc OF immaculate payment. as
othetWiSe provided herein.
subdivision = The city council shall nv
ordinanee provide That the entire cost and
expense OF such Improvement shall he paid
created for said improvement 70 be issued
20 tne contractor. or by the proceeds OF
slcn bonds, TO be ISSUED and sold here
inaIler provided. Such bonds shall ay their
Terms Dc made payable on or before a date
70 pe Hxed by the city council Ia such or
uihahee, and shall bear such interest as
ma! De provided in such ordinance. not ex-
SeeuiHH Hlne PER centu;n per annurn. wnica
interest shall be payable annually. and
each bond shall have attached thereto IN
teIess coupons for the several annual IN
tcTSsi payments. Such bonds shall ne IN
suen denominations as shall be provided
10 me ordinance ordering their issue and
shaii De numbered from one upwards. con,
secuu'eiy, and each bond and coupon shall
pr slshed ny tae mayor and attssted py
ths city comptroller. and each bond shall
nave me seal OF the city AFFIXED thereto
ana snail refer 10 the Improvement 10 pay
Tor which the same shall be issued and
the ordinance ordering the same. and shall
provide that the. principal sum named
Therein. and the interest thereon. shall he
payabie out OF the local Improvement fund
created for the payment of the cost and
expsnse OF such Improvement. and not OH
erwise. Such bonds shall not be issued in
any amount in excess of the contract price
OF such Improvement
Subdivision g. The bonds issued under
the provisions hereof may be issued TO the
contractor constructing the improvement.
In payment thereof. or the ordinance d.
rectlng 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
ue. net. and that the proceeds thereof
shall be applied in payment OF the cost and
expense of the Improvement but 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 all cases where the
city shall issue bonds as provided herein
10 pay the cost and 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 or
law. and the charter of the. city shall be
liable therefor; but the ordinance levying
such asse ssment shall declare that the slhn
charged thereby against each of such lots
and parcels OF land shall be paid In equal
annual installments The number of when
installments shall be equal TO the number
OF years which the bonds issued 10 pay
for the improvement may run. with inter
rate TO be fixed BY said ordinance. which
shall be one per centum higher than me
annual rate Of interest which the bonds
expense OF the Improvement are to bear;
and each year thereafter there SHAH be lew
led upon such lots and parcels OF land one
Of such installments of the whole sum
staIiments. together with the interest
due thereon and on all install;
mems Thereafter 10 nttpiUe uuts SNAIL
be levied and collected in the same manner
as shall be provided by law and s1is char
ter and ordinances OF the city Tor the levy
and collection OF assessments FOR suen I'M
provements in cases where no bonds are
iseued.
Subdivision s. The owner OF any lot or
parcel OF land charged with any sncn as.
sessments may redeem the same from al
liability for the cost and expense OF such
improvement by paying the entire assssss.
men. charged against such iot or parcel o.
.rtft.. tssssf
after notice to him of such ass ssnlenf .ahd
the amount thereof. and the CITY comp.
troiler shall. rs soon after the amoan,
charged against each lot or parcel OF ianu
IL determined as IL practicable. mail To the
owner of each lot or parcel or lana, az
shown by the assessment roll made Tor lev
wing the eos. and expense OF. SUCH I'M
provement, written or printed notice .,
such assessment and the amount charged
therein against such lot or parcel OF iAlid.
owner al the city Of Seattle. The bonds
herein provided for shall not be issued
prior to the expiration OF the thirty DAYS
time thereafter. The owner OF any SUN
lot or parcel Of land may redeem the same
from all liability for the cost aud expense
OF such Improvement at any time after Inc
issuance Of the bonds by paying the entire
assessment charged against suen lot on
parcel remaining unpaid al the time o.
s,,eh nayfaent with interest thereon az the
rate t,rnyiasd IN the ordinance leyying the
assessment 10 the day of payment, ana
ha ahau also pay IN addition thereto, iur-
tier interest on all instaiments thereafter
Ia mature At the rate Of one psr centNn
ner anunu1 for the respective periods un'
expirea on each installment. In all cases
where irsta Inns ntss OF assessments not yei
levied arr paid az above provided. whetHei
before or after the issuance of the bonds
the same shall be paid 10 the city treas
,trer who shall receipt therefor. and ai
sums so paid shall be applied Foleiy 10 the
| usyuent OF such Improvements or the re-
defnnfion OF the bonds issued therefor
| Where any piece OF property has been re-
| deemed from ilatGiity for the cost o. any
| irprovement as herein provided, sIfH
| propertv SHALL not thereafter be uabte 'oi
| further special assessment for the cost ei
ss,ch IMPROVEMENT, keep. as otneTWsse "a
| this charter provided. No suit 70 SET asius
| ire ssa!a special assessment or 20 entoin me
| MAKING ~ the same shall be brought MOI
| anv dffeuse 10 the validity thereo. De AZ
| iav.d after the expiration Of thirty DAYS
| ~, tSs time the amount due on each lo'
/ f,- r,ssce ~ ground liable for zach aasa ~
,ne,,t Il ascertained and confirmed ny Ihe
rr.treH T.ne funds raised hy siica aEssss-
| rusr. shan h. applied solely oyars@ TIC &c
| defnptton Of said bonds.
| "snhdIsisIon G. The Issuance or Sucf
| ha,,ds 10 the contractor. or the sale there
~ shall operate 10 transfer 10 the par
! chaser or contractor or holder thereof. al
| me right and interest Of the city IN respect
10 ss,Ich assessment and the Hen tnererJ
d. created subject TO the right % redemption
lser,sln provided, and shall authorize th'
| hoisier or holders Thereof, TO rsrflse. sue
for and railec. ar have collected such bone
I - N.~Sz nc or through any ~ the method.