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Resolution No. 63-161 Page 2 cost of said improvement now on file in the office of the Clerk of this Council and shall be prepared pursuant to the provisions of this resolution. V~hen such estimated assessments have been so filed, said Clerk shall cause notice of the adoption of this resolution and the filing of said estimated assessments to be served on the owners of ail lots and lands to be assessed as provided in RC g 727.13. Section 7: That the assessments to be levied shall be paid in 10 annual installments, with interest on defer- red payments at the name rate as shall be borne by the bonds to be issued in anticipation of the collection therea~f; 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 8: 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 anticipation of the issuance of such bonds and the levy of such assessments. Section 9: This resolution is hereby declared to be an emergency measure necessary for the immediate preserva- tion of the public peace, health and safety of the City, and for the further reason that the immediate construction of a water main is necessary to eliminate health hazards to the residents and afford fire protection to the properties abutting on said improvement; WHEREFORE, this resolution shall be in full force and effect from and immediately after its passage and approval by the Mayor. -, PASSED: .'c`, ~' ~ ~ ~' 1 resa. ent, ro-tem of Council ATTEST : r„ _~~ -c~ -c -C -fr ~ _ ouise Hall, Clerk of Council APPROVED: Paul au, ~.yor ,, ~,~~~ ,{ ~`` ~:- "' .~ ~P r