14-570. Bonds to carry out master plan for public improvements, when.
14-570
14-570. Bonds to carry out master plan for public improvements, when.
Whenever the city engineer of any city of the second class has filed
with the governing body of such city as master plan for the physical
development of said city, which plan shall be limited to public
improvements within said city, and may provide for assumption of all
outstanding indebtedness of benefit districts heretofore created for public
improvements, and, also, for refunding payments made on assessments when
the outstanding indebtedness of a benefit district is assumed by said city;
and which plan will require a number of years to execute, and such master
plan is approved by the governing body of said city, such city is hereby
authorized to issue general obligation bonds in an amount sufficient to
carry out such a master plan.
History: L. 1953, ch. 115, § 1; June 30.