The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1916-05-11
LEGAL NOTICES

purpose of defraying the cost of
said improvement, in accordance
with the laws of the State of Wash
ington and Ordinance No. 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 equal
annual installmehts, together with
| interest on the whole sum 80
charged at six per cent per annum;
| and each year after the Issuance
| of the bonds hereinafter provided
for one of such installments, to-
gether with the interest due there
on and on all installments there
after to become due, shall be col
lected In the manner provided by
law and the Charter and ordinances
of the City of Tacoma for the col
lection OF assessments for local i'm
provements.
Section 4. A special fund is here
by created to be called Local I'M
provement Fund District No. 1129,
which shall consist In the aggre-
gate 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
ment. Out OF said fund shall be
paid the bonds, interest thereon,
and the entire cost of said improve
ment. and no part of said fund shall
become the property of the City Of
Tacoma. but shall be treated as a
special trust fund for the purpose
herein indicated.
Section 5. The Commission of
Public Works is hereby ordered to
proceed with said Improvement by
letting a contract tor the construc-
ton of the same. after inviting
vided by the City Charter, and
| make out and certify to the Coun-
| ell an assessment roll, charging
| the cost and expense of said I'M
provement 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 of the same,
and shall have no claim whatever
on account thereof against the City
bonds, the special assessment made
| and the fund hereby created.
Section s. 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 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
Issuance, shall be numbered con-
secutively and be in denominations
of $4,000 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
after the expiration of the time
when said assessment may be paid
without interest, penalty or cost,
as fixed by the City Treasurer $
! notice of the assessment roll being
| In his hands for collection.
Section 7. An emergency exists
and this ordinance shall take eff
| feet Immediately after publication.
Passed May 10, 1915.
A. V. FAwCETT,
Attest: w. d. NIcKEUs.
City Clerk.
May IL. 1915.