The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1903-08-11
BLOOD POISON

Improvement Fund, District Number
One, into which shall he paid the
aforesaid assessments as and when
directed by ordinance conforming 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 be paid said bonds to the ex-
the city of Spokane be liable for the
payment of said bonds or any part
thereof.
Sec. s. For the purpose of making
of said improvement. there shall be
issued by the city Of Spokane it's ne
gotiable coupon bonds, as provided In
an act of the legislature Of the state
of Washington, entitled IAN act au-
bonds by cities. to pay for local i'm
provements, providing for the pay
ment thereof and declaring an emer
gency," approved March IA. 1899. pay
able to bearer ten years after date.
cent per annum, payable annually;
which bonds shall be styled Special
Improvement Bonds, Cedar Street
Improvement District Number One"
provided the city of Spokane reserves
bonds according to their numerical
order. as provided in that act above
referred to, whenever there shall be
sufficient money on hand In the fund
hereinbefore designated to pay any of
in an aggregate amount equal to the
total amount of speciat assessments.
levied as herein provided. and shall
be of the denomination of $200 each.
except that one bond may be for such
sum less than 5000 as may be neces-
kn
with the total amount of special as
sessments. levied as herein provided,
and provided also that the first of
said bonds may be for an amount
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. levied
as herein provided. and the actual
ment shall be paid by the city of
Spokane. as provided in ordinance No.
A10SS, above referred to.
Sec. Z. 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
and accrued interest I'm payment CO
the contract price for such work, to
the extent of such bond issue, If the
city shall so elect, and that the bal
ance, If 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 go into effect, In so far
as the city Is concerned. or be bind
ing upon 1t. until the assessments
heerin provided for shall be con-
firmed; and. in the event the assess
ments and assessment roll herein pro
vided for shall not be confirmed then
such contract shall be OF no further
force or effect.
Sec. 8. Whereas. an emergency ex-
lists, therefore this ordinance shall
take effect and be in force from and
after its passage.
Passed the city council August 4,
FRED f. BALDWIN,
President of the City Council,
Attest: G. A. FLEMING, City Clerk
Approved August z, 1903,
T.. r ROW 70