10-114a

Chapter 10.--BONDS AND WARRANTS
Article 1.--GENERAL BOND LAW

      10-114a.   Unanticipated additional interest on temporary notes for cityimprovements; assessments against city at large.Whenever assessments levied for any city improvements are challenged bycourt action and such action delays the payment of temporary notes issuedto finance such improvements, causing unanticipated additional interest onsaid notes, the governing body is authorized to assess against the city atlarge and issue bonds for the payment of the amount of such interest andthe amount, if any, representing the difference between the amount of thechallenged assessment and the amount finally assessed against the property.

      History:   L. 1968, ch. 60, § 1; July 1.