10-114a. Unanticipated additional interest on temporary notes for city improvements; assessments against city at large.
10-114a
10-114a. Unanticipated additional interest on temporary notes for city
improvements; assessments against city at large.
Whenever assessments levied for any city improvements are challenged by
court action and such action delays the payment of temporary notes issued
to finance such improvements, causing unanticipated additional interest on
said notes, the governing body is authorized to assess against the city at
large and issue bonds for the payment of the amount of such interest and
the amount, if any, representing the difference between the amount of the
challenged assessment and the amount finally assessed against the property.
History: L. 1968, ch. 60, § 1; July 1.