HomeMy WebLinkAboutOrdinance No. 220
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ORDINANCE NO.?2-Z.2
PROVIDING THE METHOD AND MANNER OF ASSESSMENT AND PAYMENT OF
THE COST AND EXP3 TSE OF MAKING AND INSTALLING THE IMPROVEMENTS
IN SPECIAL IMPROVEMENT DISTRICT NO. 48 OF THE CITY OF LAUREL,
MONTANA.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
LAUREL, MONTANA:
Section 1. That the entire cost and expense of making
and installing-the improvements in Special Improvement District
Nn. 48 of the City of Laurel, Montana, shall be paid by said
entire District, each lot or parcel of land within said District
to be assessed for that part of the whole cost of said improve-
ments which its area bears to the area of the entire District,
exclusive of streets, alleys and public places. The work and
improvements to which this ordinance relates are more particular-
ly described in Resolution No. 194, passed by the City Council of
said City of Laurel on July 20th, 1920; the plane-and specifica-
tions for which said work and improvements are on file in the
office of the City Clerk of said City, reference to which is
hereby expressly made.
Section 2. That the,entire cost.and expense of making
and installing said improvements shall be paid in eight equal
annual installments, and bonds therefor are to be drawn against
the Fund of said Special Improvement District No. 48, and made
payable exclusively from said fund. Such bonds shall be in the
denomination of Two Hundred ($200.00) Dollars each, or multiples
or fraction thereof. Said assessments shall be paid in eight
equal annual installments, and the payment thereof is hereby
extended over a period of eight years from and after the com-
pletion and acceptance of said improvements. All moneys derived
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from the collection of said assessments shall constitute a fund
to be known as "FUND OF SPECIAL IMPROVMMT DISTRICT NO. 48•"
Section 3• All ordinances and parts of ordinances
in conflict or inconsistent with this ordinance are hereby
repealed.
Passed by the City Council and approved by the Mayor
this day of ?, 19200
APPROVED:
ATTEST:
City Clerk.
Mayor•