1596 ORD DECLARING NECESSITY AND ORDERING PAVING AND IMPROVEMENT OF CERTAIN STREET AND PORTIONS THEREOF IN COP

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Section 5. The costs of said improvements s hall b e paid a s follows, to -vv ite (a) The City shall pay all of the costs of drainage installati.ons, wherever located, if any, all the costs of escavation, base preparation and paving withi.n street interseetions, and not less than one-third of the costa of excavati.on, base prepara- ti.on and paving of all other portions of the street involved. In cases where the City Counci.l may deem it just and proper, the City shall also pay all or any part of the amount of any eredited adjustment which may be allowed in the assessment of abutting properties and the owner thereof, as he r ein pro- v ided, for the cos t of excavation, bas e pre paration, and paving, and of installation of curbs and gutters. The re- maining costs of all such improvements shall be paid by the property abutting such portion of said street and the owners the r eof. (b) The remainder of the costs of such impr ovements shall be agsessed against the respective abutting properties and the real and true owners thereof in accorda.nce with the sta.tutes of Texas and the Charter of the City of Pa,ris herein referred to. No assessment sha.ll be made againat any abutting property or the real and true owner thereof for costs in excess of the b enefits to s uch property in enhance value ther eof by means of such i.mprovement. The amounts of such asse8smenta shall constitute a first and prior lien upon all such properties and a personal liability of the real and true owners thereof, whether correctly named or not, and shall be payable in installments as follows: When the improvements herein ordered for the etreet d8signated above and portions thereof have been com- pleted and accepted by the City of Paris, the amount of the assess ment against each property abutting thereon and the real and true owner thereof sha.ll be and become paya.ble in five (5) equa.l annuai insta.llments, due respectively thir ty (30) days a fte r one (1), two (2), thr ee (3), four (4), and five (5) years from the date of acceptance by the City, together with interest on each installment from said date of accepta.nce unti.l paid at the rate of six per cent (6%) per annum, payable annually; provided, however, that the owners of any of eaid property shall have the privilege of paying all or any of said ineta.ll- ments at any ti.me befor e maturity thereof by paying the tota.l amount of the pri.ncipal of such installments, together with the interest accrued thereon to the date of payment. Further, if default be made in the payment of any of said installments of principal or i.nterest promptly as the same rnature, then at the option of the City of Paris, the entire amount of the as sess- men t upon which d efault is made, together wi,th reasonable attorneyts fees and all collection costs incurred, shall be and become ixnmedi.a,tely due and payable. Section 6. The City Ma.nager of the City of Pa.ris is hereby authorized to secure and obta.in any security lien, or document desired, in addition to the paving assessments and certificates authorized by law to secure the payment of the respective property owner's part of the costs and improvements, and if he shall be unable to obta.i.n reasonable satisfactory security as to any abutting prope rty or owner, the whole city bloek to which the frontage of any such property or properties belong may be by him deleted from the con.- struction contract and the lien upon the properties abutting any such city block and portion of said constructxon project fixed by the filing of not3.ce of the enactment of this ordinance will be released.