The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-11-15
PROPOsITION 80. 1

fkOIOSITlON NJ l.
The question OF ratifying certain
additions to tho comprehensive
scheme OF Harbor Improvement In
tthe Port District OF tho Port OF Seat
vie. as made and adopted In and BY
Resolution No. 1877 of the Port Com
known as No .. providing for the ac-
qufring and development Of landing
sites on Lake Union for the accom-
mediation OF shipping. and the ga,ili-
County: a unit TO be known as No.
10. for the acquiring and develop
ment OF landing sites on Lake wash
ington for the accommodation OF
shipping, and the utilization Of sites
acquired by King County. and the
acquisition OF marginal ways for rail-
and water transfer and terminal
facilities on the shores OF Lake
Washington and the development o.
navigabie channels with public land
ings on the tributary waters OF Lake
Washington. and unit TO be known
~ Unit No. II. providing for ferry
service with landings between
yashon Island and the mainland 20
the eastward.
PROPOSITION NO. :.
The question as to whether Port
Commissioner should receive ade-
ouate compensation for their serv-
fees or should continue TO serve
without compensation. the vote on
to the next session OF the legislature.
PROPOSITION NO. ..
The question OF authorizing the
Port Commission Of said Port Of
Seattle 70 borrow the sum Of Three
Hundred and Fifty Thousand Dollars
and issue bonds therefor for the pur-
pose Of completing the Central
Waterfront Improvement, which i'm
proyement IL embraced In 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 shall
hereafter prescribe Of the deuomina-
ton Of One Thousand Dollars each.
numbered cOnsecutively from one TO
Three Hundred and Fffty, bearing
interest at the rate OF five per cent
per annum. payable serni-annually.
principal and interest payable al the
fiscal agency Of the state Of wash
ington in the city OF New YORK. TO
be dated aa issued and issued In such
amounts and at such times as tho
Port Commission shall hereafter pre-
scribe.
Said bonds to mature In from /
10 ~ years. with average maturities
Of approximately 2Gtz years. all as
specifically set forth in Resolution
No. i6I Of the Port Commission.
said bonds. principal and interest.
to be paid out of the net income
the net income shall not be suffi-
eient for that purpose. the remain
der shall be payable out OF taxes
levied in said Port District. The de
tails OF the method OF creating and
applying said net income and taxes
and Of creating proper and sum -
.ieat fund for the payment OF the
principal and interest % said bonds
an they become due 10 be as here
after prescribed by said Port Com o.
mission. Said s250.000 Of bonds to
take the place Of n like amount 81
bonds 90 be selected az near aa may
"a o66. 900 bond issue for the East
Waterway Improvement No. q su-
thorlzed by Resolution No. 1870 ana
. by vote Of the people at the election
of June II. 1919. and the authorize
ffon by the people Of this $3.50 900 %
faaue 10 act az a withdrawal by the
people Of authority for Ike amount
81 said $4,000. 900 bond issue. but Ia
no respect to lnvalidate or withdraw
authority aB to the remainder Of said
$4,000 900 bond issue.
PROPOSITION NO. T.
The question Of authorizing tho
Port COmmisRion OF said Port Of
Seattle 70 borrow the sum OF one
Hundred and geventy-five Thousand
Dollars and issue bonds therefor for
the purpose Of extending the Salmon
Bay Improvement which improve
nent ~ embraced in Unit No. 3 oi
the Comprehensive Scheme Of harboi
improvements.
Said bonds shall be general seria
bonds Of the Port Of Seattle, In sucf
6z<m as said Port Commission shal