New York Security & Trust Co. v. City of Tacoma

The opinion of the court was delivered by

Reavis, C. J.

In 1892 the defendant city of Tacoma entered into an agreement with certain contractors to grade and construct sidewalks on one of its streets, and agreed to pay for such street improvement by issuing and delivering to the contractors warrants drawn on the special improvement fund to be raised by local assessment on the property benefited by the improvement. The contractors performed the required conditions of the contract on their part, and from time to time, as the work was completed *662and accepted by defendant, the warrants drawn on the…