10-104. Limitations on improvement bonds; partial issuance, when.
10-104
10-104. Limitations on improvement bonds; partial issuance, when.
Bonds shall not be issued in payment for any public improvement if the amount
received therefrom is in excess
of the actual cost and expense of such improvement. Nothing herein shall
prevent the partial issuance of bonds to the
extent of the determined actual costs and expenses of a public
improvement and thereafter issuing bonds for the balance of the actual
costs and expenses.
History: R.S. 1923, § 10-104; L. 1968, ch. 409, § 1; L. 1983,
ch. 49, § 20; May 12.