12-681.   Certain street and alley improvement in second-class citiesand first-class cities under 50,000; resolution; bonds; limitations.The governing body of all cities of the first class having a populationof less than fifty thousand inhabitants and cities of the second class arehereby authorized and empowered to recurb, regutter, resurface or repave,including necessary drainage facilities, any street or alley or any portionthereof when said street or alley has by reason of public travel thereon orby reason of the elements become in need of surface restoration or otherconstruction and improvement, and the governing body shall have the powerto determine such need, and when the governing body determines that themaking of such improvements is deemed expedient it may by resolution sodeclare the necessity therefor and cause said improvement to be made.

      The cost of said recurbing, reguttering, resurfacing or repaving, shallbe borne by the city at large, and the governing body of said city ishereby empowered to issue general improvement bonds for the purpose ofraising funds for making such improvements in an amount not exceeding thetotal cost of said improvement: Provided, That the total amount ofbonds issued for such improvements in any one year shall not exceed anamount equal to one-third of one percent of the assessed tangible valuationof such city, except that in such cities of the first class said amountshall not exceed one-half of one percent of said valuation: Providedfurther, That bonds for such improvements shall not be outstanding atany one time in an amount in excess of one percent of such assessedtangible valuation, except that in such cities of the first class saidamount shall not exceed one and one-half percent of said valuation.

      No street or alley or any portion thereof shall be recurbed, reguttered,resurfaced or repaved under the provisions of this act until at least tenyears shall have elapsed, subsequent to the date of completion of suchoriginal improvement.

      History:   L. 1941, ch. 109, § 1; L. 1945, ch. 96, § 1; June 28.