The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-03-04

fer paymen. therefor only ~ warrants
upon the Cedar River Water supply Fund
tahEshed hy this ordinance. and that the
contractor shat have claim against the
CITY except ~ therein provided: aase that
said eensraes viii further provide that the
contractor shall purchase a, par any ana
all warrants which shall be drawn On said
fund by TIE CITY in such amounts ss shall
&c required 70 pay Ter any reaa eesass.
the prosecution OF the wcrk Of conasruo-
ton ard he perpetual control by said City
o. ne additions 20 the water works herein
specified, whether obtained by purchase.
agreement or condemnation proceedings.
and also such warrants - shall Re drawn
upon said fund by the City II pAymcas or
incurred IN connection with said additions.
provided that the amount % the warrants
thus required 20 he purchased by the ccn-
tractor snail Ia no case exceed = axe0 es-
innate TO be stipulated In the bid and con-
tract
In case the contract or contracts be
awarded an herein ordered, the Board at
Pubic Works shall forthwith enter iato
contract or contracts IN the name 81 TIE
City Of Seattle for the construction and
completion Of the SAID additions 10 the
water works. Including In SAaa contract or
contracts all the stiya.asians and provisions
Of which notice was given IN the advertise
meat for bids as heresnaSoye ordered. The
Board OF Public Works = fuFtaer author
lzed 70 secure by purchase or agreement
s;scA real estate. rights. easements and
privileges rs are necessary for the con-
strnciioa and perpetual control by the CITY
OF Seattle CT the said additions 10 the water
works. and in case purchase or agreement
cannot be made upon satisfactory ierms for
any such necessary real estate, rights, ease
Ten,s or pr.ysieses. the Corporation Ceun-
sci. or suea special counsel as may be EN-
psoyed by the CITY as his assistant fer fhie
purpose. Is hereby authorized 10 proceed
by condemnation proceedings Payment for
all such real estate, rights. easements or
privileges shall he made from sums obtain
al by the sale 81 warrants Ia the con-
section. or from saeh other funds as the
City Cuuncs may authorize
Sec That section six Is, OF sad orai-
nance No. $50 be amended 10 Rad as fol-
sec. s That there be and hereby Is cre-
aiea and established fUns to D. called
lie. which fund Is created ara to he
drawn upon for the sole purpose of de-
iraying The cost and expense % the edii-
tens 10 the water works owned and con-
troiled by said city, as specified and adopt
ed by Section of this Ordnance and rati-
fed BY majority vote az the election pro-
such interest az shall accrue upon the oh
stations issued in payment therefor. Up
on the completion and acceptance OF aaid
additions or not later than January I.
1862. and thereafter so long as any ohilSa-
lions are outstanding against said Fund,
the CITY Treasurer shall set aside into said
Ella. RIVE River Water Supply Fund q s.,
from the water worries now belonging or
which may hereafter belong TO sad City,
4 sum not less than one hundred thousand
dollars Hiaau0.sul per annum. The City
Council may by ordinance transfer TO said
Fund such additional Income from the
water works or from sa.ch general fund M
may be available therefor. All moneys 80
set assie and placed in said Cedar RIVER
Water Supply Fund OF Seattle shall he
APPLIED soleay TO TIE payment u warrants
oh
payment for said additions 10 said water
works. In case OF the execution and per-
formance Of a contract for said additions.
as authorized by section 5 Of this ordi-
rance the City hereby irreyocahiy binds
Itself not 10 sell. lease or dispose Of In any
manner It's water works system unit. the
obligations issued therefor siiail have been
paid in full: OF. In case il shottd ever sell
or dispose Of the same before such nav
ment 10 pay out OF any moneys derived
from the sale thereof all Of said obligations
viii not in any event sell said system for
sum less than enough TO pay all of sad
outstanding obligations with. all interest
due. thereon. And the CITY further irrev-
ocably binds itself not to reduce the rates
| Of charges for water so that the gross rev.
enucs therefron shah amount TO less than
one hundred thousand dollars C$i0p. go aOl
per annum over and above all costs OF OPP
Grafton management and maintenance OF
SAID water sys.sn unrl such So.asa,.ons
| fully lauidated and discharged"
Sec. 8. That section sven C) OF said Or
dinanee No. asso he amended to read IS
follows. to Wit:
Sec Z. That in case the contract or con-
tracts authorized by section OF this erii-
nance be duly entered into and executed,
warrants shall be drawn upon tho fund
created by this ordinance 70 Wit. the
Cedar River Water Supply Fund OF Be-
attle.' In such amounts and at such times
as may be required for the payment for
real estate. rights easements. privileges
and construction necessary for the compile
| ten OF the said additions 10 the city water
works system. as authorized by THE oysii-
nance, and In accordance with said con-
tract or contracts s1eh warrants shall be
lsssled and delivered 10 the contractor only
upon properly approved estimates and
claims and to an amour. not excesding
the total cost and expense OF said add
hons Unciusfing all expsnaes Incidental
therefol, but In no case email said total
cost and expense exceed the sun, OF twelve
hundred and fifty thousand dollars xi.z50.-
1u.oo,. Said warrants shall b. issued and
signed by ina proper OF cAahs uf the city
OF Seattle. and shall be I'm substantially
The following form. Ia ~'s:
UNITED STATES OF AMERICA.
| STATE. OF WASH NOTION
THE CITY or SEATTLE
CEDAR RIVER WATER SUPPLY
FUND WARRANT.
Know All Men ry These Present. That
ton in the state Of wasninzton. for value
received. promises g pay TO bearer One
Thousand Dollars dtVpel. In COLA cosn
OF the United States 81 the pyessnt wsr1-
ard Of weight and 1neness on or before
twenty years from the date hereof. with
interest thereon at the rate OF hye PER
eensuyu Is per cent? per aDuun1. payable
se sni-aanualIy. IN like gold coin. upon pre-
sensation q the coupons hereto aftae Ted
as they severa4.y become dsse. both prsn-
capal and interest payable at the F1scai
Agency Of the State " Washington IN
the City ard state Of New York. and
payable onsv out Of the revenues from ssa
water works system OF said City OF - attic
as provided herein and III Ordinance No.
gtsl af said City enss tied An Ordinance
proposing to the voters sn the city cf
Seattle that tire t5ty Of Seattle MAKE GER
tain additions to this existing water
works owned ard eofssroAlss4 by saA City.
sT,esslfs.ng ard adopting tire proposed ptsn
and eetasis>of said additions ard aecsa--
ing the estimated cDss tEefeof near as
may he. and providing for the hasdsnE
OF an election AZ which sad voters may
vote for or agaimss said proposition. also
providing fer tire construction ~ said adj
a!sious 10 the water works In Gaze
Jority II the voters in SAID City voting
Al esalf election shall thereby Assent 20
SAID proposition. and providing for the
payryseras therefor ard establishing "a fund
for such payment by setting aside thsfe-
for frssfrz and after the completion and
asecerysarce Of SAID atsklions. seventy five