The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-26
CITY NOTICES.

interest shall Be payable annually. and
each bond shalt have attached thereto IN
teress payn,en,s such Sonds snail be IN
such denominations "a shall be provided
in the ordinance ordering their issue and
secutively. and each bond and coupon shall
I've signed by the mayor and attested by
the city comptroller. and each bond shah
have the seal Of the city arixed thereto
and shall refer 10 the Improvement 10 pay
Tor which the same shal De issued and
provide that the PRINCIPAL sum named
therein. and the interest thereon. shall 10
PAYABLE cut 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 g. The bonds issued under
the provisions hereof may be issued 10 the
contractor constructing the Improvement
in payment thereof. or the ordinance di-
recJing the issue OF such bonds may pro-
comptroller at not less than their par val
Ne. 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 ss herein provided,
me contractor .or such Improvements snail
sale has been made and the proceeds there
or paid into the city treasury.
Suodiyisien 4. In all eases where the
70 pay the cost and expense OF any local
Improvement the said cost and expense
shall De assessed against the lots and par.
GELS Of land which under the provisions OF
law ard the charter Of the city shall be
liable therefor; but the ordinance ievyins
such assessment shall declare that the sum
charged thereby against each Of such lots
and parcels Of land shall be paid In equal
annual installnsnts. the number Of which
inst&liments shall be equal 10 the nanber o.
OF years which the bonds issued 10 pay
for the Improvement may run. with inter-
rate 10 be fixed by said ordinance which
snail DE one per centum higher than the
70 be issued in paymen, OF the cost and
expense of the Improvement are 70 bear:
and each year thereafter there shall be lev.
Of Of sue. Such ins Ha i q the whole sum
charged against the same. and such In
stallmeRts together with the =, interest interest
ments thereafter to become due. shall
be levied and collected in the same manner
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
sessmenis may redeem the same from all
liability for the cost and expense OF such
Improvement by paying the entire assess
ment charged against such lot or parcel OK
land. without interest. within thirty DAYS
after notice 10 him of such assessment and
the, amount thereof and the city comp.
charged against each lot or parcel OF land
is determined as IS practicable, mail 70 the
owner of each lot or parcel OF land a.
shown by the assessment roll made Tor lev
wing the cost and expense OF such i'm.
proyement, written or printed notice OF
therein against such lot or parcel OF land.
Such notice shall be addressed to such
owner al the city of Seattle. The bonds
prior to the expiration OF the thirty days
above mentioned. nut may be issued al any
ot or psres o land may redeem hs same
from all liability for the cost and expense
OF such Improvement at any time after the
assessment charged against such lot or
parcel remaining unpaid at the time OK
rate provided In the ordinance ievyng the
assessment to the day OF payment. and
he shall also pay; ~ addition thereto; tyr
TO mature al the rate or one per CentsNn
per annum for the respective periods I'M
expired on each instailrnent. In all cases
where installments 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
Irer. who shall receipt therefor and all
sums so paid shall be applied solely TO the
payment OF such improvements. or the re-
Where any piece Of property mas been re-
deemed from liability for the cost of any
pr6per;y snail not thereafter be liable for
further special assessment for the cost OF
this charter provided. No sui, TO set aside
the said special assessment or TO en1oln the
making OF the same shall be brought nor
any defesse TO the validity thereof be al
lowed after the expiration Of thirty days
from the time the. amount due on each LOT
or piece OF ground liable for, such assess
ment Is ascertsined and confirmed by the
council. The funds raised by such assess
ment shall be applied solely towards the re-
SUBDIVISION q The issuance OF such
bonds TO the contractor. or the sale there
chaser or contractor or holder thereof all
the right and interest OF the city in respect
10 such assessment and the lien. thereby
created subject 20 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 by or through any OF the methods
provided by law for the collection of as
sessments for local improvements, and. IL
the city shall fail neglect 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
MS or their own name 10 collect such
sesSment and foi eci0se the lien thereof In
any court OF competent jurisdiction. and
shall recover In addition 10 the amount OF
his or their bonds. and interest thereon five
per centun thereof. together with the costs
Of sucn suit Any number OF holders OF
such bonds for any single Improvement
may JOIN as plaintiffs. and any number OF
owners OF property upon which the said
ants in any such suit. Such bonds shall DO
equal liens uDon the property for the
ssssment represented by such bonds. with
out priority OF one over another, TO the ex-
tent only. however. OF the several assess
mentN made and not redeemed from against
the several lots and parcels OF land In he
assessment district.
subdivision Z. No holder OF any such
bond shall have any claim whatever there
Tor against the city in any event except
TO receive from the city nls proper share
OF collections made by the city OF the spe-
ciai assessments levied for the paymene
thereon. but the remedy or every such hold
er snail. IN ease OF non-payment be con-
fined 10 the enforcement of such as~ess-
meDt copy OF this subdivision shall be
plainly written. printed or engraved on
the face OF each bond 20 issued.
Subdivision 5. The city treasurer shall
pay the interest on the bonds hereby au-
thorIzed TO be Issued out OF the respective
local Improvement funds upon wnlch they
are payable, and shall whenever there
shall be sufficient money IN EIca funds call
ia and pay thcrefrom the principal OF such
bonds or any OF them. said bonds shalt be
called in and paid In numerical order.
subdivision > Whenever the city has
heretofore issued bonds for the purpose OF
paying the cost and expense Of local i'm
pToyeiueuis. or has sold such bonds ana
paid such cost ana expense from the pro-
ceeds thereof the city may with the con-
sent OK the holders OF such bonds ex-
change Tor taan bonds ia The form pro-
vldeG herein.
"suediyisI0n 10 In case any Assessment.
has DeFn heretofore levied 10 pay the cost