The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-02-12

ruoPosEn AaKNDAENr 80
A WENBfA-rfuN aud iNnfhtt tfN
70 an~nd Ariieis u ~ ~ CIV '.iai =.
asn section 90 - Hnuan a. section y
rniaftns 60 the fnvFat 1uenf - fltF tNhWs
and sutfnifttua ssrh pfnppara aih@na
insmt 20 the quailnsd electors y TIE '.tf
at the general ruuicirai election TO %
hsfd March 1873 -. =.
nE n RESOLVED BY TIE eiIf
corNcii. uF TltE ctrr on SEAT
fhsi Article TX - che city Charter .
atneuash bY addlnE ihrfefn ne@ - t''h
TO b. knnpu &c elton -. nifH ahAi'
as~liag ~ whoever ths amount =
raah om hnnd hsianainH go $40 'Hf y
Seattle tns inhihE deposits tn ~
banks exceeds sufh rnfn - " fsar-,''A az
sufnftvnt % meet aN me ostffW
r.-nsas ara nfffsn flHna nf thr flfF enl -
lee funds districts anh drrAftH1snts 90
thsy accrue. the titF is s@ihet 'ana - lg
fsasanatiT sutfirient sHm 70 me Natli
aitr ufHIsy ami Fsnrfal bonds AnA " ~
rants II she cifT. 81 ~ liH tHnAe hei,Aft
u@nta o. srrrlai asressfnent dieiil.i.. a'
nhf a. earreh par hnd accrued Interest
aarh t.nrfr 81 warrants unaf b. 80 IN
Vested h. zftsr they have been .h0eH' ~
either before 90 aft7F lhef nave o. =
lsssssd o. suif bY che city such infesi
furnt shau rot operate Go pa. cancel ~
annai Anr tund o. vaffaut % tnt rsied
ia g. a. impair Ws Validity. tut the cilf
snAu 10 deemed ~ 81 r.srre,a tn' haa'
Aarneash may also ~ Invested 10 bonds
4 ths state - Washinrinu. or % the
eaaafts. cities or sFhnni districts ~ The
#ssts ~ Warrington ~ iu the bonds -
ths ifnitsd ststss Any bonds ~ gar
ranlu 30 Invested in may - enld Tor eesh
AZ oct l-ss tbsn par and accrued tutcT-
sss IN accordance WIN ihHH nnd cru
nafr-~ fruvidinE fnf $3.50 issuance or sale
N hs ~ ana ihs proceeds shsii b. PLACED
tA.tHs flfy treasury
- IA s,srh ~xccss - cash on hand real
nfeprrty whrn seid according q" law ~
doiin.lsfsni special assesamrnts. may -
parrhasra ard the city 10 authorized 20
- thn first person % said sale, oterinr
h. nav ths amount due on zach lot. ira {
81 parcel - lard or other property t'ia
.rs..r,ffnF 90 tho Htafata in such case proc
rid~d Tho real property - acquired MAJ
10 snid fnr cash. ana tho prnreeia thNh
BE- placed iu the citf treasury ~ ofH~f
thaf .ttrh rscrae % cash 40 hama may bt
t,gs-ts.1 ia bonds or warrants pas ahir 10
whst. or ~ part from inrai imprpv cntrui
atatrfsata or condemnation dteirtcia ne
Assessed valuation " ne ptNp'ity as
srss.d 20 ray fnr such Improvement ~
ronAsrtnatiun shall AZ the time ~ the
nurrhasa b. the city % aueh bonds 81
uarrants sNrssd tho sum hsa"~n"d t'r
s,ir D. Improvement or condemnation added
~ All outstanding special assessments
.tottra AGAINST said property
t..s.ef,s Whrra ln~nnsisfent with statute
ali Interest OF pfoui from any ana az
H ~
n. ,.rt - tfs general fund. aud such
fu,d .hsu bear al loascn that may TO
nj, frstn such Investments
Tho amount q oss'p rs, esp,sis m NC
-.rv 10 meet on current expenses ava
ohtisatinna shall be ascrrtained aud dc
trrutluea from time TO TIME ny city fF-
tty.r@r The duties 81 making, man.
-.f-~ .ra aispanfnE % said invrstme nts
.t.fI - uarfnrfurd br tho Finance Com
.reittee 81 tha CitY Council subject 20 tho
approvai % tho CITY t"uhcil unless We
~ s.rtnaneo ~ such duties Ia othrre -
',-f,tsd h., civ ordinance Rules reru-
iatinr tho performance or said duties
o-av aiss DO provided by ordinance Nj
bonds warrants. and aH "u'u,nehl az
...id.nrea o. titir 90 rights 40 Invested
~ .tu 80 tn tho cuai ndy Of tho titN
c,tnot,.lisr. who shalt DO liable for the
aafr kreuinN thereof
a. etty EMAIL direct the creation and cH-
,-Stt.hT,sut 81 q municipal banking and
,ru.t department In the treasury dcper J.
mont 81 tho city. tho rFquiremenia ana
100 herein authorized shall. In 90
49, y. me-, arc not required hy law ~ no
,..r f,rr,ea hy other departments ~ tho
INV he . part % the duties ana funo.
lions and shall Do p'ti"I'h'n " ana
through said banRihs ana '"s' depart
mn ur 1T FURTHER RESOLVED
-, .,,ch amendment DO submitted 20
Inc qualified electors or tn' slb lor thcH
.tattfiration or rejection at the next gen
~ -, '..,,,trtpaI election to be hold IN tho
gts1 ~ seattle on the san day of March.
Passed tho city Council the 7oth day q
,..s.,tc, 1919. and signed by mo IN
-, srs-lon in authorization ~ Its pas
- ,hIs .Oth day OF December, 1919.
-"t' '"' HoBT 49, HESk ETlt
president % tho CITY council
en- an. aoth daY ~ December 1912.
Wv" ~ W CARROLL.
cttv Comptroller and ~ officio CIV clerk.
mia %, first publication January 3iat
tNlI