Imperial Valley press., 1936-01-17
LEGAL ADVERTISING

OICy, do III lnlS ordnance prOVId-
ed.
Upon payment to the CITY
treasurer on or before April 81
1886, OF ten per cent, or more. of
an amount equal to the total of
delinquent taxes, except for the
fiscal year of 1935-1936, computed
without penalties or costs, plus in
tereSt on the whole of said amount
at the rate of seven per cent per
annum from and after July lst.
1884, TO date of such payment, and
by the further payment on or be-
fore April 27, 1886, of all city taxes
levied and assessed for the fiscal
year 1935-1936, together with PEN
altieS and costs due thereon, the
right of redemption in installments
hereunder shall be extended to and
including April 27, 1887, during
which time no sale or deed to the
City of such property shall be
made as in this ordinance provided
Upon payment to the City Treas
urer, in each succeeding fiscal
year, but not later than April 9th,
until said amount has been paid,
of ten per cent or more of said
total amount, together with inter-
est at the same rate from the date
Of the preceding payment, on that
part of said total amount remain
ing unpaid after such preceding
payment, and upon payment on or
before April 9th in each of said
succeeding fiscal years, of city
taxes for each of said years, with
penalties and costs due thereon,
the right of redemption Shall be
extended, and the time of sale and
of deed to the City and of dis
posal by the City shall be post
poned for successive periods of
one year.
In the event of failure to make
any of the payments herein speci-
fled TO be made, on or before the
dates herein set forth, the right to
pay such delinquent taxes in in
Stallments shall cease and termin-
ate, and such property shall there
upon be subject to sale to the
City, or may be decided to the City,
or disposed of by the City, in the
same manner as though no election
to pay delinquent taxes in INSTALL
ments had been made.
No such payment, nor all of
them shall be deemed a redemp-
ton of real estate, nor affect the
right, title or interest of the City
but shall be deemed and
considered as compensation for the
use and occupancy of said real eS-
tate; provided, that if each in
stallment of delinquent taxes and
be paid on or before the
dates specified in this
section, and if redemption Of such
shall be made on or be-
fore April 9th, l945, in the manner
hereinafter in this section provided,
then the amounts previously paid
under the authority of this sec
ton shall be credited on the amount
TO be paid for such redemption.
The amount to be paid on or
before April 27 1945, to effect re-
demption of such property under
this section shall be the sum OF
the following amounts:
(A Unpaid taxes as prescribed
in this ordinance, with interest
thereon equal to the amount OF
included in all installment
previously made, as au-
thorized by this section and IN
addition, interest equal to the
of interest due at the time
of such redemption, of the re-
if any, of the amount
payable in installments, as au-
thorized by this section.
(b) Unpaid taxes for the fiscal
years following the year ending
June 3Oth, 1885, with redemption
penalties thereon computed in ac-
cordance with this ordinance.
Except as in this section proVld-
ed. such redemption shall be made
in the manner prescribed in TINS
ordinance and in Section 60 here
Of.
SECTION III: A new section is