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Ordinance 2395
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Ordinance 2395
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2/2/2024 3:32:42 PM
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Ordinances
Ordinance Number
2395
Date
9/28/1928
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-.r. r <br /> 4,1 <br /> Section; A special fund is hereby created to be called <br /> Local Improvement District Fund No 483hich shall consist in the <br /> aggregate of the several amounts asse . sed, levied and collected on <br /> the several lots and parcels of land in said local improvement district <br /> and the proceeds of the sale of all the bonds of said district, for <br /> the purpose of defraying the cost and expense of such improvement . <br /> Out of said fund shall be paid the bonds, interest thereon and the <br /> entire cast of said improvement . <br /> Section 5: That _the cost and expense of said improve- <br /> / <br /> ment shall'be frayed by special assessments, payable in ten (3.0) <br /> equal annual iS tallments with interest tilereon '''the rate of seven (7) <br /> per cent per a ,rau1 ,A payable on or bete e , e1 years from date <br /> of issue eht.11 be isate4,. in .payment f the coo. 4 expense of such im- <br /> provement or the city of airerett may, at,i.ts election, sell said bonds <br /> and make payment in cash in the manner:provided b ; he ordinances of <br /> said city* <br /> A <br /> $.Myer <br /> C i y c erh <br /> Passed: Sep eaber 25, 1928. <br /> Published: September 27, 1928 . <br />
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