Pueblo chieftain., 1922-02-07
LEGAL NOTICE
paid in installments with interest as
hereinafter provided.

LEGAL NOTICE
paid in installments with interest as
hereinafter provided.
| Sec. Q. Failure to 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 installments. All persons
electing to pay In installments shall be
conclusively held and considered as
consenting to said improvements and
such election shall be conclusively held
and considered as a 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 sufficiency of
the proceeding or the validity or the
4 correctness of the assessments.
! Sec. 10. In case of such election to
pay in installments. the assessments
shall bc~payablo in twenty equal an
nual instaliments or principal. the
first of which installments shall be
payable on date to be fixed by said
assessing ordinance and the last In
stallment twenty (20) years there-
after. with interest on the unpaid
principal, payable semi-annually. at
mum: subject to the foregoing provi-
sions, all installments both OF prin-
cipal and interest, shall be payable at
such times as may be determined ana
fixed by said assessing ordinance.
Sec. IL. Failure to pay any INSTALL
ment, 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 the unpaid principal and
accrued interest shall thereafter draw
interest at tho rate of l per cent per
month Or fraction OF a month, until
day Of sale, as hereinafter provided:
but at any. time priQt to the day Of
sale, the owner may pay the amount
of all unpaid installments with inter-
est at one per cent per month or frac-
ton of a month and all penalties ac-
crued, and shall thereupon be restor-
ed to the right thereafter to pay in
installmcnts in the same manner as II
default had not been suffered. The
owner of any property not In default
as to any installment OF interest or
| principal. may at any time pay the
| whole OF the unpaid principal with In
terest accruing to tho maturity of the
next installment of interest or prin-
clpal.
| Sec. IL. Payments may be made to
the acting Treasurer OF the City at
any timo within thirty days after the
final passage and publication of the
assessing ordinance and an allow
ance or discount of five per cent
shall be made on all payments during
such period only. AT tho 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. Thercupon said City
Clerk shall prepare a permanent local
assessment roll in book form. showing
In suitable columns each piece of prop
nrf h f..1, ,av,fa n 81
unpaid, the whole amount OF the as
sessments unpaid, the date to which
Same were computed, tho amount OF
each installment of principal and in
tcrest. the date when same shall be-
come due. with suitable columns for
use in case OF payment of any install
ment or penalty. Said roll shall be
certified by the City Clerk under the
Seal of the City, and by him delivered
10 the County Treasurer of Pueblo
/ County. with his warrant for the col
! lection OF the same. Said County
Treasurer shall proceed with the mat
ter OF the collection of said assessments
as provided by the Act OF the General
Assembly of the State OF Colorado
hereinabove referred to-
Sec. IL. The improvements herein
provided for shall be paid for in public
improvement bonds issued by the city
OF Pueblo on behalf of 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
J than One Thousand Dollars Isl. 900. 00)
each. all of said bonds shall bear in
terest at the rate OF six per cent per
annum payable ssmi-annually. shall
bear the name of the Improvement dis
trict hercinbefore mentioned to be i'm
proved: shall te payable to bearer
twenty years from and after date. but
shall be subject to calls for payment
by the city Of Pueblo. through the Of
I ficcr thereof at said time acting as
! city Treasurer. at any time pr,or to
said twenty years after date as by
law provided, said bonds snail be in
I such form as shall be provided by the
] Council by resolution. Said bonds shall
be issued by the City OF Pueblo. upon
; estimates of the City Engineer. and the
acting Treasurer of the City shall pre-
serve record of tho samc In II suit
able book kept for that purpose: pro-
] Nidcd. that such bonds may be used
\ by the Council at par in payment for
engineering and other clerical cx-
pcnscs and costs of inspection. As
I many OF said bonds ms may be re-
/ CURED to pay said expenses shall be
sold at not loss than par. upon ad-
Nertiscinent for not less than ten days
| in some newspaper of general circu-
1 lation published in the City OF Pueblo.
and tho proceeds, with the approval
| OF the City Co1ncil used for such pur-
pose. Interest upon said bonds shall be
! evidenced by coupons. which coupons
shall be authenticated and attcsted by
n fac-simile OF the signatures OF the
! President of the Council. City Control
| Ter and City Clerk. with facsimile
or Autographed corr OF the Seal OF the
City of Pueblo.
Soc. II. II Is hereby ordered that
notice of this ordinance shall be by
publication of the ordinance itself three
times week apart. In the Pueblo
Chicftnin. local newspaper printed
published and circulated in Pueblo. the
first publication OF said ordinance shall
be on, to-wit. the 81 day OF January
| 1922. and the last publication shall be
on. to-wit. the II day of February, 1922
| That on tho II day OF February. 1929
being not less than ton DAYS after said
las ifr tin,, .-a,td