The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-02-27

PROPOSED AMENnMENr So
A nfgoLt rtUN an1 rWpF"Htft ION
ta afasnf Article TX - fhr citr chari5r
n 10 etiy % aeaftls iy saaiaE thereto q
nnm section 90 ha hnaWu 81 NrNtiuH ~.
rriatfnE 60 the inrrsi ntHnf n ritf fun1t
aHd suhusifttnE sarh af 'vnsfa anl -
az re general fmuniflpai fiertl9n Go Dc
hast March 1874
Hs ~ uERuLNEp ny TuE CITY
c9tNciL uF TIE CITY or bEAT
Tss, kruris TX - the CITY Charter 20
aluet fHa bF adilnE thereto . nea sect i1n
i1 - kanun a. section -. which FhAt
assiisa b Whenever ,hs amount q
cash ou Hand belonging 80 the C4iy -
geaitis Including dspnslts in of SIN
leaks exceeds such run 80 10 feasH uAhif
aaffifiout 60 meet ali fho current -
uFnsfs ard obligations - thr rtr esd -
itx fguda districts ana departments as
.thsy krefse. iae ESQ g. sntaoiitea e. ln.
LEGALLY sufficient rufn IN tht talif
rIfF uflufr aaf Ernrrnf bonds end s. af.
rleuis ar sg.rsiai asseFsmsn, districts. nl
nos 90 exceed par ard arrfurd Interest
such huHds oT warrants may Do 30 in.
vested ia after iheg haFs tesn executed
effhrr before rT after thHy have been
issasd or said b. tho cts Such iavsai.
went she'll not operate 60 eaF cancel uf
ehnui any bond ~ warrant % Invested
lu 90 10 impair lis Validity but tho city
.anner ~ surh bond ~ warrant ~
such cash may also - Invested ia honfs
n tho state - Nash!nEioh. 0r y f.r
Nles cities or school districts 81 ihr
AL - ~ WashiHnfUn. ~ iu she h0ata -
the United states Any bonds o. war.
ranfn b. invested IN mag - said fnr cash
esi. ~ accordance with laws and ofdi
nanr-n prafifiHg for tho issuance Of sale
~ bqeds and tho proceeds shall b. placed
ip the city treasury
property when spid according 90 Law Tor
delfrauent special aaaraaurniH may 10
part haaef ard the city - authorized 60
80 10 fret parrnn at said sale. nfferinr
10 rsy the amount due IN each Dot. tract
81 parcel - land 90 other property sold
according 20 The Htsiute In such case pros
Viard The real property 20 acquired may
20 sid Tor cash. and ths proceeds shall
los ufhrea lu the rtty treasury m urlar
that such excess q each on hand MAJ o.
Invested ln bends or warrants ga ahln In
whais or IN part from local impl Z, en'.,ii
aasrnsrt valuation % tho property as
ra4srd 80 pay Tor such Improvement or
rondetu natlon shah. 81 mo time q the
rufrhaao bF ihe city % such bonds Cf
warrants racecd tho sum asarHaed Tor
such Improvement Or condemnation added
10 au outstanding special assessments
levied against said pIofsiy IL, -.-...-
Errapt where Inconsistent With statute
AL interest or profit from any and an
such Investments shall belong TO the city
"a a part % itH general fund and such
fund shall bear aN loaaoa that may fo-
suu from such Investments
m. amount Of working capitol IN tho
form % cash on hand reasonably nccra-
.a.rv 20 meet an Curront expenses ami
ettfgaflaru shall be aacertained and dc
tormirea from time to time by city 1r-
dlnnncs The duties % making. man
aFluF and dlapcsinH OF SAID invest mcnts
r,ftte. ~ the cry Council. subject % tho
anproeal 81 the CITY Council. unless tho
na+f,rmanre OF such duties ls otherwise
rrpvtstrd hv city ordinance Hulcs rsEu-
t.Ur. no performance % said duties
NAV nfHn BE provided by ordinance Al
honda warrants and AL documentary
evidences Of uile 90 rlshta - Invested
h. shnli bs in tho custody - the GUY
rsomntroIisr. who shall be liable Tor tho
safe Keeping thereof
tho city shall direct the creatlen and cs.
tahtishmsnt q municipal hankins and
.trYrt dopartment IN tho treasury depart.
mont N the city. tho requirements and
fuuotlnns herein authorized shall In 20
a. 49, they arc not required By law 60 be
f.e,aea ~ other departments Of the
Ia r. a part ~ the duties and func-
tisnt aud shall be performed IN and
thro,iFh said banking and trust depart
Rtp pn IT FURTHER RESOLVED
thar a4rh amendment ho submitted 60
tho nuntffird electors OF the city Tor their
rntifiaation or rejection az the next gen
a,,i r,,tntrlpal election 70 he held In the
CIV ~ seattle on the tth day Of March,
t9tH ,, -, ...,
,,..a,aber 1912. and signed by me In
',es seusion In authorization Of its pas
80 tt,is aOth day OF December. 1914.
HOnT u. HESK ETH.
president u tho city Council.
rn.a tho gOth day ~ December. 1919.
II W CARROLL
ctty ea.aptroilor and ox-orflclo CITY Clerk
Date III first publication January 3iat,