The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-07-12

by law for the collection of state an,
Tcounty taxes in Shoshone County
State of Idaho, and in all sales 70
delinquent taxes for municipal pur
poses, il there be other delinquen
taxes from the same person, or liel
upon the same property, such sale
shall be for all delinquent taxes; ant
such sale and all sales made unde
and by virtue of this section of tn,
provisions of law herein referred I,
shall be of the same validity, and il
all respects be deemed and treated al
though the sales had been made FOL
the delinquent State and County
taxes exclusively.
The amount of such assessmen,
which shall be payable and collectiblt
each year shall be one of each. annual
installments with interest due thereon
together with the interest on all in
stallments 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. s, as above de-
scribed wherein the costs and expenses
or said improvements are charged to
the lots, pieces or parcels of land
fronting or abuttng on said portions
of said streets or alleys improved,
contiguous or tributary thereto, and
included in said Improvement District,
the City Council shall issue and dis
pose of special assessment street i'm
prOVement bonds of Local Improve
ment District No s, which improve
ment 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 s."
Section Is, That said Local I'M
provement District No. s bonds shall
be payable on or before ten Q0) years
from date thereof, aud shall bear in
terest at the rate of Seven & PEI per
cent per annum which said interest
shall be payable Annually at the office
of the City Treasurer at Wallace,
Idaho. Said bond shall be issued in
denominations of Five Hundred
($50000) Dollars each and shall be
from One Q upwards con-
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
Local Improvement District No. s. and
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 is
sued to the actual costs and expenses
Of the construction and completion of
said improvements made in said Lo-
cal improvement District No. 5 so as
sessed and charged against said pro-
perty in said Improvement district.
Section 16. That every bond shall
provide that the principal sum therein
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 i'm
in said Local Improve
ment District No. s, in payment there
Of for the costs and expenses of said
Improvement, or the Mayor and COun-
Gil 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 construct
ing said improvements. Such bonds
shall not be issued in amounts in ex-
cess of the contract price or costs of
the work or improvements, except that
N & a
the interest on such installment to the
thereof The said bonds
shall be of the, determination of Five
Hundred ($500.00) Dollars The said
special assessment street improvement
bonds of Local Improvement District
No. 8, being issued as herein provld-
ed, to pay for said street improve
ments, the cost of which improve
ments is charged by special assess
ments against the specific property
included within the said Local I'M
District No. s, the Mayor
and Council shall levy special assess
ments each year against said property
included within said Local Improve
ment District No. s, sufficient to re-
deem the installments 'of such bonds
next thereafter maturing, and in COM
putting the amount of special assess
piece or parcel of land liable there
for interest thereon at the rate of
Seven q pei per cent per annum
from the date of issuance of said
bonds until the maturity of the in
stallments of bonds next thereafter
shall be included. Such as
sessments shall be made upon the pro-
perty chargeable for the costs of such
respectively, and shall
be levied and collected in the same
manner as provided by the law and
the Ordinances in this City for the
leXying and collecting OF special as
sessments for such improvement where
no bonds are issued, except as other
wise provided by this Ordinance. The
basis of such assessment whether upon
such assessed valuation frontage or
liable for such costs shall be
retained for the assessment of sue
ceeding installments of said bonds.
Section IS The owner Of any piece
Of property in said Local Improvement
District No. s, liable for any special
assessment herein provided, may re-
deem such property from such liabil-
ty by paying the entire assessment
against his property ac-
to said assessment roll (upon
the City Clerk having published
printed notice in three ca consecu-
tive issues of the official weekly news
paper, 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 500 days before the issuance