Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1919-09-24

gineer's estimate of the cost thereof
by the City Council, it shall by ordin-
ance apportion the cost Of the, work
on each of said streets, less any part
to be paid by the city, equally among
the owners of the abutting property
on both sides of the parts of each of
said streets improved according to
the number of abutting feet owned
by them respectively provided that the
entire cost of curbing and gathering
shall be apportioned among the
owners of the property abutting on the
side of the street on which the i'm
provement is made. each corner lot
having it's sidewalk intersection in
cluded in it's frontage, and shall as
sess and levy local tax on the sew
eral lots or parcels of AUDITING pro-
Iperty on each of said streets at
rate per abutting foot sufficient to
produce the part of the cost of the
improvement apportioned to each
abutting lots or parcels of property
on each of said streets. There shall
be lien upon such lots or parcels of
real estate for the part of the cost
of said improvement so assessed
thereon, which shall take effect up
on the publication of the ordinance
making the assessment and levying
the tax.
9. That when said improvement
shall havebeen completed and accepted
and the cost thereof apportioned to,
and tax therefor levied on the pro-
rerty liable for the payment there
of on each of said streets as herein
before provided, the City Treasurer
shall give notice by one publication
in the Daily Register, a newspaper
published in the city of Richmond.
Kentucky, requiring all persons to
! pay the local tax levied upon their
property within thirty days from the
publication of the ordinance accepting
the work and assessing the cost there
of. Such local taxes may, at the
option of the property owners, be
payable in cash, without interest
within thirty days, or in ten annual
installments as herein provided ANY
property owner who desires to exer-
else such privilege of payments by
installments shall, before the expira-
ton of the said thirty days, enter
into an agreement in writing with
the City that in consideration of such
privilege he will make no objection to
any illegality or irregularity with re-
gard to the taxes against his pro-
perty, and that he will pay The same
in the manner herein provided with
specified interest. In all cases where
such agreements have not been filled
within the time limited, the entire
tax shall be due and payable in cash
without interest before the expiration
of said thirty days, and any such tax
not paid within said thirty days shall
bear interest at the rate of six per
cent (6 per cent? per annum from
the date of the publication of the
ordinance assessing and levyins the
same. In case where the option to
pay in installments is exercised, the
local tax with interest at the rate of
six per cent per annum shall be pay
able as follows: One-tenth of the tax
with interest on the entire tax, at the
time fixed by law for the payment of
the general city taxes occurring next
after the expiration of the thirty
days allowed for payment in cash,
and annually thereafter one-tenth of |
the entire tax until the whole is paid.
At the end of each six months from
the time the first installment of the
tax becomes due, interest shall be due
and payable for such six months on
all unpaid installments of the tax.
Provided that any person may at any
interest paying period after the fifth
annual installment of this tax be-
comes due, pay the entire assessment
of the tax against his property with
accrued interest. In default of pay
ment of any installment of tax or in
terest for one month after the same
becomes due, penalty Of ten per-
cent 90 per cent? of the installments
in arrears shall be added thereto
which shall constitute a like lien as
the tax, and all unpaid installments
of the tax shall at the option of the
city or any bond holder whose bonds
or interest thereon are in default of
payment forthwith become due and
payable.
10. Thatoat the expiration of thir-
ty days after the publication of the
ordinance accepting the work and as
sessing the cost thereof the City
Treasurer shall report to the City
Council the amount of cash received,
from whom and upon what lots it is
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