Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1916-09-09
Village Treasurer.

Section 5. That said bonds when
executed shall be delivered to The
Guardian Trust Co. of Denver, Colo
RADIO, the purchaser thereof, at the
contract price therefor heretofore
agreed upon between the village and
said purchaser, the same being not
less than the par value of said bonds
net, which sale is hereby ratified
and confirmed and the proceeds Of
said bonds shall be paid to the con-
tractor constructing said improve
ments in said district; but said pur-
chaser shall be under no obligation
to see to the application of said
purchase price. And when so issued
said bonds shall transfer to the own
er or holder thereof all right and in
terest of the village of Mountain
Home in or with respect to every
assessment and the lien thereby Gre
ated against the property owners
assessed who shall not have availed
themselves of the provisions of law
in regard to the redemption of their
property, and shall authorize the
owners and holders of said bonds to
receive sue for and collect every
such assessment embraced in any
such bond Or through any of the
methods provided by law for the
collection of assessments for local
improvements; AMI the village Of
Mountain Home hereby pledges to
such bondholders the exercise of all
lawful corporate powers in the collec-
ton of the assessments levied for
the payment of suCn bonds.
Section 6. That the whole cost
and expense of such Improvement and
the apportionment of the same, as
roll made out in accordance with the
provisions of said ordinance No. 164,
adopted and approved the 7th day of
February, A. ID. 1916, and filed in
the office of the village clerk on the
9Th day of April, A. d. 1916, are here
by assessed against the lots and par
GELS of land included within such i'm
proyement district and against such
persons and in the proportions and
amounts severally set forth in said
assessment roll, which is hereby spe-
officially referred to and made a part
hereof, the anne as if set forth at
length herein.
Section Z. That the sum hereby
charged against each of such lots or
parcels of land as set forth in the
assessment roll may be paid in ten
tl0) equal annual installments, with
interest upon the whole sum so
charged at the rate of seven per
centum & per cent? per annum.
Section s. That said assessments,
together with interest thereon at the
rate Of seven per centum q per cent?
per annum from September 1st 1916
until the maturity of the installments
provided for in section Z hereof, are
hereby declared to be lien in the
several amounts assessed against
each lot, parcel or tract of land in
said assessment roll described, from
and after the publication of this Or
dinance, and shall have priority over
all other liens, except the lien of
general taxes. ALI payments shall be
made to the village treasurer, who
shall receipt therefor, and all sums
~ Ptblu ohhiA VIC dpPlCu SOlOly W IuS
payment OF the cost and expense of
the improvements made in said Local
Sewerage improvement District Num-
Der Three and the redemption OF the
bonds issued therefor.
Section 8. All ordinances or parts
of ordinances in conflict with this or
dinance are hereby repealed.
rassed by the board of trustees Of
the village of Mountain Home, Idaho,
the 4th day Of September, A. d. 1916.
Approved by the chairman of the
board of trustees of the village Of
Mountain Home, Idaho, this 4th day
of September, A. d. 1916.
Approved:
STANTON PARK,
Chairman of Board OF Trustees.
Attest:
f. G. TICkNOR,