Pueblo chieftain., 1922-02-14
LEGAL NOTICES

and changes in the proposed assess
ment as to it may seem Just and equit-
able or may confirm and approve the
first proposed assessment After
hearing and determining all COM
plants and objections made against
such proposed assessment, and making
such notifications and changes as
may be found lust and equitable. the
Council shall thereafter by ordinance
assess the cost of said improvements
as herein provided, and said assess
ment when made shall be and remain
a lien in the several amounts assessed
against each lot. tract of land, pro-
perty and franchise until paid. and
have priority over all other liens eX-
cept general taxes,
II before any such improvements
are made any piece of real property
or any railway company to be assessed
has already an Improvement conform
ing to the general plan. or satisfactory
to the Council, an allowance therefor
may be made TO the owner, same to
he deducted from the assessment
against said property and from the
contract price.
Sec. T. Upon the final passage OF
said assessment ordinance the City
Clerk shall prepare a local assessment
roll in book form. showing in suitable
columns each piece of property assess
ed the total amount of assessment,
principal and interest, the dato when
each instailment shall become due,
with suitable columns for use in case
of payment of the whole amount. or
any installmcnt or penalty and deliver
the same to the then acting Treasurer
OF the City for collection. under the
seal of the City.
Sec S. All such assessments shall
he due and payable within thirty 800
days after the final passage and pub
lication of the assessing ordinance
without demand: all such assessments
may. at the election Of the owner, be
paid in installments with interest as
hereinafter provided.
Sec o. Failure 10 pay the whole
of said assessments within said period
Of thirty days shall be conclusively
considered and held an election on the
part of all persons interested. whether
under disability or otherwise, to pay
in such instsllments. All persons
olecting TO pay IN installments shall bo
conclusively held and considered as
consentins to said improvements and
such election shall be conclusiyely held
and con sidered as n waiver of any and
all right TO question the power or
jurisdiction OF the City to construct
the improvements, the quality of the
work. the regularity or sufficieucy Of
the proceeding or the validity or the
correctness Of the assessments.
Sec. 10. In case OF such election TO
pay in instailmcnts. the assessments
shall be payable in twenty equal an
nual installments or principal. the
first of which installments shall be
payable on a date TO he fixed by said
assessing ordinance and the last In
stailment twenty (20) years there
after. with interest on the unpaid
principal. PAYABLE semi-annualiy. mt
the rate OF six 90 per cent per an
mum: subject 10 tha foregoing provi-
sions. all installments both OF prin-
cipal and interest. shall be payable at
such times as may he determined and
fixed by said assessing ordinance.
Sec. Il. Failure to pay any INSTALL
meDt. 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 tho unpaid principal and
accrued interest shall thereafter draw
interest at the rate of l per cent per
month or fraction Of a month, until
day Of sale. as hereinafter provided.
but at any time prior to the day Of
sale. tho owner may pay tho amount
of all unpaid instaIlmcnts with inter
est at one per cent per month or frac-
tion OF a month and all penalties ac-
crued. and shall thcreupon be rcstor-
ed to tho right thereafter to pay In
installments In the same manner as II
default had not been suffered. The
owner OF any property not In default
as to any lnstallmcnt OF interest or
principal, may at any time pay tho
whole OF the unpaid principal with In
terest accruinG to the mRturiiy OF tho
next installmcnt Of Interest or prin-
cipal.
Sec. 10. Payments may be made to
the acting Treasurer OF the City at
any time within thirty days after the
Ftsua fHsaaH Hls.fa eaF
assessing ordinance and am allow
anco or discount OF five per cent
shall bo mado on all payments during
such period only. At the expiration OF
said thirty day period. the acting
. Treasurer shall return said assessment
roll. showing all payments made there
on with the date OF each payment. to
the City Clerk. Thereupon said City
Clerk shall prepare "A permanent local
assessment roll in book form. showing
In suitable columns each piece OF prop
erty upon which the assessments are
unpaid, the whole amount OF the as
sessncnts unpaid, the date to which
same were computed. tho amount OF
each installment OF principal and in
terest. the date when same shall be-
como due. with suitable columns for
use In case Of payment OF any Install
mcnt or penalty. said roll shall be
certified by the City Clerk under the
Seal or tho city. and by him delivered
TO tho County Treasurer OF Pueblo
County. with his warrant for the col
lection OF tho same. said County
Treasurer shall proceed with the mat
ter OF the collection Of said assessments
as provided by the Act OF tho General
Assembly Of tho State OF Colorado,
here!natove referred To.
Sec. u. The improvements herein
provided FOR shall be paid for in public
Improvement bonds issued by tho City
of Pueblo on behalf or said improve
ment district. such bonds shall be pay
able out OF the moneys collected on ac-
count Of the assessments made for said
Improvement. and shall be issued In
convenient denominations OF not more
than one Thousand Dollars Isl, coo 0O)
each; all Of said bonds shall bear In
tercst at the rate OF six per cent per
anuum payable asnli-annually. shall
bear the name of the Improvement dis
frlLt hnrninhafnrn- rn.utInnn1 Ia nn i'm.