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o£ deferred asses9mentss or on notes in ant3cipation of the levy of said <br />assessmex??s and bf the assuanee of 'said bonds, a.nd a11 other mcessary ex- <br />pendi,tures. • . <br />Seetion 3. Tha,t tne asgeesments so to lbe levied sha11 be pa.id <br />an not more thau twenty (20) arnual• installment s, with interest on de- <br />gerred payment at the same rate as.shall be.borne by the bonds to be iasued <br />in anticipatiozt o£ the levy or collection thereof; provided that the owner <br />of arV pa°opertg assessed may, at lais option,,pay such assessnent in cadi. <br />within thirty (30) de,ys after °the'passa,ge of the ordinance for assessing. <br />8ection 4. Tkat the bonds of the Village of IVtayfield shal.l be <br />issued in amticipation vf the levy and collectiori -of assessmsnts byIn- <br />stallments in an amount equal thereto. 3eetion b. That -the Clerk be and-he is hez°eby authorized-and <br />directed tv a.dvertise £or bids for tlie construction of said improvements <br />according t o law. Section Ss That the rems3_nder of the entire cost of aaid im- <br /> <br />provement, not sp eciallg assessed, includzng one-fiftieth (1/5Q) of•the <br />cost thereof and the cost of intersections, together wi°th the cost'cf azy, <br />real eetate or interest therein, puxchasetl or appropariated, and the cost <br />and e?,vexasea of ar}y appropriation proceedings therefor, and the dama,ges <br />awarded to any owner of adjoining land, and-interest therein,. and the cost; <br />and expense of mch award, shall be paa.d by the issu.ance of bondg in the <br />manner provided by lavr. <br />Section 7. !Phat an emergency esiste by reaoaon of the gaet <br />that the c9natruetion of aaid improvement ia necessaxy for the immediate <br />protection and preservation of publis healtli and safety so as to make this <br />measure an emexgency measure within tb.e meaning of the provisions of the <br />Gener$1 Code o?f Ohio, and this ordinance is herelay declared to be su:.ch <br />vn emergency xaeasure. <br />Section 8• 'Phia ordinance eYall take effect immediately <br />and be in force and effect from and after the earliest per-1od allovaed by