1426 ORD CLOSING HEARING GIVEN TO REAL AND TRUE OWNERS OF PROPERTY ABUTTING ON CERTAIN STREET IN COP

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SECTION 5. The assessments levied in Section 4 above are for a portion of the costs of 5aid i.mprovements in the street and units therein set out, which are included in said ordinance enaeted July g, 1957, a.nd the assessments for the i.mprovements in said units are in nowise related to, or eonnected with the improvements or assessments in any other of the street or units described in said ordinance; and in levying 5aid assessments the amoti.ir..t so assessed for the improvements in said units have been in nowise affected by any fact or thi.ng in any way eonnected with the improvements or the assessments therefor in any other of said units. The omission of the improvements in any of said street or units as a whole shall in no wise affect nor impair the validity of the assessments in any other of said units and the omission of the improvement in any partieular street or unit in front of any parcel of property exempt from the lien of such asse5sments, or against which a valid property assessment cannot be levied, shall in nowise affeet nor impair the validity of the assessments against the other properties in such unit. SECTION 6. The costs of said improvements shall be paid as follvws., to-w-it : (a) The City shall pay a11 of the costs of drainage installations, wherever located, if any, all the costs of excavation, base preparation and paving within street interseetions, and not less than one-third of the costs of excavation, base preparation and paving of all o ther portions of the street involved. In cases WhEZ°E the City Council may deem it just and proper, the City shall also pay all or any part of the amount of any credi.ted adjustment which may be allowed in the assessment o f abutting properties and the owner thereof, as herein provided, for the cost of excavation, base preparation and paving, and of in5tallation of curbs and gutters. The remaining costs of all such improvements 5hall be paid by the property abutting such portion of said street and the owners thereof, (b) The remainder of the costs of such improvements shall be assessed against the respective abutting properties and the real and true owners thereof in aecordance with the statutes of Texas and the Charter of the City o f Paris herein referred to. No assessment shall be m ade against any abutting property or the real and true o wner thereof for costs in excess of the benefits to such property in enhance value thereof by means of such improvement. The amounts of such assessments shall constitute a fir5t and prior lien upon all such properties and a personal liability of the true and real owners thereof, whether correctly named or not, and shall be payable in stallments as follows: When the improvements herein ordered for the street designated above and portions thereof have been completed and aceepted b y the City of Paris, the amount of the assessment against each property abutting thereon and the real and true owner thereof shall be and become payable in five (5) equal annual installments, due respectively thirty (30) days after one (1), two (2), three (3), four (l+), and five (5) years from the date of acceptanee by the City, together with interest on eaeh installment from said date of acceptance until paid at the rate of six per cent (6%) per annum, payable annually; provided, however that the owner of any of said property shall have the privilege of paying all or any of said installments at any time before maturity thereof by paying the total amount of the principal of such installments, together with the irterest accrued thereon to the date of payment. Further, if default be made in the payment of any of the said install- ments of principal or interest promptly as the same