The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1903-10-28

Mountain View addition to Spokane
Falls (now Spokane), Washington.
Section A. Special assessments pay
able In ten equal annual instruments
the lots and parcels of land in the
assessment district above described.
tn the manner provided by the char
ter OF Spokane and ordinance No.
A108S, passed September 10. 1901.
Such assessments shall be made and
all things pertaining thereto done in
accordance with the provisions Of said
charter and said ordinance. and said
assessments when the same shall
have been confirmed by the city
council and shall be lien on the
property In said assessment district.
and payment thereof may be enforced
in the manner provided by law.
Section S. There is hereby created
Avenue Improvement Fund. District
Number Three. In which shall be
paid the aforesaid assessments as and
when directed by ordinance confirm
ment roll therefor. and Said fund Is
created for the purpose Of redeeming
the bonds issued in payment of the
cost and expense of said Improvement.
as hereinafter provided, and from
extent thereof. and in no event shall
the city of Spokane be liable for the
payment Of said bonds OF any part
thereof.
Section Q. For the purpose of
perse of said Improvement, there
shall be issued by the city of Spo-
kane its negotiable coupon bonds. as
provided in an act Of Che legislature
"An act authorizing the Issuance and
| sale OF bonds by cities, to pay for To-
cal improvements, providing for the
payment thereof. and declaring an
emergency" approved March IA. 1899.
date. bearing interest at the rate of
six per cent per annum. payable an
nually. which bonds shall be styled
Special Improvement Bonds, In
fa ot NamseT rhrea proSea P the
city of Spokane reserves the right to
call and pay any of said bonds. &C
cording to their numerical order. as
provided in the act above referred
money on hand in the fund hereinbe-
| fore designated TO pay any Of said
| bonds. Said bonds shall be issued in
an aggregate amount equal to the
total amount of special assessments.
levied as herein provided, and shall
| be of the denomination of 5000 each.
except that one bond may be for such
sum less than 5000 as may be neces-
sary to make the issue correspond
with the total amount Of special as
1 -
| and provided also that the first of
/ said bonds may Re for an amount
| equal to the amount of cash on hand
in the fund frG,n which the same are
i payable, as herein provided. at the
| time of the issuance of the same. The
difference between the total amount of
| spcial assessments. levied as herein
| provided and the actual cost and ex-
| pense of said improvement shall be
paid by the city OF Spokane. as pro-
Vided in ordinance A10SS above re-
| ferred to.
Section 7. Said improvement shall
be made vnder the supervision of the
board of public works which is here
| by AUTHORISED to receive bids for
making the same and to enter into
such contract or contracts as may be
necessary to have said Improvement
completed as soon as may be consist
contract for said Improvement shall
provide that the same shall be COM
pleted in all things in accordance
with the. plans and specifications for
for said Improvement. herein referred
to, and shall also provide that the
contractor making the same shall ac-
| cept the bonds herein provided for
| at par and accrued interest in pay
ment of the contract price for such
work. to the extent Of such bond is
that the balance If any, of such con-
tract price shall be paid in such man
ner as shall be hereafter designated
| by the city council. No contract
feet. in so far as the city is con
cerned. or be binding upon 1t, until the
! assessments herein provided for
| snail be confirmed: and, In the event
| the assessments and assessment roll
| herein provided for shall not be con-
! iirmed. then such contract shall be Of
no further force or effect.
Section. 8. This ordinance shall