The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-05-28

NJ rHr CITY COMMISSION OF THr CITY
or ALBUQUERQUE;
heretofore had taken, dune q. Performed p
cpnnofiinn viii paving and impfeythe the
streets nnd allay. herein speclhsd ~ eed
fnoVED md cONFiKMED
Section ? Thst Ter ne paFrpss q pasiue
The costs and ekpensee 81 The said imprcyr.
mcH's. shsrs 3 sas her I. hsr'sg lsS,ss
lots Ind parcels % land hcneftled ~ aald
improvements. and against tho owners there
lpf, The follow ms umounta, tu-Wd.
y f~rtssar. owner. and
simon Stern, lessee. Lot I. Block ie
usiisd sis,ss Of America. 10, Is.
nq s.sss ! Il %sG,sls.f.. me. Isl IL. '0s''.
l. I oisslisr Lai e. Block IL.
coSasiss aids Co, iai i, hiosk 81.
D. O Grant. lot rs. block Is. o, r esiso
& a Wnrnt Lot ~, sloek "a q Il 80 -
G Kent and n. Medier. Lot e. Block
-. y. ass..t Dol ~
section o. That said assessmeats. shall BE-
due aud payable - Tie once % nc titf
TREASURER within thirty tlql days attef
ihis ordinhpga. .bsleuss elective without ds.
HsaqtHmeHiE may at me election o. she owner,
" paid IN insiallmsnts. with interest, -
hereinafter provided Failure %, "a. "
taOl days shall be eoncusifsly considered.
and held an election on the paFt Of ~ per
Sous inferesed, whether under disability or
oIaefwise. 10 pay such ia.tailment.. In cais
II sheh ~electionA 20 pay in iasiailmene, the
assessments shan BE- payable al the once 81
ne CITY. Treasarsr ~ Ten ttol equal ias.sii.
mrnis u principal shall be dae and payable
one 90 year after this crdinanes lbeeeme,
effective low. On OF bsio.e The sna DAY %
meuts ahall be due Aad payable successfully
on Me zane day In each year thereafter until
paid In full. With interest Ia an eases on the
until The maturity thereof AZ the rate q
sk ttl. per rentum per annum, the hrst pay
the end day Of December. 1920. aad the re-.
naming payments u Interest being due aud
payable semi-aunually thereafter until fully
paid except the last payment q the last
made az the once u the City Treasurer
Failure 90 pay any instsilment whether Of
shall cause The whole % the unpaid principal
20 bcconc due and payable Immediately sud
the whole arouns o. the unpaid principal and
| accrued Interest thereafter shall draw inter.
est Al ife rate % one per centum per month
Or fraction ~ a month. until the day Of ssic,
but At any time prior 20 the day Of 1ale, the
stallments With interest ~ one per ccntum
per month of fraction, and All The penalties
accrued. and shall thcruupuu be- restored 10
II ,ss 1sms manner o. N dsi.nit saa noi
been suffered. The owner Of any property
not N default ~ 70 A., instalimeni Or pay.
tnent may, ~ any time. pay the uhalr 81
TIE unpaid principal WITH intsrrst acerninr
90 Tho maturity ~ tho neat iusiallmcnf ~
~intoreat ~ principal Payments of the ehols
asacsamcnt may b. made 20 the CITY Treaa
urer 81 any time within thirty tl0i dHys
after this ordinance becomes effective. and
an allowance - Eve per rrntum Will be made
on all such payments during such period
section Z. The amounts assessed As aiaro.
