The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1915-11-04


collection OF assessments for local i'm
proyements.
section y. If the City shall fail
neglect or refuse to pay said bonds, OF
10 promptly collect any of such as.
sessmenIs, when due The owner OF any
of sald bonds may proceed in his own
name TO collect sucn assessment anC
foreclose any lien thereof in any Court
of competent jurisdiction and snail re-
cover Ia addition to the amount OF
said bonds and interest thereon, five
(5 per cent? per centum, together with
the costs OF such suit, including a rea
sonable sum as attorneys fees.
Section %. Ii any of said special
assessments for SAID local improve
ments against any of said property
persons or corporations, in said Lo-
cal improvement District No. 4 have
failed to be valid in whole or in part
for want of form or sufiiciency, in
fornality or irregularity, or nome con-
Torrance with the provisions of law
governing such assessments, the City
council shall be- and they are hereby
authorized to reassess said special tax
assessments ana to enforce their col
lection in accordance with the provi-
sions of law existing at the time the
reasseSsment Is maze and it is fur
Their provided that whenever for any
cause, mistake or inadVertance, the
amount assessed shall not be sufficient
to pay the costs of the improvements
in SAID Local Improvement District
NO. 4, it SNAIL be lawful and the CITY
Council is hereby directed and au-
thorized TO make reassessment on all
the said property in said Local I'M
provement District No. 4 sufficient to
pay for said improvements, said re-
assessments to be made and collected
in accordance with the provisions of
the law or Ordinances existing at the
time of its levy.
Section "a. The holder of any bonds
issued under the provisions of this
Ordinance shall have no claim there
for against the City by which the
same was issued, in any event, ex-
cept from the collection of special as
sessments made for the improvements
for which said bonds We're issued, but
his remedy in case of non payment
shall be confined to the enforcement
of such assessment, a copy of this
subdivision shall be plainly written,
printed or engraved on the face of
each bond so issued
Section 20. The City Clerk shall
keep a record in which he shall enter
a description of each lot or parcel of
land or other property within Local
Improvement District No. 4, against
which the assessment herein provided
for is made and which bears interest
or is chargeable with the cost of such
improvement, with the name of the
owner if known, the amount of each
unpaid assessment, and when any as
sessment, installment or interest
thereon is paid the same shall be
credited to the same piece or parcel OF
land upon which the same is paid in
said record book and it shall be the
duty of the City Clerk to make the
proper entries in said record book and
when the entire assessment or all the
installments and all the interest is
paid upon any lot or parcel of land, it
shall be the duty of the City Clerk to
enter opposite~the said tract or parcel
of land in said record book that the
lien thereon is discharged.
The City Treasurer shall make a |
receipt for the payment of any as
sessment or installment paid to him. |
his receipt in triplicate, one |
copy of which he shall retain in his |
Office, one copy of which he shall de- |
liver to the person or persons so pay |
ing the same, and one copy of which |
he shall deliver to the City Clerk and |
when the entire assessment or when !
all the installments and all the inter !
est is paid upon any lot or parcel of |
land, it shall be the duty of the City |
Treasurer to enter opposite the said |
tract or parcel of land in said record |
book that the lien thereon is discharg-
ed.
Section 26. Whenever there shall be
sufficient money in the Local Improve
ment District No. 4 Bond Fund |
against which the bonds have been
issued under the provisions of this Or
dinance over and above sufficient for
the payment of the interest on all UNI
paid bonds, to pay the principal of one |
or more bonds, the City Treasurer
shall call in any pay such bond or
bonds, and said bonds shall be called
and paid in their numerical order,
provided that such call shall be by
publication in the official newspaper
of the City on the 1st~day of January |
of each year, or as soon thereafter as 1
practicable and shall state that bond
No. ......, giving the serial number
or numbers of the bonds called, VIII
be paid on the day the next interest |
coupon of said bonds shall become |
due, and interest upon said bonds shall |
cease upon said bonds upon said date. !
Section q. That all Ordinances and |
parts of Ordinances in conflict with |
this Ordinance are hereby repealed.
Passed by the Council and approved |
by the Mayor this 9th day of Octo-
Der, A. D. 1915.
CHAS. r. MOWERY,
Mayor.