10-104.   Limitations on improvement bonds; partial issuance, when.Bonds shall not be issued in payment for any public improvement if the amountreceived therefrom is in excessof the actual cost and expense of such improvement. Nothing herein shallprevent the partial issuance of bonds to theextent of the determined actual costs and expenses of a publicimprovement and thereafter issuing bonds for the balance of the actualcosts and expenses.

      History:   R.S. 1923, § 10-104; L. 1968, ch. 409, § 1; L. 1983,ch. 49, § 20; May 12.