Full text : Thomson's manual of Pacific Northwest finance

REAL ESTA..

WASHINGTON ATHLETIC CLUB BUILDING, Seattle, Washington
FIRST MORTGAGE 6v%% GOLD BONDS
Authorized ieee. $31,150,000 1932 and 1933, $30,000; 1934, $40,000;
Dated: Nov. 1, 1929. 1935 to 1945, incl, $50,000; 1945, $500,-Due:
 Serially, 1932-1945. 000.
Property: Twenty-one-story fire- Interest Payable: May 1 and Nov. 1.
proof reinforced concrete and steel con- Interest and Principal Payable: At
struction building, faced with brick office of W. D. Comer & Co., Seattle.
and tile; land 120 by 115 ft. frontage. Trustee: William D. Comer.
Ten floors of building devoted to suites Denominations: $100, $500, $1,000.
and rooms for members of the club. Callable: On any interest date at 102.
Complete athletic equipment. Sinking Fund: Monthly deposits with
Loeation: Sixth and Union, in Se- :he trustee.
attle. Tax Status: 29% Federal income tax
Security: First mortgage on land, paid by borrower.
building, equipment, an equity in the Mortgagor: Washington Athletic
furniture, and a first lien upon the in- Club Holding Company.
come. Appraised value, $2,300,000. Offered by: W. D. Comer & Co. Se-Maturities:
 Nov. 1 of each vear: attle. November. 1929

WASHINGTON BUILDING, Tacoma, Washington
FIRST (CLOSED) MORTGAGE 6% TWENTY-YEAR SINK. FUND GOLD BONDS
Authorized ..._... crreeene--$975,000 Interest Payable: Mar. 1 and Sept.
Retired ceeeeeeeeee 85,000 1, at trustee's office.
—_— Trustee: Anglo-California Trust Co,
Dutstanding, Apr. 1, 1930............$890.000 San Francisco. Co-trustee, National
Dated: Sept. 1, 1924. Bank of Tacoma, Wash.
Mature: Sept. 1, 1944. *
Property: Seventeen-story Class A Denoatination: $s00 apd, L040.
structure, 85,000 square feet of office Callable: On any interest payment
space above ground floor, 16,000 square fate, on 30 days’ notice, at 102.
feet of rentable area on ground floor Sinking Fund: 1927-1929, , $20,000
and in basement, five upper stories de- rach; 1930-1932, $25,000 each; 1933-1934,
signed to accommodate dentists and $530,000 each; 1935-1938, $35,000 each;
physicians; property has 120-foot front- 1939-1940, $45,000 each; 1941-1943, $50,-age
 on Eleventh Street, and 75-foot 100 each, leaving $400.000 to be paid at
frontage on Pacific Avenue. maturity.
Location: Northeast corner of Elev- Tax Status: 29% normal Federal inenth
 Street and Pacific Avenue, Ta- ome tax paid by borrower.
coma, Wash. Mortgagor: Washington-California
Security: First closed mortgage on “ompany.
property and building, owned in fee. Offered by: Blyth & Co., Peirce, Fair
Appraised value of property and re- & Co., Bond & Goodwin & Tucker, Inc..
placement value of building. $1.660.000. September. 19%2¢

WASHINGTON MANOR APARTMENTS, Seattle, Washington
FIRST MORTGAGE SINKING FUND GOLD BONDS
.--.-$215,000 Interest Payable: Jan. and July i.
18,000 Interest and Principal Payable: An
—_— trustee's office.
Dutstanding, June 30, 1930............$197,000 Trustee: Seattle Trust Co.
Dated: July 1, 1926. Denominations: $100, $250, $500, and
Due: Serially, 1929-1936. 1,000.
Property: Eight-story reinforced Callable: At 101 on any interest date.
concrete building, containing 177 rooms Sinking Fund: Annual requirements
on corner lot, 80 by 103 feet. for interest, taxes, insurance and prin-Location:
 Southeast corner East 34d cipal reduction paid monthly to trustee.
Street and Brooklyn Avenue, Seattle. Tax Status: Federal income tax up
Security: First closed mortgage on to 29% paid by borrower.
lot and building. Mortgagor: University District De-Maturities:
 $6,000 each Jan. and July velopment Corp.
1, 1929, to Jan. 1, 1933, incl.; $7,000, July Offered by: Seattle Trust Co.. July.
and Jan. 1 to Jan. 1. 1936. incl.: $119.000. 1926.

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