The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-02-18

PROPOSED AMEspMENr no .
A HEaoitrtoN and FuufoflI 10Y
n he city ~ seattle 81 sddisr thereto q
new section 90 De- hnuuu - Hertl1n y
relating 90 the iuFeaf meat - eltT fuHas
snd saei,iins sssh sTepa,'a =, e. men stsy
81 tho general municipal election 70 -
hrid March 4 1919 -.
uE IT HEspLNEp ~ TUE EiIi
corScft. or THE CITY or SEAT
ma, Article * 81 ,hs CITY Charter -
amended ~ addinE thereto nrp 49, tlpil
10 ~ hnuWn ~ Horflun -. Whifh HAAt
a@cfian ~ whsnever iha amount q
caah GA band tsfeuginE % ~ city -
seattle. tnfiudinx deposits in % ENh
havts ~.rs~fs sssrh suna a. 70 fsassushir
anffirtet.H 90 unaHf al the ruffwnf -
peusss hNa obligations - she eiif ani y
Il lee funas fisfriffs and departments 81
they a0Ffpe. fhs citr IL authafited 80 Co.
Fraf trsaunrafiiY she excess above such
rrn go Hsfr sufnrieaf surl tn the Nal'
ritr mf3iy Ana general bonds an9 waf
fnsrss ~ spsafsf assrusfnrut districts. az
not a. esrred par and accrued Interest
Rarh honds o. warrants laaf BE- - ih.
FrafsA 81 after thsr have beer exc htea
rifhAs before or after they have been
isst.rd - snia ~ the cifT such Invest
mont shpi uoi operate 90 paY cancel r.
tn ~ 10 impair be Validity but The city
shall b. deemed iu 90 respects tho LEGAL
au.nnf u such bond pr warrant
such naah mar also ~ Invested in bonds
u the STATE % washing or ~ tho
Counties cities or e. hnai districts - the
state 81 WashinEtan. ~ 10 ne bonds ~
Tho United E'afeF Any bonds ~ var
rants - Invested IN may b roid Tor cash
al NOE irss than par ard accrued iutefs
saf IA accordance with laws ant ordi
names prasidiuu for The Issuance ~ tAie
u bonds and ths proceeds shall be placed
Prom soeh excess q cash m hand real
property. vheu sold according 60 law Tor
delinquent special nsssHainhnts maf -
- fbe ffrst person a. aaid sale. offering
10 pay the amount due on each Tot. trart
10 parcel o. land or other property sold
aernrdina 40 tho statute Dos Harh case pro.
pf,fnt Thr reel property 80 acquired may
30 .ait for cash. ard tho proceeds eusii
30 placed IN the riiy treasury. IN 0fans
Invested In bonds 1r warrants payable IN
h,in 81 in part from local Improvement
districts or condemnation diHiticiE the
assessed yaiuatlen % the property as
srs.ra 40 pav for such Improvement or
condemnation shalt at the time q the
purchase 81 tho city 81 such bonds 81
warrants exceed tho sum assessed for
tsurh Improvement or condemnation added
"a nj nttfatandluE special aFaessfnrnts
trtird AGAINST aaid property,
prranf where Inconsistent with statute
au Interest or PROM TON aug ana ali
as mart - ifs general fuud, and such
sapI sban hear an iosses that may 70.
suit from such Investments
rhs amount Of working capital IN the
f,rrn a. caah on hand reasonably uecns-
sarv ga meet all gurrcut expenses AMI
oi4igatlhns shall b hHcertHined ana do
trrrntuad from time 20 time hy city W'
t,.rrc The dafiSH of making. man
nrinr and dlsposing - said Investment
sbntf be performed by tho Finance Com
r,tttre u the city Council subject 20 the
approval ~ the CITY Sonnci; unless ne
/ rr,ytdeA ~ city ordinance. Huiea regu-
iattuH tho performance or fald duties
rray afsa be provided by ordinance All
rnna. varrants and all documentary
a..it.,,ee. ~ lille or rights 90 invested
! d, rb.u hn I'm tho Gust ody ~ the city
Icou1ntrotier. who shall DO liable for tho
safe keeping thereon
Provided In tho event tho electors -
~ ,ltv shall direct tho creation and ~.
ltn,ttshrnent o. a municipal banking and
/ trust department IN tho treasury depart .
rnspt IN the city. tho requirements ana
| functions herein authorized shan, In 30
80 a.. tbov are mot required by law 20 Doc
| ,,,.rf,,rrrd hv other depart fncntH Of the
ruv ta a part % tho dutieH ana funr-
lions and shall 20 performed IN ana
| through said banking and trust depart
AND ne TT FURTHER RESOLVED
that such amendment DO submitted 90
tho qualified electors or tns CITY Tor their
r.ttficnttsn or rejection NJ the next gem
- ,.,ttt,tnai election 90 be held In tho
lrity of Seattle ON tho 9TH day OF March.
Iiaig ,, az,
| pncsmher 1919. and signed by me In
me-, srsston In authorization ~ its pas.
"'s' '" WOnT 10 HEsk ETH
president OF the city Council
| trti.s aha zOth day Of December 1919.
'''' n W CARROLL.
| CITY COMPTROLLER and en- officlo city clerk
pate Of first publication january sist.