Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1923-11-23
Chairman of Board of Trustees,
Attest:
Fac-Simile signature)
Village Clerk.

village Clerk.
SECTION 5. That said bonds when
executed shall be delivered to the
purchaser thereof, at the contract
price therefore, hereafter agreed up
on between the Village and said pur-
chaser, the same being not less than
par value of said bonds, net which
sale is hereby ratified and con-
firmed, and the proceeds of said
bonds shall be paid to the contrac-
tor constructing said improvements
in said district but said purchaser
shall be under no obligation to see
to the application of said purchase
price. And when so issued said
bonds shall transfer TO the owner
or holder thereof all the right and
interest of the Village of Mountain
Home in or with respect to every
assessment and the lien thereby ere
ated against the property owners
assessed who shall not have availed
themselves of the provisions of law
in regard to the redemption of their
property, and shall authorize the
owners and holders of said bonds to
receive, sue for and collect every
such assessment embraced in any
methods provided by law for the coli
lection of assessments for local inn
provements; and the Village of
Mountain Home hereby pledges to
such bondholder the exercise Of all
lawful corporate powers in the col
lection of the assessments levied for
the payment of such bonds.
SECTION 6. That the whole cost
and expense of such Improvement
and the apportionment of the same,
as heretofore set forth in the assess
ment roll made out in accordance
with the provisions of said Ordinance
Nd PIG, adopted and approved the
9Th day of October, A. ID. 1922, and
filed in the office of the Village
Clerk on the 18th day of July A. d.
1928, are hereby assessed against the
lots and parcels of land included
within such improvement district
and against such persons and in pro-
portion and amounts severally set
forth in said assessment roll, which
is hereby specifically referred to and
made a part hereof, the same as If
set forth at length herein.
SECTION z. That the sum here
by charged against each Of said lots
or parcels of land as set forth in the
roll may be paid in ten
(1O) equal annual installments, with
interest upon the whole sum so
at the rate of seven per cent
um CD per annum.
SECTION 8. That said assess
ments, together with interest there
On at the rate of seven per eentum
% per annum from October IS,
1928 until the maturity Of the in
3tallments provided for in section z
hereof, are hereby declared to be
lien in the several amounts assessed
against each lot parcel or tract OF
land in said assessment roll de-
,cribed, from and after the publica-
ion OF this ordinance, and shall have
over all other liens, ex-
sept the lien of general taxes. All
payments shall be made to the viii
Iage Treasurer, who shall receipt
therefor, and all sums 50 paid shall
be applied solely to the payment of
The cost and expense of the improve
nent made in said Local Sewerage .
District Number Four
and the redemption of the bonds is
sued therefor.
SECTION 8. All ordinances or
parts of ordinances in conflict with
This ordinance are hereby repealed.
Passed BY the Board Of Trustees
Of the village of Mountain Home,
Idaho, the 18th day of November,
A. ID. 1928.
Approved by the Chairman OF the
Board of Trustees of the Village of ]
Moutain Home, Idaho, this 18th day
Of November, A. d. 1928.
Approved:
F. w. BENNETT,
Attest: Chairman.
A. F. ANDERSON. Clerk.
- $780,, r,svvr-. vryrrxr