Pueblo chieftain., 1922-02-28
LEGAL NOTICE,


jurisdiction of the City to construct
the improvements, the quality of the
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 twenty equal an
nual installments or principal, the
first of which installments shall be
payable on date to be fixed by said
assessing ordinance and tho last in
stallment twenty (20) years there
after. with interest on the unpaid
principal, payable semi-annually, at
the rate of six t6) per cent per an
mum: subject to the foregoing provi-
sions, all installments both of prin-
cpal and interest shall be payable at
such times as may be determined and
fixed by said assessing ordinance.
See. 1 /, Failure to pay any INSTALL
mcnt, 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 / per cent per
month or fraction of month. until
day of sale, as hereinafter provided:
but at any time prior to the day OF
sale. the owner may pay the amount
of all unpaid installments with inter-
est at one per cent per month or frac-
tion of a month and all penalties ac-
crued. and shall thereupon be restor-
ed to the right thereafter to pay in
installmenrs in tho same manner as II
default had not been suffered. The
owner OF any property not in default
as to any instalment of interest or
principal. may at any time pay the
whole of the unpaid principal with In
! terest accruinE to tho maturity of the
next insrnllment of interest or prin-
cipal.
Sec. II. Payments may be made to
the acting Treasurer OF tho City at
any time within thirty days after tho
final passage and publication of the 1.
assessing ordinance and an allow
ance or discount of five per cent
shall bn 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. Thcreupon said City
Clerk shall prepare 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 tho as
scssments unpaid. the date to which
same were computed, the 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 penalty. Said roll shall ba
| ccrtlIleu Dy lue CITY tlerk unucT tn6
Seal OF the city, and by him delivered
| to the County Treasurer of Pueblo
! County, with his warrant for the COL
lection of the same. Said County
Treasurer shall proceed with tho mat
ter of the collection of said assessments
as provided by the Act of the General
Assembly OF the State OF Colorado.
hereinabovc referred to.
| Sec. 49, The improvements herein
provided for shall be paid for in public
nprQvencnf bonds issued hV fhA or "
OF Pueblo on behalf Of said improves
ment district such bonds shall be pay
| 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 81. .0OO OO)
c1ch: all OF said bonds shall bear in.
tcrest at the rate OF six per cent per
annum payable semi-annually, shall
bear the name OF tho improvement dis
trict hercinbcfore mentioned to be Inn
proved: shall be payable to bearer
twenty years from and after date. but
J shall be subject to calls for payment
/ by the City of Pueblo. through the Of
fcer thereof Mt said time acting AZ
city Treasurer, at any timc prlor to
said twenty years after date A. by
| law provided, said bonds shall be in
such form as shall be provided by the
| Council by resolution. Said bonds shall
be issued by tho city OF Pueblo. upon
estimates of the City Engineer. and tho
| actlnS Oi tue Nslty Bnau pro-
serve a record OF the same In a suit
able book kept for that purpose: pro-
vidcd that such bonds may be used
by the Council at par in payment for
engineering and other clerical ex-
pcnscs and costs OF inspection. As
! many OF said bonds may be re-
duired to pay said expenses shall be
| sold at not less than par. upon ad-
vcrtisement for not less than ten days
in some newspaper of general circu-
| lation published in the City Of Pueblo.
and tho proceeds. with the approval
OF tho City Council used for such pur-
3 pose. Interest upon said bonds shall be
/ evidenced by coupons. which coupons
shall bc authenticated and attcsted by
a facsimile OF the signatures of the
President Of the Council, City Control
Ter and city Clerk. with n facsimile
/ or autographed con- of the Seal of tho
| City of Pueblo.
Sec. u. II is hereby ordered that
notice of this ordinance shall be by
publication OF the ordinance itself thres
| times week apart. In the Pueblo
| Chicftain, local newspaper printed.
published and circulated in Pueblo. tho
I first publication OF said ordinance shall
/ he on, to-wit the 81 day OF January.
1872 and tho last publication shall bs
. on. to-wit. tho II day OF February, 1922.
That on the e7 day of February. 1922.
being not less than ten DAYS after said
/ last publication. said ordinance shall
! he put upon It's final passage. and II
passed shall be published once In said
] newspaper on tho Is day of February.
, 1872 being within five days after Its
final passage. Notice is hereby given
that protest n writing against said
ordinance by owners of 30 perccutum
or moro OF snid frontage to he assessed
for said improvements. may be filed
with tho City Clerk within thirty days
after its final passage ms aforesaid. as
provided In Article Four, Section
Eleven Of the Charter OF Pueblo.
introduced Janunrv 30th. 1922.
By JOHN NJ JACKSON.
Commissioner.
APPROVED: JOHN NJ. JACKSON,
President of Council.
ATTaST; ]. W. CARPENTER,
l-inrlr