The daily commonwealth. (Greenwood, Leflore Co., Miss.) 1916-1919, 1917-01-24
AN ORDINANCE.

AN III JlVlHS TIlVllese u
the payment of assessments agains
property and owners thereof, TO,
street paving on Washington Stree
from Howard Street w~estwardly tx
the West Side of Mary Street, ane
adopting the form of note to be Civ
en- and the rate of interest to be paid
Be it ordained by the Council of the
City of Greenwood, Mississippi.
Sec. l That if each owner of each
of the lots or parcels of land liable for
the cost of paving Washington Street
from Howard Street westwardly to
the West Side of Mary Street under
an ordinance entitled as recited in
che title hereof, shall accept the
terms of this ordinance, and pay is
of the amount assessed against the
property of such owner by said ordin-
ance to the Tax Collector in cash on
demand of the Tax Collector, then,
such owner shall have the privilege
of executing his or her 4 promissory
notes, each in the sum of IA of the
balance of said cost Of construction of
paving, as shown by the report of the
City Engineer to the Council of the
City of Greenwood, and as assessed
by said Council, so remaining after
payment of such and is in cash, pay
able in one, two, three and four years
from date of assessment, with inter-
est at the rate of 6 per cent. per an
mum from date of assessment until
paid. But if said is shall not be paid
in cash by such owner on demand, and
if said promissory notes, as provided
by this ordinance, shall not be exc
cuted upon request of the Tax Col
!ector, then, as to such owner so fail
ing to pay said is in cash, and to
execute said promissory notes, as
aforesaid, the whole of said assess
ment so made against the property Of
and against such owner by said or
dinance, shall be payable; exigeable
and forcible by Section 3412 of the
Code of 1906, IS amended by Senate
Bill No. go, Chapter 26O of the Laws
If 1912.
Sec. 2. The form Of said promis-
sorry note shall be as follows:
Street Paving Note: City of Green
wood, Mississippi.
On or before the.........day of......
.~.........191.... /, promise to pay to
he City Of Greenwood, Mississippi,
he sum Dollars
$-".".......) with interest at the rate
# six per cent. (6 per cent.) per an
lum from the date Of assessment of
he property herein described. This
tote is n Of a series Of four notes
'iven in recognition of the right Of
he City Of Greenwood, Mississippi,
o enforce the payment Of the sum
lereby promised and secured by lien
n account of Street Paving Assess
nent on the following described prop.
rty situated on Washington Street
rom Howard Street Westwardly to
he West Side Of Mary Street, in said
of Greenwood, Mississippi, viz:
which lien is hereby :
e%cognized. /
This note is the LIST Of a series civ.
n by me to the City of Greenwood
the matter of the said assessment
nd it is expressly agreed that should
first note be not paid. within fif-
zen days after its maturity then this
ote is to mature and become pay :
Die Immediately. |:
Witness my signature, this the........
OF ..................lS1....,,,
AS"eoS '."'...""....".
o. .""....... ......... ACKNOWLEDGEMENTS.
Sec. 8. Any property owner may
" his or her assessment at any time
fore maturity Of said notes by pay
g said notes then unpaid, and inter- ,
t accrued to the date Of payment.
Sec. 4. That for cause this ordin.
zee shall take effect and be in force
ON and after its passage. l.,
Approved Jan. 16, 1917.