Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-08-14

Original Townsite, $9O3,32.
Anne Davis, Mrs. Mary Sturges
and National Life ms. Co. of the
Southwest, Lot 10. Block 10, Origl-
nal Townsite, $903.32.
Kenneth Van Ripper, Lot ~,
Block 25, Original Townsite,
$902.31.
NJ. ]. sayres, (Mrs. C. Georges,
Oguardian, Lot "a, Block
25, original Townsite, $so2.31.
Elks Lodge No 461, Block 90,
Lot /. Original Townsite, $926.51.
State OF New Mexico, Lot 10,
Block &c, Original Townsite.
$923.86.
Section 3: That said assessments
shall be due and payable at the Of,
flee of the City Treasurer within
thirty days after this ordinance be-
comes effective, without demand;
Provided, however, that all such
assessments may, at the election Of
the owner. be paid in installments
with interest as hereinafter pro-
vided. Failure to pay the whole as
seSsment within said period of
thirty days shall be conclusivelv
considered, and held an election on
the part of all persons interested,
whether under disability or other
wise, to pay in installmentS. In
case of such election, to pay in in
stallmentS, the assessments shall
be payable at the office of the City
Treasurer in ten equal insta llments
of principal, the first of which in
stallments of principal shall be due
and payable one Cd year after this
ordinance becomes effective, to-wit,
on or before the 18th day of Aug
ust, 1921, and the remainder of
said installgnents shall be due and
payable successfully on the same
day in each year thereafter until
paid in full with interest in all
cases on the unpaid principal of
each of said installments until the
maturity thereof, at the rate of six
(6%) per centum per annum, pay
able semi-annually, at the office of
the City Treasurer, the first pay
ment of interest being due and
payable on the first day of Novem-
Der, 1920, and the remaining pay
ments of interest being due and
payable semi annually thereafter
until fully paid, except the last pay
ment Of the last installment of
principal, all payments to be made
at the office of the City Treasurer
Failure to pay any instalment
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 of the unpaid princi-
pal and accrued interest shall
thereafter draw interest at the
rate of one per centum per month
or fraction 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 in
stallments with interest at one per
centum per month or fraction of
month, and all penalties accrued,
and shall thereupon be restored to
the right thereafter to pay in in
stallments in the same manner as
if default had not been suffered.
The owner of any property not in
default as to any instaIlment or
payment, may, at any time, pay the
whole of the unpaid principal, with
interest accrued to the maturity OF
the next installment of interest or
principal. Payments of the whole
assessment may be made to the
CITY Treasurer at any time within
thirty DAYS after this ordinance be-
col mes effective, and an allowance
of five per centum will be made on
all such payments during such
period only.
Section 4: The amounts assess
ed as aforesaid shall be d lien upon
said lots and parcels of land, and
a personal liability of the owner or
owners thereof, from the time of
such assessments. 1t 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 Of
flee of the county clerk of Berna-
lilo county, claim of lien for
the amount due and assessed
against each lot and Parcel of land,
as above specified, and all pur-
chasers, mortgages and incumb-
RANGERS of said lots and parcels of
land shall take the same subject to
such lien, and such lien, when de-
Iinquent. shall have the effect of
o mortgage, and may be fore
closed in the manner now provided
by statute orkas may be hereafter
provided for the foreclosure OF
mortgages on real estate. When
said assessments and the INSTALL