Cañon City record., 1906-01-11

College avenues; thence westerly to the center
Of 4th street. thenee sontheriy along me s esntes
avenue; thence westerly along the center o.
oollege avenue t1 point a. the s~n,tsrly westerly
along the westerly boundary of lot ID, in block
49, to the center Of the alley between College
center of the alley to point on the west bound
AIRY of the N. L. 4 of Sec. Sz-ls-s0; thence
% see 81 f 20 10 f the ss Center OF Rudd avenue;
thence westerly to a point where the said cen
ter of Rudd avenue would intersect the westerly
plat: thence southeriy to the center Of Harrison
avenue; thence westerly to where the said CEN
w Westerly e u bounding Of % lot is bioct Is, Original
plat; thence southerly along the said westerly
Harrison and Greenwood avenues; thence east
erly along the center of said alley TO the
westerly Boundary Of lot l. block %, orginsi
lot l, block s, the place of beginning.
Sec. " Said assessment shall be
payable within thirty days from the
date of the publication OF this ordi-
nance, without demand, provided that
said assessment may, at the election
of the property owners of the prop
erty assessed. be paid in installments
with interest thereon at the rate of
five per cent. per annum, as is by
law provided. Failure to pay the
whole assessment within said period
of thirty days shall be conclusively
considered and held an election on
the part of all persons whether under
disability or otherwise to pay in such
installments. In case of such election
the principal of said assessments shall
be payable in sixteen equal annual
installments, the first of said INSTALL
ments being due and payable on the
first day of March. 1911, and the re-
mainder of said installments being due
and payable successively on the same
day of each year thereafter until paid
in full, with interest In all cases on
the unpaid principal and on the un-
paid principal of each of said install
ments until maturity thereof at the
rate of five per cent per annum pay
able semi-annually on the first day OF
March and the first day of September
of each and every year beginning with
the year A d. 1907. Failure to pay
any installment, whether principal or
interest when due, shall cause the
whole of the unpaid principal to be-
come due and payable Immediately,
and the whole amount of the principal
unpaid, and accrued interest shall
thereafter draw interest at the rate
OF one per cent. per month Or frac-
ton OF a month until the day of sale;
but at any time prior to the day OF
sale the owner may pay the amount of
all unpaid installments with interest
at the rate of one per cent per month,
or fraction of a month, as aforesaid
and all penalties accrued, and shall
thereupon be restored the right there
after to pay in installments in the
same manner as II default had not
been suffered.
The owner of any piece Of real es-
tate, not In default as to any Install
ment, may at any time pay the whole
unpaid principal with interest accru-
ing to maturity of the next install
ment, provided that payment may be
made to the treasurer of the City of
Canon City at any time within thirty
days of the date of the publication of
this ordinance. and in such case an
allowance OF five per cent. shall be
made upon all payments made during
such period only