The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1916-10-12

All the lots In Blocks 1. Q and 8,
Lots Q to 10 inclusive In Block ;,
Lots 1 to . and Z to IL inclusive
In Block 6.
Lots I to 8 and . to ia inclusive
In Block 7,
Map OF Laws Addition to Tacoma
City;
All the lots in Blocks ioi. ioe and
l20l.
Lots l to 6 inclusive In Block 20a.
The Park q Boulevard Addition
to Tacoma, W. +.
All OF said property being IN the
city OF Tacoma. Pierce County.
Washington.
Section 3. An assessment Is
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 aeeordancs
with the laws of the state of WASH
ington and Ordinance M. 4Sli 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 tho 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 mstallments, together
with the interest duo 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 improves
mpnts
Section 4. A special fund Is
hereby created TO be called Local
Improvement Fund, District No.
912, 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
nent. Out of said fund shall be
paid the bonds. interest thereon.
ana the entire cost of said inn
provement, and no part of said fund
shall become the property OF the
city of Tacoma, but shall be treat
| ed as special trust fund for the
purpose herein indicated.
section o, The Commissioner of
Public Works Is hereby ordered to
proceed with said Improvement by
letting a contract for the construc-
ton 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 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
ordinance In payment or the same.
whninVRF
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 fiVe-year annual installment
local Improvement bonds against
said district amounting in the ag-
grcgate to 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
800. each. except the FIRST num-
bered bond, which may be for 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 Treasures
notice OF the assessment roll being
In his hands for collection.
Section Z. An emergency exists
and this ordinance shall take effect
Immediately after publication.
Passed Oct. II. 1916.
A. v. FAWCETT,
Mayor.
Attest: w. d. NICKEUS,
City Clerk.
Oct. IL, 1916.