12-6a16.   Same; separate improvement funds; uses; balances.A separate fund shall be created in the city treasury for eachimprovement or combination of improvements and such fund shall beidentified by a suitable title. The proceeds from the sale of bonds andtemporary notes and any other moneys appropriated thereto by the governingbody shall be credited to such fund. Such fund shall be used solely to paythe costs incurred in the making of the improvement, and upon thecompletion of the improvement, the balance thereof (if any) shall betransferred and credited to the city bond and interest fund.

      History:   L. 1957, ch. 99, § 16; June 29.