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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> acceptance by the City, together with interest on <br /> each installment from said date of acceptance <br /> until paid at the rate of six per cent (6%) per <br /> annum, payable annually; provided, however, <br /> that the owners of any of said property shall have <br /> the privilege of paying all or any of said install- <br /> ments at any time before maturity thereof by pay - <br /> ing the total amount of the principal of such in- <br /> stallment, together with the interest accrued <br /> thereon to the date of payment. Further, if de- <br /> fault be made in the payment of any of said in- <br /> stallments of principal or interest promptly as <br /> the same mature, then at the option of the City of <br /> Paris, the entire amount of the assessment upon <br /> which default is made, together with reasonable <br /> attorney's fees and all collection costs incurred, <br /> shall be and become immediately due and payable. <br /> Section 6. The City Manager of the City of Paris is hereby <br /> authorized to secure and obtain any security lien, or document de - <br /> sired, in addition to the paving assessments and certificates au- <br /> thorized by law to secure the payment of the respective property <br /> owner's part of the costs of improvements, and if he shall be <br /> unable to obtain reasonable satisfactory security as to any abutting <br /> property or owner, the whole city block to which the frontage of <br /> any such property or properties belong may be by him deleted from <br /> the construction contract and the lien upon the properties abutting <br /> any such city block and portion of said construction project fixed by <br /> the filing of notice of the enactment of this ordinance will be re- <br /> leased. <br /> <br /> Section 7. The City Clerk is hereby directed to cause to be <br /> prepared a notice of enactment of this ordinance and to file said <br /> notice with the County Clerk of Lamar County, Texas, among the <br /> Mortgage or Deed of Trust Records of said County. <br /> <br /> Passed and adopted by the City Council of the City of Paris, <br /> in regular session convened, on this the 14th day of January, 1980. <br /> <br /> <br /> <br /> <br /> Michael E. ~Ione, Mayor <br /> <br /> A TTEST: <br /> <br /> ~ <br /> H. C. re ne, City Clerk <br /> <br /> <br /> APPROVED S TO FORM: <br /> <br /> <br /> T. K. Haynes, ity Attorney <br />