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·. ORIGINAL
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ORDINA~fCl: NO • .i.Q.Z1
AN ORDINANCE AMENDING THE PAU> AL~?O IMPROv!:MENT PRocEDuRE
• CODR, REL.ATINO TO ·PJ~YUM C>l" ASSESSMENTS J~
• ADVANCE MJ''l'U:ti'l'Y OP BONDS· •
The Counc!l of the. C1 ty or Pc: :to Alto does ordain as tollow& :-. ... . . •
Section 1.. Section 334 or 'tt.Et Palo Alto Improvement Procedure
Code, being Ordinance No. '1928,. adq:::teci· Aprtl ll, 1960, is ame11$1ed
to read: • ..
11 334. Payment or Assessme:nts Aftetr Bonds Issued. After the
bonds ca.re Iss~.;ed, '€he esseasu:~nt-o'\i any parcel may be paid in
advance· in the manneJI· provided :1 n the~ 1915 Act by paying to th1e ·•
'I-re.asurer the unpaid balance ot p.rinc:ipal 1 plus one year's ..
interest~ plus 5 ~el'"··cent or the 11U}r.1a principal amount or "the
assessment-., plU:a $10 tor-the cest o publication or Not1c.a of
Call. The person paying ahal.l r.o'<; be entitled to any refund."
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Section ·2. Section 334 shall apply t9 all as~esements unpaid . .
on the effective date of this Or'Ciin.ance regardless or the law or
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Co~e under which they were levied .. 0·
:section 3. This ordinance shall go intq effect thirtt (~0)
days a:rter its final passage by the Council. "
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The above and foregoing Ordinance was duly and regularly
introd1.1oed at a regular meeting or the Council or the City .. of Palo
Alto OJ'l Mo.nday, the 26th day or February ~ 1962, and wa& ttaere-
atter J;>-QSl!ed at a regular meet1~~(5t..-the Council or thet City or
Palo Alto·. ·On Mondav , the 12th day of ____March , l9Ei2,
by the :following vote: ---
AYF..S: Arnold, ByxbeE~, Debs, DilS, Ha.ight, Marshall, Porter,
Rodgers, Rohrs, Ru:3. ·woodVI•arci, Zweng.
NOES: None.
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JIBSEi!IT: Bishop, Cresap, Stepbe~,__ M\ It~ 1
Al?PRCIVED: ':\~~ 'lf1.--..i-'-.{ _
-Mayor ·C)
A'rl'EST:
__ (~k~k · }'"ty Clerk
. ~~~PPROVED AS~
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