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-2- <br />Section 8. That the assessments to be levied shall be paid in forty <br />semi-annual installments, with interest on deferred payments at the same <br />rate as shall be borne by the bonds to be issued in anticipation of the <br />collection thereof; provided, that the owner of any property assessed may, <br />at his option, pay such assessment in cash within thirty days after passage <br />of the assessing ordinance. <br />Section 9. That bonds of the City shall be issued in anticipation of <br />the collection of assessments by installments and in an amount equal there- <br />to and notes of said City shall be issued in anticipation of the issuance <br />of such bonds and the levy of such assessments. <br />Section 10. That the remaining cost of said improvement shall be paid <br />from the proceeds of bonds and notes issued in anticipation thereof. <br />Section 11. That Resolution No. 73-113, passed September 4, 1973, <br />is hereby repealed.in its entirety. <br />Section 12. This resolution is hereby declared to be an emergency mea- <br />sure necessary for the immediate preservation of the public peace, health <br />and safety of said City, and for the further reason that the immediate <br />construction of said improvement is necessary to eliminate existing hazards <br />to pedestrian and vehicular traffic; wherefore, this resolution shall be <br />in full force and effect from and immediately after its passage and approval <br />by the Mayor. <br />PASSED: ,r I~E~It~-J~~ <br />ATTEST: <br />~~~ ~ <br />Nora T. Hill, Clerk of Council <br />APPROVED: 7 /~~' <br />Ralph Christman, Mayor <br />ti <br />r <br />cam.-.-~ c..~~ <br />Francis J. O'Nei 1, Presiden of Council <br />_, ...... <br />