Laserfiche WebLink
~ ~. Darmstatte~ <br /> <br />tary eontr&ct o~I lndicatln~ the procedure therefor° <br /> <br />provides for the immediate preseFT~t~on ef the public ~r~pe~y ~d ~e <br /> <br />· E I~ OIb~I~BYTBECOUNCIL'OF 'TI~? CITy OF <br /> <br />in meetio~ 4295 of the ~ ~ode eft 0~ t~ ~Y be <br />eec~ity for a depos~ contact flrst~t$~e eecur~tlese ~ set <br />forth ~n sectio~ 22~1 ef t~ ~ene~ c~e of 0~$ pro~ide~ <br /> <br />~ such p~r~ s~e~en ~p~r~e~ytwo freeho~ers <br /> <br />g~e seour~tie~ so t ende~ ~t ~ ~ppro~d ~ ~e d~rector of <br />~d t~ d~reetor of ~e~ ~ubJect to ~ l~it~ here~ffter stat~ <br />~d also eu~ect to She ~qui~e preeor~b~ ~ ~e eo~cil ~ her~ <br />i~fter s~; ~ ~er t~t the ~ount secur~ ~ su~ ~r~e <br />~o~rty therein described ~ ~ete~dby much mppr~seza~ a~ the <br />~rtg~e ~ec~rity f~e~d by~~~l ~w~e ~ at l~ettten <br />per cent ~:1~$) ~n ~oess of the ~t of deposit sec~ed~ such mor~ <br />~e seedily, <br /> <br />e~t~ o~y wh~ the ~t ~o~ by ~u~ ~ee ~11 ~ not <br /> <br />aecu~ ~nd ~n ~1 cesen w~re ~s ~ ~s~ ~ne o~r <br />cent (~ o~ s~ae~e~ ~1 ~. s~c~d ~ u.~. ~w~ <br />~t~ket ~ue. ~he ~.te~:~ ~ Cent ~10~ ~cess eo~e~ ~e~n <br />~qu~red where ~r~e aec~t~cs ~e ~cept~, ~i een~st of <br />~ 5t~te~ ~o~e~nt ~o~ er s~etyb~e er ~c~p~e~s at ~ket <br />val~, w~ch ~lue ~ be ~ete~d ty ~e director of <br />is e~t~r co~ition ~ the ~cep~ce ~f ~h~r~e sec~ ~t <br />8~uld the director of i~ t~ ~rector of f~nce at ~ t~ be- <br />c~me dissmt~effi~ ~lth a~ mortg~e eec~ty s~ deposited t~ ~- <br />pos~ti~ t~ ~e e~ll ~d~mte~ ~on d~e substitute a <br />~e which will ~t the requ~nt~ of t~e ordi~e ~ud oai~ diroc- <br /> t~ra' In t~ e~t ~t ~t t8 deei~ to can~l~rtg~e <br />se ~epcs~ted with~e cf~ ~ aec~i~ t~~epcsitl~ the ~ <br />a~ll ~ve ~e r~$t te substitute ~er mert~ges~ ~eting ~e <br />~nt8 of t~8 ordl~e for ~e ~rtg~e so to be cancelS. In ~1 <br />e~e8 council s~ll ~eto~e whmn ~ ~ch~e ~curl~ ~l <br />~ccepted ~ t~ ~o~t t~e of t~t ~ rece~ve~ <br />~rtf~ge 8~11 Be ~ece~ved ~r re~in~ ~ aatisf~ctory security <br />there ~s ~ default ~n ~ ~nt of principal er lnte~st or of <br />es a~ assessments for a~r~ ~ceedl~six (6) months ~ter much <br />s~llment of principalf ~nte~st~ ~es o~ ~sessmen~s ~come due; <br /> <br /> ~e and of t~ ~y~n~ ~e t~r~n ~t ~ ba~, ~oh~ <br /> port q~terly ~ the d~c~cr eF fi~e t~ ~nt~ an~ ~ell~uen- <br /> <br /> wood~ <br /> <br /> <br />