2038 ORD DECLARING NECESSITY FOR AND ORDERING IMPROVEMENT OF CERTAIN STREET AND HIGHWAY AND PORTION THEREOF IN COP

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Section 4. The costs of said improvements shall be paid as follows: (a) The costs of the curb and g.ztter, in the approxi- mate amount of $1.81 per center line front foot, assessed on a front foot basis, sh all be assessed against the respective abutting properties and the real and true owners thereof in accordance with the statutes of Texas and the Charter of the City of Paris herein referred to. No assessment shall be made against any abutting property or the real and true owner thereof for costs in excess of the benefits to such property in enhance value thereof by means of such improvement. The atnounts of such assessments shall constitute a first and prior lien upon all such properties and a personal liability of the real and true owners thereof, whether correctly nam.ed or not, and shall be pay- able in installments as follows: When the im- provements herein ordered for the street and highway designated above and portions thereof have been completed and accepted by the City of Paris and the Texas Highway Department, the amount of the assessment against each property abutting thereon and the real an d true owner thereof shall be and become payable in five (5) equal annual principal installments, due respectively thirty (30) days after one (1), two (2), three (3), four (4) and five (5) years from the date of acceptance by the City of Paris and the Texas Highway Department, together with interest on each installment from said date of acceptance until paid at the rate of six per cent (6107o) per annum, payable annually; provided, however, that the owners of any of said property shall have the privilege of paying all or any of said install- ments at any time before maturity thereof by pay- ing the total amount of the principal of such installment, together with the interest accrued thereon to the date of payment. Further, if de- fault be made in the payment of any of said in- stallments of principal or interest promptly as the same mature, then at the option of the City of Paris, the entire amount of the assessment upon which default is made, together with reasonable attorney's fees and all collection costs incurred, shall be and become immediately due and payable. (b) That all of the remaining costs of the improvements to said street and highway shall be paid by the City of Paris and the State of Texas in accordance with an agreement made the 9th day of December, 1968, between the City of Paris and the State of Texas, which was authorized by City of Paris, Paris, Texas, Resolution No. 1292, and Texas Highway Commission Minute Order No. 60312, dated December 16, 1967.