Pueblo chieftain., 1922-02-14
THE PUEBLO CHIEFTAIN
LEGAL NOTICE

sldered and held an election on the
part of all persons interested. whether
under disa hility or otherwise to pay
In such installments. All persons elect
,, lng to pay in installments shall be
conclusiveiy held and considered as
| consenting to said improvements and
such election shall be ccnclusively held
and considered as waiver of any
ana all right to question the power or
jurisdiction of tho city to construct
the 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 installments. the assessments
shall be payable in 20 equal annual in
staliments of principal. the first of
which installments shall bo payable on
date to he fixed by said assessing
ordnance and the last installment
twenty t2oD years thereafter, with in
terest on the unpaid principal. payable
semi annually. at the rate of six t6}
per cent per annum; subject to the
foregoing provisions. all installments
both of principal and interest. shall
be payable at such times as may be
determined and fixed by said assess
Ing ordinance.
Sec. II. Failure to pay any Install
nent, 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 the rate of l per cent per
month or fraction OF a month, until
day of sale, as hereinafter provided;
nut at any time prior u the day of
sale. the owner may pay the amount
OF all unpaid installments with inter
EST at one Der cent month
fraction of month and all penalties
accrued. and shall thereupon be re-
stored TO tho right thereafter TO pay
in install-rants i'll the same manner as
If 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 the maturity of the
next installment of interest or prin-
cipal.
Sec. IL. 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 allowance
or discounto t 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 date of each payment. to the City
Clerk. Thereupon said City Clerk shall
prepare n permanent local assessment
roll i'll book form, showing In suitable
columns each piece OF property upon
which assessments are unpaid. the
whole amount of the assessments un-
paid, the date to which same were
computed. the amount OF each INSTALL
ment OF principal and interest. the date
when same shall become due. with
suitable columns for use In case Of
payment OF any instal'mert or penalty.
Said roll shall be certified by tho 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 OF the same.
said County Treasurer shall proceed
with tho matter OF the collection of
said assessments as provided by the
| Act OF the General Assembly OF the
State OF Colorado. hereinabovs refer
red to-
Sec. 10. The improvements herein
provided for shall be paid for In pub
lie Improvement bonds issued by the
City OF Pueblo on behalf OF said I'M
provement district: such bonds shall
be payable out OF the moneys collect
ed on account OF the assessments made
for said improvement. and shall be is
sued In convenient denominations OF
not more than one Thousand Dollars
(3i .o0o.o .ocl each; all OF said bonds shalt
cent per annum payable semi-annusi-
{ ly. shall bear the name OF the i'm
provement district hereinbcfore men
toned to hc improved shall be pay
able to bearer twenty years from and
after date. but shall be subject to
calls for payment py the City OF Pu-
eblo, through the officer thereof ut
said time acting AS city Treasurer, at
any time prior TO said twenty yeara
after date as by law provided. said
L A. .l...11 -. t. far hal
be provided hy the Council by resolu-
tion. Said bonds shall be issued by tho
City OF Pueblo. upon estimates of tho
city Eugincer. and the acting Treas
urcr OF the City shall preserve rec
ord OF the same in a suitable book
kept for that purpose; provided. that
such bonds may be used by tho coun-
ell at par in payment for engineering
aud other clerical expenses and costs
[ OF inspection. AS many OF said bonds
as may he required 70 pay said eN-
penscs 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 tho proceeds, with
I the approval Of tho city Council used
/ for such purpose. Interest upon said
/ bonds shall he evidenced by coupons.
l which coupons shall bc authenticated
and attceted by "A IA csimlle Of tho sig
natures OF tho President of tho Coun-
/ Gil, City Controller and City Clerk.
with n facsimile or Autographed copy
Of the Seal of tho City OF Pueblo.
Sec. IA. 1t is hereby ordered that
notice of this ordnance shall be by
publication of the ordinance itself
three times a week apart in the Pueblo
Chicftain. a local newspaper print
cd, published and circulated In Pueblo.
the first publication OF said ordinance
shall be on. to-wit. the II day OF Jan
uary, 1922, and the last publication
shall ba on, to-wit, the IS day OF jan
uary. 1922. That on the 13 day of Feb
ruary, 1899, being not less than ten
days after said last publication. said
ordinance shall be put upon its final
passage. and IL passed shall be pub
lishcd once in said newspaper on the
| IL day Of February, 1922, being within
: five Gavs after its final passage. No
tice is heroby given that II protest in
writing against said ordinance by
owners OF 30 por centum or more of
Ia, sd f.,. a