The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1910-07-29

practicable, and shall state that Bonds No.
- (giving the serial number or mum.
bers of the bonds called) will be paid on the
day the next interest coupons on said bonds
shall become due and interest ON sucb bonds
shall cease on such date.
Section g. There shall be levied, assessed
and collected annually upon the lots or par
cells of land liable for the cost and expense OF
such improvement in said Local Lateral eSw-
ersge Improvement District No. ), special
tax in addition to other taxes authorized by
law, which shall produce a sufficient sum TO
pay the interest on said bonds each year as
it becomes due; and also sufficient sum to
produce the sum of One Thousand Dollars
per year, on and after the year 1911, until
such bonds shall be paid, which shall CON
stitute sinking fund for the payment of the
same.
Section O. Be it further ordained that the
said City of Caldwell hereby agrees to and
with the persons who are, or at any time may
be the holders OF such bonds, or any, OF the
tuay pay said bonds and coupons according
to the terms thereof, and that the said City of
Caldwell will at all times faithfully carry out
all of the provisions Of law and this ordi.
nance for the benefit of such bonds and the
coupons attached and that all holders thereof,
including the levying and collecting of taxes,
to pay the interest on such bonds and to
constitute a sinking fund required by the
constitution and the laws of the State OF
Idaho and this ordinance.
Section 10. That the charged against
each of such lots or parcels OF land may be
maid in equal annual instaments: the mum.
| Der of which installments shall be equal to
I the number of years winch the bond issued
for the payment Of the improvements may
run with interest on the whole charged
at the rate of eight per cent per annum; and
each year thereafted one OF such installmentS
| with the interest thereon, and all the install
| ments thereafter to become due. shall be col
| lected by levying an assessment and certify.
ing to the tax collector as special assess.
ment for improvements to the amount Of
i such assessment, and shall be by him placed
on his assessment roll for collection, and
/ collected in addition to the tax for general
revenue purposes The said assessment shall
be subject to the penalty and collected
in the same manner as other city taxes.
Section II. That the of any lot or
parcel Of land charged with any such assess
ments may redeem the same from all liabilities
for each assessment by paying the entire
assessment charged against such lot or par
eel Of land, without interest, within thirty
days after notice to him of such assessment,
which notice shall be gwen as follows the
city treasurer shall as soon as the assess
ment roll has been placed in his hands for
collection, publish notice in the official news
paper of said city for ten consecutive days
| or two consecutive weekly issues, that the
|. | roll is in his hands Tor collection and that
| any assessment therein may be paid at any
time within thirty days from the date of the
first publication Of such notice without pen
atty, interest or cost. The owner OF any such
| lot or parcel of land may redeem the same
from ali liability of such assessment at any
=. time after said thirty days by paying all in
stallments of said assessments, remaining un
/ paid, and charged against such property al
the time of such payment with interest there
r on at the rate of eight per cent per annum
{ from the date of issuance to the time of ma
turity of the last installment In all cases
E where any assessment or any installmen
thereof is paid as herein provided the SAINT
! shall be paid to the citv treasurer, and al
- sums so paid shall be applied solely to thu
|. oayment to the cost and expense of such i'm
i. provement and the redemption OF the bond
e issued therefor.
d Passed by the Council OF the City of Cald
h we'll Idaho. this asth, day of July, 1910.
If Approved by the Mayor Of the City c
/, Caldwell, Idaho this 10Th day Of July, 1910.
n ]. B. GOWEN,
II Mayor of the City Of CALDWELL Idaho
y Attest:
IS Clerk Of the City of Caldwell ldah