The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-12-10

Section 9. That said HsseSsmenis shalI
be due and payable - the Office " the
,ity treasurer within thirty (50l days after
this ordinance becomes effective, without de
mand. provided. haW ever. that all such a..
m may, At the election of the own, =,
~ PAID IN instslinents with Interest -
whole assessment within said period q thtrty
days shall he conclusiveiy considered and
interested. whether under disability or 9th
erwise 90 pay IN insiallments. In ease 81
such election 70 pay In installments, the
Of the City Treasurer In ten cqusi install.
ments ~ principal the first 81 which N.
h~tAilnenis Of principal shall be due and
payable one 90 year after the ordinance o..
goin's effective, 10 Wit on or before the 10Th
day ~ December, 1919. aud the remainder
Of said installments shall be due and pay
Able Excessively on the same day in each
yea thereafter until paid in fall with IT,
terest IN all cases on The unpaid prinewat 81
zach q said instailments unsl the maturity
thereof, at the rate Of SCI per annual, nay.
sele cmi annually, at the Office Of tae eiiy
treasurer the hrst payment Of interest teing
az aud payable on the hrst day of May.
ivsZ ana tho remaining payments ~ n
terest being due and payable sefni annually
th'resi,cr antl fully paid all payments e
IN H. CIV ian 'RR1 nH oi me sihy Ir,a'ur,
any insiallmcnt whether of principal or III
terest, whom due, shall cause the whole Of
tho unpaid principal To become due and nav
Chlo Immediately and the whole amount 81
No unpaid principal and accrued interosl
thaH thereafter draw interest at tho rate "a
one per centum per month or fraction o. I
month, until the day Of sale. hot Al am
time prior 10 the day Of sale. the owner
may pay the amount 81 al unpaid Install
menis with Interest at me per ceutIin De-
month nr fraction u a month. aud an psn
allies accrued, and shall thereupon he 40
stored 10 the right thereafter TO pay In in
ktallmeuts In the same manner a. ( default
had not been suffered The owner on an,
ptopUtty not In defanlt ~ 20 any payment
or inatallmeut may. a. any time. pay N,
whole 81 the unpaid principal with Interest
aeorutng 10 the maturity o. the next install
ment 81 interest or principal PAyments al
The whole assessment may he made to IN,
II clty treasurer ~ any time within thirty day.
after this ordnance becomes effective, an,
M FiloWante Of q per centum will be mad
on all cash paymuts during such period only
Section The Hmuunts assessed a. ufofs
sid shall he a Hen upon said lots and pa
GELS 81 land. aud a personal liability Of ~
owner or owners tberref from the time @
such assessment IL shall he the duty Il
b The city rlrrt 10 make out. sign. httssf Wit
q he seal ~ the city and de for ferord
O. mo ouire Of the ranuty clerk 81 HsuaiUl
tnuntys within ihiu days hereafter. e eis,,
OF lieu for the amounts due aud assesas
against each lot sud parcel Of land. a. aboy
specified. sud 81 purchasers. m0rtragses an
incunhrancers 81 said lots and pareels ,
% land shall take the same subject 10 suc
lien. and such lien. when deiinqusnt sla
have tho effect u . mortgage. and may d
foferossd In the manner nos provided d
Z statute Or o. may be hereafter provided n
the foreclosure Of mortgages on real rstail