The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-07-01

against the lNlSi pieces ana ltticciS o.
land included within said local inn
t proveuent district No. 9. for each yeai
as shown 10y said assessment roll ano
the tax collector shall place the samS
ON the proper tax lists 10 be collected
i'm the manner provided 10y law tor the
collection OF state and county taxes
/ i'm Shoshone county state of Idaho
and I'M an sales Tor delinquent taxes
for municipal purposes. NJ there be
other delinquent taxes from the samt
person. or lien upon the same prop
.erty. such sale. shall be for an delin-
Quent taxes and such sale and all
sales made under and 10y virtue of
this section of the provisions of law
herein referred to shall Ice of the same
validity. and i'm AN respects be deem
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 colectable
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 he collected as a
separate special tax i'm the manner
provided 10y law and this ordinance
for the collection of such assessments
where mo- bonds are issued
Section "a. That ror the purpose
cost and expenses OF said street and
alley improvements made I'm said To-
cal Improvement district NO. 9, aS
above described wherein the costs and
expenses OF said improvements are
charged 10 the lots. pieces or parcels
of land fronting or abutting ON said
portions of said streets or alleys inn
proved, contiguous or tributary there
to, and included in said Improvement
district, the city council shall issue aud
dispose of special assessment street
Improvement bonds of local improve
ment district No. o. which improve
ment bonds shall hc issued i'm the name
of the City of Wallace and shall be
known and designated as Special as
sessment street Improvement bonds of
local improvement district No g."
Section Is That said local improve
ment district No. 9 bonds shall be pay
able on or before ten GO) years from
date thereof and shall bear interest
at the rate of seven ca 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 i'm denominations
of five hundred (s50000) dollars each
and shall be numbered from one Cd
upwards cOnsecutiVely. and each bond
and coupon shall be signed by the
mayor of said city and attested by the
city clerk. Each of said bonds so
issued to be one of series of bonds
issued to pay the costs and expenses
of the street and alley improvements
made i'm said local Improvement dis
trict No. 9. and assessed and charged
against the lots. pieces or parcels of
land in 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
4
pletion of the said improvements made
in said local Improvement district No.
so assessed and charged against
said property in said improvement dis
trct.
Section l6. 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 he 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 less than their par value. net
anu pay lHc pIoceeuS lutieOl 10 llt
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 (S50O00) dollars. The said
special assessment street improve
ment bonds of local Improvement dis
trict No. 9. being issued as herein pro-
vidcd. to pay for said street improve /
ments. the cost Of which improvements /
is charged by special assessments !
against the specific property included /
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. /
Q. 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 liza /
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 installments /
of bonds next thereafter maturing shall
be included. Such assessments shall
be made upon the property chargeable
for the costs of such improvements
respectively. and shall be levied and
in the same manner as pro-
vided by the law and the ordinances T.
in this city for the levying and col
Letting Of special assessments for such
improvement where no bonds are is
sued, except as otherwise provided by l.
this ordinance. The basis of such as
sessment whether upon such assessed
valuation frontage or otherwise LA
bic for such costs shall be retained for
the assessment of succeeding install
ments of said bonds.
Section IS. Tire owner of any piece
Of property in said local improvement
district No 9, liable for any special
assessment herein provided, may re-
ieem such property from such liability
by paying the entire assessment
against his property ac-
1ording to said assessment roll (upOn
the city clerk having published
printed notice in three 90 cOnsecu-
tive issues of the official weekly news