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-2- Section 8. That pursuant to Section B of Article XIV of the Charter of the City of Lakewood, the Director of Finance of this City be and he is hereby authorized and directed to prepare and file with this Council the estimated assessments of the cost of the improvement 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 assessments to be served on the owners 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, with 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 estimated at three and three-quarters per centum per annum, provided, that the owner of any property assessed may, at his option, pay such assessment in cash within thirty days after passage of the assessing ordinance. Section 10. That bonds of the City 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 anticpation of the issuance of such bonds and the levy of such assessments° Section ll. That the remainder of the entire cost of said improve- ment, after application of the ~ssessments herein provided, shall be paid by the issuance of bonds in the manner provided by law. Section 12. This resolution, having been determined to be an emergency measure, shall be in full force and effect from and immediately after its passage and approval by the Mayor° Adopted: Approved: President of Council / / Clerk of ~ouncil ~or