Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-09-27

M. e. Hart, Lot 1. Block SO,
Original Townsite, $22760.
M. Il. Hart, Lot 2, Block Sc,
Original Townsite, $l59.46.
A. N. Lindborg Estate. Lots 3.
and 8. Block 96. o. T, $47S.S6.
j. C. Baldridge, Lot 6. Block SO,
Original Townsite, $l59.46.
]. C. Baldridge, Lots Z, s, ., 10,
II and ~. Block SO, Original
Townsite, $SS0.50.
A. T. G. s. f. Ry. Co., from south
side of Silver avenue to north side
of Coal avenue. $4,336.45.
Section 8: That said assessments
shall be due and payable at the Of
flee of the City Treasurer within
thirty (30) days after this ordinance
becomes effective, without demand:
Provided. however, that all such
assessments may, at the election OF
with interest as hereinafter pro-
yided 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 G0) equal
installments of principal. the
first of which installments of
principal shall be due and
payable one (D year after this
ordinance becomes effective, to-wit,
on or before the End day of Oc-
tober, 1921, and the remainder of
said installments 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
$50 per centum per annum, pay
able semi-annually, at the office Of
the City Treasurer, the first pay
meDt 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-annuahy 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.
in the City Hall building. Fail
ure to pay any installment,
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 prinoi-
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 a
month, and all penalties accrued,
and shall thereupon be restored to
the right thereafter TO pay In In
stallments in the same manner as
II default had not been suffered
The owner of any property not in
default as to any installment or
may, at any time, pay the
whole of the unpaid principal. with
interest accrued to the maturity of
the next installment of interest or
Payments of the whole
assessment may be made to the City
Treasurer at any time within thirty
500 days after this ordinance be-
comes effective, and an allowance
Of five per centum will be made on
all such payments during such
period only.
Section d: The amounts assess
ed as aforesaid shall be a lien upon
said lots and parcels of land, and
4 personal liability of the owner or
owners thereof, from the time of
such assessments. 1t shall be the
iuty of the City Clerk to make out.
sign, attest with the seal of the
city, and file for record in the Of
fics of the county clerk of Berna-
illo within thirty (30) days
a claim of lien for
he amount 1ae and assessed |
against each lot af.d parcel of land, |
is above specified. and all pur-
,hasers. mortgages and incumb-
,ancers Of said lots and parcels of |