The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1916-07-27

such bonds next thereafter maturing
ana In computing the amount of special
assessment to be levied against each
lot, piece or parcel of land liable
thereof, interest thereon at the rate OF
Seven GD per cent per annum, from
the date of issuance of said bonds I'M
Til the maturity of the installments of
bonds not thereafter maturing shall be
included. Such assessments shall be
made upon the property chargeable for
the costs of such improvements re-
spectipely and shall be levied and col =
lected in the same manner as pro-
Vlded by the law and the Ordinances in
THIS city for the levying and collect
ing OF special assessments for such i'm
provement where no bonds are issued,
except as otherwise provided by this
ordnance. The basis of such assess
ment whether upon such assessed val
uatton frontage or otherwise liable for
such costs, shall be retained for the
assessment of succeeding installments
of said bonds.
Section IT. The owner of any piece
or property in said Local Improvement
District No. liable for any special
assessment herein provided, may re-
deem such property from such liability
py paying the entire assessment
eharrgeable against his property ac-
cording to said assessment roll (upon
the City Clerk having published a
printed notice in three CD consecutive
issues OF the official weekly newspaper
which notice shall state the time for
payment to begin and the time for
payment to close, the last day of said
notice to be not less than thirty 900
days before the issuance of the honds)
or after the issuance of the bonds by
paying all the installments of the as
sessments, which have been levied and
also the amount of unleVied INSTALL
ments with interest on the latter at
the rate of Seven Cd per cent per
annum, from the date of issuance of
the said bonds to the time of maturity
or the last installments in all cases
where said installments of the said
assessment are not yet levied and
paid as above provided whether before
or after the issuance of the said bonds,
the same shall be paid to the City
treasurer, who shall receipt therefor. |
and all sums so paid shall be applied |
solely to the payment of said improve
ments or the redemption of said bonds
issued therefor.
Section Is. When any piece of said |
property in said Local Improvement |
District No. has been redeemed from |
LIABILITY for the said cost of said i'm
proVements as herein provided, such |
property shall not thereafter be liable
for further special assessments for the
costs of such improvements except as
provided.
Section 10. No suit to set aside the
SAID special assessments or to enjoin
IN nan Iii In Of
brought, nor any defense to the vail
1ity thereof be allowed after the ex-
piration of thirty 500 days from the
time the amount due on such lot or
piece of land in said Local Improve
nent District No. for such assess
nent Is ascertained and confirmed by
he City Council. The funds arising
rom such assessments shall be ap-
olied solely toward the redemption of
said improvement bonds of said Local
Improvement District No. S.
Section 20. Said Improvement bonds
when issued to the contractor con-
'tructing the said improvement in
payment thereof, or when sold as
lbove specified, shall transfer to the
contractor or other owner or holder
I'll the right and interest of said City
n and with respect to each of said
assessments, and the lien thereby
treated against the said property of
'aid owners assessed, if they shall not
nave availed themselves of the said
provisions of this Ordinance in regard
o the redemption of their property as
lforesaid, shall authorize said con-
ractor and his assigns and the owners
md holders of such bonds, to receive,
Tue for and collect or have collected
'uch assessments embraced in any of
said bonds or through any of the
Methods provided by law, for the col
ection of assessments for local i'm
4,
Section 81. If the City shall fail,
neglect or refuse to pay said bonds, or
o promptly collect any of such as
easements when due, the owner of any
IT said bonds may proceed in his own
lame to collect such assessment and
oreclose any lien thereof in any
COURT of competent Jurisdiction and
hall recover in addition to the amount
# said bonds and interest thereon, /
I've (5) per centum, together with the
osts of such suit, including a reas- \
nable sum as attorneys fees \
Section 22. If any Of said special as ,
essments for said local improvements {
r corporations in said Local I'm r
rovement District No. have failed :
} be valid in whole or in part for +
ant Of form or sufficiency, informal !
y or irregularity, or non conform +
nee with the provisions of law gov r
ming such assessments, the City G
ounctl shall be, and they are hereby 6
to reassess said special tax 8
5sessments and to enforce their col s
ction in accordance with the provi- r
ons OF law existing at the time the r.
assessment is made and it is fur y
Ter provided that whenever for any U
tuse, mistake, or inadVertence, the "a
mount assessed shall not be suffi- u
ent to pay the costs of the improve "
ents in said Local Improvement
istrict No 5, 1t shall be lawful and Of
lie City Council Is hereby directed m
I'd authorized to make reassessment /.
! all the said property in said Local n
Improvement District No. sufficient IL
pay for said improvements, said I,
assessments to be made and collected ~
accordance with the provisions of a,
10 law or ordinances existing at the
me of its levy, G
Section 23. The holder of any
'nds issued under the provisions of
Is ordinance shall have no claim
erefor against the City by which
Q same was issued, in any event,
.cept from the collection of special
sessments made for the improve
ents for which said bonds were is al
led, but his remedy in case of nom OF
Lyment shall be confined to the en- Iii
rcement of such assessment; a copy p'
this subdivision shall be plainly IL