The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1915-08-26
LEGAL NOTICES.


All OF said property being in tn,
CITY OF Tacoma. Pierce County
Washington.
Section 3. An assessment 1,
hereby levied upon the several lots
tracts and parcels of land in sale
Local Improvement District for tn,
purpose or defraying the cost O
said Improvement, In accordanc,
with the laws OF the State of Wash,
ington and Ordinance No. 4611 o.
said City.
Said assessment so levied upor
sald lots, tracts and parcels OF lane
respectively, may be paid either IL
cash, without interest before the
issuance of bonds. or in five (5l
equal annual installments, together
with interest on the whoia sum =,
charged at six per cent per annum
and each year after the issuanc,
or the bonds hereinafter provided
for one Of such installments, to-
gether with the interest due there.
on. and on all instailments there
AFTER to become due. shall be col.
iected in the manner provided b,
law and the Charter and ordinance ,
or the city OF Tacoma for the col
lection of assessments for local i'm.
provements.
Section L. A special fund I,
hereby created to be called Loca
Improvement Fund. District No
b027, which shall consist In the ag
gregate of the several amounts as,
sessed, levied and collected upor
the several lots and parcels of LAND
In said local Improvement district
Tor the purpose of defraying the
cost and expense of said improve.
ment. Out of said fund shall be
paid the bonds. interest thereon
ana the entire ccst of said i'm.
ment, and no part of said fund shall
become the property of the City OF
Tacoma, but shall be treated as d
special trust fund for the purpose
Section 5. The Commissioner Of
Light and Water Is hereby ordered tt
proceed with said Improvement by
letting contract for the construc.
ton or the same, after inviting bids
therefor In the manner provided by
the City Charter and make out and
certiry TO the Council an assess.
ment roll. charging the cost and
expense of said Improvement
against said lots, tracts and parcels
OF land In the manner provided by
law.
In calling for bids the Commits
sioner of Light and Water shall state
that the contractor doing the work
snal, 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
or 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 issued
five year annual installment local
improvement bonds against said
district amounting in the aggre-
gate TO sum equal to the amount
or said assessment remaining UNI
paid at the time of their issu-
ance, but not in excess of the cost
ana expense of said Improvement
which bonds shall bear interest at
the rate of six per cent per annum
from the date of their issuance
and be In denominations of 500. 90
each, except the first numbered
bond, which may be for a less sum
IL necessary.
Said bonds shall be issued and
dated not less than thirty days aft
er the expiration of the time when
said assessment may be paid with
out interest. penalty or cost, as
fixed by the City Treasurer's no.
tice of the assessment roll being
in his hands for collection.
Section 7. An emergency exists
and this ordinance shall take effect
Immediately after publication.
Passed Aug. 25, 1915.
A. v. FAWCETT.
Mayor.
City Clerk.