The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1916-04-20
LEGAL NOTICES.


Washington.
Section 3. An assessment is here
by levied upon he several lots.
tracts and parcels of land N said
Local Improvement District for the
purpose of defr1S irg the cost OF
said improvement. IN accordance
with the laws of the state of WASH
ington and Ordnance No. 1911 OF
said city.
Said assessment so levied upon
said lots. tracts ana parcels of land
respectively, may be paid either IN
cash, without Interest. before the
issuance Of bonds. or I'm 10 equal
annual installmsnJs, together with
interest on the whole sum so
charged at SIX per cent per annum,
and each year ar N the Issuance of
thu bonds hereinafter provided for
one Of such instruments. together
with the interest due thereon, an /
on all iustallmepts thereafter to
become due, shtll he collected in
the manner provided by law and the
Charter and ordinances of the City
of Tacoma for the collection of as
sessmeuts for local improvements
Section T. \ special fund lis here
by created to be called Local I'M
provemont Fund District M. 1896.
which shall consist In the aggregate
of the several amounts assessed.
levied and collected upon the sew
eral lots and parcels of Land I'm said
local Improvement district for the
purpose of defrdying the cost and
expense Of said Improvement. out
of said fund shall be paid the bonds,
interest thereon, ana the entire cost
of said Improvement. and no part
Of said fund shall ecome the prop
crty of the city OF Tacoma, but
shall be treated * a special trust
fund for the purpose herein indi-
Gated
Section s, The Commiss oner OF
Public Works is hereby ordered to
proceed with said improvement by
letting contract Tor the construc-
tion of the same, 5tter inviting bids
therefor In the manner provided by
the City Charter. and make out and
certify to the Council an asscss-
ment roll, charging the cost and
| expense of sail Improvement
| against said lots, tracts and parcels
| of land in the manner provided by
| law.
In calling for bids the Commits
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
| ordnance in payment of the same.
and shall have n 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 % of the Laws of the
| state of Washlnetor Of 1911, and
| this ordinance. there shall be Is
sued ten-year annual installment
| local Improvement bonds against
| said district amounting in the ag-
sregate to sum equal to tho
| amount of said assessment remain
| ing unpaid Mt the time 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 Df six per cent per
annum from the date of their issu-
ance, shall be numbered consecu-
lively and he In denominations OF
$4,000 each. except the first num-
bered bond, which nay 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 Treasurers notice
of the assessment roll being In his
| hands for collection.
! Section I. An emergency exists
! and this ordinance shall take effect
| Immediately after publication.
| Passed April 10, 1916.
A. V. FAWcETT.
Mayor.
Attest W. ID. NICKEUS,
City Clerk.
L