The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1903-03-31

gu, IL III fOTeSt fdTk duultlOn u the
city of Spokane. Washington.
Sec. a. Special assessments. paya-
bic in ten equal annual installments,
shall be assessed to and levied upon
the lots and parcels of land in the
assessment district above described. in
the manner provided by the charter of
the city of Spokane and ordinance No.
A 1888, 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
the property in said assessment dis
trict. and payment thereof may be
enforced in the manner provided by
law.
Sec. 5. There is hereby created a
fund to be known as Virginia avenue
Improvement fund. district No. /,
into which shall be paid the afore-
said assessments as and when di-
rected by ordinance confirming said
assessments and the assessment 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 here
matter provided. and from which
shall he paid said bonds to the ex-
tent thereof. and in no event shall
the city of Spokane be liable for the
payment of said bonds or any part
thereof.
Sec. 8. For the purpose of making
payment for the cost and expense of
said Improvement. there shall be
issued by the city OF Spokane its ne
gotiable coupon bends. as provided in
an act OF the Legislature of the state
of Washington. entitled An act au-
thoriZing the issuance and sale of
bonds by cities, to pay for local i'm
provements. providing for the pay
mcnt thereof and declaring an emer-
gency" approved March IA. 1899. pay
able to bearer ten years after date.
bearing interest at the rate of six
per cent per afnum, payable annually.
which bonds shall be styled special
Improvement bonds. Virginia avenue
Improvement district No. L. pro-
vided the city of Spokane reserves
the right to call ard pay any of said
bonds, according to their numerical
order. as provided in the act above
referred to. whenever there shall be
sufficient money on hand in the fund
hereinbefore designated to pay any
of said bonds. Said bonds shall be
issued in an aggregate amount equal
to the total amount of special assess
ments. levied as herein provided. and
shall be of the denomination of 5000
each. except that one bond may be
for such sum less than S200 as may
be necessary to make the issue cor
respond with the total amount of
special assessments, levied as herein
provided. and provided also that the
first of said bonds may be for an
amount equal TO the amount OF cash
on hand in the fund from which the
same are payable as herein provided.
at the time of the issuance of the
same. The difference between the
total amount of special assessments.
- t...l
tual cost and expense of said i'm
proVement, shall be paid by the city
of Spokane. as provided in ordinance
No \ 1888. above referred to.
Sec. /. Said improvement shall be
made under the supervision of the
board of public works, which is here
by authorized to receive bids for
making the same and to enter into
such contract or contracts as may
be necessary to have said improve
ment completed as soon as may be
consistent with the proper procedure
The contract for said Improvement
shall provide that the same shall be
completed In all things in accordance
With the plans and specifications for
said Improvement. herein referred to-
and shall also provide that the con-
tractor making the same shall accept
the bonds herein provided for at par
ana accrued interest in payment of the
contract price for such work. to the
extent of such bond issue. II the
city shall SO elect. and that the bal
ance. n any. OF such contract price
shall be paid in such manner AS shall
be hereafter designated by the city
council No contract herein provided
for shall so into effect. insofar as the
city is concerned. or be binainy upon
it, until the assessments herein pro-
vided for shall be confirmed: and in
the event the assessments and assess
nnent roll heron provided for shall
not be confirmed. then such contract
shall be of no further force or eff
feet.
Sec. s. This ordinance shall take
effect and be in force ten days after
its passage.
Passed the city council. March "a.
1908.
Il. w. HAND,
President of ene City Council,
AItAsi. q III l,AIIAE