4 - City of Oxford

97768-
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MINUTE BOOK No. 24, CITY OF OXFORD
Section 3. The plans and specifications heretofore prepared by the Engi-
neer of the City of Oxford and submitted to this meeting are now on file in the
office of the said Engineer, and such plans and specifications are hereby approv-
ed and adopted.
Section 4. The grades and materials and manner of construction with which
the said improvements are to be made are those set forth in the aforementioned
plans and specifications, and the curbs and gutters involved shall be constructer
of concrete and the surfacing of asphalt, or of such other material as is desig-
nated in said plans and specifications.
Section 5. The cost of making such improvement requires an unusual outlay
of expense for which the general improvement fund of the City of Oxford is not
1 sufficient and for which purpose the said general improvement fund should not
be used. Therefore, the entire expense and cost of such improvements, including
all of the items of cost referredto 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 ach side of
that part of those streets to be improved, according and in proportion to the
entire front footage thereof in the manner provided by the aforementioned Chap-
ter 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 those
streets proposed to be improved.
Section 6. It is found and determined by the Board that the cost to be
I assessed against each of the respective abutting lots abutting upon the part of
the streets to be improved, as hereinabove described in Sectionl, is less than
I the benefits that will accrue to each of said respective abutting lots.
Section 7. The proportionate share of the total cost to be assessed agains7
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 certi-
ficates 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 determinedin 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 obligation,
to be issued as aforesaid, all as provided by law, and in addition thereto, the
special assessments to be 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.