The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-09

open session in naturalization of its pass
age this 10Th day Of December. ls91.
]. r. CREIGHTON,
President of the City Council.
,saT-iled by me this sth day Of December.
WILL II. PARRY,
City Comptroller and Ex-Officio City
Clerk
Date OF first publication. January %. 1858.
RESOLUTION NO. IT, - PROPOSED
Amendment No. "A resolution and
proposition TO amend Sec. IL of Article
VIII. or the City Charter. and for the
submission Of such proposed amendment
to the qualified voters of the city at the
next general election.
Be 1t resolved by the City Council Of the
That Sec. IL Of Article VIII. of the city
Charter of the City OF Seattle be amended
SO as to read as follows: !,
payment by bonds shall be "a follows: Az
ter the city council! has by ordinance or
dered or authorized the Improvement ana
not more than twenty Says after the. con-
tract therefor has been let, an estimate
and roll shall be made and returned ana
given as Prescribed in section section. Il Of this ar
tieie governing local improvements made
under the immediate payment plan, ana
snail DO charged against the lots and par
GELS of land in the local improvement dis
trict TO be created by the ordinance au,
,horizlng the improvement. In the method
prescribed by sections II and II OF this ar
iicle. Contracts shall be made and assess
ments levied and collected In the same
manner AZ is provided in this article for
the Ievying and collection OF assessme nts
where payment is provided 10 be made py
the mode Of immediate payment. except as
otherwise provided herein.
Subdivision 2; The city council shall bv
ordinance provide that the entire cost and
expense Of such Improvement shall be paid
by bonds OF the LEGAL Improvement district
created for said Improvement 10 be issued
10 the contractor. or by the proceeds OF
such bonds. to be issued and sold here
matter provided. Such bonds shall by their
terms be made payable on or before date
| 10 be fixed 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 annurn. which
| interest shall be payable annually. and
each bond shall have attached thereto IN
terest coupons for the several annual In
serest payments. Such bonds shall be IN
suctl denominations as shall be provided
| In the ordinance ordering their issue and
! shall be numbered from one upwards. con-
secutively, and each bond and coupon shall
he signed by the mayor and attested by
| the city comptroller. and each bond shall
| have the seal of the city affixed thereto
and shall refer to the Improvement 10 pay
! Tor which the same shall be issued and
the ordinance ordering the same. and shall
I provide that the principal sum named
/ therein. and the interest thereon shall be
payable out OF the local Improvement fund
created for the payment of the cos. and
expense of such improvement. and not 9TH
/ erwise. Such bonds shall not be issued In
1 OF such Improvement
/ Subdivision 3 The bonds issued under
/ the provisions hereof may be issued TO the
! contractor constructing the Improvement
! IN PAYNE mt thereof. or the ordinance di-
rectine the issue of such bonds may pro-
/ vide that the same may he sold ny the city
comptroller at not less than their par val
! Ne. net. ana that the proceeds thereof
! shall be applied In payment of the cost and
expense OF the Improvement but in case
/ or sale of the bonds a. herein provided
/ the contractor for such Improvement snail
/ not perform any work thereon until such
/ sale has been made and the proceeds there
/ or paid into the city treasury.
: subdivision I. In all eases where the
CITY shall issue bonds as provided herein
10 pay the cost and expense of any local
/ Improvement the said cost and expense
/ snail Dc assessed against the lots and par
1 GELS OF land which under the provisions OF
law ana the charter of the city shall be
/ liable therefor; but the ordinance levying
such assessment shall declare that the sum
charged thereby against each Of such lots
and parcels of land shall he paid in equal
annual installTents. the number of which
/ iusiailfnents shall he equal to the number
or years which the bonds issued 10 pay
! for the Improvement may run. with inter
est upon the whole sum so charged al a
/ rate TO be fixed by said ordnance. which
SHAH De one per Centum higher than the
annual rate or interest which the bonds
/ to be iseued In payment OF the cost and
expense ~ the snprovement are 70 bear:
and each year thereafter there shall he lev
/ led upon such lots and parcels of land one
: ot such Instaiiments Of the whole sum
CHARGED against the same. ana sucn IN
staiiments together with the interest
! due thereon and on ali INSTALL
nacuts thereafter 10 become due, shall
/ lie levied and collected In the same manner
/ as shall be provided by law and ale char
ter and ordinances % the city for the levy
I and collection OF assessments for such I'M
/ prosements In cases where no bonds are
Issued
/ SUBDIVISION 5 The owner OF any lot or
Z Parcel or land charged with any such as
( s@SSfn5 hts may redeem the same from all
! liability for the cost and expense Of such
/ Improvement ~ paying The entire assess
/ rne5t charged against such lot or parcel Of
I land. without interest. within thsrty DAYS
/ after notice 10 him 81 such ass Ssment and
I the amount thereof. and the city comp
/ troiier snail. as soon after the amount
4 charged against each iot or parcel OF land
<s determined rs ~ practicable. mail - the
owner Of each lot or parcel OF land, an
wing the cost and expense Of such i'm
Z preVement written or printed notice OF
sacA assessment ana the amoaNt charged
( therein against such lot ar parcel &C land.
Such notice shall re addressed - such
/ owner az the city OF Seattle. TaG bonds
herein provided for shall not be issued
prior ~ the expiration Of the thirty days
above mentioned. but may be isssIed az any
3 time thereafter. Iae owner of any such
/ lot or parcel ~ land may redeem tire am.
frusn an Nah3l8ty for the cost and expense
lSsaauce q the bonds By TsayinE TIE entire
{ as$saSstuF 1T Charged against such lot or
/ Farcel remaining nnpaid a. tn tine OF
such payment, with toteTe>t thereon AZ the
rate provided ia tae ordinance I-vylng the
& asst - fneEt q tne gay OF IA ne nj and
! hr shall also pay. IL addition thereto fur
ther Interest ga al IaSgallmentS thereafter
( 10 mature az TIE rate 81 enc usr CentatR
ger annum foF lha respective psT5osiS IN
expired on each tnst4ltment. In all cases
! where iusts HutH'ss 81 assessments not ycr
levied are paid "A above urGt .asd wget sser
I before 81 after tae issuance af sha bonds
3 tie sane saab De PAID 10 ne. c.ty treas