Daily public ledger. [volume] (Maysville, Ky.) 1892-191?, 1906-04-20
STREET PAVING ORDINANCE.
Continued from Third Page.

event, however to be less than par, with
accrud interest at the time of sale.
The bonds shall be in form and sub
stance as hereinafter prescribed, and
numbered consecutively from No. to the
number required, and shall be in denom-
nations Of five hundred dollars $500
each, except that one may be for a
smaller amount than said sum to cover
any remaining fractional part Of five
hundred dollars $500 said work may cost,
with appropriate interest coupons at
tached They all shall bear date the 1st
day of July, 1906, and shall be left in the
hands of the Treasurer until negotiated,
who shall be liable for the safekeeping
thereof on his official bond.
Said bonds shall not be issued upon
the faith and credit OF the City of Mays
Vile for the payment thereof but the
faith and credit of the City Of Maysvlle
shall be pledged for the sums realized
upon the apportionment against the
property for the cost of the paving and
curbing said streets as in this ordi-
nance provided. only after the same shall
have been collected and paid to the
Treasurer, as I'm this ordinance provided;
and said bonds shall be redeemable and
payable not on the faith and credit Of
the city, but out Of, and secured by,
lien on the assessments to be made and
apportioned against said lots and parts
of lots or lands abutting on the streets
and parts Of the streets so herein or
dered TO be paved and curbed. All mon
ey paid, received or collected upon the
assessments against the lots, as in this
ordinance provided to be made, and in
terest on the deferred annual payments,
as provided in said section No. Of said
act, approved Marcn "a, 1894, and all
money arising from the sale of bonds
herein provided for shall be kept by the
City Treasurer in a separate fund to be
known as the STREET Improvement Fund;
and said bonds shall be paid out Of the
amount realized upon said assessments
to be made and apportioned upon the
said properties abutting upon said streets
and parts of streets as above, and said
assessments secured, paid and collected
as provided for in like cases in Section
8 Of Act of the General Assembly Of the
Commonwealth of Kentucky, entitled
IAN Act to Amend an Act for the Gov
eminent Of Cities OF the Fourth Glass;
approved June %, 1893" and approved
March "a. 1894. and being Sections 1913
and 1915 Of the Kentucky Statutes.
Section Z. All moneys received from
the assessments in this ordinance pro-
vided to be made, shall be appropriated
and paid out upon the order OF the
Board OF Council upon the City Treas
urer, and for the payment of the inter-
est and redemption Of the bonds which
may be issued for the payments herein
provided for and for no othr purpose.
Section 8. The cost OF said improve
ments, assessed against any piece OF
ground or owner thereof, shall not ex-
coed one-half Of the value of such ground
after improvements are made, excluding
the value Of all buildings and other I'M
provements upon the property so Inn
proved.
section Q. Said bonds shall be In sub
stance, form and effect as follows ex-
,cept as 70 the consecutive number 10
cover said fractional part Of $500 provi-