The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1919-12-26

hOuiSa Sntii De pleuBed Tor the pay.
ment of the sums realized upon the APP.
: portionment assessed against the prop
, erty for the cost of the paying anC
: curbing, together with the incidental
guttering. drainage and sewerage con.
nected with such paving. of sale
; streets and to use all legal measure.
TO enforce the collection of the appor.
, tionments, in accordance with the pro
visions of Act of the General Assembly
of the Commonwealth of Kentucky. to-
wit:
IAN Act relating to Cities of the
Fifth Glass and Revealing Section S643
Chapter SO, Kentucky Statutes, Car
rolls Edition, Approved by the Gov
ernor, March IS. 1912, and being Sec
tion 364S of the Kentucky Statutes.
And said bonds shall be payable and
redeemahle not on the faith and credit
of the said City, but out of and Sc
cured by lien on the assessments to
be made and apportioned against said
lots and part of lots or lands fronting
or abutting or bordering upon the said
streets and public ways herein ordered
TO be impoved. All money paid, receiv-
ed or collected upon the assessments.
as in this ordinance provided, and in
terest on the deferred annual pay
/, ments, as provided in said Act. and all
money arising from the sale of bonds
(, herein provided for, shall be kept by
the City Treasurer in separate fund
to be known as the Street Improve
I ment Fund" and said bonds shall be
paid out of the amount realized upon
said assessments to be made and APP
| portioned as hereinbefore mentioned.
I The City Treasurer shall be RESPONSE
BILE under his official bond for the
I money accruing and received by him
| hereunder and for the faithful per-
Torrance of the duties herein required
| of him. and he shall not be entitled To
receive any compensation for his ser
vices in collecting taxes provided for
herein, nor for any other services per-
formed hereunder unless theCity Coun-
Gil sees proper by ordinance to make
him a specific allowance theTef ~
which shall be done only by the fay
orable vote of the said Council
1t is further provided that the own
ers Of lots and parts of lots fronting
or abutting or bordering upon said
Improvement, may at any time attiiS
Is made pay off in full the whole
amount up to and including the nest
ensuing date provided for the payment
of said City taxes, and the lien her in
established shall be satisfied by such
payment, and If any owner or owners
shall divide his property so that the
number of feet fronting or abutting or
bordering the Improvement is separat-
ed in small lots or tracts, the lien may
be discharged In like manner upon any
one or more of the separate lots or
tracts by the payment of the amount
thereon, or the lien may he apportioned
TO the new owners by the City Clerk
calculated by the rate of the feet front
OF such lot or lots or parcels to the
original tract. To make more specific
and clear the above provision for pay
ment in full. any owner of property
fronting or dbutting or bordering upon
said Improvement may pay his entire
assessment in full within thirty 800
days after the levy of same and tho
lien against his said property for said
shall be satisfied by such
payment
Section 5. any owner OF property
affected by this ordinance who shall
elect to pay upon the ten year bond
plan at the completion Of said improve
ment shall be REQUIRED to pay one
tenth u-10 of the tax with interest
at the. rate of six per cent per annum
on the entire tax al the time fixed by /
law for the payment of general city
taxes, occurring next after the expira-
ton of thirty C30) days allowed for
payment in cash and annually there
after tenth u -iOj of the entire
tax with interest at the rate OF six
per cent per annum on the remaining
unpaid portion of the tax until the en-
tire tax is paid in full,
All installments of such special as
ana interest shall be placed +
on the tax duplicate with other taxes 1
of persons liable for such special as
sessments; and the tax bills for such
special assessments may. in addition
to the other remedies given by law. D.
sold and collected therefor. enforced ia
the manner provided by law of the
of Municipal Taxes In de-
fault of payment of any installment Of
tax or interest for thirty 800 days
the City may by suit in equity, enforce
It's lien together with all unpaid in
stallments, with interest at the said
rate thereon to date of satisfaction
thereof and its cost expended. If any
property subject TO such local tai, be
owned by an infant, or incompetent
person, or by life tenant, the agree
nent herein provided for may be ex-
4cuted by the guardian, curator, or
committee, with the same effect as If
executed by person free from dis
ability, or by the life tenant
Section g. The first series of the
ponds with accrued interest on all
series shall be due and payable one
month after the date on which the
irst instaIlment of the tax becomes
lue, as provided in preceding section.
ind the remaining series of bonds shall
ie due and payable one each year
for nine years, The bonds
han have the names of tho streets
md public ways hereinbefore given,
or the Improvement of which they are
ssued, printed, engraved or written
hereon, and shall state the character
# the improvement. They shall bear ,
interest at the rate of six (6) per cent /
,er annum from date of February l. 4,
800 and shall have suitable coupons /
-ttached thereto, evidencing the annual /
interest I