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• <br />and payable to the City of Paris when such street improvement has been <br />completed; further, the City Manager is hereby authorized and directed to <br />accept and receive on behalf of the City of Paris participating funds due <br />by all persons and property owners whose properties abut and front on <br />said street in accordance with the existing paving policy of the City of <br />Paris, and sAid City Manager is further authorized and directed to make <br />and enter into mechanicts and materialmen's contract and agreement by and <br />between the City of Paris and the said Dan Sales and his wife, M. A. <br />Barber and his wife, and Robert W. Ferguson and his wife, which agreements <br />shall grant to the City of Paris mechanic•s and materialmen's lien on the <br />respective properties of said persons to secure the payment of the re- <br />spective participating street paving funds mentioned above,for the payment <br />of which satisfactory arrangements have not previously been made, such <br />participating funds and the payment thereof to be evidenced by notes of <br />the respective property owners in the indicated amounts, plus six per <br />cent (6%) interest per annum, principal and interest to be due and payable <br />in successive equal monthly installments not to exceed forty-eight (48) <br />months; further, the City Clerk is hereby directed to cause to be prepared <br />a notice of paving assessment against the said Guy Williams and his pro- <br />perty, to -witg Lot 11, Block 1, Hayes Heights Addition to the City of <br />Paris. <br />i at <br />Passed and adopted this iiik day of*V 1956. <br />Mayor <br />ATTEST: <br />1J, ~ _ ` - ' " 2' <br />City Clerk. <br />