The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-02-06

EffGNAshfMl.AN a NJ - = -
A uFFufIrfOS and fiipFpAtfipN
% sfnend AFtllis IA u tho 'hp thA't'l
% the cifY u seattle bY aaalns ihsfe'e
.nem section 90 ~ kHnHu - FsftHsH
rrlattnr 10 tho tRFs#inrn, - fitT fsnae
.rN stihsuftttstF such pfnrmNest ata"hH
fnsnf to fhs qualified electors ~ tHs sisf
a. tha Ernsrai municipal election 70 ~
n me ,r -' nesoi.vrp ny Tus CRY
CoUScIL. oF TfE CITY CIV Sent
.rss, sv,,eie ~ ~ sh- CITY Charter -
n,gsrsisa ~ RddinE sls~fesn q nsM y,
90 Ato Known ~ section ~ VINO" N"''
rusa as follows
ssslsn - whsnsr-r the amount y
osFh ~ hand telpaaius 80 the ~ 1'
saasfle iurinaiuE sercsits ~ - 49,
t.as.ke esrreas such Nam 90 10 frasantnlt
suftsfeat 90 meet aN the rnLf"ni
psusnH ard obligations ~ tho city Nis1 ~
is funds distrig's aud as ps ",
thsy accrue. me city l. authorized 20 ~,
ed temporarily fhH srrcsf above So
r~a sBnnttr snffirirnf Sum N NE talL'
citF utniir and ErneFel h"nas arc N
ranta q tho rttY. o. - ne funds. dersft
meat. ~ special assessment disfricts ~
ned 20 eareed bar ard accrued interest,"
Fueh isonns ~ warrants may - - IN
vsased IN aftcr thei have h~"n ~.
tssued - peid - the ritr such iuFfei
fnant shau not npsfat" 60 raf. tshfrt p,
annui nns bond OF Waffaui =" tuF~Heu
In or 70 impair Hs validity. but the ei.i
shaff le aarnird in sii respects she legal
owuar % Fuch bond or warrant
ssigh cash may also ~ neentrh W honds
q the state ~ NeHhlnN.eh - -
counties. cities or school distfiets ~ tbs
SLATE q wnnhinEten. Or in The bpnas ~
the United Rtafes Any h"nds af ~hf
rauIa - Invested IN may ~ sold Tor casN
a. prt lsns then par and accrued intgr
~af Ia nrrnrd A. . with laws and ordi
raHc~n providing for the Issuance or SAFE
~ burda and the proceeds shan be PLACED
IN tho eity treasury
Prom such excess ~ cash on hand real
nr.p.rtv. when said according 90 laN iur
frilnuuant nf--rtai assessments. may -
pusr hnard. and tire city u AIT haFthrd "a
b. ihs fIrst person 81 sid sal" oifepns
IL mas the amount due On each Tot, tract
~ parcel Of land or other property hlH
aerardtnE TO the statute IN Hprh case ~ o.
vid~d The real property - ae1vrea -
h. asff for cash. Nnf the pfprcFas nhall
10 i,iaas.a ln tho city treasury IN order
thai surh cxrrr. Of cash oa hand may -
In o. ted ~ bonds ~ warrants pay ahto lu
hntn or IN uart from local impf1N ethNnt
districta ur condemnation difiriffs nc
srlesasd valuation 81 tho property ma
r~Hs.a 10 pay for such lmprsf"msnt ~
Inflammation shall At the time ~ th'
purehsss b. the city nf such bonds -
..rranta rrcesd the Hnm assessed Tor
sfeh Improvement OF condemnation added
a. ali outstanding special Hs@rssfnNnta
levied against said property
r.erpf whore inconsistent with statute
ali Interest or profit from RnY and nl
such ingestfnenta shalt belong 90 the ciil
as part % - general tuna and such
fund shaN bear al loHsea that may re-
nu1t from such Investments
The amount Of working capital In ths
form 81 cash on hand rrnHnnahtY nccnH
aary 70 meet az current rhpgnseH ~
ferfninsd from time 80 tmr ~ CRY ~
dtnance The duties % making. man
aFitr AID diaposinE Of said Investment
sfau be- performed ny the Finance Com
mtttse u the city cpurcii. subject 20 tht
approval Of the cry Council. unissa ths
performance u such duties " otherwtF'
provided hy city ordinance Rules reEu
liptinF the performance ~ said dutiei
,unv aiao bo provided by ordinance. ~
bonds warrants. and an decumrntnrl
evidences of title Or rights - Invested
In shall hs IN the Gust ay 81 the ttt9
~ x ,r,tirr ,yha shall he liable for thi
safe keeping thereof
Provided Ia tho event the electors o
tho eity thnll direct the creation and e.
ltshIishnent Of municipal banking ane
/ tr.a, department In tho treasury depart
~ tho city. the requirements ant
lfirfifana herein authorized shall. In ~
fsg a. 4hsy are not regnlrca by law 70 ~, %
rt,e az a part % tho duties and func
/ tllus Ind shall no performed IN ans
! through said banking and trust depart
kND BE 1T FURTHER RESOLVED
tt,af -hch amendment 100 submitted q
ths qualified electors % the city Tor thei
ratiacation or rejection ~ me nsst sen
CifV-of Seattle on the tth DAY Of March
i.n-.ed tho city Council the Goth day @
p....a.Aer. 1919. and signed by me n
apen rcasion in authorization Of its pas
ROBT y, N HSk ETH
President Of tho GUY Council.
rfed tho sOth day Of December. 1912.
! g. W. CARROLL.
/ clgy S'omptrolier and ex-officio city Clcrlg
| bate Of first publication January Sl"i