The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-07-05

Clerk of the City for copies of the
record shall be taxed against the APP
pellant with other costs. -
! Section L. All such assessments
shall be known as Special ASSESS
ments for improvements" and shall
be levied and collected as a separate
tax in addition to the taxes for gen.
eral revenue purposes to be placed in
/ the proper tax roll of Shoshone coun-
ty for collection, subject to the same
penalties and collected in the same
/ manner as other City taxes.
! Section 49, That the assessment
roll hereinbefore provided for when
approved, shall be the amount OF
the assessment levy SO made against
each piece, lot or parcel of land so in
cluded within said Local Improve
ment District Ne. for which bonds
| herein provided shall be issued, the
assessment levy so made against each
piece, lot or parcel of land included in
said Local Improvement District No.
IL, may be paid in ten Q0) equal an
nual installments with interest upon
the whole sum so charged as an as
sessmeflt according to the said assess
ment roll at the rate of seven G. per
cent? per cent per annum; the said
| installments shall be due and
eollectable at the time the state and
county taxes of Shoshone County,
State of Idaho, are due and collect
able. The City Council of the City of
| Wallace, shall at the time provided
Iby law Section 1865 of the Political
Code Of the State of Idaho, and 9TH
| er laws of the State of Idaho, con-
corning the collection of City Taxes
/ by the County Tax Collector cause to
be certified to the county tax collector
Iof Shoshone County, the amount of
| said special assessments herein pro-
vded against the lots. pieces and par
! GELS of land included within said Lo-
cal Improvement District No. Z, for
each year as shown by said assess
ment roll and the tax collector shall
| place the same on the proper tax lists
| to be collected in the manner provided
| by law for the collection of state and
county taxes in Shoshone County,
State of Idaho, asd in all sales for
delinquent taxes for municipal pur-
poses, if there be other delinquent
taxes from the same person, or lien
upon the same property such sale,
shall be for all delinquent taxes; and
such sale and all sales made under
and by virtue of this section of the
provisions of law herein referred to
shall be of the same validity, and in
though the sales had been made for
the delinquent State and County taxes
exclusively.
The amount of such assessment
which shall be payable and collect.
able each year shall be one of each
annual installments with interest due
thereon, together with the interest on
all installments thereafter to become
due and the whole to be collected as
a separate special tax in the manner
provided by law and this Ordinance
for the collection of such assessments
where no bonds are issued.
Section IA. That for the purpose of
providing for the payment of the cost
and expenses of said street and alley
improvements made in said Local I'm
provement District No. 7, as above
described wherein the costs and ex-
penses of said improvements are
Icfarged-to the lots, pieces or parcels
of land fronting or abutting on said
portions of said streets or alleys i'm
proved contiguous or tributary therel
to, and included in said Improvement
DistricS the City Council shall issue
and dispose of special assessment
street Improvement bonds of Local
Improvement District No. Z, which
bonds shall be issued in
the name of the City of Wallace and
shall be known and designated as
Special Assessment Street Improve
ment Bonds of Local Improvement
District No. T."
Section 10. That said Local I'M
provement District No. bond shall
be payable on or before ten 10) years
from date thereof, and shall bear in
terest at the rate of seven & per cent?
per cent per annum which said inter-
est shall be payable annually at the
Office of the City Treasurer at Wal
lace, Idaho. Said bond shall be issu-
ed in denominations of Five Hundred
($500,00) Dollars each and shall be
numbered from one Cd upwards coIf-
secutively, and each bond and coupon
shall be signed by the Mayor of said
City and attested by the City Clerk.
Each of said bonds so issued to be one
of series Of bonds issued to pay the
cost and expenses of the street and
alley improvements made in said Lo-
cal Improvement District No. I, and
assessed and charged against the lots,
pieces or parcels of land in said dis
trict abutting on the improvements
so made in said streets and alleys, and
the City Council has the right to limit
the number of bonds to be issued to
the actual costs and expenses of the
construction and completion of the
said improvements made in said Lo-
cal Improvement District No. 7 so as
sessed and charged against said pro-
perry in said improvement district
Section 16. That every bond shall
provide that the principal sum there
in named and interest thereon shall
be payable out of the Local Improve
ment District Fund created for the
payment of the costs and expenses of
such Improvement and not otherwise
Section II. That said special as
sessment improvement bond herein
provided for may be issued by the
City to the contractor constructing
the improvements in said Local I'm
provement District No. 7, in payment
thereof for the costs and expenses of
said Improvement, or the Mayor and
Council may sell and dispose of the
same at not less than their par value,
net and pay the proceeds thereof to
the contractor, or contractors con-
said Improvements. Such
bonds shall not be issued in amounts
in excess of the contract price or
costs of the work or improvements
except that the installment coupon
shall include the interest on such in
stallment to the maturity thereof !
The said bonds shall be of the de- |
of Five Hundred ($5OO0O) |
Dollars. The said special assessment |
street improvement bonds of. Local |
Improvement District No. Z, being is
sued as herein provided, to pay for
said street improvements, the cost of
n mn c iss oil,