The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1903-04-01

said Improvement, as hereinafter
provided, and from which shall be
paid said bonds to the extent thereof,
and in no event shall the city of Spo-
kane be liable for the payment of
said bonds or any part thereof.
Sec. 6. For the purpose of making
payment for the cost and expense Of
said Improvement, there shall be
issued by the city of Spokane it's ne
gotiable coupon bonds. as provided
state Of Washington, entitled "An act
authorizing the issuance and sale of
bonds by cities. to pay for local i'm
provements. providing for the pay
ment thereof. and declaring an emer-
gency." approved March II. 1899.
date. bearing interest at the rate of
six per cent per annum. payable an
nually, which bonds shall be styled
Special Improvement bonds, Illinois
avenue Improvement district No. l."
provided the city of Spokane reserves
the right to call and pay any of said
bonds. according to their numerical
order. as provided in the act above re-
ferred 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 5000 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,
levied as herein provided and the ac-
tual cost and expense of said improve
ment. shall be paid by the city of Spo-
kane, as provided in ordinance No. A
1888, 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 Improvement
completed as soon as may be con-
siStent 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 ac-
ccpt tlc ueTeln pTON1uSu at
par and accrued interest in payment
Of the contract price for such work.
to the extent of such bond issue, IL
the city shall so elect, land that the
balance. If any. OF such contract
price shall be paid in such manner as
shall be hereafter designated by the
city council. No contract herein pro-
vided for shall go into effect, insofar
as the city Is concerned, or be bind
ing upon it, until the assessments
herein provided for shall be con
firmed; and. in the event the assess
ments and assessment roll herein
provided for shall not be confirmed,
then such contract shall be OF no fur
Their force or effect
Sec. s. This ordinance shall take
effect and be in force ten days after
its passage.
Passed the city council. March "a.
1903
Il. w. HAND,
President of the City Council.
Attest: c A. FLEMING.
City Clerk.