The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-06-26

w. T Mutphcy. Lots II
and ~. Block 90. Hun
Ing Highland Addition, b2e.st
-
city OF Albuquerque.
overhaul dlrt -, ia.ss
section ). That said assessments
shall be due and payable at the
office Of the city Treasurer within
thirty (S0) days after this ordi-
uanne becomes effective. without
demand. provided, however. that
all such assessments may. at the
election OF the owner. be paid In
lnsthllments with interest as here
matter provided. Failure to pay
the whole assessment within said
period % thirty (a0D days shall be
conolusively considered and held
an election ON the part of all per-
sons Interested. whether under
deairabtlity or otherwise. 10 nay
In installments. In cas- 81 such
election to pay in instailmcnts. the
assessments shall be payable at
the office 81 the city Treasurer an
ten equal installments OF principal
the first OF which miscellaneous OF
principal shall be due and payable
one 90 year after the ordinanc
becomes effective. to-wit. on or
before the a0th day Of June. 1873
and the remainder OF said Install
ments shall be due and payable
successfully on the same dny IN
each year thereafter nntil paid ~
hnll. with interest In all rn-is on
the unpaid principal % each 81
said inrtallments until the maturity
thereof. at the rate OF 7 per csut
per annum, payable semi-annuaiN
at the office Of the city Trc ,st,rcr.
the first payment OF Interest hcing
due and payable on the first day
OF November. 1879, and 1H re-
naming payments OF Interest being
due and payable seml-nnnu1iiy
thereafter until fuzzy paid. al pay
TO be made at the office 20
the city Treasurer Ia the C1ty Hall
building. Failure to plf lay it
whether % principal ~
Interest. when due. shall caus. the
whole Of the unpaid principal "a
become due and payable immc ~
ately and the whole amount OF the
unpaid princ.pNl ANA accrued IN
terest shall the, .aftcr draw inter-
at the rate of one per centlm
per month or fraction 81 a montn.
until the day Of sale. hut nj any
time prior to the day of sale. the
owner may pay The amount OF an
unpaid instailmenis with interest
~ one per eentum per north pr
fraction OF a month. aud all penal
ties accrued. and shall thoreupon
be restored to the right thereafter
TO pay In installments In the same
as ~ defanh had not been
suffered. Tho owner OF M pro
perty not in default AZ to any pay
ment or infihilmcnt may. at any
time. pay the whole 81 The Unpaid
principal with lnteres, n%ccruinR to
the maturity % she neat INSTALL
ment OF interest or principal, Pay
mentn Of the whole assessment
may be- mada TO the ctty Treasurer
NJ any lime within thirty (3O) days
after this ordinance becomes ef-
aud an allowance 81 8 per
ant will be made on all cash pay
menis during such period only.
Section 4. Tho amounts asaeHs-
% az aforesaid shall be n lien upon
lots and parcels of land, aud
a personal liability OF the owner
or n thereof, from the time
N such assessment. Il shall be tho
duty Of the City Clerk % make out.
attest with thr seal OF the
city and file for record To- tho
of the County Clerk Of Der
County. within thirty tao)
lays hereafter. q claim OF Hen for
The amounts due and assessed
against each lot and parcel %
"a above specified, and an
purchasers. mortgages and lien,
OF said lots and parcels %
shall take the IN me subject to
such lien. and such Ben. when de-
iInqucnt. shall have the effect OF y
and may be foreclosed IN
he manner now provided by STATE
ite or ne mny he hereafter pro-
lldcd for the foreclosure Of mort
iagcs on real estate. When said
assessments and the instalimcnis
hereof ana the Interest thereon
ave been paid ln full II shall he
he duty 81 the CITY Clerk to re-
and discharge the said lien
md liability.
section 8. To evidence tho
inbiiity Of tie said owners and
heir property for the payment %
he assessments hereia specified.
city Commissions shall have
lower. and u SHAH be ita duty. TO
saue or u 10 he ISSUED. IN the
,ame az the city. 70 the New Mex
90 Combination Company. Inc. or
u assigns. HsslenahIe certiflcafesl
leclnrlnx suTh liability. Accurately
Aecrihing the property covered
~ eaeli ansee.mem and paIaipg the
'wner of said property. The saldl
.Iwtennble certificates shaft be- par
lhlo IN ten tf0l eqnai ipatnilmentr.