The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-02-28

- TtNfstHFT AMENDMENT so
| NrNutH-rfuN ana I.foFuhtEfoS
10 amend Afsleis tx u The cry charter
80 fh- CRY 20 Seattle br adding thereto .
paw section 90 ~ known 40 Frrfien y.
Ass sutusiftinr sueh PROPOSED au'rna /.
{ rtsnf 10 tho qualified eiersp ra Of the city
~ ihs general rtuuieigai si"ctloa to -
~. ~ nEsot.vEp uY the CITY
,ruuNCft. uF THE CITY OF SEAT.
Tl.E
iTlsi At,icis TX Of the CIV Charter 10
amgndsd b. adding thereto = neN SC iien
ie - known - Section -. whiTh SHAH
| section - whenevrr IN. amount %
lrash en- had heisnFinE % the cts ~
seattle inriufinH deposits IN o. sth
ltanss exceeds nuah sufn a. j. REASONABLY
sHflf ient 20 meet an ihe rpftTni -.
lr'~usss ard etnHatlsns - ths city aud -
| ifa funds districts ard depart ntrntp az
lthsF Aerfur tha Fftr IL aufhuriaef g. m
srsi 'smporsr.,r ihs ssr-ss ahsss so :
/ ritr utNifF ard general bonds ard ser
rants - fhr rtir. o. - Ns faraa 0sftsFH o.
sssuss or special srsrssfnent districts. ~
not % rrcsed par and accrued intrrs
| aurh bafHa " warrants rnhr b. IN.
vested in after they haze been executed
either before er after they havc been
iasssd o. aeid b. iha city. Such inFaHi -
Hasut SHAH not sprraie 70 ray. cancel ar
| nrsuul any bond o. warrant 80 Invested
~ o. % iu'rai- - VALIDITY. but n" city
sss nsr q, such bond Or vnrrau,
Such cash may also - Inverted In bonds
- enc state % WnahfnEtsn. ~ - The
STATE II Washington. ar IN she eends 81
lths Nhtied States Any bonds - wnf-
fants - invested ~ may ~ sold for cash
At not less than par and accrued Inter
est Ia accord nee uith laws ard urdl-
rahesa providing Tor ihs issuance or saie
81 bonds ard the prpersds shall be- piae7d
in the city tfeasafr
Freu such sxcsEs - rnsh m hard real
property. uhsn std aecardiuF 20 iaS for
delinquent special azaessmrriH may 10
pslre hassd. ard tho rity D. aui ritrf TO
- the rrrf prfenu AZ said sale uffefinE
a. s,av the afnnunt duo or zach ins tract
% parr~I - land af ether properly nnld
arrrrftnF 90 fhe stafute in surh rHH~ pre-
Yldod The real property - acquired may
10 snia far cash and tho proceeds shall
80 aiaroA o. the riff fr"RuGry ~ order
that smch rxQeHs of rash on hand may -
inv ssfsf IN hnndH or ~ nts paYaLin N
Whole o. IN pert rom local Improvement
atrfri-i. or condemnation districts Ire
asa~ascd valuation - Tho property hr-
sessod - ray iaf sueh improvement or
conformation shall. az the time % the
fu+rbaaa ~ tho city % such bonds or
wnrranfs oxc-rt tho sum nsneHsed for
such Improvement or condemnation added
10 ali outstanding special saHgsafn onts
levied against said property
F.Y~srs where Inconsistent vith sfntute
ali Interest or pfufit from any and all
s,rh tpvnaifnonts shall belong 90 tho city
- rari o, i's Ernerai fund. and such
anna shaW bear al losses that may re
ssit from such insosirn"uta
The amount % WORKING esrliisi IN the
aarv 10 meet all current expenses and
ttttsationn shnu he nscertsinsd ana de.
srr-'7tved from time 20 time by city sr-
st.-.gr The duties 81 making man
asinF and dispnalnr ~ said Investments
-1rsu hs performed ~ the Finance Com
800, Of the city Council. subject Go the
approyai Of tho CITY Council. unlnsa the
ssssts,,rusnre 81 such duties is otherwise
provided ~ city ordinance. Rules regu-
ta.lur tho performance Of said duties
fav also be provided hT ordinance All
Hrrds warrants and all documentary
~yia.nre~ 81 title or rights 30 Invested
-. ss,nlinr IS no shall DO liable for the
..fa keouinH thereof
tr,vtand ia the event the electors ~
a. cltv shall diroct tho creation and 90
,ttt.h mont OF "A municipal banking and
,,,,s, aepaffment in tho treasury depart
.nsut 81 The city. the requirements and
fn1sttona herein authorized shan. In 20
- as they ar~ not required BY law TO be
~. ,.s,,,.d nv other departments OF tho
-. ~ a mart OF the duties and fuur-
49,. ard shall 10 performed IN and
shro,iFh said banking and trust depart
Mvs~n ne IT FURTHER RESOLVED
a.. .urh anne ndru~nt hr submitted to
ne onnTfied electors ~ the city Tor their
tt ..4 efs,tlon or rejection AZ the next gem
s,,si fnunicipal election 90 be held In the
49, Al seattle on the ath day OF March.
na..od the city Council tho 'oth day Ell
lt,,'9sfbbsr faf1 and signed by mo inl
ss,,so session IN authorization 81 It's pas
Nsaasas,bfs aOth day ~ December. 1919.
So HOBT ~ HTsk ETH
President Of the city Council.
rFed the seth DAY 81 bcs"meer, l9l2'
49,. f.,nntrotler and es officio city clerk
pate OF first publication January 2ist,
.1ela