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HomeMy WebLinkAboutOrdinance No. 184144 ORDINANCE N0. 184 An: OrdinanQe doelwring the- amathod of apportioning and Oprea,ding the assessment for the cost of improvements in Special Improvement pistrict No, 33 of the City of Laurel, VAntana, providing for the payment of said improvements and ?$suing bonds therefore, and creating a fund to be known as 0.0und of Special Improvement District No. 33". BE IT ORDAINED BY THE CITY COUNCIL 03' THE CITY O$ LAUREL: SECTION 1. That all cost.and expense of making too improvements provided for in Resolution No. 157 passed std approved on the 6th day of May, A.D. 1919, entitled, "Aesolution'of Intention to create Special Improvement Dis- tiict No. 33", for the purpose of constructing in conform- ity with the'specifications adopted and approved by the City (council, a five (5) foot,conorete sidewalk as more particu- 14rly set forth, described and specified in said Resolu- tion, shall be paid for by the said entire District, each lot or parcel of land within such District bordering or Abutting upon street or.etreets or avenues whereon. or wherein the improvement has been made in.proportion to the lineal $4et abutting or bordering the same exclusive of streets, aaleys and public places. SECTION 2. That the cost and expense of making said improvements shall be paid in ten (10) annual install-' %onts, and for the entire cost and expense of said improve- Monte, bonds are to be drawn on the fund of said Special Improvement District No. 33 and made payable exclusively from said fund. Such bonds shall be of the denomination of One Rt ndred ($100.00) Dollars or multiples or fractions thereof.. etch assessments shall be paid in ten (10) annual installments d the payment of said annual installments'of said assessments sued of'said cast and expense are hereby extended over a period of ten (10) years from and after the completion of Oild improvements. All money derived from the colldction of 9-aid assessments by installments shall constitute a fund to be Xbown as "Fund of.Special Improvement District No. 33"- SECTION-3. All Ordinances or parts of Ordinances in opnflict with or inconsistent with the terms of this ordinance. ire hereby repealed. Passed by the City Council and approved by the Mayor this Ith- day of Au et , 1919• APPROVED: Chas. Day-16- ayor. A4'¢TEST : Jam. H, Jordan City erk.