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Section 7. That the Clerk of this Council be and she is hereby directed <br />to deliver a certified copy of this resolution to the Director of Finance of <br />this City. <br /> <br /> Section 8. That pursuant to Section 3 of Article XIV of the Charter of <br />the City of Lakewood~ the Director of Finance of this City be and he is hereby <br />authorized and directed to prepare and file with this Cottucil the estimated <br />assessments of the cost of the improvement described in this resolution. When <br />such estim~ted assessments have been so filed~ said Director of Finance shall <br />cause notice of the adoption of this resolution and the filing of said estimated <br />assessments to be served on the owners of all lots and lands to be assessed <br />as provided in Section 4 of said Article XIV. <br /> <br /> Section 9. That the assessments to be levied shall be paid in ten (10) <br />semi-annual installments~ with interest on deferred payments at the same rate <br />as sh~ll be borne by the bonds to be issued in anticipation of the collection <br />thereof which is now estimated at three and three-quarters per centumper annum, <br />provided~ that the owner of any property assessed may~ at his option, pay such <br />assessment in cash within thirty d~ys after passage of the assessing ordinance. <br /> <br /> Section 10. That bonds of the City shall be issued in anticipation of <br />the collection of assessments by installments and in an amount equ~l thereto <br />and notes of said City shall be issued in anticipation of the issuance of such <br />bonds and the levy of such assessments. <br /> <br /> Section ll. That the remainder of the entire cost of said improvement, <br />after application of the assessments herein provided~ shall be paid by the <br />issuance of bonds in the manner provided by lawo <br /> <br /> Section 12. This resolution~ having been determined to be an emergency <br />measure, shall be in full force and effect from and immediately after its <br />passage and approval by the ~yor. <br /> <br />Adopted: , F,ebruary,20, 1967 <br />Approved: February 20, 1967 <br /> <br />Charl.e.s S. Huffman, Jr. <br /> ' President of Council <br /> <br />Grace Reynolds <br /> Clerk of Council <br /> <br />,,Ro, bertM. Lawther <br /> Mayor <br /> <br /> <br />