The Kennewick courier. [volume] (Kennewick, Wash.) 1905-1914, 1912-05-31

no;a VI any such assessment NAV be
pau at any time within thirty i3Ol
Jays from the date of the first pnhl;.
.a.ion OF said notice. without penaltv
interest or costs, and that unless nav
lheht De made within such time sncb
"s :,1 or unpaid portion thereof
"ni pecome delinquent Upon delip-
quency penalty of FIVE (5] per cent
Hnail attach to, and become mart of
on such assessments. Delinquent assess
ments shall bear interest at the ratio
Oh eight (s) per cent per annum until
PAID. Such delinquent assessments
with penalty and interest shall forth.
win De collected and the lien thereof
ne enforced in the manner provided
's Id" ana the ordinances of the CITY
of Kennewick.
Section :. Mode of Payment by
oonoS. Whenever the cost and ex
pense of any improvement shall be paw
able by the mode of "Pavment bv
Bonds" the whole or anv portion of
any assessment levied on account of
such Improvement may be paid with
out penalty or interest during the first
thirty (30) days following the date
or the first publication of a notice bv
the City Treasurer that such assess
ment and assessment roll is in his hands
Tor collection, and the unpaid balance.
II any, may be paid in equal annual
instruments, the number of which shall
equal the number of years which the
bonds to pay for the improvement NAV
run; or, the lien of any such assess
ment may be discharged at any time
after the said thirty (3O) days by pay
ing the entire unpaid portion thereof
with all penalty and costs attaching,
together with all interest thereon to
the date of delinquency of the install
ment thereof next falling due The first
lnstallment shall become due and pay
able during the thirty-day period sue
eeeding date one (I) year after the
date OF first publication of such notice,
and annually thereafter each succeed
ing installment shall become due and
payable in like manner. If the whole
or any portion of any assessment re-
main unpaid after the first thirty-day
period herein provided for, interest
upon the whole unpaid sum shall be
charged at the rate fixed in the ordi-
nance providing for such improvement,
and each year thereafter one of said
installments, together with the inter
balance, shall be collected. ANY in
stallment not paid prior to the expira-
ton of the thirty -day period during
which such installment is due and pay
able, shall thereupon become delinquent
All delinquent installments shall, until
paid, be subject to charge for interest
at the bond rate, and to an additional
charge Of five (5) per cent penalty
levied upon both principal and interest
due on such irstallment or installments.
Section 8. Notice by Mail. In all
cases of assessments or installments
thereof becoming due and payable, the
City Treasurer shall mail a copy of
the notice required to be published to
the owner of the property assessed,
when the postofiice address of the
owner is known, but failure to mail the
same shall not be fatal when public
action is made.
Section 9. Notice Of 1nstallment.
Whenever any installment of an ass
essment payable by the mode Of "Pay-
ment by Bonds' shall become due and
payable, the City Treasurer shall pub
lish notice thereof for two (2) con-
secutive issues in the official newspa-
per, the date of first publication of
which shall be at least thirty (30) days
prior to the date Of the delinquency of
such installment.
Section TO- Special Fund. The ordi-
nance confirming any assessment roll
shall create a special fund to be called
"Local Improvement Fund, District
No.--- into which shall
be placed all sums paid on account Of
such assessment, including all interest
and penalty thereon, and in event of
sale Of bonds by the city, all premiums
and accrued interest on bonds issued
for such improvement.
Section II. Issuance of Bonds:
Coupons. At the expiration Of thirty
(3O) days after the date of first publ
cation of the treasurer notice re-
ferred TO in Section of this ordi-
nance. the City Treasurer shall report
to the City Clerk the total amount of
the assessment. the total amount paid
to him to redeem any lots, tracts, par
cells Of land or other property from
the assessment levied thereon, and the
total amount unpaid on such assess
ment; whereupon the mayor and clerk
shall issue the bonds on the local i'm
provement district established by the
ordinance providing for such improve
ment in an amount equal to the amount
remaining unpaid on said assessment
roll as shown by such report. The
bonds herein provided for shall not be
issued prior to twenty (20) days after
the expiration Of the thirty (30) days
above mentioned. Such bonds shall be
in denomination of Two Hundred Dol
lars each, except bonds numbered one
G, which shall be in less amount
if necessary; provided that the City
Council may, in the ordinance confirm
ing the assessment roll designate any
different denomination for such bonds.
Such bonds shall be numberd from one
CD upwards consecutively and each
bond and coupon shall be signed by
the Mayor and attested by the City
Clerk; Provided, however. that said
coupons may. instead of being so
signed, have printed thereon the fac
smile of the signatures of said officers,
and each bond shall have the seal of
the city impressed thereon, and shall
refer to the improvement to pay for
which the same shall be issued and to
the ordinance ordering the same
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