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

nrmed, the ices or the Court and the
Clerk of the City for copies of the
record shall be taxed against the ap-
Ipellant with other costs.
Section II. AN 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-
lty for collection, subject to the same
penalties and collected in the same
manner as other City taxes
Section 10. 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 No. z 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.
Z, may be paid in ten 10) equal an
nual installments with interest upon
the whole sum so charged as an as
sessment 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
collectable 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
by law. Section 2265 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
| OF Shoshone County, the amount of
said special assessments herein pro-
vided against the lots, pieces and. par
cells of land included within said Lo-
cal Improvement District No. 7, for
each ayear 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, and in all sales for
delinquent taxes for municipal pur-
poses, IL 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 eand 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
all respects be deemed and treated as
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 jnstallments 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
Cor 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
charged 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 there
to, and included in said Improvement
District the City Council shall issue
and dispose of special assessment
street Improvement bonds of Local
Improvement District No. 7, which
Improvement 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, IT,
Section Is. 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 G 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
($50O.O0) Dollars each and shall be
numbered from one % 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 Lo-
cal Improvement District No. 7, 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
and completion of the
sald improvements made in said Lo-
cal Improvement District No. so as
sessed and charged against said pro-
perty In said improvement district.
Section 49, That every bond shall
provide that the principal sum there
m named and interest thereon shall
De payable out Of the Local Improve ;
nent District Fund created for the
payment of the costs and expenses of
such Improvement and not otherwise.
Section II. That said special as
'essment improvement bond herein
provided for may be issued by the {
City to the contractor constructing '
he improvements in said Local I'm a
,rovement District No. 7, in payment a
hereof for the costs and expenses of e
aid improvement, or the Mayor and {
'ouncil may sell and dispose of the a
anne at not less than their par value, t
Jet and pay the proceeds thereof to
he contractor or contractors con- 4
trueting said improvements. Such
onds shall not be issued in amounts
excess of the contract price or
osts of the work or improvements,
kept that the installment coupon
hall include the intarest on Suob IN