Pueblo chieftain., 1922-01-14
LEGAL NOTICE

clark shall prepare q local assessment
roll In book form, showing IN sultaoie
columns each piece OF property as
sessed. the total amount of assess
ment the amount of each installment
of principal and interest, the date
when each installment shall become
due, with suitable columns for use IN
case of payment of the whole amount
or any installment 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 t3U)
days after the final passage and pub
lication of the assessing ordinance
without demand; all such assess
er, be paid in installments with inter-
est as hereinafter provided
Sec. O. Failure to pay the whole OF
said assessments within said period or
thirty days shall be conclusively con-
sidered and held an election on the
part OF all persons interested, whether
under disability or otherwise. to pay
in such installment1 All persons elect
ing TO pay in installments shall be
conclusively held and considered as
conscntiTg 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
tho improvements, the quality of tho
work. the regularity or sufficiency OF
the proceeding or the validity or the
correctness OF the assessments.
Sec. 10. In case OF such election to
pay In instnllmcnts. the assessments
shall be payable in 20 equal annual in
stallmcnts of principal the first OF
which installinents shall be payable on
a date to be fixed by said assessing
ordinance and tho last installmcnt
fu-,, to ft.st .sTf.l tn
tcrcst on the unpaid principal, payable
semi annually. at the rate OF six te)
per cent per annum, subject to the
I foregoing provisions. all installmcuts
both OF principal and interest, shall
| be payable at such times as may be
determined and fixed 10y said assess
Ing ordinance.
Sec. II. Failure to pay any install
ment. whether OF principal or interest
, when due shall cause the whole OF the
unpaid principal to becomc due and
| payable Immediately. and the whole
amount of tho unpaid principal and
accrued interest shall thereafter draw
| interest at the rate OF ! per cont per
month or fraction OF a month. until
| day of sale. hereinafter provided:
but at any time prior t. the day OF
sale. the owner may pay the amount
OF all unpaid installmeuts with inter
/ est at one per cent per month or
| fraction OF a month and all penalties
accrued. and shall ihereupon be re-
| stored TO the right thereafter to pay
| In installmcnts in the same manner 81
II default had not been suffered. The
! owner OF any property not In default
| as to any installmcnt or Interest or
! principal. may at any timc pay the
/ whole OF the unpaid principal with In
tercst accruing to the maturity OF the
noSt installment OF interest or prn-
| cipal.
Sec. IL. Payments may be made 10
the acting Treasurer of the city at
any time within thirty days after tho
final passage and publication OF the
| assessing ordinance and an allowance
or discounto five per cent shall he
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 date OF each payment. to tho city
Clerk Thcreupon said CITY Clerk shall
prepare a permanent local assessment
roll in book form, showing IN suitable
columns each piece OF property upon
which assessments are unpaid. tho
whole amount of the assessments un-
paid. tho date to which same were
computed. the amount Of each INSTALL
ment OF principal and interest. the date
when same shall become due. with
spitabic columns fort use in case OF
payment OF any instaIlm.nt or penalty.
said roll shall be certified by the city
Clerk under the Seal OF tho city. and
by him delivered to the County Treas
urcr OF Pueblo County. with his war
rant for the collection uf the same.
said County Treasurer shall proceed
with tho matter OF the collection OF
said assessments as provided hy the
Act Of the General Assembly OF the
State OF Colorado. hcreinabovc refer
\ rcd to.
Sec. II. The improvements herein
provided for shall be paid for Ia pub-
lie Improvement bonds issued bv TN,
city of Pueblo on behalf of said im-
provement district; uuch bonds shall
be payable out OF tho moneys collect
cd on account OF the assessments made
for said Improvement. and shall bc Is
sued In convenient denominations OF
not more than One Thousaud Dollars
81 10000, each: all OF said bonds shall
bear interest at tho rate OF ak pcr
cent per anuum payable semi-annual-
ly, shall bear the name Of tho im-
Iprovement district hcreinbcTore mem
toned to be improved. shall he pay
able to bearer twenty years from and
after date. but shall bc subject 10
calls for payment ny the CITY of pu-
cbo, through the officer thereof at
said time acting as city Treasurer at
any time prior to said twenty years
after date as by law provided said
ponds shall be ia such form a. shall
be provided Icy the Cuurcl by resotu-
ton. said bonds shall bc Issued ~ ihe
city OF Pueblo. upon estimates OF tho
city Engineer. and the acting Trcas-
urer OF the City shall preserve a rec
ord OF tho same in "A suitable book
kept Tor that purpose; provided That
such bonds may be used hy the Couu-
ell at par in payment Tor engineering
and other clerical cxI,-uscs ana cost,
OF inspection. As many OF said bonds
as may he required 40 pay said cX-
penses shall be sold AT not less than
par. upon advertisement for not less
than ten days In some newspaper OF
general circulation published In the
city of Pueblo. and the proceeds, wlth
the approval of the city Council used
for such PURPOSE. Interest upon said
bonds shall be evidenced by COUPONS