The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1912-09-20


due. The first installment shall become
due and payable during the thirty (3O)
day period succeeding n date one year
after the date of the first publication of
said notice and annually thereafter.
| Each succeeding installment shall be-
come due and payable in like manner
| if the whole or any portion OF any as
| sessment remain unpaid after the first
| thirty 900 day period herein provided
for. Interest upon the whole unpaid
sum shall be charged at the rate fixed
| in the ordinance providing for such i'm
| provement, and each year thereafter
one of said installments. together with
| the interest due upon the whole or the
| unpaid balance, shall be collected. ANY
! installment not paid prior to the expira-
ton of the thirty 900 day period dur
| ing which such installment is due and
payable, shall thereupon become delin-
| uuent All delinquent installments
shall until paid, be subject to charge
| for interest at the bond rate and to an
| additional charge of five per cent 90 per
| cent? penalty levied upon both princi-
pal and interest due on such installment
| or installments, and after the eXpira-
! ton of the thirty 800 days after the
date of the first publication of treasur-
| er's notice above referred to, the City
Treasurer shall report to the City Coun-
| ell the total amount of the assessment
unpaid, whereupon the City Council
shall issue the bonds on the local i'm
provement district established by the
| Ordinance providing for such improve
ment in an amount equal to the amount
| remaining unpaid on such assessment
| roll, but the bonds shall not be issued
prior to twenty 600 days after the ex-
piration of said thirty 600 days.
Notice by Mail
| Sec s. In all cases of assessments or
| installments thereof becoming due and
payable, the City Treasurer shall mail
| a copy of the notice required to be pub
| lished to the owner of the property as
sessed, when the post office address of
| the owner is known, but failure to mail
the same shall not be fatal when pub
Sec. 9. All bonds issued in pursu-
| ance of the provisions of this Ordinance
shall be in substantially the following
CITY OF LEAvENwoRTH
| No - q $780,
Local Improvement Bond
| District No.-------
| The City of Leavenworth, a munich
pal corporation of the State of Washing
ton hereby promise to pay to---------
-------or bearer,-------------
Dollars lawful money of the United
States. with interest thereon from date
| at the rate of----------percent per an
| num- PAYABLE annually out of
the fund established by Ordinance
No. of said City and known as
Local Improvement Fund, District
No.-------and not otherwise, both
principal and interest payable at the Of
| fee of the City Treasurer of said city.
| coupon is hereto attached for each
|
and said interest shall be paid only upon
presentation and surrender of such cou-
pom to the City Treasurer; but in case
this bond is called for payment before
| it's maturity, each and every coupon
representing interest not accrued. at the
| time this bond is payable under such
call, shall be void.
Thin bond is payable on or before the
subject to the call by the City Treasurer
| of said city whenever there shall be
sufficient money in said local improve
ment fund, district No.----------to pay
for same and all unpaid bonds of the
| series of which this bond is one, which
| is prior to this bond in numerical or
der over and above an amount suffi II
| cient for the payment of interest on all
unpaid bonds of said series.
The City Council of said City as agent
of said local improvement fund. dis,
| trict No---- established by said
| Ordinance No.----------has caused this
bond to be issued in the name of said
City as the bond of said local improve
ment district No., the pond. OF
payment of so much of the cost and
| expense of the improvement of those
portions of said City, as is created by
| local Improvement district No.--------
and provided for under said Ordinance
| No levied and assessed
against the property included in said
local improvement district MOI
and benefited by said improvement, and
| the said local improvement FUND, as
trict No---------has been created by
Ordinance No. said pnri -
bond shall look only to said fund for
| payment of either the principal or in
| terest of this bond.
| The call for payment of this BOND or
| any bond of the series of which this is
| one, shall be made by the City Treas
urer by publishing the same in the city
| official newspaper of said City, and when
| such call is made for the payment of
| this bond, it will be paid on the day
| the next interest coupon hereon snail
become due after said call and upon
said day interest upon this BOND snail
| cease.
This bond is one of series of local
! Improvement bonds, series-------19----.
aggregating in all the principal sum of
issued for said local improvement, dis
| trict No.--------, all of which bonds
are subject to the same terms and con-
ditions as herein expressed.
| IN B. This bond is issued by virtue
of the provisions of an Act of the Legis-
lature of the State of Washington, en-
titled: "An Act relating. to local I'M
provements in cities and towns and re-
pealing certain Acts and parts of
Acts" approved March H. 1911. Section
| ffty-two (52) of said Act reads as fol-
"Sec So. Neither the owner nor hold
| er of said bond issued under the author
| ity of this act shall have any claim
| therefor against the City upon which
| cia1 assessment made for the improve
ment for which such bond is issued, but
| his remedy in case of non-payment shall
be confined to the enforcement of such
assessments. A copy of this section
shall be written, printed or engraved
on each bond so issued"
| IN WITNESS WHEREOF, the City of
| Leavenworth has caused these presents
to be signed by its Mayor, attested by
its City Clerk and sealed with its cor
! porate seal this------day of--------,---
| in the year of our Lord one thousand
CITY OF LEAVENWORTH.
| BY-------------------
! Mayor.
Attest:
| City Clerk.
There shall be attached to each bond
| such number of coupons not exceeding
| ten (10) as shall be required to repre-
sent the installments of interest thereon
! term of said bond, which coupon shall
| be in substantially the following form:
| On the---------day Of, 49,
| the City of Leavenworth in the State of
| Washington, promises to pay to bearer
at the office of the City Treasurer------
------------Dollars, being interest due
on that day, on Bond No.------of the
bonds of local Improvement fund, dis
/ -