48-2850. Description of improvement bonds in
resolution and notices
A. If the board determines that improvement bonds shall be issued, it shall state
this in the resolution of intention for the work and shall specify the maximum rate of
interest the bonds may bear. A similar description of the bonds shall be inserted in all
notices of the proceedings required to be published, posted or mailed and a notice that
the bonds will be paid from a special fund collected in not more than forty annual
installments from the assessments remaining unpaid at the date of the issuance of the
bonds or thirty days after the date of the warrant, or five days after the decision of
the board on an objection to the assessment.
B. All other proceedings for the work up to and including the approval of the
assessment by the board, including demand for payment of the several assessments and the
return and recording, shall be conducted as provided in this article.
|