The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1915-12-02
LEGAL NOTICES

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ing down on said sidewalk spaces
cement concrete walks FIVE feet In
width; according tc the plans and
specifications heretofore prepared
therefor by the City Engineer, now
on file In the office Of the Commits
sioner of Public Works.
Section 2. That the real property
, to be benefited by said Improvement
and which is hereby created Local
Improvement DfstTict No. 962, 10 de-
SeT Lots a. to i 10 iiaLecive in Block 20.
Lots 4 to rs in .iusive In Block "a.
Plat of Carroll & Hannah Add. to
Tacoma, w. T.
All OF said property being in the
Washington.
Section 3. An assessment is here
by levied upon the several lots,
tracts and parcels of land in said
Local Improvement District for the
purpose of defraying the cost of
with the laws of The State of WASH
ington and Ordinance No. 4o11 of
said City.
Said assessment so levied upon
said lots. tracts and parcels of land
respectively, may be- paid either in
cash, without interest, before the
Issuance of bonds, or in flve equal
annual installments. together with
interest on the whole sum so
charged at six per cent per annum:
and each year after the Issuance of
the bonds hereinafter provided for
one of such insta.lments, together
with the interest due thereon, ana
on all installments thereafter to
become due, shall be collected in
the manner provided by law and the
Charter and ordinances of the City
of Tacoma for the collection of as
sessments for local improvements
Section 4. A special fund Is here
by created to be called Local I'M
provement Fund, District No. 962,
which shall consist in the aggregate
of the several amounts assessed,
levied and collected upon the sew
eral lots and parcels of land In said
local Improvement district for the
purpose of defraying the cost and
expense of said Improvement. Out
Of said fund shall be paid the bonds,
interest thereon, AND the entire cost
of said Improvement, and no part
of said fund shall become the prop
erty of the City of Tacoma, but
shall be treated ss a special trust
fund for the purpose herein indi-
Gated.
Section 8. Tho Commissioner of
Public Works is hereby ordered to
proceed with said Improvement by
letting a contract for the CONSTRUCT
ton of the same, ctter inviting bids
therefor in the manner provided by
the City Charter. and make out and
certify to the Council an assess
ment roll, charging the cost and
expense of sail Improvement
against said lots, tracts end parcels
of land in the manner provided by
law.
In calling for bids the Commits
sioner of Public Works shall state
ha
shall agree TO accept at par the
bonds issued in pursuance of this
ordinance in payment OF the same,
and shall have no claim whatever
on account thereof against the City
of Tacoma except solely upon said
bonds, the special assessment made
and the fund hereby created.
Section 6. Under the provisions
of Chapter 9S of the Laws of the
State of Washington of 1911, and
this ordinance, there shall be is
sued hve-year annual installment
local Improvement bonds against
said district amounting in the ag-
gregate to sum equal to the
amount of said assessment remain
ing unpaid at the tine of their is
suance, but not in excess OF the
cost and expense of said improve
ment, which bonds shall bear inter-
est at the rate Of six per cent per
annum from the date of their issu-
ance. shall be numbered consecu-
lively and be in denominations of
$4,000 each, except the first num-
bered bond, which may be for a less
sum IL necessary.
Said bonds shall be issued and
dated not less than thirty days
after the expiration of the time
when said assessment may be paid
without interest, penalty or cost, as
fixed by the City Treasurer's notice
of the assessment roll being In his
hands for collection.
Section 7. An emergency exists
annd this ordinance shall take eff
feet Immediately after publication.
Passed Dec. 1, 1915.
A. Y. FAWCETT,
Mayor.
Attest: W. d. NICKEUS,
City Clerk.