The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1920-09-17

such engineer as said council NAV am
lp,oy ior such purpose, and the Town
ana directed to advertise for bids for a.
I,ns SAID Improvement by contract said
plus 10 De In duplicate and to he IN ali
lrespects as required by law and the nrn-
IOroville. VI 'ie IoWh OF
me contract for said Improvement shall
lprovide that the same shall be comnated
anS an ig .liings IN accordance with the plans
anu SPECIFICATIONS herein referred 10 and
snail also provide that the contractor for fo,
lnakihg said improvement shall ac.
leept the bonds hereinafter provid-
Imsnt n1r "a az par anu accrued interest in pay
l,nent Oh the contract price for such work
70 tne extent of such bond issue. If the
Iown snail so elect and the balance r.
hiny; tbo OF % suoti contract price shall be paid
designated by the Town Council No con.
tract herein provided for shall go into
leiiect IN SO far as the Town is concerned
lor oe plhuihg upon 1t. until the assess,
ment herein provided for shall have been
confirmed '"'' oeeh
section .. AS soon as possible after the
taxing effect of this ordinance and within
smehty I'VE uays after the contract for the
saiu Improvement has been let. the Com
mittee on Public improvements shall pre-
pare an assessment roll which shall be in
al respects as provided for in Section Is
lvilie and such assessment roll shall be
MADE and all things pertaining thereto
shall be done in accordance with the
provisions of said ordinance and the stat
utes OF the State of Washington, and said
Iassessment when the same shall have
been confirmed by the Town Council
shaii be a lien on the property of the as
sessment district and together with the
Iuellnquent interest and cost which may
hereafter accrue until the same shall have
been paid and discharged and shall be a
paramount and superior lien to any other
lien or incumbrance whatever Heretofore
liun
general taxes.
The Town Treasurer shall, as soon as
the assessment roll has been placed in
ibis hands for collection, publish a notice
that said assessment roll is in his hands
flor collection, which notice shall conform
ito and be published in the official news
ipaper for the time and in the manner re-
lquired by ordinance and the statutes of
the State of Washington.
| Section q. That the said assessment
Ilevied for the purpose and in the manner
Iaforesaid. which shall not have been paid
|within the time prescribed by law or ord
finance of said Town, shall be paid in ten
uO) equal installments. together with in
lterest on all unpaid installments. at the
Irate of per cent annually from the date
fixed for, the payment of the first in
Istallment thereof.
Section 7. There is hereby created a
Fund to be known as Local Improve
ment Fund No. a. into which shall be
jpaid the aforesaid assessments as and
lwhen directed by the ordinance confirm
ling said assessment. and the assessment
troll thereof, and said fund Is created for
the purpose of redeeming the bonds issu-
ed in payment of the cost and expense of
said improvement as herein provided and
from which shall be paid said bonds to
the extent thereof, and in no event shall
the Town of Oroville be liable for the
payment of said bonds or any part there
Iof.
| Section 8 For the purpose of making
payment of the cost and expense of said
Improvement there shall be issued by the
Town of Oroville its negotiable bonds. as
Iprovided In Chapter 9S of the session
bearer. provided in the ordinance con-
firming the assessment roll, and bearing
interest at the rate of per cent per an
mum, PAYABLE annually, which said bonds
/ Bonds District No. p. provided the town
reserves the right to call and pay any
of said bonds according to their numerical
torder as provided in the act referred to-
whenever there shall be ufficent money
on hand in the fund herein designated to
lpay any of said bonds. and bonds shall be
issued in an aggregate amount to equal
the amount of special assessments, levied
as herein provided for, and shall be of the
denomination of $............, as herein
lprovided each, except that one bond may
lbe for such less sum than $4,000 as
imay be necessary to make the issue cor
respond with the total amount OF special
assessments levied as herein provided
and provided, also, that the first bond
may be for an amount equal to the
amount of cash on hand in the fund from
which the same are payable as herein
provided at the time of issuance OF the
same. -
Section g. The committee on public i'm
movements, with the assistance of any
| Engineer which may be employed as
therein provided, is hereby directed to pro-
| ceed with said improvement, as soon as
the bonds of said Local Improvement
district No. shall be issued, negotiated
and sold, unless the contract for said I'M
provement shall provide for the delivery
of said bonds to the contractor, IN pay
Iment thereof and the contractor con J.,
structing the same shall accept sald
lbonds in payment thereof. in which event
the Town Council shall provide that such
lportion of said bonds as may be proper
Under the terms of said contract shaii pc
delivered to said contractor during the
lprogress of said work at not less thail
their par value and accrued interest,"
thereon. 49,, .,,o,,art
lshall have been made and constructed ana
lapproved by the engineer IN cnaTge rgennil a.i'
the Council shall fix time LOT the nSai :,aa,
ling and cause notice thereol 10 70 sinu ;e,
to all persons interested that saiu III, IN,
inrovement has been completed ana con ,
strncted according to the terms OF salu
contract. and that all objections TO ane
Iacceptance of the same as coinpleteu a. =.
lcording to the terms tern onsidsred oi sa1 at said
hearing. which hearing shall not De ies'
than six days from the date OF the me pHf9;- ppSf;-
liication of the notice thereof IN the 9 o. if
lnial newspaper of the said Town anu "a "a
Lar the said hearing it shall appear 10 ,, ss.I''
lSonncil that said Improvement conioIdnt ~
with the requirements of said said. eontsnf' ondant
said council shall make an order accept
ling the same , Inonrovement
Dietrict No 4, hereby created ana es'au- a.,
liisbed is the same improvement anu III, ~.
lnrovement district contemplateuc. anu s,ied
ferred to in that certain petItlon iiieu er
With the Clerk of the Town OF crowns ltae,. ",
the e" nth day of May 1920. and ND c9mten,i 9a u,
nIated by resolution of the lztn oay ny O oi
Pmiv 1920 that all terms used IN any any, o.
tuS' the 'nroceedings relating to SAID ptUpeff r'ef
sition and improvement shall be cohSsruv. ne nr-
oa r. give force and effect 10 tI,s " n
Sinance and all proceedings pertaining u
said improvement. ,,,onoe shall take
ssaot and be in force from ana altel alssioia Ia
nassage and publication ln,,;,,a N .
pawspaner paSSa of the Town of Oroio, OroviliIe, Cant
ne%spaIde'F passed First and Second reading sept
G. 1920. o,,oa cent 49, 1920.
p,h,ished Sept. II, 1920, ,,avor
, ,.tast F.. r. HOOSE, Clerk