The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1916-06-12

payment Of condemnation assess
ments ia inEtsilm"nts. 80 against
immediate pay mentH before, making
certain amendments to the Local
Improvement District providing for
the registration OF principal and In
tsrsst on municipal bonds. etc. The
local Improvement ana cOndemus
ton bonds are alike they are OPP
tional ia payments, VIZ On the
original total amount levied you can
pay any amount within thirty days
after notification. Balance due or
inHtailmsnt amount with accrued in
terest one year thereafter. and 30
forth. until paid
We are paying these local district
Improvements mostly in insthlimenfs
81 over million a year some run
five years ~ 10 and others ten
years a. az or II. In smaller
tow rs they charge even 90 on be-
coming delinquent
Items OF such local Improvement
districts are as follows. N let By
contract. contractors price. other
legal charges By CITY Treasurer 100
per description on fiVe-ysar INSTALL
meutr, ii.55 for ten years. Charge
by the engineering department,
charge for engraving the bonds.
charge for advertising and other
fniscsllh items. these extra
charges vary between 1000 and i5es
and often higher On gmaiier Jobs.
NfN NNH fNntkfl AFkAi interest,"
charge % fines and penalties for be-
ins delinquent. advertising and sell
Ing delinquent inatailmenta and
charge Of interest against all these
charges. and finally a. may be sold.
All the proceeds OF these proceedings
are handled IA total FOR each dis
irict. in order 90 avoid legal pro-
reedings against the contractors, as
lu the past where the city sued for
ieI5.O0o. r@Presenting accrued In
Titled. such conditions were said
rs some OF our then officials 20 be
customary that ali money go taken
always went 10 the contractor. but
the law went against such customs.
Any preventive measures would
avoid such unnecesssry. tedious and
costly ways To illustrate, con-
tractors price s0rf. other charges
lGft only contractors charge
should be collected through the in
stsllment system. The ioes should
be paid out 81 separate fund 20 be
cr"nted and called aid 10 local Inn
proVements. the amount per descr.p-
ton 10 bear So until paid. Then
said charges could not become de-
linauent on our local improvements
and wc could not be fined or pc
naiized over and over again and swell
10. total costs, etc. You will readily
see what that means when the total
local improvements vary between
MY sno sixty million DOLLARS at
present We have the guaranteed
mathematical proof system 10 segre-
gate their extra charges II the
sforessld plan IA Objectionable
THE Simple Assessment Statement"
copyright isos-is3T. by G. ".
schrellhsrdt our townsman for
twenty years. who has de-
voted years 20 accomplish the
mathematical feat. which in Itself
II simple. but the application IL won
d~rful in manifesting scientific re-
suits
The extra accrued interest in
either way would form a nucleus
for the City Employees Pension
Fund. II may take an enactment
OF tho state Legislature but 81 Is
worth much 10 n city like Seattle.
II youaEo to any bank for a six
months ban Of s. 900. you are lucky
10 get Il az So. You may smile. but
listen. We are paving today on all
our legal Indebtedness our Interest
semi annually. except on two items.
II We were charging the interest
against the bondholders we would
have over $4,000 to our credit On
n little regrade ike Denny hill we
could save about $4,000 One
single Illustration. II may be a poor
woman. which the high minded Of
ficials call an old hen. and, when
she demonstrates, tell her IL had 20
be paid or your property VIII be
sold. We can furnish the data.
Imp rovemenf water