] sid shall le = lien upon said lots and PAR
cells Of land. and = personal liability ~ The
ssssmerts' IL shall be The aaty Of ihs CITY
Clerk pi'hin thirty 1907 days hereafter to
make sign. attest with the seal Of thr City.
and he ; claim or lien for the amount due
and assessed against each lot and parcel Of
land IN tho omee Of the County Cirrk u Der.
nalills County, and All purchasers. mortgages
u land shaii iske the same subject to such
len, and such lien. when delinquent shall
have the eject of q mortgage. and may be-
tofeeloacd IN the manner. now provided hi
statntc or 10 be- hereafter provided for tho
forecioSurr - mortgages on resi- estate. When
said assessments end the i~nstailmsnts thereof
and the interest thereon have been paid In
full u shall 10 the duty Of the aid cts
CLERK 70 release and discharge The said heo
and liability
section O.. To evidence the liability Of
NAH MNN "NHNHH MMA NMNNN NNNNNNNN. NMN MNN-
ment Of the assessments herein sperihcd
the tty Commission shall have poweE snd "
shall be ~ duty (. issue or cause 90 be- g.
sued 20 the ~ Paso Biiulithic Company. or
ia a~ssirns. in the name 81 the City. assiEn
able certihcatfs declaring such liability. ac-
c%arately describing the properly covered By
sarh assessment and naming The owner o.
said property. The said assignable eertid.
GATES shau BE- payable ln ten equal Install
menis the trst being due sod payable one
90 year after this ordnance beenmes effect
i've. to-Nit on the 2nd day Of June. 1924
atd one being due aud payable each yrur
thereafter until al ~ said instnllmeuts are
fully paid The said certificates shall bear
Interest ~ The rate ~ six t6l per centum
per annum, payable on Tho 2nd day Of Do
-emher and on the 2td day ~ June Go each
year. said assiruable certificates shall he
signed by fhe mayer NJ said city. and ccun
terslEnrd Ly tho city Treasurer. sealed With
ihr seal Of the City and nttestrd by The Cts
BY the ordinances q aid civ sereiofors
adopted for tho street improvements hereto.
fore cu,npieted aud accepted,
section o The sid ssslgnabls certificates
thall be delivered 90 the ~ Paso hitalithir
Company of IL a~ssiEns. In accordance With
IT, contract with the CITY and the proceed
lngs Of the city Commission heretofore or
hereafter adopted. The said ~ raso Btu.
hthic Company or itE assigns. shall have the
Fight aud privilege ~ exchanging said a.
signabls certificates for pgyinE bonds Boz con
Cts pursuant 20 Ordinance No O.. adopted
and improved by the City Commission on tho
l1th day Of November. a D. 1919 Upon
such eachsuge it shall be- The duty ~ The
CITY Trcaturcr 20 retain possession ~ the
said asignHhlc certiheates, "a receive and die
hurr al payments made. to endorse on rnrh
certificate the amounts paid thereon. both
principal and Interest. and To- release and
discharge the lien sud liability upon psy
nrut ~ tho fuli smouut due. a. aforesaid.
AL In accordance with tho ordinance NJ tho
city aud any other provisions that hgye been
or may Dc reqpircd BY the city Communication
Section Az ordnance or resolution
~ parts thureof in conflict with the PRO.
Visious ~ this ordinance are hereby repealed
After eAid asaiFuahlp certificates are issued
this ordinance shall he md remain %irrepcal
ahie until aid certificates aud the Interest
thereon shall he fully paid. satisfied md dit
charged - herein provided
section = This ordinance g. hereby 10
rlarfd 10 De an emergency measure ON tho
ground ~ urgent public need. and. there
Tore, Immediately upon lts final passage. shall
be recorded In the book o. ordinance ~
said CIV Kept Tor that purpose. nuthsnticat.
cd By the signaiuriH NJ Tho Chairman nf the
city Commission and EN.uMrin Mayor. aud
lhe city Clcrk, shall be- Published in The Al
huquerque Evening Herald. thc omcinl nrws.
paper ~ said CITY and shall be in full force
md effect ave go days after such publica.
ton.
Passed. adopted signed and approved this
goth day ~ MAJ. tag0.
| tseaD WAITER " CoNNELL.
Chairman. titF Commission aud