, 1925-04-22
FAC SMILE SIGNATURE)
Town Clerk.

~ EANAlAaL sAAFaNa y / OINN-l
CFAC SMILE sIGNATURE)
Town Clerk.
Section 6: The said bonds when ex-
ecuted shall be sold by the town trea
surer at q price not less than the par
value Of said bonds. Tor the construc-
ton of said Improvement in said dis
trict, and for costs and expenses of
such Improvements, but no purchaser
shall be under obligation TO see to the
application of such purchase price,
and when so issued said bonds shall
transfer to the owner or holder there
of all the right or interest of the town
of Cody in or with respect to every
assessment and the lien thereby Great
ed against the property wner assess
ed who shall not have availed them
selves of the provisions of law in re-
gard to the redemption of their prop
erty and shall authorize the owners
and holders of said bonds to receive,
sue for and collect every such assess
ment embraced in any such bond, by
or through any of the methods pro-
vided by law for the collection of as
sessments for local improvements and
the town of Cody hereby pledges it.
self to such bond holders the exercise
of all it, corporate powers in the col
lection of the assessments levied for
the payment of said bonds.
Section 7: That the whole costs or
expenses of such improvements and
apportionment of same as heretofore
set forth in the assessment roll made
out in accordance with the provisions
of said New Ordinance No. 10, adopt
ed and approved the oath day of Feb
ruary, 1925, and filed in the office Of
the town Clerk on the 23rd day of
March, 1925, are hereby assessed a.
gainzt the lots and parcels OF land in
cluded within such Improvement dis
trict, and against such persons and in
the proportions and amounts ~severally
set forth in said assessment roll, which
* hereby specifically referred to and
made a part hereof the same as
though fully set forth at length here
in.
Section s.: That the sum hereby
charged against each said lot or par
eel of land as set forth in the assess
ment roll may be paid in ten equal an
nual installmentS, with interest upon
the whole sum so charged at the rate
of six per cent per annum.
StNL4OH o. IlIl ali dSStS1llltllN% 81
levied for the costs of improvements
in said Cody Sanitary Sewer District
No. 9 not paid in full within thirty
days after the first publication by the
town treasurer of the notice of certi-
f~cation of the assessment roll provided
for in section 2 of this ordinance,
shall be due and payable in ten equal
installments, the first of which shall
become due and payable n year af-
ter the expiration of the said thirty
day period after the publication of the
said notice as aforesaid and on the
same day in each year thereafter one
such installment, together with the in
s%terest due thereon and all of the I'M
paid installments shall be due and
payable as provided by law. The own
er OF any property in said district may
redeem the same from liability for the
unpaid amount of said assessments at
any time by paying all the INSTALL
ments remaining unpaid, with inter
est thereon to the date of the matur-
ity of the installment next falling due.
Section 10: That all assessments
and installments thereon when delin-
quent, in addition to the interest
charged, shall bear a penalty of five
per cent to be included and become a
Section II: That said assessments
together with interest theron at the
rate TO six per cent per annum until
the maturity of the inStallments pro-
vided for in Section s hereof, are
hereby declared to be n lien in the
several amounts assessed against each
lot, parcel or tract of land in said as
sessment roll described from and af-
ter the time the said assessment roll
is placed in the hands of the town
treasurer, and shall have priority over
and be paramount and superior TO all
other liens except the lien for general
taxes. All payments shall be made to
the town treasurer, who shall receipt
therefor, and all assessments so paid
shall be applied solely to the payment
of the costs and eNpenes of improve
ments in said Cody Sanitary Sewer
District No. 3, or in redemption of the
bonds issued therefor.
Section 10: All ordinances, parts Of
ordinances in conflict with this ordin-
ance are hereby repealed.
Section l3:lt appearing that an en-
Urgency exists and the town council
50 finds and declares, this ordinance
shall be in full force and effect from
and after its passage and approval.
PASSED AND APPROVED this
goth day Of April, 1925.
L, c. TRUEBLOOD, Mayor.
Attest;-G. W. TRUEBLOOD, Clerk.