The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-02-07

nftas,tf nos ana rnoPoNtTtoS
- amend Article ~ q The tliY Chafief
n mo CITY af seattle ~ nAdins mere =
mes section 60 20 known - i'.n
rotating 10 the lnxestntsnt - city FUNDS
and subfnittlns such proposed afnfna
meet 90 tho qualified electors ~ ihe fttf
81 ihs general municipal ciseiion 70 %
ns M RESOLVED ny TuE CITY
CorNcii. OF the CITY of SEAT
ia, Ar,teis TX Of tho city Charter -
am ended 81 adding thereto nos 49, n
10 - hnapn a. section -. ~Lich 'hat
raaa follows
essh - hand bsiarEinE 90 ths city ~
seattle turiufinR deposits 20 ~ WIZ
backs exceeds steh sup a. is feas1h tplf
saffifisnt 60 fnfsi AZ tss =,
IL funds districts ara drtaaf insnts a.
th~F accrue. the rffF &c autAnfttfd :" 20
vest tem nofafly ne etcr-s a.t,e -
rnaaumaffF nufflpfrnt sum IN fta tatih
cifY utiHfr and general tanda and snr'
rahts u the citY nr - ita fanis depart B.
nisnts 10 special asarasfnrnf aisiririe 81
not 90 rNreaa raf and accrued lWi efHHt
Hurt hunfa 81 uarfants may D. sq IN o
feafrH tH after fhrr have been rher -
either before uF rfirf fHrN nave N''A
rssut shalt NOT operate Go pay. esuesi ~
snaaI any bond 90 warrant % Invested
ia Hr fn irrpalf NH faliiIff but me GUY
STALL h- deemed in 40 respects the legal
Hurh rash may slsh 30 infcsi "A 10 bouaH
- thr state - WashinrfaH or u the
counties rlftra ar sf haal districts r mo
SLATE % WaAhihstpn. " W The bonds ~
mo ruitra Ffates Any bonds OF Nar-
fants - Invested in mHr De- spld i,F cash
a., not less ihan par and atrra"d inirr
est IN arruf8 1nre sith lass enh "toi
rsuras prov idiaE Tor The insusrre OF sale
ID i.onds and the proceeds shall he placed
IN the fitF treasury
prom sach excess - cash on hand real
property. ehen seid eccgfNing 20 az -
haarH and the city lH Authorized 20
BE the fret person at sald sale Offering
20 pay ths amount due on each lpi. ira.
nr marcel q Land or other property enla
according 20 the statute IN such case pro-
.vtdnd TIE real property Oh ss1uifod MAY
- sold for cash. ard tho proceeds shHil
DO placed iu the city treasury IN ofirf
mai surh excess % cash on hand may lo
Invested ~ bonds or "a arrantH payable no
= hole OF In part from local innpf1F"f"cnl
districts Or condemnation diHifiris' mo
4 useasad valuation o. the property as
.s.rrd 10 pay far such iwpru1 rFueut or
condemnation shall a. tho time of tho
purchase hy the rlty 20 such bonds GO
~arransa eucred tho Eum asHessed Tor
such Improvement OF condemnation added
.to All outstanding special assessments
levied against aaid property.
Except where inconsistent With statute
r,trb Investments shall t.iouE 20 the city
a. a part 81 ia general fund. and such
fund shall bear ali losses that may re-
s,tH from such Investments
IA. amount Of working capital IN tho
f,rus % cash on hand reasonably nerTs-
sarv 10 meet al current expenses ana
obligations shall 30 Ancertaimed nnd de-
tornlned from time Go time hy city o.
9,a,~e Tho duties Of making man
.aatnx aud diHposinE % said Investments
.bait 30 performed bY the Finance Com
rnHtes o. the city Council subject 20 IN"
,,,,rr,ai of the CitY Council. unless the
~ f.rYnanro % such duties IL otherwise
erntfdpa by city ordinance Nulca roEu-
iatfnr the performance or said duties
- ,isa be provided By ordinance Al
I.tds warrants and all documentary
.evtaenrns ~ title o. rights - Invested
4. st.u ia ~ tho custody 81 the city
comptroucr. who shall be liable for tho
...f. kprufnF thereof
ts,1vtded iu tho event tho electors ~
.,te rfty shall direct the creation and ca-
.t.fftsbmant of a municipal banking and
trt,st department IN the treasury depart.
80. ~ tto city tho requirements and
c,urttona herein authorized shall In ~
.fsr AZ they are not required bf law TO he
reformed by other departments OF the
@ttt be q part % tho duties aud func.
49,. and shall be performed IN ana
through said banking and trust depart
fnHnt 49, ,.,.,,.r,,,.,, ,,,,.,,., ,.,.,,
ma auch amendment be submitted 20
~ ,uaufied electors u the city Tor their
r.tffi,atlnu or rejection AZ tho next zen
,r,t municipal election 60 be held ~ the
CIV OF seattle on the fth day OF March.
pss.ea tho city Council tho soth day %
t,.refnbor 1919. and signed by me ia
epen session In authorization 81 ~ pas
80 ms aOth day % December, 1919.
'e' ROBT a. HESk ETH
president Of the city Council.
flied the 9oth day o. December 1919.
,,t,,- cop,ntroller and ex-offictu CITY Clerk
pate Of first publication January 3lst,
1913