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.. ~. <br />r <br />- 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 ll. 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 resol=.ution shall be <br />in full force and effect from and immediately after its passage and approval <br />by the Mayor. <br />PASSED : ~_~, f,,,~,,,~ • <br />,~,~' ~ ~ ~ <br />ATTEST; <br />Nora T, Hill, Clerk of Council Franc s J. 0'~e , Pres ent of <br />Count <br />APPROVED: <br />Ralph E. s an, Mayor <br />r~ <br />.. <br />i <br />a <br />