Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-09-20

section 2. That lien Is hereby
fixed upon each Of said above de-
scribed parcels 81 property for the
amount asuve assessed against ID aud
that each Of the said owners shall be
personally liable for the amount
above assessed against his property
and that the amount assessed against
the said property and the owners
thereof shall be payable az follows,
to-wit In three equal installments.
lis thereof within 80 days after the
final completion and acceptance by
the city OF said improvements Id on
or before one year from the date oi
said acceptance. and Ia on or before
Swo yeara from said date, together
4 with interest ON said instnliments
from the date Of such acceptance az
the rate OF ) per cent per annumi
! provided that any property owner
against whose property an ussessment
has been hereby Imposed shall have
the option ana shall be entitled 90
pay at any time before maturity any
or all installmsnts with accrued In
tereat TO date OF payment
Section 3. That u default shall be
made IN the payment OF any INSTALL
ment OF principal or interest OF such
assessment when due then such de-
fault shall az the option OF said Texas
Bitulithic Company or It's assigns. be-
ing the legal holder of such ASSESS
ments, al once mature all unpaid as
sesSmcnts together with accrued In
terest which shall be cOllectible with
out notice.
Section 4. That upon payment BY
any property owner OF his assessment
Ia full the city Clerk shall cause "a
be executed by the Mayor and duly
attested by the Clerk the release Of
such assessment.
section 8. That the amount here
in assessed against any parcel OF
property or the owner thereof, to-
gethcr with qi Interest and reason
able costs incurred IN collecting the
same, shall constitute personal
claim against such property owner
and shall be secured by lien on such
property prior 10 an other liens, and
for the security OF the certificates
hereinafter mentioned declaring ths
liability OF such owner or owners ane
their property for She payment oi
said assessment all ASSESSMENTS OIL
reasseasments upon the property al
Il
property which shall be- the first en-
forceable claim against said properu
superior 90 all other liens or ulaiml
except state, county and municipa
taxes and the passage OF this ordi
nance shall operate as constructive
notice OF the liens thereby fixed upOi
the property herein and In said Ger
tificatcs described without other rec
a.Nt ~.
back and take effect as of the dat
Of the original reloiuti9n orderinl
such Improvements.
section 9. Thst said liens shall
enforced IN the Same manner, or a
nearly ar practicable. ia the sam
manntr In which real property mort
gage is foreclosed.
section z. That aseiRnnble certifi
Gates In tho name ~ tho city shal
be issued By the city against eac
parcel ~ property abuttins said ave
nue.. ant the Owner thereof for az
respective amounts assessed aggins
such property and its owner whio
certificates shall he payable 20 ia
Texas biiulithic Company or its az
signs and shall set forth and declar
the amount 90 be paid by each OF sai
owners as herein assessed aRainst IN
said property, and the time and torn
0f payment ps horein provided, an
shall describe the lots or parcels q
property referred 40 therein by mum
Der and hi0ck or other description
that may identify the same, and 81 IA
owner ia unknown on said property
owued ~ an estate. Il shall be- Hufh
cien' t0 80 state the said facts la sal
cefuficaie. The said certificate sha
provide that default IN the paymcr
~ amy installment ~ principal or IN
terost thereon. shall, nt the option {
The Texas fliulithic Company, on m
legal holder thereof, mature tho sal
certificate Tor the fun amount ui
paid thereon, aud that upon said %