The record. [volume] (St. Maries, Idaho) 1913-1918, 1913-10-10


Be it Ordained, by the Mayor
and Council OF the City of st. Maries
Idaho,
Section i.
That Section 10 Of Ordinance No.
40 Of the City Of st. Maries. being
entitled
IAN ORDINANCE CREATING
THE LOCAL SEWERAGE I'M
PROVEMENT DISTRICT NUMBER
FIVE IN THE CITY OF ST MARES
KOOTENAI COUNTY, IDAHO; DE-
Filming THE BOUNDARIES
THEREOF AND PROVIDING FOR
THE CONSTRUCTION OF A SEW
ERAGE SYSTEM THEREIN; PRO
VIDING FOR THE APPOINTMENT
OF A SEWER COMMITTEE AND
DEFINING AND REGULATING
THEIR POWERS AND DUTIES;
PROVIDING FOR THE LEvYING
OF A SPECIAL ASSESSMENT FOR
The SEWERAGE IMPROVEMENT
AND THE EXPENSES CONNECT.
ED THEREWITH AND PROVIDING
FOR THE ISSUING OF BONDS
THEREFOR; PROVIDING FOR
The PAYMENT OF SAID ASSESS
MENT IN Ten .l0) EQUAL AN
NUAL INSTALLMENTS AND FOR
HE COLLECTION THEREOF:
PROVIDING FOR THE REDEMP-
TION OF SAID BONDS; PROvID
ING FOR AN ASSESSMENT OF
THE PROPERTY IN SAID LOCAL
IMPROvMENT DISTRICT NUMBER
FL ANY FOR TIE PREPARA-
rIC" OF AN ASSESSMENT ROLL
AM Tue HEARING OF PRO
AGAINST THE SAME AND
DINQA FOR TIE REPEAL
o. eDINANOEs OR PARTS
NANCES IN CONFLICT
~" be and hereby Is,
peI o read as follows:-
Hsaid bonds shall be payable
,\Wor before the irst day of Novem-
Der, A. d., 1928, and shall bear In
tersst at the rate Of eight (Sl per
sent per annum, which said interest
shall be payable annually on the first
day of November Ia each year at the
office Of the City Treasurer of said
City, or at some banking house in
New York City, New York. at the
option of the purchaser thereof. Said
bonds shall be Issued In %denomina-
tions Of Five Hundred (5OO) dollars
each, aud shall be numbered from
u upward, oonsecutively, and each
bond aud oou pom shall be signed by
the mayor aud attested by the CLERK
Of said City, provided however, that
said coupons may, In lieu of being so
signed, have the facsimile of the sig
nature Of such officer, aud each bond
shall have the seal Of said city afix-
ed thereto, aud shall refer to the i'm
%provement for the payment of which
the same shall be Issued"
Section III.
That Section 20 Of said ordinance
No. lao of the City Of St, Maries, be
and hereby Is amended to read as fol
loWs:-
"The assessment roll hereinbefore
provided for when approved, shall be
the assessment Of the costs and ex-
penses Of the improvement herein
against the lots. pieces, and parcels
Of land included within said Local
Sewerage Improvement District No.
5 for which the bonds herein pra-
vided shall be issued.
The assessment levied against each
piece or parcel Of land may be paid
Ia ten equal annual installments With
Interest upon the whole sum so charg
ed rs an assessment and unpaid, at
the rate of eight (s) per cent per an
nun and the first installmsnt shall
be due and oollsotable on the hrst
day Of September. A. ID. 1914. and
each installment thereafter shall be
due on tue fist day of SAID mouth
10 each succeeding year thereafter,
aud shall become delinquent twenty
days after becoming due. The
amount which shall be payable and
coilectsble each year shall be u or
such equal annual installmsnts With
the interest due h reon together With
the interest on all installments there
after to become due, and the whole
thereof shall be collected as a sepa-
rate tax and IN the manner provided
by Law for the collection of assess
meBts Tor such improvements where
no bonds are Issued.
Section III.
That Section 20 Of said Ordinance
No. lao OF the City OF st. Maries,
be, aud the same hereby Is amended
to read as f%olioWs:-
1.-THE city treasurer shall cause TO
be published a notice In the official
newspaper of the city during each 10.
sue thereof In the month Of August
in each year during which said bonds
shall run, that an installment. to
gether with the interest upon the IN
Maid fuafallmanfa. wfII he dina unon