The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1904-02-25

4. 5. 6. 80, 81. IS. So. 81 and SO. in
IS. So. 81 and 3s, in block II: lots IA.
l u.s. l s. T. 4 1 b1odk H. g. FL m s u.s. "a
Addition to West Riverside Addition
to Spokane.
Sec. 4. Special assessments pay
able in five equal annual installments
shall be assessed to and levied upon
the lots and parcels of land in the
in the manner provided by the char
ter Of the city of Spokane and Ordi-
nance No. A10S8. 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 or
dinance. and said assessments, when
the same shall have been confirmed
by the city council, and shall be
lien on the property in said assess
ment district. and payment thereof
may be enforced in the manner pro-
Sec s. There is hereby created
fund to be known as Michigan Street
Improvement Fund. District Number
One. into which shall be paid the
aforesaid assessments as and when
directed 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
shall be paid said bonds to the extent
thereof. and in no event shall the
city of Spokane be liable for the
payment of said bonds or any part
thereof.
Sec s. For the purpose Of making
payment for the cost and expense of
said Improvement, there shall be is
sued by the city of Spokane its ne
gotiable coupon bonds, 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
ment thereof and declaring an emer
gency." approved March IA, 1899. pay
able to bearer five years after date.
per cent per annum; payable annual
ly, which bonds shall be styled "Spe-
cial Improvement Bonds. Michigan
Street Improvement District Number
One;" Provided. the city of Spokane
| reserves the right to call and pay
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
| special assessments. levied as herein
provided. and shall be Of the denOmi-
/ nation Of 5000 each. except that ono
| bond may be for such sum less than
issue correspond with the total
1 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
- n no n a nc hnr in
vided. 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 cost and expense of said i'm
provement shall be paid by the city
Of Spokane, as provided in Ordinance
! No. A10S8, above referred to.
Sec 7. Said Improvement shall be
made under the supervision of the
board of public works. which is here
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 in payment of
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 binding
upon it. until the assessments here
in provided for shall be confirmed;
and, in the event the assessments and
assessment roll herein provided for
shall not be confirmed, then such con-
tract shall be Of no further force or
effect.
Sec. 8. This ordinance shall take
effect and be in force ten days after
it's passage.
Passed the city council February
16, 1904. FRED E. BALDWIN.
President of the City Council.
Attest: c. A. FLEMING. City Clerk
Approved February %. 1904.
T.. r. BOYD. MayOr