The Parma herald. (Parma, Idaho) 1903-1917, 1912-11-14


PAyfxa INK UxrAB Ponuox or THE
Cosr OF CorsTxue1los - SEuxKs N
Local sKwER IMPROVEMENT D1syKrer
No. 0xE, AND PeoviDssa yoR THE
PArnsxr or SAID Bosps Bx THE
AsNvAL Lxvr or srsctAL TAxEs.
BE 1T ORDAINED by the chairmaA
and board Of trustees Of the village Of
Parma. Idaho.
section ). That the village OF Parma /.
Idaho, has duls organised local sewer
improvement district No one. described
~ follows, to-wit: Beginning at the
Intersection OF First street and Main
street. running Themes norshessterly
along First street 10 Bates ayenns, rum
ming thence sontheasterly along Rates
avenue 10 Eighth street. thence running
south westerly along Eighth street to
Grove street, thence running northwest-
efIy along Grove street 10 Sixth street,
thence Running soutbwesterly along
Sixth street 70 Main street, thence run
ming northwesterly alons Main street TO
First street, the point Of beginning, in
GLIDING AL Of blocks 26, q, 2s. 20, 30, 80,
~, IS, 80, 81. 80, and 30 al the original
tow nsite OF Parma. Idaho; that the
sewers In said district have been con-
structed in conformity with the ordin-
nnce relating thereto and the contract
and plans and specifications therefor /;
that the assessment for said improve
ment has been duly made, certified,
adopted and approved; that all pro-
ceedings relating to the organization OF
said district, the construction Of the
sewers therein. the assessments OF the
cost therefor and the issuance OF the
bonds hereinafter provided for. have
been had and done In strict compliance
with the Constitution and Statutes OF
the State Of Idaho. including Cha pier 80
OF the Session Laws OF 1911, and that the
aggregate amount Of said assessments
remaining unpaid is Three Thousand
Eight Hundred Seventy mine and 80 loo
Dollars.
Section 2. There shall be levied,
assessed and collected annually upon
the lots or parcels OF land liable for tile
cost and expense OF such Improvement
In said Local Sewer Improvement Dis
trict No. One, special tax in addition
to other taxes authorized by law. which
shall produce a sum sufficient To pay IN
tsrest ON said bonds each year AS il be-
COMES due; and also a sufficient sum te
produce the sum of Three Hundred
Ninety seven "a 100 Dollars per year
ON and after the year 1912. until sucn
bonds shall be paid. which shall con.
stitute "a sinking fund for the payment
OF the same.
Section 3 Tie sum charged against
each of such lots OF parcels OF hand may
be paid IN 10 equal annual installn,cnts
with Unrest on the whole san 80 charged
at the rate Of Eight per cent per annun
and each year thereafter one OF such ia
stalIments with the Interest thereon,
and ali the iustallnents thereafter t.
become cue shal he col.ected 10y levyinp
an assessment aud certifying to the tax
collector as a SPECIAL assessment Tor inn
proyements Ia the amount OF such as
sessment, and shalt be 10y him place d ON
his assessment roll fur collection aud
collected ia addnion to the tax for
genetal revenue purposes The sand as
sessneut shall be subject To the sam,
penalty and collected in the same ,nan
ner AS other City aud Village taxes
Section 4. That Tor the pus pose Of
permitting property owners wnvse prop.
erty has been assessed Tor the construc.
tiun OF sewers Ia SAID Local Sewer I'm
provemvnt District No. one. To pay
said assessments in ten yearly install
ments. the Chairman Of the Board d
Trustees If the Village OF Parma. Idaho
and the Clerk OF Parma. Idaho, bp--anc
they hereby are authorized and iiectec
improvement bonds. Local Sewer lm
provement District No One Of Parma
Idaho, ia the sum OF Three Thousand
Niue Hundred Seventy Nine 80 10,
Dollars, for the purpose OF providing
funds Tor the payment OF said unpai'
portion Of the cost OF said improvement
said bonds to be executed and delivere,
TO the contractors and to be i'm the form
anu terms us hereafter provided In thi
ordinance
Section 5. Each Of said bonds shall
be dated the Ninth day OF November
1912. and shall be made payable tel
years from said date unless redemption
thereof shall be made prior 10 the ex
piration OF said time ae provided 10y sal
statutes ard Session Laws o. the Stat
of Idaho; thai said bonds shall bear in
terest from tbs date thereof at the rat
OF Eight per cent per annutn, payahl
semi annually until redeemed; said in
terest to oe evidenced by coupons al
tsched to said bonds; both interest an
principal shall be payable in Gold Cor
OF the United States OF America at Il,