The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-03-03

EHNENHEI AAEAnMEN II ~ y
A MERofI-rfo~ and PROPORTIONS
% usha Article * - me CITY Charter
% thu. cry % Seattle ~ nidlng thereto =
new ssrflan 90 30 known az Section z.
and suhruiifiuF such Proposed sfnend
nlnui - the qualified electors ~ the oiif
AZ ths rsnerai manioipai election % es
IA m RESOLVED mr. THE cirT
COUNCIL oy THE CITY or SEAT
IA Article TX q the city Charter ts
snsodsd - adains thsfstq a usE 81 ,is -,
20 - kaawn as Section -. which shall
road 90 follows
section - Whenever the amour, o,
eash on hand tsianEinH 20 the CITY q
svattlr. Including dsposita IN Or Nlth
BANKS ssersds such sum az 10 reasonable
ssffietrnt % meet All tho current -
psnsss and obligations - ne eiiy ani n
| IL fands districts ard departments "a
IhsY RrrFur the eitF IL aufhnriHoa 60 IN.
vest temporarily the excess above cue
reasonably sufficient sum 10 the valid
city ntiiify ara general bonds ana var
rants q the city. o. q ifs funda. depart
u1smts oF special asHrssfueut districts -
not 90 srcced par and accrued interest
Such heufs % uafrahts may BE- - IN.
vested Ia aftnr thqv have been ercrut -
either tafnre Or affrF fhFr have hssn
lsaura 0f cold ~ the city Such tnvest
mrnf shall not operate 90 pay. cancel rt
annui any hond ~ warrant % Invested
tu. ~ 90 Impair tfs Validity. but the Ttfg
shall De- deemed IN all respects the legal
owl nF ~ HMNN NIaHM ~ VIZ ans
Eurh cash may aiso - Invested IN bonds
x the state ~ WabhinEfuu or % she
COUNTLESS cities o. school districts - Tho
state ~ washinFt1n. ~ y ne bonds -
rants 80 Invested ia may - sold for rash
az not lees than par and accrued Inter
Get IN accordance with laws and ord
nancra pfaVtdinE Tor the Issuance qr falo
u bunds ana the proceeds shan be placed
fn fha city treasury
prom such excess % cash on hand real
property. hen soid scr1galna 20 lae ~
pure hAaaf. ard the city % authorised 90
H. the flfss ufrauu az said sale. Offering
~ sar tho amount duo on each lot trarf
81 parcel of land Or other property auid
according 20 tho statute in such case proc
eided The real property - acquired may
10 cold Tor each. nnd tho proceeds shall
DO placed in the clig treasury 10 order
lthai rurh excess % cash on hard may 70
furratrd III bonds 0r Warrants payable IN
whole or tn part FROM focal Improvement
aEsesaed valuation - the property a..
srHsrd 20 pay Tor such imprqt cment or
ronarruna tion shall. az the ting % the
purghase BY the city of such bonds ~
rurh Improvement or condemnation added
fa an outstanding special assessments
levied against said property
fevrrnf where incouHlatrnt with statute
All interest or profit from any ard an
u,trh fnvratFnrntN shall belong 20 the city
as part % ita rongrai fund. and such
suit from such Investments
ne amount ~ working capital IN the
form o. cash on hand reasonably necnng
sarv 10 meet All current expenses AMI
l.t.tf~,tiyns shall 10 Harcrtnined and de-
trseeiroa from time 60 time hy city gr-
tlnanre The datles % making. man
arfnr and Opposing OF said Investments
shall he performed by The Finance Com
v,ttt.. n the Cltv Council subject 60 Tho
ernroyal Of the CITY Council unless the
~ fsrrhnnce Of such duties IL otherwise
crowded hY city ordinance Rules r"Eu-
fating the performance OF said duties
~, be provided BY ordinance Al
,,s4. uarranis. aud an documentary
ayis,9nra. ~ title or rights - invested
II ~ mail be ia tho custody ~ the city
lcnnpfralirr. who shan Do hable Tor the
ar. incoming thereof
Nr-',,tasn In the event the electors ~
the city thau direct tho creation ana O..
ltahltahmcnt % munIcipal hahklnE ahd
t,,at aspartmcnt IN tho treasury depart.
80, IN tho city the requirements and
ftvettoua herein authorized snail, m 20
- a. they are not required by law 90 he
performed by othsf u'pattin 'nta or lhe
lUng. ana shall be performed IN and
through said banking and trust depart
mont ,.,,,,-rrrvu mao, ,,,.,,
lNr, ..rb amendment be submitted TO
~ .ftgtcd electors Of the city for their
ratifiratt9n or rejection at the next gen
erai municipal election 20 be held IN tho
city of Seattle on the 'th day OF March,
''i na...a the city Council tho aoth day q
peren,bcr 1919, and signed by me In
opon nrsaion In autheutlcauon or ~ pas
-" ne q0th day ~ December. 1919.
'Nh' '"'' NOVT n. UESkETfi
president Of tho city Council.
FILED tho s0th day q December i9ia.
f"'N n W CARROLL.
cue, ,.o,,n,roiier and ex-officio city Clerk
batc az first publication January aiat.
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