The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-02-04

VnopoHEp AMENDMENT 80

PROPOSED AnEHDMENr 80 =.
A KERoLCrfuN ani fhofosi -
20 amend Article ~ - the Ctr Charter
u sss cisy 81 ss.,tis " adaias thereto a
nse siion 20 hs hnewn 80 herii.n ~
relating 90 the tnNesi mrni - ettg tuMns'
sns .,s,els'.ss , 20 s,ssn n ~ e.ay
a. the genera mynicipsi elreHon 70 be
held Narch Z, 1918 -. -.
80 81 kke9iek1 ~ -
maj Article IN ~ tho city Charter -
Anpeaaad hY udiiax tharste sss ssc,lg'.
% - sngwu ss aseisoH ". ~"ash shA''
rsssiss NJ whsnsvsr the amount q
cash ~ haaa bsiouEiuE % the eht -
barts ssr~-ss ssch sani az 10 reasonably
safgfelen 10 rse~f all the current -.
noanas and allegations ~ the efir ard ~
Sc fanAs. Districts Ana asi'aitin,' ~
eest temporarily ths exress shefe a.. =
f.aagnshiT sufficient sum ~ ne Nal3
itT aiuiY and general n7nas sHa
Ypsnts aF special assessment districts a.
maf r. rreref per and accrued fnisres'
surh bonds ~ warrants may be 80 N :
vested in after TIER have been st's s,el
Issued o. soia ~ tbs citY. such invas' !.
msni shall not ppefats ~ pal. cancel =,
snasl sn sagd - assHs' -, hen, ~. s,,,
shaiI - deemed tn an respects The legal
owner - such bond ~ warrant
SIZE cash mag slsa - ny eairt in s'nas
~ thr Hfats - Washington. OF q he
eaanties. ciiirs Or school districts y The
~ ate - Washinrtuu. 90 in the bonds uf
tho ffntfrd states Anr bonds Or var
rarts - Invested IN MAJ b. SOLD fof cash
~ - to.s than pAr ana accrued inirE.
s4f IA arroftaucs Htth laws and efdl-
raftres providing for the Issuance pr sale
81 ssnas and the proceeds shall b placed
-, s,,sh ssre.s q cash on hand real
ornrsrgy ehrn said According 20 iaN Tor
arlias ssnt special assessments. may -
parc kMari ard the city is authorized "a
x thr fret pafsHa At eaid sale, effsftnR
10 tsaf tho ananant fpe On each l@t trar
Or parcel - land Or other property 1nld
arr'.raiar 70 ths stztute in sueh case pre-
rtded The real property - acquired MAJ
- .sia fnf cash. and the proceeds shall
b. placed tn the rifN treasury IN "fnsr
thai such uxccaa % cash On hand may be
ir a. Gated ir bonds 90 warrants payahls IN
~hafa 81 IN part from local improvement
dlffriesa on condemnation districts The
assessed Yaiuaiiau o. tho property as
ses.d g ps5 ,os 'I,h ,ss ,i,ns ~ ,Ss
u.r.haas bY the city ~ such bonds o.
warrants eEcsed ths sum assessed Tor
49, fsrrr,vofnrf4f or condemnation added
e. 90 outstanding special assessments
.lngIea against said property.
f-n4apf shrra lneouHiatrnt with statute
ali Interest or profit from any ard al
such Investments shall belong 70 the city
a. n part Of 10 general fund. and sach
fspa shah bear all Losses that may 70
.uit from auch Investments
The amount o. working capital In The
form Of cash on hand reasonably nocns.
say 10 meet all current expenses and
OH cations shall be aaceriainod and de-
tsrminsd from time 60 time ~ city ~
.Aln4nrs Tho duties % making. man
.artra and diHppninH % said Investments
mali 10 performed by tho Finance Com
sulttea ~ the Clty Council. subject 90 the
approval o. the city Council, unless the
-. .......s, ~ aarh duties ta otherwise
provided by city ordinance. Rules reEu-
intfns Tho performance OF ustd duties
may also DO provided BY ordinance. Al
bonds warrants, ana Al doe1msntefg
m .haW bs IN tho custody - the City
f'omrtraiier. who shall DO liable for tho
safe keeping thereof
Prostdcd In tho event the electors OF
,hs rffv shall direct tho creation aud CO
tabttshnaut ~ a municipal banklnE and
trust department In tho treasury depart
mont o. tho city tho requirements ana
functions herein authorized shall, In vol
- a. thsv are not required hy law 20 he
n.rfarmed by other departments OF the
sitv 10 a part Of tho duties and funr
tons and shall be pertotm2d IN and
threush said banking and trust depart
y AND nm 1T FURTHER RESOLVED
that such amendment be submitted to|
tho qualified electors OF the GUY Tor theF
,raf municipal election Go he held In the
CIV OF seattle on the attn day OF March.
~ tt,a...a the city Council tho soth day oil
psrember 1919. and signed by me In
an.n aoaaiou In authorization Of its pas
saFe this 9Oth day % Dscenbsr. 1913.
HOnT u. HEsK ETH.
President Of tho city Council
Fted the g0th day % December. iai2.
H. w. CARROLL.
CITY Comptroller and eN-officio city clerk
Date Of first publication January alst.