The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-15
CITY NOTICES.

I
teres, coupons for the several annual iu-
serest payments. Such bonds shall he n
sach denominations az shall be provided
IN The ordinance ordering their sSsue ara
snali sc numbered from one upwards coo.
be signed ~ the mayor and astes,sd ~
the city comptroller and each bond shall
and and .ss s ssn 81 me cy aassn "a
Tor which TIRE same shall ne issued an
tue ordnance ordering the same. and shall
provide thai the principal sum nance
inerein. and the interest thereon. shall bs
payaess out Of the local improvement fund
created for the payment of the cost and
EXPENSE OF such Improvement. and not 9th
erwise. sucA bonds shah not he issued IN
any amounf in excess Of the contract price
Of such Improvement
'subdiyislon s The bonds issued undes
the provisions hereof may De Issued 10 the
contractor constructing the improvements
reeiing the issue Of such honds may pro
vide that the same may be sold 10y tho city
comptroller 81 not less than their par wax
shah be applied In payment Of the cost ana
expense Of the Improvement. but in caee
Of sale of the bonds as herein provtde4
not perform any work thereon until such
sale has been made and the proceeds there
OF paid into the city treasury. -
Subdivision l. Gn all cases where the
city shall issue bonds as PROVIDED hereir
20 pay the cost and expense OF any local
shall be assessed against the lots and par
GELS OF land which under the provisions Of
law, and the charter OF the city shall Dc
such assessment shall declare that the sum
charged thereby against each OF such lo;?
and Parcels Of land shah be paid IN equal
annual instaiinents. the number or whtcn
Of years which the bonds issued TO pay
est upon the whole sum 70 charged at .
rate 10 be fixed by said ordinance. which
snail pc enc per cenium higner I'm ,na hor s2s
TO be issued in payment OF the cost Ana
expense OF the mprovement are 70 bear:
aad s sesh sts ana os
ehareed against the same. and such IN
due thereon n0Sss and on ali install
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 5. The owner Of any lot Or
parcel Of land charged with any SUCH -.
liability for The cost and d. expense Of such
Improvement by paying the entire asseso-
inert CHARGED aganst such i lot or parcel g
after notice 10 him OF such asse ssment ana
the amount thereof, and tho city comp.
es asr shs sans ss .sss lot o. nS
is determined as IL practicable. mail % the
owner OF each lot or parcel OF lano. .
wing the cost and expense of such ~
provement. a written or printed notice @
such assessmen, and, the amount CHARGED
therein against such lot or parcel Of land.
owner at the city OF seattn. The bond.
rsn to te or Ae q the hot nifty da
above mentioned. bat may be issued al any
time thereafter. The owner OF any sucn
from an liability for the cost and expense
of such Improvement al any time after tho
issuance Of the bonds by paying the entire
parcel remaining unpaid At the time 09
sase p ,pna 70 ~ the ue day Of psymsnt and
he shall also pay. In addition thereto. fur
tier interest on all indictments thereafter
10 mature at the rate Of one per centum
per annum for the respective periods UNI
expired on each instailment. In all cases
where installmtn,s Of sss si,n nSs yer
before or after the issuance of the bonds.
the same shall be paid to the city treas
sums assr 80 %h paid sns sh rsS be applied .sy the
payment OF such improvements or the re-
deinpiion OF the bonds issued therefor.
s magre airy from p't liability for he cost q any
| Improvement as herein provided, such
further special sa ASSESSMENT. for the cost 81
s fhs chnrter provided. 10 sui, to sci aside
making OF the same shall be brought. nor
any defense 70 the validity thereof be al
ss's e the 81 on sscS S.S ~
or piece Of ground liable for such asseae-
ment Is ascertaned and confirmed by the
msnt shall be applied solely towards the re-
demption OF said bonds;
Subdivision 8. The issuance Of such
bonds to the contractor. or the sale thort-
OF. shall operate to transfer to the pul..
chaser or contractor or holder thereof y
the sh ane an. G The len "a
created subject to the right OF redemptlon
herein provided and shall authortse the
holder or holders thereof to receive. sue
for and collect or have collected such bond
or bonds by or through any or the methods
provided by law f9r The collection OF -.
the city shall fail. neglect or refuse to pay
said bonds or TO promptly collect any o.
said assessments when due, the owner or
owners Of any such bonds may procsed IN
his or their own name To collect such A.
ssssment and foreciose the lien thereof y
shall recover in addition tn the amount of
his or their bonds. and int rest thereon. i've
pr centum thereof. together with the cost
az sulcn suit ANY number OF holders Of
such bonds for any single improvement
MAJ Join as plaintiffs, and any number Of
owners of property upon which the SAID
ants in any such suit. Such bonds shall ~
equal liens upon the property. for the Az
saf - priority Of one over another 10 tho es
tent only however. OF the several aascse-
ments made and not redeemed from seainst
the several lots and parcels Of land In the
assessment district.
''erbdlvIsion I. No holder Of any such
bond shall have any claim whatever there
for againt the city In any event. except
10 receive from the city his proper share
81 collections made by the city Of the spo-
ciai assessments levied for the payment
thereof. bat The remedy OF every such hold
or shall In case of non pay ment, be con-
fined 10 the enforcement Of such aa1ono.
usut. \ copy ar this subdivision snail b
plainly written. printed or engraved -
the face OF each bond % issued
Subdivision s. The city treasurer shan
pay the interest on The bonds hereby an
tnoFlzed 10 be issued out OF the respective
local Improvement funds upon which they
are payable. and shall whenever thefo
shall be- Sufficient money In such funds call
ia ard pay tHersfrom the principal Of such
bonds or any Of them. Said bonds shall ~
called in and paid In numerical order.
Subdivision = Whenever the city mas
heretofore issued bonds for the purpose Of
paving tire cost and expense Of local im-
Dgogemenis or has sold such honds ana
paid Fuch cost and expense from the pro-
cceds there Of the city may. with the con-
seEt of the holders OF suca bonds. ex-
change for ti1sn bonds in the form pro-
ylaed herein.
s--nFs5iIf9tna 10 In case any ass<x~rusot