HomeMy WebLinkAboutOrdinances Book 7, Page 881, No Ordinance NumberNo. f f
Ordinance No. _
ATT ORDIN NC3 ASSESSING TT;.3 ::BUTTIITG FROF_RTy OTT BOTH. SIDES OF
SOUL$ I1IIIT.H SZ_::: T; FRO11 THE SOUTH GUTTER LIFE OF HUSB:'ITDS STREET TO THE
NORTH PROP�-RTY LINE OF ELIZABETH ST: EET, IF 2XTi1:1dD:D, 1,jm OIT THE SOUTH
SIDE OF HUSBAITDS STREETI FROI.: TH.,,' TEST PRO17ERTY LINE OF S3TEWDT STREET TO
i
�I THE EAST I-RO"-:RTY LINE OF NINTH STREET, IN THE CITY OI' F..DUCAH, r3NTUCKY,
r
I i
THE SUM OF � 1.86-4 10 PEZc ABUTTING FOOT, FOR THE CONSTRUCTIOT` OF CONOFETE f
I
5ID ,ZL 'S, CURBS AITD GUTTERS, AT;D ALL NECESSARY MANHOIES, ITd'TAI' S, S3:' ZS,
i
CATCH B:.SINS AID DRIVIi:"AYS IFEREON, AS SH0711 BY THE ENGI113.^R' S ESTII::ATE,
LYCEFT TH;_T PORTION TO BE I'AID FOR BY THE CITY OF PADUCAH, ;XD ?ROV'IDING i
i
THAT SAID ASET.:AY BE PAID FOR IN TEN EQUAL INSTALLT:':
No. rr- _
Ordinance No.
of Plinth Street, in the City of Faducah, i'entucky, be, and the same is
here �
by assessed the sum of "1.66-4/10 per abuttir7 foot, for the cost of
construction of s.. id sidewalks, curbs,gutters, manholes, int-zkes,se;vers,
catch basins and drive rays.
SECTION 2.
That all of the funds derived from the assessment of said pro-
perty aforesaid, shall be used for the purpose of paying off the special
tapcbills issued against said property, or such bonds as may be issued
by the City of 'raducah, pursuant to Section 3101 of the Kentucky
Statutes.
S CTIOIS 3.
That pursuant to Section 3101 of the hertuclW Statutes, said
assessments may be, at the option of the property o..mers, payable in
cash :•rithin thirty (30) days from the publication of this ordinance, or
in ter, annual installments, as provided in said Section.
SECTION 4.
In order to provide a fund for the immediate payment of the cost
of that portion of the said assessment which may be paid on the Ten Year
payment plan, the City of Faducah mai* issue and sell improvement bonds,
and, to secure the payment of said bonds, there is hereby pledged such
.taxes and liens on the property assessed herein for the payment of the
principal and interest, but such bonds shall not be sold for less than
per and the proceeds thereof applied exclusively in payment of the im-
provements hereinbefore mentioned, and such bonds, if issued, shall bear
interest and shall be payable in accordance -with the provisions of
Sections 3101 and 3102 of the lientucky Statutes.
SE'CTION 5.
This Ordinance shall take effect'
passa-e, record ar-d publication.
R isCORDi�D S I'T � 'BcR 20TH, 19 22.\
FiT3IISHED 1922.