Pueblo chieftain., 1922-01-28
LEGAL NOTICE

of principal and interest, tho data
when each installment shall become
due, with suitable columns for usa in
case of payment of the whole amount,
or any installmcnt or penalty and de-
liver the same to the then acting
Treasurer of the city for collection,
under the seal of the city.
Sec. S. All such assessments shall
be due and payable within thirty C3O)
days after the final passage and pub
lication of the assessing ordinance
without demand. all such RsScs.-
mcnts may, at the election of the own
er, be paid in installmcuts with inter-
est as hereinafter provided.
Sec. .. Failure to pay the whole OF
said assessments within said period OF
thirty days shall be conclusivcly con-
sdcrcd and held an election on The
part OF all persons interested, whether
under disability or otherwise to pay
in SUCH instalmcnts, All persons elect
ing 10 pay i'm installmcnts shall lie
conclusiNcly held and consdcrcd al
conscuting to said Improvement" and
such election shall bc ccnclusIvcly held
and considered ar 4 waiver OF any
and all right to question the power or
Jurisdiction of the city to construct
tho improvements, tho quality of ihs
work, the regularity or sufficiShcy OF
the proceeding or the validity or the
correctness OF the assessments.
Sec. 10. In case OF such election to
pay IN installmcuts. the assessments
shall be payable in 20 equal annual in
stailmouts of principal, the first OF
which installmcnts .llall be payable on
a date to hc fixed by said assessing
ordinance and thc last lnstallment
twenty t20l years thereafter with In
tcresi on the unpaid principal payable
seint annually. at the rate OF six go
per cent pr annun; subject to the
foregoing provisions. all instalments
both OF principal and interest. shall
be payabl" at such times as may be
determined and fixed by SStid nseess-
ing ordinance.
sec. II. Failure 10 pay any Install
ment. whether OF principal or interest
when due shall cause tho whole OF The
unpaid principal TO become due and
payable immediately, and the whole
amount of the unpaid principal and
accrued lutcrNsi shall thereafter draw
interest at the rate of / per cent yer
month or fraction OF a month until
day OF sale. as hereinafter provided.
but a. any tHne prior ~ tho day OF
sale- the owner may pas the amount
Of al unpaid installncnti with inter
est at one per cent per month or
fraction of month and all penalties
accrued. and shall thcrcupon he re-
stored 10 tho right thereafter to pay
IN iustaii1;cnts in tho same manner as
II default had not been suffered. Th.
owner OF suy property not in default
as to any installment OF interc~ or
principal. may at any iimn pay this
whole OF the unpaid principal with in
tcrcst accruing to the maturity OF the
next iusiallmcut OF interest or prin-
cipaL
Sec, u. Payments may he mad. to
the acting Treasurer OF the city at
f.ftNIn NaHfs d g ~
final Passage aud publication OF the
assessing ordinance and ar allowance
or discounto I five per cent shall be
made on all payments during such
period only. At the expiration OF said
thirty day period, the acting Treasurer
shall return said assessment roll. show
ing all payments made thereon with
the dato OF each payment. TO tho City
Clerk Thcrcupon said city Clerk shall
prepare a permanent local assessment
roll In book form. showing IN suitable
columns each piece Of property upon
whole amount OF tho assessments un-
paid. tho date TO which same were
computed. the amount Of each INSTALL
mcnt OF principal and Interest the date
when sam" shall become due. with
i suIta bio columns for use in case of
payment OF any iustai'nrnt or penalty
said roll shall be certified by the city
Clerk under tho Seal OF the city, and
by him delivered To the County Treas
urcr Of Pueblo County. with his war
rant for the collection OF the same.
said County Treasurer shall proceed
with the matter OF the collection of
/ said assessments .is provided by the
Act OF tho General Assembly of this
state OF Colorado, hcrc:nabo,c refer
rcd to.
Sec. IL The improvements herein
provided FOR shall be paid FOR In pub
D lie Improvement bonds issued bv the
city OF Pueblo on behalf OF said i'm
provcmcnt district. such bonds shall
be payable out OF tue moneys collect
ed on account Of thc assessments mad.
for said impro, cmcnt. and shall bc Is
sued In convenient denominations OF
not more than ono Thousand Dollars
/ 81 .ooo.Q0) each; all OF said bonds shall
bear Interest at the rate cf six per
cent per Iunum paya Ole scml-auuual-
/ ly, shall bear the name OF tho I'M
proNcmcnt district herclnbcforo mcu-
tioncd to be- improved: shall hc pay
able to bearer twenty years from and
after date. but shall be subject to
calls for payment py the city OF Pu-
cblo. through the officer thereof at
said time acting as City Treasurer at
any time prior 10 said twcnty years
after date as by law provided said
| bonds shall be IN such form aS shall
be provided ny tho Council by rcsolu-
tion. said bonds shall bc issued ny the
] 'lN9 ~ fA'blot upon estimates OF tne
! city Engineer, and the acting Treas
urcr OF the city shall preserve n rec
ord ot tho Same In suitable book
kept for that purpose. provided. that
such bonds may be used by the Coun-
ell at par in payment for engineering (
and other clerical expenses and costa
of inspection. A. many OF said bonds
as may he required 10 pay said ex-
pcnscs shall h. sold Mt not less than
par. upon advertisement for not les
than ten days IN some newspaper OF
general circulation publ!shed In tho
CITY OF Pueblo. and tho proceeds. with
the approval or the city Council used
for such purpose. Interest upon said
bonds shall be evidenced by coupons
which coupons shaf bc authcnticnt ed
land atte~ted by q facsimile of the sig
natures Of the President OF tho Goun-
c.l city Controller and -t'lty Clerk.
With facsimile or lithoEraphcd copy
OF tho seal OF tho city OF pueblo
Sec II. Il iH hereby ordered that
notice Of this ordnance shall be by