National Republican. (Washington City (D.C.)) 1872-1888, 1873-07-14

ACTS AND hESUbUTlVNS
Passed a, tho Fsr., session OF the rhird
legislative Assembly Of the District or
Cola hin.
An .Aor for extending the time Of payment
Of special assessments, and for other pur-
poses.
BE Il enacted by he Legislative Assembly Of
g District of Columbia, That for the pur-
70 Of extending, as In this act provided,
stime Of payment Of the assessments for
nal improvements within tho District,
hoaby the Board OF Public Works, the said
usc pre- hereby authorized to issue, and TO
obllgy In the discharge Of outstanding
worf ps, certificates OF Indebtedness for
and chp under the direction Of the board,
ated ibA able TO tho private property bene-
lars, or s,y In denominations OF nfty dol
nrst e,a.pultiple Of that sum, dated July
nav,,is hundred and seventy -thrcc,
aIly Iror W Isrer with interest scmi-annu..
soy.n, ~. 80 first, eighteen hundred and
per . any, umfcet the rate Of eight per ccntum
ers ~ ,hn .,,,p ssersiguedf for the commission
comptroller Of tLnnnaa, nsu n aa " W..
exceeding in all II ann ~ two million. ~" ot
dollars, aud not exc dina tho amount charge.
work donpp ' ~ ~ nPoerty. as aforesaid, Tor
c,is,in uon noa y, IN Of execution under
ing onenh Of said ok re n sos ofc Sssh
year, rom July nrst elg.een bnndrcd and
sevonty three, until July 81 ajah,aan hnn-
dred and seyenty-clght, Mich certiaca,e.
shall DO receivable at any tie in payment oi
eusn assessments for special kproyemcnts.
sec. =. And Dc Il Jurfser ended That, for
.hc purpose Of securing the paNnent 81 tbe
principal and interest Of such cs,,acoies NY o9
Indebtedness, the Board OF PublicyVnrLs arc
herroy required TO deposit with the commiss
s,oIers Of the sinking fund Of Tho Dstrict ~
Columbia all certificates hereafter issucd nv
ta'u board on account OF asse,smcnts az
special improvements against IN, properly
adjoining and benefited thereby, IA ACCORD.
nncc with the act of the Legislative Assem-
oy OF Auguft tenth, eighteen hundred and
Seycnty-one, and such assessment Certificates
and all payments thereon shall be, and here.
" are, pledged to, and shall DO received.
held and applied, under the direction Il said
commissioners, for tho payment Of the rrin-
cipai and interest OF tho certificates OF In
debtedness authorized by this act and for no
othcr use or purpose whatever.
=, sec, y. And Dc further enacted, That tho
time Tor paying all assessment certificates
wnlcn NAYS neon or may DO Issued by the
soafu OF Publlc Works under said act OF the
Legislative Assembly OF August 10, 1871, shall
De EXTENDED so that the amount OF zach GER
tlncate shall be payable In hve equal annual
insaiimcnts from the date OF said certificates
Win interest o. inc rate OF ten per centrum
per annum until paid, and In ease Of default
IN inc payment OF any installmont tho prop
Srty against which the assessment and certi-
HCnte eNIsta mr. tnuch tharc0f aa n,av IN.
necessary n nav said instailmc,t With in.
terest. costs and charvcs sbaii hr soiJ ana
subject 10 REDEMPTION as provided In AMID
the making Of anv ,assrssmcnt and bcfora
sale, tho owner of The property NAV nav tl,e
whole or auy installment thereof. with in
tercst, costs and charges.
Bee, 4, And b. n further enacted That nil
assessment certificates heretofore issued by
the Board Of Public Works and not paid IN.
full al Inc expiration Of one wear from their
date, shall. on rcuuest Of the holders. and on
due assignment thereof. bo purchasctr by The
commissloncr of tho sinking fund. and held
aud collected on their account ma proyided
BY sections two and three Of this act. and II
necessary TO provide means for purchaslnv
said asses,ment ccrtlncatss. tho Board q
Public Works arc hereby authorized aud re-
ouired upon reonisitIon Of said commission-
crs 10 make an additional issue of certiacates
of Indebtedness slmilnr 10 thoso authorized
by section one of this act not exceedlnr Tho
amount Of assessment ccrtiacstes no i,ur-
chased.
Sec, s. And belt further enacted That tho
commissioners of tho sinking fund nre hereby
authorized 10 prcscribo proper rules and
regulations 10 order 10 eifectuaIly secure Tho
application Of Inc proceeds of such assess-
ment certificates as In this act provided. 10