The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-11-17

50. !

PROPOSITION NO. ].
The question % ratifyinx certain
scheme % Harbor Improvement In
the Port District OF the Port OF seat
tie. as made and adopted In and ~
Resolution No. 1871 OF the Port Com
mission as follows. unit 20 be
known as No. .. providing for the ac-
quirinx and development Of landing
sites on Lake Union for the accom-
mediation OF shipping. and TIE utlH-
ration OF sites acquired by KING
County; a unit 20 be known as No.
10. for the acquiring and desslop-
mcnt OF landing sites ON Lake WASH /.
inKton for tho accommodation OF
shipping and the utilization OF sites
acquired by King County ana the
acquisition OF marginal ways Tor rat
and water transfer and terminal
facilities on the shores OF lake
washington and the development %
navigRbis channels with public land
inRs on the tributary waters OF Lake
Washington: and unit 70 be know n
as Unit No. u. providing Tor a Terry
service with landings between
vashon Island and the mainland TO
the eastward.
PROPOSITION NO. :.
The question ns TO whether Port
Commissioners should receive ade-
quate compensation for their serv %
ices. or should continue 10 serve
without compensation. the vote on
this proposition 20 be only advisory
10 the next session OF the Legislature.
PROPOSITION No. }.
The question Of authorizing the
Port Commission OF said Port ~
Seattle TO borrow the sum % Three
Hundred and Fifty Thnusand Dollars
and issue bonds therefor for the pur-
pose II completing the Central
Waterfront Improvement. which In %
q. .sN.ruraA Ia Unit No
OF the Comprehensive Scheme OF
harbor Improvement
Said bonds shall be general serial
bonds Of the Port OF Seattle. In such
form as said Port Commission shan
hereafter prescribe. OF the denomlnn 10
ton Of One thousand Dollars each.
numbered cousecutively from one to
Three Hundred and Fifty. bearins
interest at the rate OF i've per cent
per annum. payable semi annually.
principal and interest payable at the
fiscal agency OF the State Of wash
inRton In the city of New York. 10
be dated as issued and issued In such
amounts and at such times rs the
Port Commission shall hereafter pre-
scribe
said bonds TO mature In from /
I to ~ years. with average maturlties
Z Of apprOximately 26z years. all as
! specifically set forth in Resolution
/ No 1sl Of tho Port Commission.
D Ehtl Upu0Fs principal anu lNhffFNti
TO be paid out Of the net income
from tho Improvement. and In case
I the net Income shall not be sum
Client for that purpose, the remain
der shall lie payable out OF taxes
levied ia said Port District The de-
tails Of the method OF creating and
applying said net income ana taxes
ana Of creating a proper and sum
cieut fund Tor the payment of the
principal and Interest 81 said bonds
ne They become due 10 be as here
nftcr prescribed by aald Port Com
mission Said $4,000 ~ bonds 10
take the place 81 q like amount IN
bonds 90 be selected a. near ~ may
be by average mHturitlesl ~ the
81 600 900 bond issue FOR the East
waterway Improvement No p au
thorized by Resolution No. 100 and
By vote Of the people nj tho election
of June H. 1919. and tho authorizn-
fion by the people Of this 1850 600 OC
issue 10 act as a withdrawal by mo
people Of authority for n Ike amount
~ said - 0O0.0O0 bond Issue. but IN
no respect 70 invalidate or withdra y
authority ms 70 the remainder ~ snld
s2.0OGO00 bond issue
PROPOSITION No. 4
The question Of authorizing IN,
Port Commission OF said Port oi
Seattle 70 borrow the. sum ~ one
Hundred and Seventy five Thousand
Dollars and issue bonds therefor foI
the purpose ~ extending the Salmon
Bay Improvement. which improye.
ment IS embraced In Unit No OF
the Comprehensiv Scheme Of hnrboi
improvements
Said bonds shall he general seria'
bonds OF the Port or Seattle. in Auct
form as said Port Commission shall