The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1915-09-23
LEGAL NOTICES,

hereby levied upon the several lots
tracts and parcels of land in said
Local Improvement District for the
purpose of defraying the cost OF
said Improvement, In accordance
with the laws OF the State OF Wash
ington and Ordinance M. 4611 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 five 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 installments, together
with the interest due thereon and
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 assessments for local improve
ments.
Section 4. A special fund is
hereby created to be called Local
Improvement Fund. District No.
959, which shall consist in the ag-
gregate of the several amounts as
sessed, levied and collected upon
the several lots and parcels of land
In said local Improvement district
for the purpose of defraying the
cost and expense of said improve
paid the. bonds, interest thereon,
and the entire cost of said i'm
provement. and no part of said fund
shall become the property of the
City of Tacoma, but shall be treat
ed as a special trust fund for the
purpose herein indicated.
Section s. The Commissioner of
Public Works is hereby ordered to
proceed with said improvement by
letting a contract for the construc-
tion of the same, after inviting bids
therefor in the manner provided by
the City Charter, and make out and
certify to the Council an assessment
roll, charging the cost and expense
OF said Improvement against said
lots, tracts and parcels of land In
the manner aaa 1e provided divided by law;
sioner of Public Works shall state
that the contractor doing the work
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
DoHus, TIE SpeCldl dSSeSSIltHt IiduS
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 five-year annual installment
local Improvement bonds against
said district amounting in the ag-
gregate to q sum equal to the
amount of said assessment remain
ing unpaid at the time of their is
suance, but not In excess of the
cost and expense of said improve
ment, which bonds shall bear in
terest at the rate OF six per cent per
annum from the date of their is
suance, shall be numbered consecu-
lively and be In denominations of
500. 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 {. An emergency exists
and this ordinance shall take effect
after publication.
Passed Sept. az, 1916.
A. V. FAwCETT.
Mayor.
Attest: w. d. NICKEUS.
City Clerk.