The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-06-24


land included within said local i'm.
{ proVement district NO 9. for each yea
as shown by said assessment roll anI
the tax collector shall place the sam,
ON the proper tax lists 10 be collected
in the manner provided by law for the
collection OF state and county taxes
in ShOshOne county state of Idaho
and i'm an sales for delinquent taxes
Tor municipal purposes. if there be
|other delinquent taxes from the same
person. or lien upon the same prop
erty. such sale shall be for all delin-
iQuent taxes. and such sale and all
sales made under and 10y virtue of
this section of the provisions of law
herein referred to shall be of the same
ed 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 collectable
each year shall be one of each annual
installments with interest due there
ON, together with the interest on all
installments thereafter to become due.
and the whole to be collected as a
separate special tax i'm the manner
provided by law and this ordinance
fer the collection OF such assessments
Where no bonds are issued
Section H. That ror the purpose
oi providing for the payment OF the
cost and expenses of said street and
alley improvements made i'm said To-
/ cal Improvement district No. o. ass
above described wherein the costs and
/ expenses 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 improve
ment district No. 9. which improve
ment bonds shall be issued i'm the name
Of the city of Wallace and shall be
known and designated as Special as
scssmcnt street improvement bonds of
local Improvement district No. g."
Section Is. That said local improve
ment district No. bonds shall be pay
able on or before ten GO years from
date thereof and shall bear interest
at the rate of seven co per cent per
annum which said interest shall be
payable annually at the Office of the
city treasurer at Wallace. Idaho. Said
bonds shall be issued in denominations
of five hundred (S5000O) dollars each
and shall be numbered from one CD
upwards cOnsecutiVelX, and each bond
and coupon shall be signed 10y the
mayor of said city and attested by the
city clerk. Each of said bonds so
issued to be one of a series of bonds
issued to pay the costs and expenses
OF the street and alley improvements
made in said local Improvement dis
trict No. 9, and assessed and charged
against the lots, pieces or parcels of
land i'm said district .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 construction and com
pletion of the said improvements made
i'm said local Improvement district No.
so assessed and charged against
said property in said improvement dis
trict.
Section 16 That every bond shall
provide that the principal sum there
in named and interest thereon shall be
payable out of the local Improvement
district fund created for the payment
of the costs and expenses of such i'm
provement and not otherwise.
Section H. That said special as
sessment Improvement bond herein
provided for may be issued by the city
to the contractor constructing the
improvements in said local improve
ment district No. 9. in payment there
of for the costs and expenses of said
improvement. or the mayor and coun-
ell may sell and dispose of the same
at not Tess imam lltli 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
the installment coupon shall include
the interest on such installment to the
maturity thereof The said bonds
shall be of the denomination of five
hundred (S5O0OO) dollars. The said
special assessment street improve
ment bonds of local Improvement dis
trict No. O. being issued as herein pro-
vided to pay for said street improve
ments the cost of which improvements
is charged by special assessments
within the said local Improvement dis
trict NO. 9. the MAYOR and council shall
levy special assessments each year |
against said property included with /
in said local Improvement district No 7
g. sufficient to redeem the installments /
Of such bonds next thereafter matur-
ing, and i'm computing the amount of .
special assessment to be levied against .
each lot, piece or parcel of land LA /
BILE therefor interest thereon at the /
rate of seven CD per cent per annum, /
from the date of issuance of said bonds /
until the maturity of the nstallments /
Of bonds next thereafter maturing shall /
be made upon the property chargeable .
for the costs of such improvements /
and shall be levied and /
collected in the same manner as pro-
yided by the law and the ordinances /
IN this city for the levying and col
Getting of special assessments for such
Improvement where no bonds are is
sued, except as otherwise provided by
his ordinance. The basis of such as
sessment whether upon such assessed
raluation frontage or otherwise LA
Die for such costs shall be retained for
he assessment of succeeding install
nents Of said bonds.
Section Is. TIE owner of any piece
If property in said local Improvement
district No 9, liable for any special
assessment herein provided. may re-
leem such property from such liability
~ paying the entire assessment
,hargeable against his property ac-
'ording to said assessment roll (upon
he city clerk having published a
printed notice in three 80 consecu-
i've issues of the official weekly news /