The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-10-25


~ days after this ordinance hncnmcs
effective. without depmnd: Provided.
that all such assessments may, at the
Election OF the owner, be paid In in
stnllmenta, with Interest, M herein
after provided. Failure 60 nav he
whole assessment within said period
OF thirty days shall be ~conclualveiy
considered and held an election on
the part or 81 persons interested.
whether under disability or other.
wise. to pay such installmcnts. Ia
case OF such clcf ton to pay In In.
stnllments. the assessments shall he
due and payable ono year after This
ordinance becomes effective. to-wit.
on or before the LIST day Of November
A. u. 1890. and the remainder OF said
indictments shall 90 due and payable
successfully on the same day in each
year thereafter until paid In fun. with
interest in all cases on the D
principal OF each OF said in~staIlmenta
until the maturity thereof. at the ruts
OF six per centum per nnnum. pnyn-
BILE semi-annualiy. AZ the office Of the
city treasurer, the first s~oml-annual
payment Of Interest being due and
payable six months after this ordin-
ance becomes effective, to-wit, on the
lat day OF May. n, D.. 1890, the second
semi-annual payment Of Interest be-
Ing luz n payable on the lat day
OF November. A. -. 1890, and the bal.
ance OF said somi-annuai INSTALL
ments OF interest beind due and pay
able on the LIST OF May and LIST Of No
Nember In each year thereafter. Fati-
ure 10 pay y i~nstallmcnt. whether
OF principal or interest. when due.
shall cause the whole Of the unpaid
principal to become due and payable
Immediately and the whole amount
% the unpaic principal and accrued
interest shall thereafter draw inter
est at the rate OF one per oentum per
month or fraction OF a month, until
The day OF snle, but at any time prior
TO the day OF the sale. the owner may
pay the OF all unpaid ln.
stallmenta with Interest at one per
ccntum per month OF fraction Of a
month. and all penalties accrued, and
fhall lhcreupon be restored 20 the
right thereafter TO pay In l~nstallments
In the same manner as u default had
not been suffered. The owner Of any
property not In default ms TO any In
stallment or payment. may at any
time, pay the whole OF the unpaid
principal, with Interest accruing 70
the maturity OF the next installment
OF interest or principal. Payments =
the whole assessment may be made
TO the city treasurer at n time
within thirty days after his ordin-
ance becomes effective. and IN allow
ance OF five per centum will be made
on ali such payments during such
period only.
Section I. The assessed
as aforesaid shall be n lien upon said
lots n parcels Of land. and "A per-
sonal liability OF the owner or own
ers thereof. from the time Of such
assessments. IL shall be the duty OF
the city clerk, within thirty DAYS
hereafter to make out, sign, attest
with the seal OF the city. and file for
record In the office Of the county
clerk OF Bernallllo County. a claim Of
lien for the amount due and ASSESSED
against each lot and parcel OF land.
Us above specified. n all purchas.
efs, m~ortssgees n membranes OF
said LOIS and parcels OF land shall
take the same subject to such lien
and such lien, when delinquent. shall
have the effect OF a mortgage, aud
may be forerlosed In the manner now
provided by statute or as may b
hereafter provided for the foreclosure
OF mortgages on real estate. When
said assessments and the installments
thereof and the Interest thereon nave
been paid In full. II shall be the duty
of thu Ratd city clerk to release and
discharge ther said lien ana liability.
Section 5. To evidence the liabil-
ity Of the said owaers and their prop
for the payment OF the asses
ments herein specified. the city COM
snail have power. and II shall
be ITS duty. 70 issue or cause TO be
issued TO the lei Paso Bituiithic Com
pany or Its assigns. In the name Of
the city, ~aHsignable certificates de-
such liability. accurately de-
scribing the property covered by each
assessment and naming the owner OF
said property. The aid assignabie
certificates shall be payable IN ten
equal installmcnta. the first being due
aad payable one ear after thus -
inante becomes effective. and one
being due and payable eech year
until all Of said install
are fully paid. The said CERT
ficatts shall bear Interest at the rate
OF six per centum per annum. pay
able On the LIST day Of November and
The lst day OF May In each year. Said
certificates shall be signed
by the mayor OF said city. ~
signed by the city treasurer, sealed
with the seal OF the city and attested
by the city clerk.
Section 6. The said assignabie
certificates shall be in substantially
h following form. to-wit;
(Form OF CSrtihcatel
UNITED STATES or AMERICA.
State Of New Mexico.
city OF Albuquerque.
SPECIAL Assessor EMIT ASSIGN
ABLE CERTIFICATE.
No. - -
THIS rs To CERTIFY that by vir-
.ue OF an ordinance OF the city OF AL
lilo and state Of New Mexico. num-
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