“(2) To pave, macadamize or plank the whole or part of the streets of the municipality, and to pay the whole or part of the costs thereof out of the general funds of the municipality, or by an equal assessment of such costs or any part thereof amongst the owners, occupants or tenants of the buildings situated within a territory determined by the council, and the sums so required may be levied and recovered as a special tax; the second paragraph of subparagraph c of paragraph 11 of section 427 shall apply, with the necessary modifications, to this paragraph;”.