5422 - Laserfiche WebLink

Home Browse Search

5 Section. 3. The .Di.rector of Finance is. hereby directed to prepare and issue certified tax. .bills for that portion of the. work which is said to be paid for by special . tax bi.11s,. unde.r the..seal of. the City in favor of said Thoma Paving Company, Incorporated,, contractor, against each lot or parcel of ` land abutting Gay Avenue between .the Limits hereinbefore mentioned, in the name or names of the owner or owners .thereof, each of the said tax bills shall be numbered, shall give the name or -names- of the, owner or ocners, number of the lot or description of the parcel of. land,..and the.name of the subdivision in which the lot or parcel of .land ._is_...located,. rate of assessment per linear foot and... the amount_.of special_.taxes... ..as.s.essed._against each lot or parcel of y land; sai.d,.cextitied_special tax bills--when. issued, shall be signed by the Director of Finance and attested by the City Clerk. Section 4.. .. When _said. special. tax bills are properly executed and registered in .the office of the Dire.ctor. of Finance, they shall be delivered by the Director of F.inance._..to. .sai.d Thoma P.aving._Comp.any, Incorporated, con- tractor,.. in_ full payment for- that. part..of..the work which is to be paid for by special tax bills, for. all .materials furnished, work done and improvements made by.the _said. .Thoma Paving_Company, Incorporated, contractor, under their said contract. Every such certified tax bill., whether the same be made pay- able installments. or not, .sha.11 bear. in_terest at. the rate of Eight (8) per centum per annum on .the unpaid balance- from thirt.y. (3.0) days after the date of issue until paid, and- shall be. . a special .lien against the property described therein from the date. of_.is.suance. .until_paid. As to bills payable in annual installments, the. first installment shall mature and become due and payable thirty (30) days after.. .date..of issue, _with interest thereon at the rate of Eight (8) per centum per annum from maturity until paid and the remaining installments, .at consecutive. one (1) year. intervals. thereafter, not to exceed ten (10) installments _with interest thereon at the rate of Eight (8) per centum per annum. beginning thirty. (30) .days_af t.er date of issue. Every such certified tax bill. shall., on acti.on_br.ought. to recover the amount due thereon, be prima facie evidence. of ..the.. .validit.y__of the .charges against the property x therein described.-and all matter.s. recite.d. in. said bill. At the option of the contractor, the City.will buy said special tax bills at par, any time within thirty (30) days after the date of issue. 6