Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1915-11-05

the payment Of the cost and ex-
pense of the improvement herein
provided and the redemption of the
bonds which may be issued therefor
as hereinafter provided.
Sec. s. The assessment roll here
inbefore provided for, when ap-
proved, shall be the amount of the
assessment levy against each lot,
piece or parcel of land included
within said Local Sewerage Improve
ment District No. l for which the
bonds hereinafter provided for shall
be issued. The sum charged thereby
against each lot, piece or parcel of
land included within said Local Sew
erage Improvement District No. l,
unless such property shall be re-
deemed from the liability thereof,
prior to the issuance of the bonds
hereinafter provided for, shall be
paid in ten (10) equal annual in
stallments with interest upon the
whole sum so charged as an assess
ment according to the said assess
ment roll at the rate of per cent
per annum; the said installments
shall be due and collectible at
the time the state and county taxes
of Boundary county, State of Idaho,
are due and collectible. The Board
of Trustees of the Village of Bon
ners Ferry shall cause to be certi-
fed to the proper officer of Boundary
county, Idaho, the amount of the
special assessment herein levied
against the lots, pieces and parcels
of land included within said Local
Sewerage Improvement District No.
for each year as shown by said
assessment roll. The amount of such
assessment which shall be payable
and collectible each year shall be
one of such installments with the
interest thereon, together with the
accrued interest on all installments
thereafter to become due, the whole
thereof to be collected as a separate
tax in the manner provided by law.
Sec. 8. AS soon as the said assess
ment roll shall have been approved
the same shall be placed in the
hands of the treasurer of the Village
of Boomers Ferry for collection. Up
on receipt of said assessment roll foi
collection, the said treasurer shall
cause to be published in the Official
paper of Boomers Ferry the notices
required by law relative to the re-
demption of the lots, pieces anc
parcels of land in said Local Sewer.
age Improvement District No. l from
all liability for such assessments
The bonds hereinafter provided fol
shall not. be issued prior to twenty
(20) days after the time allowed by
law for the redemption from all liza
bility of the lots, pieces or parcels
of land in said improvement district
but may be issued at any time there.
after. All assessments collected by
said treasurer, or which may be
turned over to him by any other
duly authorized person or officer col
Letting the same, shall be set aside
in a fund which shall be known as
Redemption Fund of Local Sewer.
age Improvement District No. L.
and such fund shall be applied solely
toward the payment Of the costs anc
expenses of the improvement hereir
provided for and the redemption OF
the bonds hereinafter provided.
Sec. 10. For the purpose of pro.
viding funds for the payment of the
costs and expenses of the improve
ments by installments, as herein pro
vided for, Improvement Bonds of sale
district shall be issued in the name
of the Village of Boomers Ferry
Idaho. Such bonds shall be known
and designated as Especial Assess
ment Sewerage Improvement Bonds
District No. l." Said bonds shall
be payable on or before ten (10)
years from and after the date of is.
oaN VI oUNh OOiibcs Which, ldlltI Qdlt
may be fixed by resolution or order
of the Board of Trustees of the Vii.
lage, and shall bear interest at the
rate of 6 per cent. per annum, which
said interest shall be payable an
nually at the Office of the treasurer
of the Village of Boomers Ferry
Said bonds shall be issued in de
nominations of five hundred ($50000'
dollars each, and numbered from on,
(D upward consecutively, and eacl
bond and interest coupon shall b,
signed by the chairman of the BoarC
of Trustees of the Village of Boomers
Ferry, and attested by the clerk o.
said village. Provided, however
that said coupons may, in lieu of be
ing so signed, have printed Thereon
facsimile of the signatures of salt
officers. Each of such bonds shall
have the seal of the Village of Bon
nerc Ea,-,.v offixad tharato opd cbo1