The Oakley herald. [volume] (Oakley, Idaho) 1908-1961, 1911-09-01
An Ordinance.

uuiuUCA tWO 1OE tu6 purpose Oh
constructing and laying cement
sidewalks, specifying the streets
to be improved and territory to be
included within such local i'm
proving district, providing that
the cost and expense of construc-
ting and laying cement sidewalks
shall be assessed upon the abutting,
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 local
improvement district number two"
for the purpose of constructing and
laying cement sidewalks on the
streets included within such local
improvement district. between the
points hereinafter designated.
SECTION 2. Local improvement
district number two" shall embrace
and include the streets 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 streets 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 four feet. And the cost of
constructing and laying the said
sidewalk on said street, between the
points above designated shall be
levied and 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, contiguous
and tributary thereto and the bene-
| fits derived to such property by such
improvement. Which expense shall
be betrayed by bonds to be issued
by Village Of Oakley for the said
Local improvement District Number
Two.
SECTION a. Such bonds shall be
known as Improvement Bonds of
Local improvement District Number
Two, shall be numbered from one to
ten consecutively, and be for the
sum of about $50 dollars each. Said
bonds shall be signed by the Chair
man OF. the Board of Trustees of the
Village of Oakley, countersigned by
the Village Treasurer, attested by
the Village Clerk and sealed with
the corporation seal. Each bond
shall bear interest at the rate OF
seven per cent per annum, shall be
payable at the office of Village
Treasurer in the Village of Oakley
in ten equal annual imstallments,
and the face thereof shall provide
that the principal sum therein named
and the interest theron shall be pay
able out of the local improvement
fund created for the payment of the
cost and expense of such improvement
and not otherwise; provided, how
ever, that none of such bonds or the
installments thereon shall run longer
than ten years from and after the
date of issuance. Such bonds shall
not be issued in an amount in excess
of the cost Of such improvement, ex-
cept that the installment coupons
shall include the interest on such
installments until the muaturity
thereof.
SECTION 8. There shall be at
tached to each bond in such manner
that they can be taken off without
injuring or mutilating the same,
ten annual installment coupons,
which coupons include the interest
A. Al