The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1903-11-24
McCrea q Merryweather,
MONEY TO LOAN
AT Reasonable Rates.
Northwest Corner Sprague Avenue
ard Howard Street. Tel. 900.
ORDINANCE NO. Al5ao.


An ordinance amending Sections 4
and of Ordinance No AHA. en-
titled IAN ordinance providing for
the Improvement of Dean avenue
from Cochran to Lindeke streets
by grading, curbng parking and
sidewalking the same and for the
payment of the cost thereof, Great
Ing an assessment district and pro-
viding for the levy and collection
of special assessments on the prop
erty In said assessment district to
pay for said improvement, and for
issuing of bonds and the payment
thereof" passed August 10. 1902.
The City of Spokane does ordain
Section /. That Section 4 of Ordi-
nance No. A1214 be amended so as
to read rs follows:
Sec. 4. Special assessments pay
able in ten equal annual installments
shall be assessed to and levied upon
the lots and parcels of land I'm the
assessment district above described.
in the manner provided by the char
nance No. A1OSS. passed September
10. 1901. Such assessments shall be
made and all things pertaining there
to done in accordance with the pro-
visions of said charter and said ordi-
nance. and said assessments. when
the same. shall have been confirmed
by the city council, shall be lien
on the property In said assessment
district, and payment thereof may be
enforced In the manner provided by
law.
Sec. 2. That section be amended
so as to read as follows:
Sec. u. For the purpose OF making
payment for the cost and expense OF
said Improvement there shall be is
sued by the city or Spokane it's ne
gotiable coupon bond as provided in
an act of the Legislature of the state
Of Washington: entitled IAN act au-
thoriZing the issuance and sale "
bonds by cities to pay for local i'm
ment 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
ly, which bonds shall be styled "Spe-
cial Improvement Bonds, Dean Ave-
nue. Improvement District Number
One; provided. the city Of Spokane
reserves the right to call and pay any
of said bonds according to. their nu-
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 amount of spe-
cial assessments, levied as herein pro-
vded, and shall be of the denomina-
tion of $500 each. except that one
bond may be for such sum less than
5000 as may be necessary to make
the issue CORRESPOND 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 pro-
vided, at the time of the issuance of,
the same. The difference between tho
total amount of special assessments
levied as herein provided and the
actual cost and expense OF said i'm
provement shall be paid by the city
of Spokane. as provided In Ordinance
No. A10sS above referred 10,
Sec. 3. Whereas. an emergency eX-
lists. therefore this ordinance shall |
take effect from and after its pass
age.
Passed the city council November |
II. 1904 FRED r. BALDWIN
President Of the City Council.
Attest: c. A. FLEMING, CITY Clerk. |
Approved November "a. 1903
L. II. BOYD. Mayor.