The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-05

RESOLUTION NO. I7s. PROPosED
Anenamen nj No. IA resolution and
YIN. OF the City Charter. and for the
submission OF such proposed arnsndmsne
to the qualified voters OF the city at the
next gene raj election.
BE II. resolved By the City Council ef IL
City of Seattle:
That Sec. Is OF Article VIII. of the City
so as to read as follows:
Sec. - Subdivision !. The mode .oe
payment hS bonds shall be as follows: At
dered or authorized the Improvement. ana
not more than twenty days after the con-
tract therefor has been let. an estimate
and roll shall be made and returned ana
corrections be made therein and uot1co
given As prescribed In section u OK this q.
under the Immediate payment plan. ana
the cost and expense of such Improvement
shall DO charged against the lots ana par
iriet to oe c re t." by the ordinance au-
thorizlrg the Improve ment. in the methO0
prescribed by sections II and - OF this ar
ticle. Contracts saall be made and assesN-
ments levied and collected In the Same
manner is provided in this article for
the ievying and collection OF assessments
waere payment Ia provided 10 be made ~
the mode OF immediate payment. except -
otntr"ise provided herein.
ordinance provide that the entire cost an4
expense OF saeh Improvement shall be paid
by bonds OF the .ocaI Improvement district
created for said improvement TO b Issued
TO the contractor. or by the proceeds o.
such bonds to be issued and sold ms here
matter provided. Such bonds shall ny thetH
terms be made payable on or BE- fore date
TO be fixt q by the city council in such OF.
dinance. and shall bear such interest -
may be provided in suca ordinance. not ~.
ceeding nine per eentum per annum. wnic9
interest snail ne payable annually. ana
each bond shall have attached thereto tn-
terest coupons for the several annual In
.erest Payments. Such bonds shall Dc tn
such denominations az shall be provided
In the ordnance ordering their issue and
shall be numbered from one upwards. con-
seeat1Vely. and each bond and coupon shall
he signed rs te mayor and attested by
the city comptroller. and each bond shall
have the seal Of the city affixed thereto
and shall refer 10 the Improvement 10 pay
for w9eh the same shall be Issued ana
the ordinance ordering The same and shall
provide that the principal sum named
tb@rein. and the interest thereon. snail %
payable out OF the local Improvement rune
created for the payment Of the cost and
expense of such Improvement, and not otn-
erwlse 5uen bonds shall not be issued =
any amount In excess OF the contract pf1ce
OF such IMPROVEMENT.
Subdivision 3 The bonds issued under
the provisions hereof may be issued 10 the
contractor constructing the improvements
IN payment thereof, or the ordinance al.
rsctlng the issue of such bonds may pro-
vide that the same may be sold by the city
comptroller a. not less than their par Val.
se. net. and that the proceeds thefeo!
shall be applied in payment OF the coN ana
expense OF Ihf Improvement. OUT VI cas-
OF A sale Of the bonds as herein provided
the contractor for saca Improvement snail
ugi perform any work thereon until surn
sac has been made and the proceeds there
OF paid into the city treasury.
Subdivision T. In ali cases where tne
city snail Issue bonds as provided herein
10 pay the cost and expense OF any local
Improvement the said eost and expense
sba4l ne sseesSed against the lots ana par
GELS Of land which under the provisions OF
iaw and ths charter Of the city shall BE-
4ttf tStytAR
such assessment snal. declare that the ssnn
charged thereby agaius' eacn Of such ioss
and parcels Of land shall be paid In equal
annual tastaiIu MS. the number OF when
iHssaAWfntS shall re equal To the number
OF years which the bontis issued 10 pay
for the improve fBent may run. with inter-
est uoon the wHsle sum 70 cnsrgsd at q
Fate to 9e a8 by said ordinance which
snah be one per csnsGm his her than the
10 be issued n payment Of the cost and
expenss % tire Improvement are 10 bear.
and each year thsrs after there shall be lev
ed UPON sgca lots and parcels Of land one
~ ersen tns n.fFgst nfs 81 the whole sun
haired against the Earne. and such m
stas.ssls EtS f0ssf3sr ekSn trs tnferset
sue thereon AID on all install.
Re levied and collected In the same ma inner
"a snaa - nfovlaef nv .sw and - Char
Ter ard ordinances 81 tire city for Inc levy
saa ecsi4ezson " asNe ssrsats for sac1 I'M
lrogerusnsa 10 cases wasrs no tonas are
is.Ssaa
SUBDIVISION 3. The owner OF any lot Or
f.arcei of land charged win any sucn A.
AessyrrRf may redfe en- the same from AL
isaa4..ty for the cost and expense Of such