Imperial Valley press., 1937-06-06

urer on or before April 81, 1888, of
equal to the total of unpaid taxes
computed as prescribed in section
62d of this ordinance, plus inter-
est on the whole of said amount at
the rate Of seven per cent per an
mum from and after July l, 1886,
to date Of such payment and by
the further payment on or before
April 81, 1888, of all taxes levied
and assessed for the fiscal year
1937-l938, together with penalties
and costs due thereon, the right of
redemption in installmentS here
under shall be extended to and in
Guiding April 81, 1889, during which
time no sale to the City of such
property shall be made and no deed
to the City shall be made and no
resale by the City shall be made in
accordance with the provisions of
this ordinance. Upon payment to
the City Treasurer, in each sue
ceeding fiscal year but not later
than April 81, until said amount has
been paid, of ten per cent or more
of said total amount together with
interest, at the same rate from the
date of the preceding payment, on
that part of said total amount re-
naming unpaid after such preced-
ing payment, and upon payment
on or before April 81 in each
of said succeeding fiscal years
of taxes for each of said years,
with penalties and costs due
thereon, the right of redemp-
ton shall be extended, the time of
sale to the City and of deed to the
! City shall be postponed and resale
by the City shall be suspended for
successive periods of one year In
the event of failure to make any Of
the payments herein specified TO be
made on or before the dates herein
set forth, the right to pay such
delinquent taxes in inStallmentS
shall cease and terminate and such
property shall thereupon be sub
! ject to sale, or may be decided to
the City or re-sold by the City, in
the same manner as though no cleo
| IlOii W pay III
stallments had been, made.
No sucn payment, nor all of them,
shall be deemed a redemption of
real estate nor affect the right,
title or interest of the City thereto,
but shall be deemed and conSid-
cred as compensation for the use
and occupancy of said real estate
provided, that if each installment
OF delinquent taxes and interest be
paid on or before the respective
dates specified in this section, and
II redemption of such property
shall be made, ON or before the 9th
day of April, 1947, in the manner
hereinafter in this section provided
the amounts previously paid under
the authority of this section shall
be credited on the amount to be
paid for such redemption.
The amount to be paid on or be-
fore the 9th day of April, l947, to
effect redemption of such property
under this section shall be the sum
of the following amounts:
(a Unpaid taxes as prescribed in
Section 62d of this ordinance, with
interest thereon equal to the amount
of interest included in all INSTALL
ment payments, previously made. as
authorized by this section, and, in
addition, interest equal to the
amount of interest due at the time
of such redemption on the re-
mainder. if any, of the amount
payable in installmentS, as author
lied by this section.
Cb) Unpaid taxes for the fiscal
years following the year ending
June 80, 1887, with redemption pen
alties thereon computed in accord
ance with this ordinance.
Except as in this section provided