The Parma herald. (Parma, Idaho) 1903-1917, 1912-12-05

and expense of such improvements ~
ia Local Sewer Improvements District
No. One, special tax In addition 70
ether taxes authori xed by Lava, which
shall poduce sum knfiscieift to pay the
INTEREST on said bonds each year as ii
becomes due and also sufficient sBm /
10 produce the sum OF Three Hundred
Ninety .sepan and s4l00 Dolls,s per
year, on and alter the year 1912, until
Esuah bonda shall be- paid, which shall !
CONSTITUTES sinking fund for the pay |
nnens OF the same
Section 3. The sum charged against
| each Of snah lots or parcals Of land msy
| he paid In ten eqsial annual snstallments
with interest on tho whole sam 50
charged at the rate OF eight per cent per
Iannpm; and each year thereafter one Of
Isuel, tnstallrnents with the interest
Thereon. and all the installuents there
l after 10 become due shall be collected by
llevyInK IA assessment and certifying 10
1.-THE tan collector AZ special assessusent
flor improvements to the amount OF such
assessments, and shalt be by him placed
Ton bis assess msEt roll forcollection, and
Ecollected in addition to the BAR for gem
eral Yeyenne purposes. The said assess-
| ment shaIl be subject to the same pen
atty and collected In the same manner
Az other city and village taxes.
Section 4. That for the purpose OF per-
hitting property owners whose property
has been asseraed Tor the constructions
OF sewers in said local sewer improve
ment District No one. &c pay said as
easements IN ten yearly ins ailments, the
/ Chairman Of the Board Of Trustees OF
the village OF Parma idaho, and the
Clerk Of Parma, Idaho, be and they are
hereby authorized and directed to en-
ecute special assessment sewerage i'm
/ proverpent bonds, local Sc yer improve
ment district No One Of Parma, Idaho,
FL, the sum oil Three Thousand Nine
! Hundred spventy-nine and 5000 Doll
lars. for the purpose Of providing funds
Tor the payment Of said unpaid portion
Of the cost Of said improvement. said
bonds to be executed and delivered to
the contractors and TO he in the form
and terms IA hereafter provided In this
ordinance
Section r., Each % said bonds shall
be dated the ninth day oil November,
!l9l2, and shall be made payable ten
years from said date, unless redemption
thereof shall be made prior to the expir-
alton OF said time as provided by SAID
Statutes and Session Laws OF the state
of Idaho; that said bonds shah bear IN.
Iterrst from the date thereof At the rate
ot eight per cent per annum. payable
mi-annually. until redeemed; said in
terest TO be evidenced by coupons at
tached to said bonds; both interest anf
principal shall be payable In gold coir
81 the United States Of America al thu
!, office OF the village Treasurer Of the Sale
:, village OF Parma, in the comfy OF Can
Won. and state OF Idaho; said bond
shall be OF the denomination OF Fiv'
Hundred Dollars and one bond shall b.
I Of tn 9 denomination of Fon- Hundre'
Say entv Nine and 80. 100 DOLLARS
!, and shall he numbered consecutivel
!, from one to eight.
Section O. Said bonds and the con
- pons thereto attached, witt
. the necessary variations az to numbers
!, denominations and matnrities shall b
N substantially as follows:
- $500 90 No -
(, UNITED STATES OF AMERICA
i STATE OF IDAHO, COZ MY 0
q. CANYON, VILLAGE OF PARMA
=. SPECIAL ASSESSMENT SEW Err
81 AGE IMPROVEMENT BOND Fol
. LOCAL SEWER IMPR WEN EN-
eel DISTRICT NO. ONE.
Of KNOW ALL MEN BY TIES
- PRESENTS: That the Village
ry Parma, County of Canyon. State
Idaho. for value received, hereby agree
and promises TO pay to the bearer, II
sum Of FIVE HUNDRED DOLLARS
Gold Coin OF the United States
u America ON the presentation and su
Il render OF this obligation on the mint
Il day Of November, in the year OF OF
I'M Lord One Thousand Nine Hundred at
ED Twenty Two, without grace, with !
90 terest thereon from the date hereof u
OF I'll redeemed, or until the time OF Il
Hg semi-annual interest payment next e
IN suing to the publication OF notice
Icr the Village of Parma that this bond W
HE be taken up and cancelled, and tn
ns interest thereon will cease at the int
est payment period next following SUI
AN publication, at the rate OF eight p
Of cent per annum, payable semi-annuall
Ia like Gold Coin on the frat day
IA. January and the first day OF July
i'm each year on the presentation and 81
IA render of the proper coupons hereto a
er- nexed, Principal and Interest payat
ct. at the office of the Village Treasurer
rst the Village OF Parma
nee 1t is hereby provided that the prin
to pal sum herein named and the inters
tn thereon shall be payable out OF the los
,ve improvement fund created for the pa
rly usns OF the cost and expense OF gu
nee Improvement and not otherwise.
eet This bond Is one of series issued
tn anticipation of the collection OF I
'et, special assessments levied upon t
OF property within said Local Sewer Il
81 provement District No. One in prop,