Las Vegas City Ordinances, November 13, 1950 to August 6, 1958, lvc000015-570

Signed A.F. SCHELLACK Subscribed and sworn to before me this 11 day of March, 1958 s/ NEOLA GIERHART NOTARY PUBLIC IN AND FOR CLARK COUNTY, NEVADA My Commission Expires April 14, 1958 EMERGENCY ORDINANCE NO. 762 AN EMERGENCY ORDINANCE TO AMEND SECTION 15 OF EMERGENCY ORDINANCE NO. 758 ENTITLED: "AN EMERGENCY ORDINANCE CREATING STREET IMPROVEMENT ASSESSMENT DISTRICT NO. 100-35; PROVIDING FOR THE IMPROVEMENT OF A CERTAIN DESIGNATED STREET THEREIN; PROVIDING FOR SPECIAL ASSESS­MENTS ACCORDING TO BENEFITS TO DEFRAY THE STATED ENTIRE COST THEREOF; DIRECTING THE PRE­PARATION OF AN ASSESSMENT ROLL AND THE REPORTING OF THE SAME TO THE BOARD OF COMMISSION­ERS; PROVIDING FOR FILING OF SAID ROLL WITH CITY CLERK; PROVIDING A TIME AND PLACE TO REVIEW SAID ASSESSMENTS AND NOTIFICATION THEREOF; PROVIDING FOR THE CORRECTION AND/OR CONFIRMATION AND APPROVAL OF SAID ROLL THEREAT OR THEREAFTER; PROVIDING FOR THE INDORSE­MENT ON SAID ROLL OF SAID CONFIRMATION AND APPROVAL; PROVIDING FOR THE DELIVERY OF SAID APPROVED ROLL TO THE EX-OFFICIO CITY ASSESSOR; PROVIDING THAT SAID ASSESSMENTS SHALL CON­STITUTE A LIEN; PRESCRIBING THE METHOD OF PAYING SAID ASSESSMENTS AND THE INTEREST THERE­ON; PROVIDING FOR THE DISPOSITION OF SAID ASSESSMENTS; DIRECTING THE NOTIFICATION BY MAIL WHEN AND WHERE SAID ASSESSMENT IS DUE AND PAYABLE; RATIFYING, APPROVING AND CONFIRMING ALL ACTION HERETOFORE TAKEN TOWARD IMPROVING SAID STREET IN SAID DISTRICT; TOWARDS ITS CREATION AND TOWARD LEVYING AND EFFECTING SPECIAL ASSESSMENTS; PROVIDING OTHER MATTERS RELATING THERETO; AND DECLARING AN EMERGENCY." BY ESTABLISHING APRIL 1ST OF EACH YEAR AS THE DATE WHEN ANNUAL INSTALLMENTS OF UNPAID ASSESSMENTS SHALL BE DUE; RATIFYING, APPROVING AND CONFIRMING ALL ACTION HERETOFORE TAKEN TOWARD IMPROVING THAT CERTAIN STREET IN SAID DISTRICT, TOWARD ITS CREATION AND TOWARD LEVYING AND EFFECTING SPECIAL ASSESSMENTS; PROVIDING OTHER MATTERS RELATING THERETO; AND DECLARING AN EMERGENCY. WHEREAS, Street Improvement Assessment District No. 100-35 was created by Emergency Ordinance No. 758; and WHEREAS, Section 15 of said ordinance contemplated that the Assessment Roll would be confirmed during February, 1958, and that the unpaid assessments would be paid on the 1st day of March of each year until completely paid off; and WHEREAS, the assessment roll cannot be confirmed until some time during the month of March, 1958; and WHEREAS, because of such circumstance the annual installments of principal and interest should not be paid until April 1st of each succeeding year. NOW, THEREFORE, the Board of Commissioners of the City of Las Vegas does ordain as follows: SECTION 1. Section 15 of Ordinance 758 is hereby amended to read as follows: That said assessments shall be due and payable at the office of the County Treasurer of Clark County, Nevada, Acting Ex-Officio City Treasurer and Ex-Officio Tax Collector of the City of Las Vegas, Nevada, within four weeks after said special assess­ment roll is confirmed and approved, without interest and without demand; provided, that all such assessments, or any part thereof, may, at the election of the owner, be paid in installments, with interest, as hereinafter provided. Failure to pay the whole assess­ment, or any part thereof, within said period of four weeks shall be conclusively con­sidered and held an election on the part of all persons interested, whether under dis­ability or otherwise, to pay in such installments. In case of such election to pay in installments, the unpaid assessments shall be payable at the office of said Ex-Officio City Treasurer in ten substantially equal annual installments of principal, the first of which installments of principal shall be due and payable on or before the 1st day of April, 1959, and the remainder of said installments shall be due and payable succes­sively on or before the same day in each year thereafter until paid in full, with in­terest in all cases on the unpaid deferred installments of principal from the 1st day of April, 1958, at the same rate of interest as that provided for in the special assess­ment bond to be hereafter authorized, sold, issued and delivered, but not to exceed seven per centum (7%) per annum, payable annually at the office of said Ex-Officio City Treasurer, the first annual payment of interest being due and payable on the 1st day of April, 1959, and the remainder of said annual installments of interest being due and payable on the 1st day of April in each year thereafter. Failure to pay any install- ment, 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 bear penalty at the rate of ten per centum (10%) per annum, until the day of sale, but at any time prior to the day of the sale, the owner may pay the amount of all unpaid installments, with interest thereon at ten per centum (10%) per annum, and all penalties accrued, and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if de­fault had not been suffered. The owner of any property not in default as to any in- stallment or payment, may, at any time, pay the whole of the unpaid principal with That said newspaper was regularly issued and circulated on each of the dates above named.