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<br /> <br /> <br /> <br /> <br /> <br /> the City shall also pay all or any part of the <br /> amount of any credited adjustment which may be <br /> allowed in the assessment of abutting properties <br /> and the owners thereof, as herein provided, for <br /> the costs of paying. The remaining costs of all <br /> such improvements shall be paid by the property <br /> abutting such portion of said street and the <br /> owners thereof. <br /> (b) The remainder of the costs of such improvements <br /> shall be assessed against the respective abutting <br /> properties and the real and true owners thereof in <br /> accordance with the statues of Texas and the <br /> Charter of the City of Paris herein referred to. <br /> No assessment shall be made against any abutting <br /> property or the real and true owner thereof for <br /> costs in excess of the benefits to such property <br /> in enhance value thereof by means of such improve- <br /> ment. The amount of such assessments shall <br /> constitute a first and prior lien upon all such <br /> properties and a personal liability of the real <br /> and true owners thereof, whether correctly named <br /> or not, and shall be payable in installments as <br /> follows: when the improvements herein ordered for <br /> the street designated above and portions thereof <br /> have been completed and accepted by the City of <br /> Paris, the amount of the assessment against each <br /> property abutting thereon and the real and true <br /> owner thereof shall be and become payable in five <br /> (5) equal annual principal installments due <br /> respectively thirty (30) days after one (1), two <br /> (2), three (3), four (4) and five (5) years from <br /> the date of acceptance by the City, together with <br /> interest on each installment from said date of <br /> acceptance until paid at the rate of six per cent <br /> (6%) per annum, payable annually; provided, <br /> however, that the owners of any of said property <br /> shall have the privilege of paying all or any of <br /> said installments at any time before maturity <br /> thereof by paying the total amount of the princi- <br /> pal of such installment, together with the <br /> interest accrued thereon to the date of payment. <br /> Further, if default be made in the payment of any <br /> of said installments of principal or interest <br /> promptly as the same mature, then at the option of <br /> the City of Paris, the entire amount of the <br /> assessment upon which default is made, together <br /> with reasonable attorney's fees and all collection <br /> costs incurred, shall be and become immediately <br /> due and payable. <br /> Section 6. The City Manager of the City of Paris is <br /> hereby authorized to secure and obtain any security lien, or <br /> document desired, in addition to the paving assessments and <br /> certificates authorized by law to secure the payment of the <br /> respective property owner's part of the costs of improve- <br /> ments, and if he shall be unable to obtain reasonable <br /> satisfactory security as to any abutting property or owner, <br /> the whole city block to which the frontage of any such <br /> property or properties belong may be by him deleted from the <br /> construction contract and the lien upon the properties <br /> abutting any such city block and portion of said con- <br /> struction project fixed by the filing of notice of the <br /> enactment of this ordinance will be release. <br /> Section 7. The City Clerk is hereby directed to <br /> cause to be prepared a notice of enactment of this ordinance <br /> and to file said notice with the County Clerk of Lamar <br />