Pueblo chieftain., 1922-02-14
LEGAL NOTICES


may, at the election of the owner bo
maid in insstallments with intorest ,g
hereinafter provided.
Sec. o. Failure to pay the whoIe
OF said assessments within said period
of thirty DAYS shall be concllsivoI.
considered and held an election on the
part of all persons interested. whether
under disability or otherwise, to nav
in such installmcnts. All pcrsons
clccting to pay in installments shall
be conclusveiy held and considered
as consenting to said improvements
and such election shall be concluslyoly
held and considered as n waiver oi
any and all right TO question tho
mower or jurisdiction of the City 10
construct the improvements, bo
quality OF the work. the regularity or
sufficiency of the proceeding or the
validity or the correctness OF tho as.
scssments.
Sec. 10. In case of such election tc
pay in installmcnts. the assessments
shall bo payable in twenty equal an
nual instailments of principal. the
first OF which installmeuts shall bo
payable on date to be fixed by said
assessing ordinance and the last In
stallment twenty GOD years there
after, with interest on the unpaid
principal. payable somi-annually. ai
the rate of six CD per cent per an
num- subject to the foregoing provi-
sions. all instalimeuts both OF priu.
cipal aud interest. shall be payable al
such times MS may he determined and
fixed by said assessing ordinance
sec. II Failure To pay any install.
mant. whether OF principal or inter.
est when duc shall cause tn whole
of tho unpaid principal to become due
and payable Immediately. aud the
whole amount OF tho unpaid principal
and accrued interest shall Thereafter
draw Interest at tho rate of l per
cent per month or fraction Of
month. until day OF sale, as herein.
after provided; but at any time prior
to the day of sale. tho owner may psy
tho amount of all unpaid installmeuH
with interest at one per cont per
month or fraction OF n month and all
penalties accrued, and shall thcreupou
be restored to tho right thereafter to
my in installmcnts in tho same man
fcr rs IL default had not been suffer
ed Tho owner of any property not In
default as to any installment OF inter-
est or principal, may at any time pay
the whole OF tho unpaid principal with
interest ACQUIRING to tho maturity Of
the next installmont of interest or
principal.
Sec l.. Payments may be made
to tho acting Treasurer Of tho City a.
any time within thirty days after th-
final passage and publication OF the
assessing ordinance and an allowance
or discount OF five per cent shall be
made on all payments during such
period only. a. tho expiration OF said
thirty day period. the acting Treasurer
shall return said assessment roll
showing all payments made thereon
with tho date OF each payment. TO the
city Clerk. Thcrcupon said CITY
Clerk shall prepare a permanent local
roll in a L
In suitable columns each piece of pro-
uerty upon which the asSessme arc
unpaid. tho whole amount OF the as
.cssmcnts unpaid. the date TO which
same were computed. The amount or
each Installmont OF principal and In
terest, tho 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 10
certified hy tho city Clerk under tho
seal OF the City, and by him delivered
to tn. County Treasurer OF Pueblo
County. with his warrant for the col
lection OF tho same. said County
Treasurer shall proceed with the mat
ter of the collection OF said asses
mcnts as provided by tho Act OF ula
General Assembly OF tho stat. OF Colo
RADIO. hereinsboye referred to.
Sec IS. Tn. improvements herein
provided for shall DO paid for in pub
lie Improvement bonds issued by the
City of Pueblo on behalf of said in :
provemcnt district. such bonds shall
be payable out OF the moneys collect
ed on account OF the assessments mada
for said improvement, and shall he
ISSUED In convenient denominstions OF
not more than one Thousand Dollar
$1,000. .o0l each. all OF said bonds
shall bear interest mt the rate OF 81
per cent per Rnnum payable semi
annually. shall bear tho name OF the
impIoVcment district hercinbefore
mentioned to be improved: shall he
and after date. but shall be subject to
calls for payment by tho City o'
pueblo. through tho officer thereof al
said time acting as City Treasurer. ~
any tune prior to said twenty Yea $
after date as by law provided. Sa =
bonds shall be in such form as shnll
DO provided by the Council by resolu-
fion. said bonds shall bc issued by
tho City OF Pueblo. upon estimates of
tho City Engineer. and the actiug
Treasurer OF the City shall preserve q
record OF tho same in a suitable book
kept Tor that purpose; provided. that
such bonds may be used by the Coun-
I'll at par In payment for engineering
and other clerical expenses and costs
of inspection. AS many OF said bonds
as may be required 10 pay said cN-
penScs shall be sold at not less THAN
par upon advertisement Tor not ~
than ten days in somo newspaper "t
general circulation published in tho
city OF Pueblo. and the proceeds, VIII,
the approval OF the City Council use, (,
Tor such purposes. Interest upon sii'
bonds shall he evidenced by coupons;
which coupons shall be authentiehteu
and attesied by fac-simile OF the sls
natures OF the President OF the C9u,.
ell. city Controller and city CietN,
with a facsimile or autographed copy
OF the Seal of the city or Pueblo.
Sec. II. II is hereby ordered tha.
notice of this ordinance shall he ~
publication OF the ordinance Nse'
three times wsck apart In the Fuepp
Chioft'tin, a local newspaper pf,nL-
cd. published and circulated In Pueblo
the fret publication OF said ordinah',
.hnll Ln nn- in-AIIt- tho nth MlN u-