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<br />" '~Ir..GlIfHORCS
<br />, YlII 5614 "'~ 494
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<br />Page 5 of 7
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<br />install~er.ts, ~s follows:
<br />,jr.c:l the i::iprove,';\entll herein o,cdered for anr "trUIJC
<br />
<br />Q
<br />c.n
<br />4looo
<br />~
<br />
<br />unit herein desi;nated ~3ve becn co~pleted and accepted ~y th~
<br />
<br />
<br />City ,of La Por;~, the'~~ount of the asscs~~ent a~ainst each prop-
<br />
<br />
<br />erty abutting ~ncreon and the real and true owners thereof s~a:l
<br />
<br />~e and become payable in ten (10) .equal installments, one install-
<br />~ent to ~e due and paya~le in thirty (30) days after the co~pletion
<br />cf said L~provements and the acceptance thereof by the City 0:
<br />La Porte, and anocher inst~llQent in a like ~:ount to be due ~ne
<br />payable in one, t~o, threer four, five, six. seven, eight and nine
<br />years respectively after sllid date.of acceptance, ,",'itb interest
<br />th..leon fro:- said date of .cc..~':.a:,.ce, at the rate of .s i}{ per
<br />cent (b \) per annum,payable annually; provided"however, t~~t
<br />the OAT-erS of any of said ~to?erty shall have the privilege of
<br />paying all O~ any of said installments at any tL~ebefore ~ac~ricJ
<br />thereof by paling the total a=ount of princi~al of such instQ:l~e~t
<br />
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<br />co;ether "'1th the interest accrued thereon to the date cf pa~7~~nt.
<br />Furtne,r. '. default be made " in the payment of ilny of said inst.:.l:-
<br />1.
<br />;;le.'"lts ~f prir.cipal or in:tJre$.t pro:;:..Uy as the SAlr.e r..;:.tures, t::-.~n
<br />
<br />at the option of the contractor or his asst9ns, thc entire a=o~nt
<br />
<br />of the assessment upon which default is made, tosether with
<br />reasonable attorney's fees and all collection cost.. incurred,
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<br />shall be and ~eco~e ~ediately due and ~aya~le.
<br />Section 6,. The co~structiutl and installation of t:....
<br />~prov~ents herei~ ordered in each strect,unit o~ ~ortion of
<br />street herein designated and described shall be separate and
<br />
<br />independent of the co,nstruction and installation of sllch imprcv",-
<br />
<br />
<br />Dents in each and eve~y other stroetunit or pert ion of street.
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<br />The asseSS::lent~ to be levied for the improvo."ll,:mt.s in each such
<br />
<br />street linit Shilll be separilte ana di..tinct fro". th') ...ssessr.,t;.ntt<
<br />
<br />to be levied in eve~y other s~reet unit; ar.~ in ~akin; and ~~v~in:
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<br />
<br />assessments a~~inst property for the ~~Frov~ents .n one uni~ c:
<br />
<br />portion ,of strc€.t, no,~nattcr or circuilstolt,Cl) in o;onnoction ,,:it:_
<br />
<br />any ot:-.c;, ur.lt cr p:-,rtic..""! :tf ~t:.r(~t ~r.p.l ..u CQX.!:. i..:r(la. eLll ....
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