48-2061. Proportionate assessment; collection
or issuance of bonds
The board may, on completion of any portion of the improvement for which the
contract price equals twenty thousand dollars or more, order an assessment for the
proportionate part of the contract completed, and the proportionate amount shall be
collected as provided in this article. If the resolution of intention for the
improvement provides for the issuance of improvement bonds, the bonds shall be issued and
delivered to the contractor for the proportionate amount of the contract price so
assessed.
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