The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1919-12-19

Louisa shall be pledged for the pay.
ment of the sums realized upon the an.
portionment assessed against the prop.
crty for the cost OF the paying ant
curbing, together with the incldenta
guttering, drainage and sewerage con.
nected with such paving, of said
streets and to use all legal measures
10 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:
Fifth Class and Repeating Section 364s
Chapter SO, Kentucky Statutes. Car
rolls Edition. Approved by the Gov
ernor, March is. 1912, and being Sec
ton S64S 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 a 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, rece!v-
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, a separate fund
TO be known as the Street Improve
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.
The City Treasurer shall be RESPONSE
hle under his official bond for the
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 specific allowance therefor
which shall be done only by the fav-
cradle 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
may at any time after
the assessment for said improvement
is made, pay OF in fun the whole
amount UP to and including the nest
ensuing date provided for the payment
Of said City taxes, and the lien der in
esta blished 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 be apportioned
% the new owners by the City Clerk
by the rate of the feet front
IF such lot or lots or parcels 10 the
original tract. To make more specific
md clear the above provision for pay
nent in full. any owner of property
fronting or lbuttfng or bordering upon
said Improvement may pay his entire
in fun within thirty 800
lays after the levy of same and the
len against his said property for said
shall he satisfied by such
payment.
Section 8, ANY owner OF property
Injected BY this ogdinanco who shall
elect to pay upon the ten year bond
,lan ut the completion of said improve
nent shall he required TO pay one
.enth CI-l0) of the tax with interest
1t the rate of six per cent per annum
IN the entire tax AT the time fixed by
avs for the payment of general city
axes, occurring next after the eNpira
lion Of thirty 800 days allowed for
payment in cash, and annually there
liter one-tenth G.-10) of the entire
AK with interest ut the rate OF six
ger cent per annum on the remaining
unpaid portion Of the tax until the en-
ire tax IS paid in full
All nstallments of such special as
sessments AMI interest shall be placed
IN the tax duplicate with other taxes
IF persons liable for such special as
easements; and the tax bills for such
,pecial assessments may, in addition
o tine other remedies given by law, b
;old and collected therefor. enforced in
he manner provided by law of the
collection of Municipal Taxes In de-
,ault of payment OF any installmcnt OF
ak or interest for thirty t30) DAYS.
he City may by suit in equity, enforce
is lien together with all unpaid in +,
;tallments, with Interest Mt the said
ate thereon TO date of satisfaction
hereof and its cost expended. IL any
property subject TO such local tax De
Iwned ny an infant, or incompetent
person, or by life tenant, the agree-,
nent herein provided for may be ex
,cuted nv the guardian curator or
with the same effect as II
Executed by person free from dis
tbility. or by the life tenant.
Section 9. The first series OF the
,onds with accrued interest on all
Ieries shall be due and payable one
month after the date on which the
irst installment of the tax becomes
lue as provided in preceding section, /
md the remaining series of bonds shall !
,e die and payable one each year
for nine years The bonds
hall have the names of the streets 4
md public ways hereinbefore given,
OF the Improvement Of which they are
ssucd printed, engraved or written
hereon, and shall state the character
Il the Improvement. They shall bear
interest at the rate of six 90 per cent
Ter annum from date of February l.
900 and shall have suitable coupons
.ttached thereto, evidencing the annual
interest.