14-570.   Bonds to carry out master plan for public improvements, when. Whenever the city engineer of any city of the second class has filedwith the governing body of such city as master plan for the physicaldevelopment of said city, which plan shall be limited to publicimprovements within said city, and may provide for assumption of alloutstanding indebtedness of benefit districts heretofore created for publicimprovements, and, also, for refunding payments made on assessments whenthe outstanding indebtedness of a benefit district is assumed by said city;and which plan will require a number of years to execute, and such masterplan is approved by the governing body of said city, such city is herebyauthorized to issue general obligation bonds in an amount sufficient tocarry out such a master plan.

      History:   L. 1953, ch. 115, § 1; June 30.