The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-11-22


PROPOSITION No. /.
Th. question OF ratifyine certain
additions to the compreneaE'
scheme OF Harbor fmprovensns
the Port District OF the Port OF
tie as made and adopted IN am -
Resolution Nc. i5s OF the ~ - he
mission as follows. UNIV
known a. No. 3. providing Ter M
oulrine and development OF lhhutlA
sites on Lake Union Tor me eetttt
mediation OF shipping. and NE l,irs-
ration OF sites acquired ~ h.Hs
rountv. a unit to be known as 10
10 for the acquiring ana denslog
ment Of landing sites on LAKE y -.
ington for the aecomuionAtts"
shipping. and the utillkatloh ~
arnuired by King County ana ~
scauisition Of marginal ways TOT -,
and water transfer ana tstn'i3 -
facilities on the shores o.
Washington and the dsFetoptn'nh
navigabic channels VII pv.' =, rsEs
washington; and a unit TO be khoNn
as Unit No. II. providing TOT
service with landings
vashon Island and the mainlah0 70
the eastward.
PROPOSITION NO. :.
The question as 10 whether Port
e-o,n,nfssioners should receive ade-
ouate compensation Tor their SER
tees or should continue 70 seFt =
without compensatory. the vote on
this proposition 20 be only adtisoIy
TO the next session o. the reg 's''''
PROPOSITION no. ;.
The question OF suthoTizInE the
Port Commission Of said fort Vl
seattle 10 borrow tho sum Of Three
Hundred and Fifty thousand i''tihts
.nd fsaue bonds therefor for the pur .
pose II completing the ,en al
Waterfront Improvement. when W
movement IL embraced IN Unit No.
I OF the Comprehensive Schein" Vi
harbOr Improvement
said bonds shall be general serta
bonds OF the Port q Seattle. IN sue q I,
yorm as said Port Commission shall
hereafter prescribe. Of the denonina .
ton OF One Thousand pollafs each.
numbered consecutiNely from 'ht ~
Three Hundred and Flfty. pearln (
interest at the rate OF I'VE p si
per annum. payable semi annue y.
principal and interest payable AZ the
fiscal agency 81 the state Of wash :
fugton In the city Of New ofk. "
b. dated az issued and Issued N Aus
amounts and at such times az the
port Commission shall hereafter pre-
sad bonds 70 mature in from
10 IL years. with average nhtur tlet
81 Unfortunately 26h years. all rs
snerifIcaily set forth In Resolution
IA. Isf Of the Port Commission.
Said bonds. principal ana interest
TO be paid out Of the nft income
from the Improvement. and In case
the net income shall not be SUN
Client for that purpose. the remain
der ahall be payable out or taxes
levied IN said Port District. ne &c
taiis Of the method Of creating and
anniying said net income and taxes
ana Of creating a proper and sutfi
~fent fund for the payment of thf
rrtnctpai and interest 81 said bond'
a. thew become due 70 be 40 here
sfter prescribed by said Port Com
mission Said t350.000 Of bonds y
.ake the place OF Ike amount o'
bonds 90 be selected as near 81. ne
Le Nv average maturitlesJ OF thf
a. o60 o0O bond issue for the Easl
watarway Improvement NO. ?. au'
,hnrized by Resolution No. 100 anf
- vote OF the people at the election
-, r1ne II. 1913. and the authorize
.ton ~, the people 81 this 100000 ~
,s,te 10 act az q withdrawal by thu
neoute OF authority for Ike amour
y, said 81 900 600 bond issue. but n
"a respect 20 iuvalidaie Or WITHDRAW
authority as 20 the remainder OF Aaif
$4,000. 600 bond Issue.
PROPOSITION NO &
The question Of authorizing tn
port C0mmiasion Of said Port o
Seattle 20 borrow the sum Or on
Hundred and Seventy five Thouaauf
the purpose 81 extending the Salmon
nav Improvement. which improve
rueut s. embraced IN Unit No. ~
the Comprehensive Scheme Of harbo
improvements.
Said bonds shall be general nerla
bonds OF the Port Of Seattle in'auri
form as said Port Commission shal