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-2- Section 7. That the Clerk of this Council be and she is hereby directed to deliver a certified copy of this resolution to the Director of Finance of this City. Section 8. That pursuant to Section 3 of Article XIV of the Charter of the City of Lakewoed, the Director of Finance of this City be mud he is hereby authorized and directed to prepare and file with this Council the estimated assessments of the cost of the i~rovement described in this resolution. When such estimated assessments have been so filed, said Director of Finance shall cause notice of the adoption of this resolution and the filing of said estimated assess- ments to be served on the mmers of all lots and lands to be assessed as provided in Section 4 of said Article XIV. Section 9. That the assessments to be levied shall be paid in ten (10) semi-annual installments, ~ith interest on deferred payments at the same rate as shall be borne by the bonds to be issued in anticipation of the collection thereof which is now estimm~ed at three and three-quarters per centum per annum, provided, that the ~mer of any property assessed may, at his option, pay such assessment in cash within thirty d~s after passage of the assessing ordinance. Section 10. That bonds of the Cit2 shall be issued in anticipation of the collection Of assessments by installments and in an amount equal thereto and notes of said City shall be issued in anticipation of the issuance of such bonds and the levy of such assessments. Section ll. That the remainder of the entire cost of said improvement, after application of the assessments herein provided, shall be paid by the issuance Section 12. This resolution, havingbeen determined to be an emergency measure, shall be in full force and effect from and immediately after its passage and approval by the Hayer. Adopted: March 18},, 1968, Robert E. Wendling Pr'esident °f"Council Approved: March 18, 1968 ,q~ace R~ynolds Clerk of Cosnc~l Robert M. La~ther Nayo~ '