(2) Costs To Be Paid By Owners of Abutting Property. The Council may levy assessments for paving against abutting property in the manner and subject to the limitations contained in Sections 42 through 50, both inclusive, of Louisiana Act 159 of 1912, as amended by Louisiana Act 338 of 1936, for the protection, enforcement and collection of special assessments for the financing of paving and other street improvements.

Section 7-103. Retention of Existing Rights.

All liens, privileges, preferences, processes and immunities, vested in, granted to or enjoyed by the City of New Orleans prior to the effective date of this Charter under the Constitution and statutes of this state, including, but without limitation, those vested, granted or enjoyed under Sections 42 through 50, both inclusive, of Louisiana Act 159 of 1912, as amended by Louisiana Act 338 of 1936, for the protection, enforcement and collection of special assessments for the financing of paving and other street improvements, shall continue to be available to the City.