05281963 Regular Meeting - Laserfiche WebLink

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.. - /{).!( Co ,'. . . to all such lots, shall be made the subject of a single suit; and such suits shall be by Second Party prosecuted with dispatch to final judgment and sale under the terms and within the intent of this Contract unless said taxes are sooner collected. 3. Second Party further agrees that where it becomes necessary to prepare and file suits for the enforced collection of delinquent taxes on real property, he will procure from a reputable abstract company complete run sheets, showing all instruments recorded within the past fifty years which effect the title to such property that he will read such instruments and view the property on the ground, to determine the rights of all persons in possession, either by actual occupancy, by maintenance of fences or by any other visible evidence of a claim of title. Second Party further agrees to make inquiry of persons in a position to know, in order to de- termine the names and present whereablouts of deceased owners. their heirs and legal representatives. Such run sheets and all information developed by such investigation shall be preserved by Second Party until judgment has been entered and the property sold, at which time it shall be delivered to First Party. "When any tax suit based on such title information is filed, Second Party is author- ized and instructed to seek recovery of the expense of procuring such title information as a part of the court costs in such suit. c\ h ~T- n , ~ 4. Second Party shall prepare all petitions, citations, notices by publication, personal service citations, notices by posting, judgments, notices of sale, orders of sale, schedules of property involved in suit, and any and all other instruments of writing and things necess- ary or required to be done for the collection of all delinquent taxes hereunder, except the names and addresses of delinquent taxpayers and the detailed tax statemmt required to be furnished by First Party under Section 2 of this Contract. 5. It is further agreed and understood that Second Party shall furnish as needed and at his own expense, all stationary, legal blanks or forms, postage stamps, envelopes and printing, togebher with all legal work and labor necessary to complete this Contract including labor and expeBse incurred in procuring data and information, identity and location of necessary parties to suit and in procuring necessary legal description of the property involved, also that Second Party shall payoff and discharge any and all bills an5 state- ments for any other expenses incurred in the prosecution of his performance under this Contract, it being hereby expressly under- stood and agreed that First Party shall not be responsible for payment of any such expense or costs or any part thereof. 6. First Party agrees to pay unto Second Party, as compensation for the services hereunder required of and performed by the latter, a sum of money equal to fifteen per centum (15%) of the amount collected and actually paid to the tax collector of said City, of delinquent taxes, penalty and interest, during the term and duration r-- of this Contract, payments to be made monthly. ~/ft . 7. This Contract Shal\~~e5,in force from the 1st day of July,1963, J-I to the date of July I, - both dates inclusive, and at the expir- ation of said period this Contract shall terminate and be ended; provided that Second Party shall be allowed the additional period of six (6) months in which to prosecute to judgments in the trial JLIflt court suits by him filed prior to said date of termination of this r"" jT Contract, July 1, ~and to handle to conclusion within such siE-month period immediately following the termination date afore- said, all suits in which trial court judgments shall be obtained by him prior to such termination date and which judgments shall have been appealed by either party thereto. First Party shan have the