HomeMy WebLinkAbout00637Sec. 5. That the City Council shall, as soon as practicable,
ascertain the total cost and expense of laying; the said sewers and
constructing the said sewer system, and the said cost and expense
shall be paid by a special assessment levied against all the property
benefited by the said sewer system and included in the said Local
Improvement District No. 2, as set forth in section 4 hereof; andhe*
that the said assessment be apportioned among the several tracts,
lots, or parcels of land embraced within and constituting the said
assessment district in proportion to the benefits derived from the
said sewers and sewer system.
Sec. 6. That whenever the conditions prescribed by law and
section seven of Ordinance No. 746, relating to the establishment
of local improvement districts.for the purpose of constructing sesw-
er systems therein, passed by the City Council Oct. 61 1908, and
approved by the Mayor Oct. 7, 1906, have been complied with, the
said City Council are hereby authorized to enter into a contract
for the construction of the sewer system herein authorized, and to
take andrequire such bonds from said contractor or contractors as
,,are required by law and the rules, regulations and ordinances of
said City.
shall be paid
Sec. 7.That the said contractor or contractors for the constuc-
tion of the said sower system out of a special fund to be known as
Local Improvement Fund, District No.$ to be hereafter created by
proper ordinance, and by the issuing of Local Improvement District
Bonds, payable on or before ten years after date with interest at
the rate of seven per cent per annum, according to an act of the
Legislature entitled "An Act authorizing the issuance and sale of
bonds by cities to pay for local improvements, providing for the
payment thereof, and declaring an emergency"" Approved March 14,
1899.
Sec.8. That the City Council may, from time to time, during
the progress of the improvement herein authorized, pay out of the
Current Expense Fund of said City, such incidental expenses as may