§ 35.55.110. Payment of cost of improvement -- Interest on warrants
If the improvement contemplated by this chapter is ordered to be made upon the immediate payment plan, the city council shall provide for the payment thereof by the issuance of local improvement fund warrants against the local improvement district, which warrants shall be paid only out of the funds derived from the local assessments in the district and shall bear interest at a rate determined by the city council from date of issuance. If the improvement is ordered to be made upon the bond installment plan, the city council shall provide for the issuance of bonds against the improvement district.
[1981 c 156 § 4; 1965 c 7 § 35.55.110. Prior: (i) 1909 c 147 § 12, part; RRS § 9443, part. (ii) 1909 c 147 § 9; RRS § 9440.]
Sections: Previous 35.55.040 35.55.050 35.55.060 35.55.070 35.55.080 35.55.090 35.55.100 35.55.110 35.55.120 35.55.130 35.55.140 35.55.150 35.55.160 35.55.170 35.55.180 NextLast modified: April 7, 2009