The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1913-03-01

PnoPoaEn AMENpMHHr so
4 WEfHff -ffN# Hrd HiFfNHl ftNF
o. ire CTS X seat,'e ~ aadlnr ihsfsis .
nas section e. De hnHun 1s Hrfiinn ~.
.FrlatlnN 90 the iuFrsi meat ~ rtil iHn1a
ana suhmittins stth proposed sm'na-
ht she EsmFfat fuualtigAl pleeflon ~ 10
held March 1919
uE fr RESOLVED ur TUE CITY
COUNCIL OF TIE CITY "F AENI'
That Article * ~ the CITY charter 20
amended ~ addins thereto a nru srf tinn
70 - hn9en - section ~ rhlRh shAh
as-iisn ~ wheasvsr ths amount ~
cash en hand heionginr 60 the CITY -
s~atffs. tnfi4ainr deposits In o. Hlth
800. st-e.ts s,f-h aans 80 10 rrasnaahlF
aaf.lrfrnf 60 meet 40 The current a.
raHars ard OBLIGATIONS - she CITY ana ~
is 'uhis Districts anf departments 80
theY arcrue. thr ciiY g HHth"1 iFea ~ ~
Vaat tsfnpgrsftiF mo rrrese above 80 p
rsasYs1rh fF tHffieisni cum 10 the raHl
rltF utuiir and gruefat eonds are Naf
ranfs ~ She city ~ - ita funHn depart
mnnfs Or special assessment districts. ~
not 90 ert.sd par ard accrued Interest
Hnfh bonds ~ anrranis mnr BE- 80 Ia.
vested ~ after theT have bees eHscuicd
either before OF after tbey have hrep
lssu~f OF cold ~ me city such Invest
meet shall not 1perafs 90 pay. cancel q
in af ~ impair Hs validity. but thp eity
shall D. a.rns1 90 aii respects the legal
Gamer - such bond or wnrrant
Ndrh cash may also br Invested In bonds
u tAs STATE - Washington. or - the
caurtiss cities o. school districts 81 tho
afafs - Washington. 81 On the bonds ~
ths uniisd states Any bonds - ear
ranfa - invested IN may b snif Tor cash
AZ not lee. than par and accrued later
s.f In accordance with laws and ordi
names providing for she Issuance ~ aAie
81 honda and the proceeds shall - plat q
rfsfa rich sgosss - rash on hand rsAi
property whrn tait according 20 iaa Tor
delingneni srs'iat sin.s, ~ mal y, ~
~ fha fifst rsraam ~ said sale. nNffinN
o. pay the amount due On each lni tract
pr parcel q land ~ other property cold
according 60 tho statute in such raHo pro-
Vfdsf The real property 80 acquired MAJ
- saif frr cash. and the proceeds shall
BE placed IN she clir ireasurf 10 order
mai stsh excess ~ rash on hand may -
INJECTED Boz bonds ~ warrants payable %
wnnfs nr ln Fart from local improvement
stafrf-fH or condemnation districts re
asarsssf valuation - ne pfopcfly -
rorfrrnnatisn shall. at tho time ~ the
surf hasu hF The city ~ such bonds cf
~arrants sseced me sum as.eas'd to,
40 an outstanding special afneHamanta
levied against said property
Except where Inconsistent with siatu'g
.u lrtereat or profit from any and all
ooh ioyrafrnants shall belong TO tho city
- a part - ltH general FUND. ana such
fpnf sha1 bcar al losses that may re-
suit from such ln.vesll.,,,ala .,,., 4. 49,.
.rbo amount q working capital IN the
rerrr, AZ cash on hand reasonably necea-
aarv is meet all curr-7t cKnoHaeh ana
lstiirntiaua shall ho aHceffahcd and de
terminod from time 90 time ~ city ~
49,. This duties ~ making. man
afir and dlHposiur of said Investments
- bo performed by tho Finance Com
~ fhs city Council. subject 90 tho
a.. All ~ tho CITY Council. unless tho
~, f.,ro.rra 81 such duties "a other lee
! mrry ld.h hy city ordinance hulea rcEn-
iettue the performance OF Rhld duties
80 49,, 10 provided b., ordinance Al
80 grarrerfH and all documentary
e,.tfrrnas ~ title or rights ~ lnNcHf 2
H. -t.u 10 Ia the custody ~ tho =
coreptTailer. who shall be liable Tor ne
pr1y,dad In tho event the electors ~
So tty shau direct tho creation and cr-
ltaittahnert ~ a municipal hnnking aud
tr,t,t dopnrfmcnt In tho treasury depart 2
80. - be city tho requirements ana
ft,rttofa herein authorized shall, Ia 20
49, tbrv arc not required by law Co Dee
performed ~ other u'pal tl'hla OF VIC
~ ~ a part % tho duties and funnt
ts r1 shall 10 performed Ia and
Though said banking and trust depart
mont ,.,rprttt,p pt-ecr ger,
| .ettfiot electors % tho city Tor their
Iratffratinn or rejection az the ueNt gen
/ er,t municipal election to De h'ld ~ the
ICity On seattle on the ith day Of March
'ps.,.a tho city Council the aoth day q
| ,.-er,,t.er 1913. and signed by me IN
| omen session va nuthgnilcauen OF ts pas
shre MS seth day ~ pecemher. 1919.
H"e" '"'' mont % lIESK ETH
preaidcnt o. tho CITY Council
| Filed the 50th day q peccmhcr lvil
s.,.. o.. .,,,rotler and OK -nfflcio city CloriG
Bste OF first publication January 1lst.
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