Pueblo chieftain., 1922-01-31
LEGAL NOTICE

| AhSo@hb AN011SIS
shall be payable in twenty equal an
nual installments or principal the
first of which installments shall be
payable on a date to be fixed by said
assessing ordinance and the last in
stallment twenty (2o) years there
after. with interest on the unpaid
principal, payable semi-annually, at
the rate of six (6) per cent per an
mum; subject to the foregoing provi-
sons, all installments both of prin-
cipal and interest. shall be payable at
such times as may be determined and
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 ana
payable Immediately and the whole
amount of the 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 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
installments in the same manner as il
default had not been surIered. The
owner OF any properly not III uelduit
as to any installment of Interest or
principal, may at any time pay the
whole of the unpaid principal with IN
tercst accruing to the maturity of the
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
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 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
sessments unpaid, the date to which
same We're computed, tho amount of
each installment Of principal and in
terest. the date when same shall be-
come 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 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 Generarl
Assembly of the State of Colorado,
hereinabov referred to.
Sec. 1S. The Improvements herein
provided for shall be paid for in public
Improvement bonds issued by the City
OF Pueblo on behalf of said improve
s,-t, a., d.,
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 (Sl 10000
each: all of said bonds shall bear in
terest at the rate OF six per cent per
annum payable semi-annually. shall
bear the name OF the Improvement dis
trict herc!nbeforc mentioned to be i'm
proved: shall be payable to bearer
twenty years from and after date. but
shall bo subject to calls for payment
by the City OF Pueblo. through the Of
ficer thereof at said time acting as
City Treasurer. at any time PRIOR to
said twenty years after date as by
law provided. said bonds snail be In
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 a record of the same In a suit
able book kept for that purpose: pro-
vlded, that such bonds may be used
by tho Council at par In payment for
engineering and other clerical cN-
penscs and costs of inspection. As
many OF said bonds as may be re-
CURED to pay said expenses shall be
sold Mt not less than par. upon ad-
Nertisement for not less than ton DAYS
In some newspaper OF general circu-
lation published in the City OF Pueblo.
and tho proceeds. with tho 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 attested by
a facsimile OF the signatures OF the
President of the Council. City Control
lor and City Clerk. with a fac-simile
or Autographed con- OF the Seal of the
City OF Pueblo.
Sec. 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
Chieftain, 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, 1927.
That on tho II day OF February. 1922,
being not less than ten days after said
last publication, said ordinance shall
w put upon Tvs ii'lai passage, ana IT
passed shall be published once In said
newspaper on the 2s day Of February.
1922. being within five days after Its
final passage. Notice is hereby given
that a protest IN writing against said
ordinance by owners OF 10 pcrcentum
or more Of said frontage to be assessed
for said improvements. may be filed
with the City Clerk within thirty days
after its final passage as aforesaid. az
provided in Article Four Section
Eleven Of the Charter Of Pueblo.
Introduced january Goth 1920