§ 35.56.180. Payment of contractor -- Bonds -- Warrants -- Cash
The city council or commission may provide in letting the contract for an improvement, that the contractor shall accept special fund warrants or local improvement bonds against the local improvement district within which such improvement is to be made, in payment for the contract price of the work, and that the warrants or bonds may be issued to the contractor from time to time as the work progresses, or the city council or commission may negotiate the special fund warrants or bonds against the local improvement district at not less than ninety-five cents in money for each dollar of warrants or bonds, and with the proceeds pay the contractor for the work and pay the other costs of such improvement.
[1965 c 7 § 35.56.180. Prior: 1913 c 16 § 14; RRS § 9462.]
Sections: Previous 35.56.110 35.56.120 35.56.130 35.56.140 35.56.150 35.56.160 35.56.170 35.56.180 35.56.190 35.56.200 35.56.210 35.56.220 35.56.230 35.56.240 35.56.250 NextLast modified: April 7, 2009