Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1920-05-21

District. and to enhance and inereas
the value OF such property in such
Local Improvement District in pro-
portion to the burden placed upon
such property by special assessment
as hereinafter provided and in
crease and enhance the value OF
the property in the Village OF oro-
fino. generally in propoI ION to
expenses incurred by the village
of Orofino at large, and to general
ly benefit and improve the SAID
Village.
Section 8. That it is the in
tention of the Chairman and the
Board of Trustees of the Village
of Orofino, to pay for 50 improving
the spaces in sidewalks and curbs
formed by the junction of two or
more streets and wherein one main
street terminates in or crosses an
other main street. and for the con-
siderable, general and special bene-
fit therefrom resulting to the Viii
lage at large, 13.43 per cent OF
the total cost of the said improve
vent out of the general funds OF
the Village, said amount constitut-
ing the full and actual cost OF that
part of the said Improvement.
| Section g. That it is the inten-
ton of the Chairman and Board OF
Trustees of the said Village to is
sue negotiable improvement bonds
of the said Local Improvement Dis
trict to the persons and contractors
making the said Improvements tor
issue and sell the same for cash
and pay the. proceeds to such per-
sons or contractors, if the Chair
man and Board of Trustees shall
deem such course more advantage
GUS or expedient). for the purpose
of paying the cost of the said i'm
provemept, less the amount to bt
paid and chargeable to the Village
at large, as aforesaid. that sucf
special improvement bonds will bt
issued in anticipation of the col
lection of the installments of the
, assessments and will be issued as
the obligation of said Local I'M
provement District. by the Village
of Orofino, as the agent of the sale
, Local improvement District, and
the same shall not be charge
against the Village at large; tina
such special improvement bonds
: shall bear interest at the rate of
per cent per annum from the dat
of issuance until paid, and shall
be paid annually in ten equal an
: nual installments: that such bonds
shall contain such provisions ant
recitals as are authorized by law
: and as are best calculated to in
/. crease the value thereof
Section 10. That it is the in
/. tention of the Chairman and tn
/. Board of Trustees to make specia
assessments herein contemplated
: payable in ten equal annual install
|. ments; that the date when the re
spective installments shall becom
o due, payable and delinquent shal
], be fixed and determined as by Law
/ required that all installments shall
bear interest at the rate of 6 pc
) cent per annum from date of tn
issuance Of the bonds as provide,
:. in Section hereof. until the dat
fixed for the payment of the re
J. spective installments. and If no
l. so paid upon the dates respectivel
fixed, all delinquent installment
J. shall bear such interest and penalt
i as are by law required.
Section IL. That for the con
J. venience of making such assess
j. ments and ascertaining the benefi
received by the several lots an
N parcels of land within the sal
. Local Improvement District. it
: the intention of the Chairman an
) the Board of Trustees of the sal