12-681. Certain street and alley improvement in second-class cities and first-class cities under 50,000; resolution; bonds; limitations.
12-681
12-681. Certain street and alley improvement in second-class cities
and first-class cities under 50,000; resolution; bonds; limitations.
The governing body of all cities of the first class having a population
of less than fifty thousand inhabitants and cities of the second class are
hereby authorized and empowered to recurb, regutter, resurface or repave,
including necessary drainage facilities, any street or alley or any portion
thereof when said street or alley has by reason of public travel thereon or
by reason of the elements become in need of surface restoration or other
construction and improvement, and the governing body shall have the power
to determine such need, and when the governing body determines that the
making of such improvements is deemed expedient it may by resolution so
declare the necessity therefor and cause said improvement to be made.
The cost of said recurbing, reguttering, resurfacing or repaving, shall
be borne by the city at large, and the governing body of said city is
hereby empowered to issue general improvement bonds for the purpose of
raising funds for making such improvements in an amount not exceeding the
total cost of said improvement: Provided, That the total amount of
bonds issued for such improvements in any one year shall not exceed an
amount equal to one-third of one percent of the assessed tangible valuation
of such city, except that in such cities of the first class said amount
shall not exceed one-half of one percent of said valuation: Provided
further, That bonds for such improvements shall not be outstanding at
any one time in an amount in excess of one percent of such assessed
tangible valuation, except that in such cities of the first class said
amount 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 ten
years shall have elapsed, subsequent to the date of completion of such
original improvement.
History: L. 1941, ch. 109, § 1; L. 1945, ch. 96, § 1; June 28.