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O-1966-749
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O-1966-749
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Last modified
11/2/2016 3:38:26 PM
Creation date
10/24/2006 11:42:26 AM
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Legislative Records
Legislative Type
Ordinance
Date
6/7/1966
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<br />. <br /> <br />. <br /> <br />e <br /> <br />p~ge 5 of 7 <br /> <br />installments, as follows: <br /> <br />W:hen the improvements herein ordered for any street <br /> <br />unit herein des~gnated have been completed and accepted by the <br /> <br />City <br /> <br />I <br />of La ~orte, the amount of the assessment against each prop- <br /> <br />abutti?g thereon and, the real and true owners thereof shall <br /> <br />erty <br /> <br />be and become payable in ten (10) equal installments, one install- <br /> <br />ment to be due and payable in thirty (30).days after the completion <br /> <br />of said improvements and the acceptance thereof by ,the City of <br /> <br />La Porte, and another installment in. a like amount to be due and <br /> <br />4It years respectively after said date of acceptance, with interest <br /> <br />payable in one, two, three, four, five, six, seven, e~ght and nine <br />i <br /> <br />. <br /> <br />. <br /> <br />'4 <br /> <br />. <br />thereon from said date of acceptance, at the rate of .s I X per <br />cent ( 6 %) per annum, payable annually; provided, however, that <br />the owners of any of said property shall have the privil~ge of <br />payi~g all pr any of said installments at any time before maturity <br />thereof by ~aying the total amount of principal of such installment <br />t~gether with the interest accrued thereon to the date of payment. <br /> <br />Further, if default be made in the payment of any of said install- <br /> <br />ments of pr~ncipal or interest promptly as the same matures, then <br /> <br />at the option of the contractor or his ass~gns, the entire amount <br />of the asse~sment upon which default is made, together with <br />reasonable attorney's fees and all collection costs incurred, <br /> <br />I <br />shall be and become immediately due and payable. <br />I <br /> <br />Section 6.' The construction and installation of the <br /> <br />improvement~ herein ordered in each street unit or portion of <br /> <br />street here~n desig~ated and described shall be separate and <br /> <br />independent:of the construction and installation of such improve- <br /> <br />ments in each and every other' street unit or portion of street. <br /> <br />The assessments to be levied for the improvements in each such <br /> <br />street unit shall be separate and distinct from the assessments <br /> <br />to be levie~, in every other street unit; and in making and levying <br /> <br />assessments;~gainst property for the improvements'in one unit or <br /> <br />portion of ~treet, no matter or circumstance in connection with <br /> <br />I <br />any other unit or portion of street shall be considered, all as <br />
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