Idaho State Statutes - Idaho Attorney Directory

The said bonds of any local
improvement district as herein provided, when sold as hereinbefore provided,
shall transfer to the owner or holder of such bonds all the rights and
interest of such municipality in and with respect to every such assessment and
the lien thereby created against the property of each owner assessed as shall
not have availed himself of the provisions of this code, in regard to the
redemption of his property as aforesaid, and shall authorize owners and
holders of such bonds to receive and have collected the assessment or
assessments embraced in any such bonds through any of the methods provided by
law for the collection of assessments for local improvements.
Whenever any installment of an assessment or the interest thereon made for
the payment of principal, or interest on such bonds so issued, is not paid
when due and shall become delinquent, the municipality may by a resolution
duly adopted declare all unpaid instalments against any property to pay the
cost and expenses of such improvement to be immediately due, payable and
delinquent, and may thereupon cause a delinquency certificate to be issued
against said property for the whole of the unpaid assessment against it in the
manner hereinafter provided for issuance of delinquency certificates upon any
instalment of such assessment('s) becoming delinquent, and any such council
must pass such resolution upon the written request of the holders of
one[-]half (1/2) of any such bond issue, filed with the clerk.

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