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1956 363 Resolution
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1956 363 Resolution
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Last modified
11/19/2018 3:49:33 PM
Creation date
7/25/2018 8:19:44 AM
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Legislation-Meeting Minutes
Document Type
Resolution
Number
363
Date
11/26/1956
Year
1956
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by said improvement and the cost of said improvement sha11 include the expense <br />of the preliminary and other surveys and of printing and publ:LShing the <br />notices, resolutions and ordinances required, and servi.ng of said not3.ces' <br />the cost of constxnxction, together with interest on notes and bonds issued <br />in anticipation of the collection of deferred assessments, and all other <br />necessary expenses or expenditures. <br />Sec, 5. That the assessments so to be levied shall be pa:id in ten <br />(10) annual installments, trith interest on cleferred paynents at the same rate <br />as sha1l be borne by the bonds to be issued 5n anticipation of the col.lection <br />thereof; provided that the otaner of any property assessed9 may, at his option, <br />pay such assessment in cash iaithin thirty (30) days a:Fter the passage of <br />the assessin.g ordinance. <br />Sec. 6. That the bonds of the Village of Mayfie7.d sha],l be issued <br />in anticzpation.of the collection of assessments by installments a.nd in an <br />ariount equal therefo; and notes oi sai.d Village shal.l be issued in <br />anticipation of the issue of such bonds. <br />Sece 7. That the remainder of the entase cost, 13.51o of said <br />5mprovement, not.specially assessed, which inclL;des the cost..of inter- <br />sections, together with the cost o'L any real esteue or interesz 'uherein <br />purchased or appropriated, and the costs and expenses of a.ny appropriation <br />proceeding therefor, and the damages awarded any owner of ad,joining ],ands <br />and interest thereon, and the costs and expenses of such award, shall be <br />paid by the Village oi Mayfield by the issuance of bonds in the manner <br />provided by lati. <br />Sec. 8. fihat this Resolution sha7el take effect and be ?.n. fu71. iorce <br />and effect.from. and after. the earliest period allowed by law, <br />Adopted Voveinber 26, 1956. <br />Attest: r?.yor.-. resident of Council <br />? =A, le rk
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