Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1919-07-08

niece. lot or parcel OF land 80 Included
within said Local improvement Dis
trict No. 3, for which bonds herein
provided shall be issued, the assess
ment levy so made against eacn pisce'
lot or parcel of land included witnln
said Local Improvement District NO.
8 may be paid in ten tlO) equal annual
installments with interest upon the
whole sum so charged as an assess
ment according to the said assessment
roll at the rate of not to exceed seven
per cent G. per cent? per annum; tne
said installments shall be due ana col
lectible at the time the state and coun-
ty taxes of Boundary County, state OF
Idaho. are due and collectible. Inc
Village Board of Trustees OF the VII
lage of Boomers Ferry, shall at the
time provided by law, Section 2265 OF
the Political Code of Idaho, and other
laws of the State of Idaho, concern
ing the collection of city taxes by the
county tax collector, cause 70 pc GER
titled to the county tax collector Oh
Boundary County the amount Oh salu
special assessment herein PROVIDED
against the lots, pieces or parceis Oh
land included within said Local I'M
provement District No. for each year
as shown by said assessment roll, ana
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 Boundary County, State OF ldaho'
and in all sales for delinquent taxes
for municipal purposes, If there be
other delinquent taxes from the same
person, or lien upon the same proper
ty. 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 all respects be deemed and treated
as though sales had been made for the
delinquent State and County taxes ex-
clusively
The amount of such assessment
which shall be payable and collectible
each year shall be one of each annual
installments with interest thereon, to-
gether with the interest on all in
stallments thereafter to become due,
and the whole to be collected as sep
arate special tax in the manner pro-
vided by law, and this Ordinance for
] Tic COilCCliOl VI ouSh ehooNSSAAANHNH
where no bonds are issued.
Section 10. 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. 3 as above des-
cribed wherein the costs and expenses
of said improvements are charged tc
the lots, pieces or parcels of land
fronting or abutting on said portions
of said streets or alleys improved, con.
tiguous or tributary thereto, and in
cluded in said Improvement District
No. 3, which improvement bonds shall
be issued in the name of the Village
of Boomers Ferry and shall be known
and designated as Special Assessment
Street Improvement Bonds of Loca
Improvement District No. g."
Section IA. That said Special AS
sessment Street Improvement Bonds
of Local Improvement District No
shall be payable on or before ten Go
years from date thereof, and shall bea
interest at the rate not to.exceed sew
en- per cent G. per cent? per annum
which said interest shall be payable
annually at the office of the Village
L DOHnClo FCil ludhO
Said bonds shall be issued in demon
nations of Five Hundred Dollars
1 ($50000) each and shall be numbered
from one % upwards consecutively
and each bond and coupon shall b.
signed by the Chairman of the Villag
Board of Trustees and attested by tn
Village Clerk. Each of said bond
so issued to be one of a series of bond
issued to pay the cost and expenses o
the street and alley improvement
made in said Local Improvement Dis
trict No. 3 and assessed and charge'
against the lots, pieces or parcels o
land in said district, abutting, front
ing, contiguous and tributary to tn
improvements so made in said street
and alleys, and the Village Board o
Trustees has the right to limit tn
number of bonds to be issued to tn
actual costs and expenses of the con
struction and completion of the sal,
improvements, made in said Local I'm
provement District No. 3 so assesse,
and charged against said property il
said improvement district.
Section Is. That every bond shall
provide that the principal sum there
in named and interest thereon shall b
payable out of the Local improvement
District Fund created for the paymen
of the costs and expenses of such i'm
provement and not otherwise.
Section 16. That said special as
lsessment improvement bonds hereil
provided for may be issued by the Vii
lage to the Contractor constructing
the improvements in said Local I'm
provement District No. in paymen
thereof for the costs and expenses o
said Improvement, or the Chairman
and the Village Board of Trustee
may sell and dispose of the same a
not less than their par value, net, an
pay the proceeds thereof to the con
tractor. or contractors, constructing
said improvements. Such bonds shall
not be issued in amounts in excess o
the contract price or cost of the worl
or improvements, except that the in
stallment coupon shall include the in
terest on such installment to the ma
turity thereof. The said bonds shall
be of the denomination of Five Hun
dred Dollars (s500.00). The sal
special street improvement bonds o
Local Improvement District No. 3 be
ing issued as herein provided 10 nav 70