HomeMy WebLinkAboutOrd 323 05/09/1950
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ORDINANCE NO. 32.3
AN ORDINANCE FOR THB SALE AND
ASSIGNMENT OF CERTAIN JUDGME11T
LIENS FOR CERTAIN OVER-DUE AND
UNPAID INSTALLMENTS OF CERTAIN
SPECIAL ASSESSMENTS HELD BY THE
VILLAGE OF MOUNT PROSPECT, COOK
COUNTY. ILLINOIS.
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BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS.
WHEREAS~ the Village of Mo~~t Prospect is the holder
and owner of certain judgment liens for certain respective in-
stallments of certain special assessments proceedings, which
are liens,against certain parcels of property, all of which is
more particularly set 011t in the schedule hereinafter referred
to; and
WHEREAS. said liens are over-d~e and unpaid and have
in many cases been forfeited for such non-payment; and
WHEREAS. the collection of said liens by legal proceed-
ings will necessitate the expenditure of a large amom~t of money
by the Village of Mount Prospect; and
WHEREAS. by reason of the provisions of statute now in
force and effect, the Village of Mount Prospect as the holder
and owner of said several liens is authorized to sell and assign
the same; and
"W1iEREAS. all of the bonds and interest thereon, inter-
est coupons on the said bonds, and vouchers issued to defray
all expenses in connection with the said proceedings have been
heretofore paid in full and cancelled so that there are now no
outstanding obligations of any nature whatsoever against the
special assessment warrants of the Village of Mount Prospect
herein involved; and
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WHEREAS, SHETh~ H. CANTY has proposed to purchase said
respective liens on the Special Assessment Warrants hereinafter
enumerated of the Village of Mount rrospect from the said
Village, at one hW1dred per cent ~IOo%) of the principa~ there-
of, and has proposed to pay the said Village therefor, the sum
of One Hundred Eighty,Dollars and Thirty Cents ($180.30), pro-
vided proper assignment thereof is executed to him; and
'WHEREAS, It is deemed by the President and Board of
Trustees of the Village of Mount Prospect that such sale and
assignment of said liens is for the best interests of said
Village of Mount Prospect, and that there exists due and ample
consideration therefor, and that such payment is fair, just and
equitable, and that such proposition should be accepted and
such sale and assignment consummated;
NOW, THEREFORE, IT IS HEREBY ORDAINED AS FOLLOWS:
SECTION 1. The said Village of Mount Prospect does here-
by sell and assign to SHERMAN H. CANTY each and all of the sev-
eral judgment liens for the several installments of the several
special assessment proceedings against the several parcels of
property described in the schedule shown in Section 5 hereof,
it being a consideration of such sale and assighment that the
said SHEffilAN H. CANTY will, upom this Ordinance becoming effec-
tive, and concurrently with and in exchange for an instr~ent of
assignment by the said Village of Mount Prospect to him, sell-
ing and assigning said liens, pay to the Village of Mount
rospect, in cash, the sum of One Hundred Eight Dollars and Thirty
ents: ($180.30).
SECTION 2. The President of the Village of Mount Pros-
ect and the Village Clerk are hereby authorized to execute an
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instrument of sale and assignment, assigning to said SHERMAN H.
CANTY, the said several liens mentioned herein, and deliver
said instrument of sale and assignment to him upon the payment
by him to said Village of ~ount.Prospect of the said sum of
One Hundred Eighty Dollars and Thirty Cents ($180.30).
SECTION 3. The sale and assigrunent of the several liens
herein authorized shall be for the agreed price of one hundred
per cent (100%) of the face amount of the judgment of confirma-
tioh of each of said respective liens, which said sum aggregat-
lng ~he amount of the purchase price aforesaid, when so received,
shall ee placed to the credit of the said several installments
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of said several special assessment proceedings, upon the books
of the said Village of Mount Prospect, showing such liens and
installments, in full and complete satisfaction of said liens
against said property.
SECTION 4. This Ordinance is hereby adopted by the
President and Board of Trustees of the Village of Mount Prospect
in consideration of the immediate payment of the purchase price
of said liens, and for the purpose of avoiding delay and expen-
diture reauired for the enforcement of the collection thereof by
,legal process.
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SECTION 5.
The several liens for the several install-
ments of the several special assessment proceedings against the
certain properties effected thereby, which are hereby authorized
to be sol~ and assigned, are particularly specified as follows:
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SCHEDULE SHOWING DESCRIPTION OF CERTAIN
PROPERTIES IN THE VILLAGE OF MOUNT PROS-
PECT, COOK COUNTY, ILLINOIS, AGAINST ~~ICH
THE SPECIAL INSTALLMENTS SPECIFIED THEREIN
OF THE RESPECTIVE SPECIAL ASSESSMENT PRO-
CEEDINGS INDICATED ARE THE LIEN AND THE
AMOUNT OF EACH AS SHOWN FROM THE JUDGMENT
OF CONFIRMATION RESPECTIVELY.
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In Busse's Subdivision of Block 7 ~excePt
South 196 feet) in Busse's & Wille s Re-
subdivision in Mount Prospect in the West
half of Section 12, Town 41 North, Range
11, East of the Third Principal Meridian,
in Cook County, Illinois.
Lot
15
No. of Install-
ment of such lien
Respective No. of
Assessment Proceed-
ing constituting
such lien
Amount of In-
stallment as
shown by judgment
of confirmation
16
7 15 $ 35.33
8 15 35.33
9 15 35.33
10 15 35.33
10 15 38 . 98
%l 180.30
SECTION 6. This Ordinance shall be in full force and
effect from and after its passage and approval, according to
law.
PASSED:
APPROVED:
tbis~ day of May, A.D. 1950.
this 91$. day of May, A>>950.
4~ US, U~-
President
ATTEST:
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AYES:
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NAYS:
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ABSENT:
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