4 - City of Oxford

54
977613- MVICNION-RUPCI
MINUTE BOOK No. 24, CITY OF OXFORD
sufficient and for which purpose the said general improvement fund should not
he used. Therefore, the entire expense and cost of such improvements, includ-
i g all of the items of cost referred to in Chapter 495 aforementioned, shall
be a charge upon the property benefited and be paid by assessing the entire
costs of such improvements to the abutting property and property owners on
each side of that part of South 9th Street to he imposed, according and in
proportion to the entire front footage thereof in the manner provided by the
aforementioned Chapter 495 and amendments thereto and paid by the owners of
such abutting property. The area to be benefited by all the aforementioned
improvements is defined as that property owned by the persons who own property
abutting that part of South 9th Street proposed to be improved.
Section 6. It is found and determined by the Board that the cost to be
assessed against each of the respective abutting lots abutting upon the part
of South 9th Street to he improved, as hereinabove described in Section 1,
is less than the benefits that will accrue to each of said respective abutting
lots.
Section 7. The proportionate share of the total cost to he assessed
against the abutting property and paid by the abutting property owners may
be paid in either of the alternative methods provided for by said Chapter 495
and amendments thereto.
Section 8. The City of Oxford proposes to issue its bonds, notes or
certificates of indebtedness under the provisions of said Chapter 495 and
other laws in harmony therewith, and from the proceeds of same to pay the
total costs of such improvements, as such costs are determined in the manner
provided by law.
The full faith, credit and resources of the City of Oxford shall be
pledged for the payment of both the principal of and the interest on the said
obligations to be issued as aforesaid, all as provided by law, and in addition
thereto, the special assessments to he made against the said abutting property
and the lien of such special assessments shall be pledged for the payment of
such of said obligations as shall be issued.
Section 9. All other things, acts, requirements, conditions and precedents
made and provided by the said Chapter 495 and all amendments thereto and by
the general laws applicable to such matters shall be done and performed for
the purpose of making said improvements, for the making and levying of the
special assessments on the abutting property involved, for the providing of
funds for the payment of the costs of the same, and for the assessment and
collection of taxes to pay said obligations and the interest thereon, and all