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price and conditioned for the faithful performance of the said
contract and th;-payment of all labor and materIVI used therein.
Sec. 5. That as a part payment of the construction of the re-
taining wall on the south side of Washington street extending
westerly from the west line of Taylor street, and in consideration
of the general benefits to be derived therefrom, there is hereby
approporiated out of the current expense fund of said city, the
sum of. Five Thousand Dollars, said sum to be paid into the Local
Improvement Fund,`District No. 39 to be hereafter created, upon
the proper order of the city council.
Sec.6. That the city council shall, as soon as may be, ascort-
ain the total cost of the said improvements heroin authorized, and
after deducting; the said sum of Five Thousand D&;�agy SERWrIsaid
total cost, the remainder of the said total cost shall be levied��
against the property benefited by the said improvements and includ-
ed in the said improvement district, and the same shall be appor-
tioned among the several lots or parcels of land embraced within
the said district according to benefits.
Sec. 7. That tho said assessment shall be payable in ten equal
annual installments with seven per cent interest payable annually,
at the option of the city
and the contractor shall be paid in cash cs,in local improvement
bonds payable on or before ten years after date with interest
at,3soven per cent per annum, interest payable annually, issued ac-
cording to an act of the legislature entitled "An Act authorizing
the issuance and sale of bonds by cities to pay for local improve -
meats, providing for, the payment thereof and declaring an emergency"
approved March 14, 1,899.
Sec. B.Tha6 the city council may from time to Lima during the
progress of this improvement pay out of the current expense fund
of said city such incidental expenses as may become necessary and
out of the first moneys collected from said assessment may reim-
bursa the said current expense fund.