The Oakley herald. [volume] (Oakley, Idaho) 1908-1961, 1911-08-25

iIlH iOCdi liilpIONcHl ulStIlCJ
number two" for the purpose of
constructing and laying cement
sidewalks, specifying the streets
to be improved and territory to be
included within such local inn
proving district, providing that
the cost and expense of construc-
ting and laying cement sidewalks
shall be assessed upon the alb ltting
contiguous and tributary property,
providing that the cost of such
improvement shall be paid by local
improvement bond issued by the
village of Oakley, specifying the
amount of each bond, the amount
of interest each bond shall draw
and the time and manner of pay
ment.
Be it Ordained by the Chairman
and Board of Trustees of the Village
Oakley:
SECTION /. There is hereby laid
out, created and established "loca'
improvement district number two"
for the purpose Of constructing ano
laying cement sidewalks on the
streets included within such local
improvement district, between the
points hereinafter designated
SECTlON2. Local improvement
district number two" shall embrace
and include the street hereinafter
specified, between the points herein
after designated and all lots and
land fronting thereon, abutting
contiguous and tributary thereto
back to the center Of the blocks.
The street included in Local i'm
provment district number two shall
be as follows, .o-wit: Poplar Street,
on north side thereof, from western
property line of Wilson Avenue,
west, to Center Avenue. Poplar St.
on both sides thereof west from
Center Ave. to Academy Ave.
SECTION 3. That the width of
the sidewalk to be constructed and
laid on the above specified street be-
tween the points above designated
shall be five feet. And the cost of
constructing and laying the said
sidewalk on said street, between the
points above designated shall be
|ieviea aud assessed against the abut
ting, contiguous and tributary pro
perty in proportion to the number
of feet of such lots and lands front
ing thereon, abutting, contiguou,
and tributary thereto and the bene
fits derived to such property by sucf
improvement Which expense shall
be betrayed by bonds to be ISSUED
by Village of Oakley for the sale
Local improvement District Number
Two.
SECTION A. Such bonds shall b,
known as Improvmett Bonds o.
Local improvement District Number
Two, shall be numbered from one t.
ten consecutively, and ne for thu
sum of about $50 dollars each. SaiC
bonds shall pe signed by the Chair
man of the Board of Trustees of tn
Village of Oakley, countersigned b,
the Village Treasurer, attested b,
the Village Clerk and sealed witt
the corporation seal. Each bon,
shall bear interest at the rate 0
seven per cent per annum, shall b
payable at the office of Villag
Treasurer in the Village of Oakle
in ten equal annual imstallments
and the face thereof shall provid
that the principal sum therein name,
and the interest theron shall be pay
aDle out OF the local lmprovmen
fund created for the payment of tn
cost and expense of suchimprovmen
and not otherwise; provided, how
ever, that none of such bonds or tn,
installments thereon shall run longe
than ten years from and after tn,
date of issuance Such bonds shall
not be issued in an amount in exces
of the cost of such improvement, ex
cept that the installment coupon
shall include the interest on sucl
installments until the muaturit,
thereof
SECTION 5. There shall be at
tached to each bond in such name
that they can be taken off withou
injuring or mutulating the same
ten annual installment coupons