Forsyth v. City of Seattle

Citations

• 73 Wash. 515
• 132 P. 224
• 1913 Wash. LEXIS 1630

Syllabus

<p>Municipal Corporations — Consolidation—Property—Liabilities. In tbe absence of statutory regulation, upon tbe annexation of a city, tbe property and assets of tbe merged city become tbe property and assets of tbe other, free from any trust to apply it in payment of .debts upon sucb property; and Rem. & Bal. Code, § 7459, providing tbat no property witbin either of tbe consolidated cities shall be taxed to pay any portion of tbe indebtedness of either, contracted prior to consolidation, does not impress tbe property with any sucb trust.</p> <p>Same-^-Limitation of Indebtedness — Deduction of Cask Assets. The constitutional limitation- upon municipal indebtedness of one and one-half per cent of the assessed valuation, is to be determined by deducting cash assets, such as money on hand and taxes due.</p>