Pueblo chieftain., 1922-01-21
LEGAL NOTICE

Clerk shall prepare local assessment
roll in book form, showing in suitable
columns each piece of property as
sesscd, the total amount of assess
ment. the amount OF each installmcnt
of principal and interest tho date
when each installment shall becoms
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 (30)
days after the final passage and pub
lication of the assessing ordinance
without demand all such assess
err, be paid In installmcnts with inter
est as hereinafter provided
Sec. .. Failure to pay the whole OF
said assessments within said period OF
thirty days shall be conclusively con-
sidered and held an election on the
part of all persons interested. whether
>undcr disability or otherwise. to pay
in such ins,allmcnts. All persons elect.
Ing to pay in nstaIlments shall b.
conclusivcly held and considered as
consenting to said improvements and
such election shalr be conclusivcly held
apd considered as waiver OF any
and all right to question the power or
Jurisdiction OF the city to construct
the improvements. the quality or the
work. the regularity or sufficlency of
tho proceeding or the validity or the
correctness of the assessments.
Sec, 10. In case OF such election to
pay in installments. the assessments
shall he payable in 20 equal annual in
stallnents Of principal, tho first OF
which instalments shall be payable on
4 date to he fixed by said assessing
ordinance and the last instsllment
twenty GOD years thereafter. with in
terest on the unpaid principal, payable
scrni- annually, at the rate OF six 90
per cent per annum, subject. to the
foregoing provisions, all installncnts
both OF principal and interest, shall
he payable at such times as may be
determined and fixed by said asscss-
ing ordinance.
Soc. II. Failure to pay any install
mcnt. whether of principal or interest
when due shall cause the whole OF tho
unpaid principal to become due and
payable Immediately. ard The. whole
amount OF tho unpaid principal and
accrued interest shall thereafter draw
interest at tho rate OF per cont per
month or fraction Of n month. until
day OF sale. as hereinafter provided:
but at any time prior Ia the day OF
sale tho owner may pay the amount
OF all unpaid installmcufa with inter
est at one per cent per mouth or
fraction OF month and all penalties
accrued. and shah thcrcupon bo re-
stored to tho 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 installmeut OF intcrcsv or
principal, may nt any time PAY the
whole OF the unpaid principal with in
icrcst nccruing to the maturity of the
il"Ht instAllmcnt OF Interest or prin-
cipsL
Sec, IL Payments may be made to
the acting Treasurer OF the city at
any time within Thirty DAYS after Tie
'Inal passage and publication OF ths
assessing ordinance and an allowance
or discouuto five per cont shall he
made on all payments during such
period only. Al tho expiration OF saia
thirty day period. the acting Treasurer
shall return said assessment roll. show
Ing all payments made thereon with
tue date OF each payment, to tho city
Clerk. Thcrcupon said City Clerk shall
prepare n permanent local assessment
roll in book form. showing In suitable
columns each piece OF property upon
which assessments arc unpaid. Tho
whole amount OF the assessments un-
paid. the date TO which same were
computed. the amount OF each INSTALL
nent OF principal and interest. the date
when same shall become due with
suitable columns for use IN case OF
pa yment OF any installmcnt or penalty.
said roll shall bc certified by the City
Clerk under the Seal OF the Ciiy, and
by him delivered TO the County Treas
urcr OF Pueblo cornty, with his war
rant for the collection OF the SANE
said county Treasurer shall proceed
with the matter OF the collection OF
said assessments as provided by the
Act OF the General Assembly Cr tho
state OF Colorado. here Inabovc refer
red 10.
See. u. Tho improvements herein
provided for shall be paid for iu pub
! lie Improvement bonds issued by the
| city OF Pueblo on behalf or said In
provem-nt district. such bonds shall
| hc payable out ot the moneys collect
cd on account OF the assessments made
| Tor said Improvement. and shall be is
sued in convenient dcuomlna lions OF
not more than ono Thousand Dollars
| tN,ococH) each. all OF said bonds shall
beaT interest at the rate OF six per
cent per aruum payable scmI-annual-
/ ly. SHALL bear the namo ~ the I'M
proYcnent district hcrvinhoforc mon
TONED 10 hr Improved shall be nay
able to bearer twenty years from and
after date. but shall he subject 10
calls for payment py the city OF Pa
cblo. 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
bonds shall be in such form as shall
| be provided bs the Council by rosolu-
| ton said bonds shall be issued nv the
city OF Pueblo. upon estimates OF the
city Engineer. and the acting Treas
urcr OF tho city shall preserve a rec
ord OF ike same ia "A suitable book
kept for that purpose. provided. that
such bords may be used by the couu-
ril at par In payment for engineering
aud other clerical Expenses and costs
OF inspection. AS many OF said bonds
as may be required IL pay said cN-
pcnscs shall be sold at not less than
par. upon advertisements for not less
| than ten days IN some newspaper OF
] general circulation published tn The
| city or Pueblo. and toe proceeds. with
tho approval OF the city Council used
for such purpose. Interest upon said
bonds shall be evidenced by coupons.
and atte'sted by a fac-simile OF tho sig-