Chapter 17
ASSESSMENT BOND PROCEDURE
Sections:
12-17.02 Declarations in resolutions of intention.
12-17.07 Registration against theft.
12-17.10 Payment of assessments with matured bonds and coupons.
12-17.11 Bond Plan A: Lot bonds: Powers.
12-17.12 Bond Plan A: Interest.
12-17.13 Bond Plan A: Assessments under Fifty Dollars.
12-17.14 Bond Plan B: District bonds: Powers.
12-17.15 Bond Plan B: Assessments under Twenty-Five Dollars.
12-17.16 Bond Plan B: Unpaid lists.
12-17.17 Bond Plan B: Denominations.
12-17.18 Bond Plan C: District (liability) bonds: Powers.
12-17.19 Bond Plan C: Bond form.
12-17.20 Bond Plan C: Date and interest.
12-17.21 Bond Plan C: Issuance.
12-17.22 Bond Plan C: Advance payments.
12-17.23 Bond Plan C: Assessments under Fifty Dollars.
12-17.24 Bond Plan C: Unpaid lists.
12-17.25 Bond Plan C: Denominations.
12-17.26 Bond Plan D: Ad valorem land bonds: Powers.
12-17.27 Bond Plan D: Assessment districts.
12-17.28 Bond Plan D: Improvement bonds.
12-17.29 Bond Plan D: Acquisition bonds.
12-17.30 Bond Plan D: Municipal improvement district bonds.
12-17.31 Bond Plan D: Bonds on existing districts.
12-17.32 Bond Plan D: Possession bonds.
12-17.33 Bond Plan D: Notices of hearings.
12-17.34 Bond Plan D: Form of notices.
12-17.35 Bond Plan D: Hearings.
12-17.36 Bond Plan D: Issuance of bonds.
12-17.37 Bond Plan D: Bonds: Form and execution.
12-17.38 Bond Plan D: Issues, series, and divisions.
12-17.39 Bond Plan D: Callable bonds.
12-17.40 Bond Plan D: Supplemental bonds.
12-17.41 Bond Plan D: Interest.
12-17.42 Bond Plan D: Ad valorem taxes.
12-17.43 Bond Plan D: Method of collection.
12-17.44 Bond Plan D: Contributions.
12-17.46 Bond Plan D: Delinquency bonds.
12-17.47 Validity of bonds and tax rates.
12-17.48 Issuance of new bonds when proceedings for bonds are irregular.
12-17.50 Alteration of boundaries.
12-17.51 Bond Plan E: Ad valorem realty bonds: Powers.
12-17.52 Bond Plan E: Ad valorem assessments.
12-17.53 Bond Plan E: Procedure.
12-17.01 Purpose.
When bonds are to be issued in any proceeding had and taken in connection with any public improvement, and/or acquisition, and/or immediate possession, and/or street closing pursuant to the provisions of this Code, such bonds shall be issued, paid, and collected in accordance with the provisions of Sections 12-17.01 through 12-17.10 of this chapter.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.02 Declarations in resolutions of intention.
When the Council shall have determined that bonds shall be issued to represent the cost and expenses of any proposed work or improvement, or of the possession or acquisition of any property in any proceeding under this title, the Council shall so declare in its resolution of intention therefor and shall specify pursuant to which plan provided in this title such bonds shall be issued, the term or maximum term of their maturity following their date, and the rate or maximum rate of interest they shall bear, as determined by the Council.
(§ 1, Ord. 339 C-M, eff. November 7, 1974, as amended by § 1, Ord. 496 C-M, eff. March 25, 1980)
12-17.03 Form of bonds.
Whenever bonds shall be issued pursuant to any one of the plans provided in this chapter, such bonds shall be in the particular plan specified, with such appropriate changes in the wording of such bonds to show that they have been issued pursuant to such plan of this chapter.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.04 Execution.
The signatures on the interest coupons and all signatures, excepting one signature, on the bonds may be by printed, engraved, lithographed, or other process.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.05 Sale of bonds.
When bonds issued pursuant to the provisions of this chapter are to be sold, they may be sold by the Council as the Council shall determine. The proceeds of such sales shall be placed in the City treasury to the credit of the fund for which they were issued and shall be applied exclusively to the purposes and objects thereof.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.06 Premium.
If any bonds shall be sold for an amount in excess of par, such excess shall be paid into the fund for the improvement unless the Council shall otherwise determine.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.07 Registration against theft.
Bonds may be registered against theft, in which event the provisions of Article 7 of Chapter 4 of Division 4 of Title 4 of the Government Code of the State shall apply.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.08 Delinquent bonds.
Bonds may be registered for nonpayment, in which event the provisions of Article 2 of Chapter 3 of Part 1 of Division 1 of Title 5 of the Government Code of the State shall apply.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.09 Lost bonds.
New bonds or coupons may be issued to replace lost or destroyed bonds, in which event the provisions of Article 3 of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code of the State shall apply.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.10 Payment of assessments with matured bonds and coupons.
The payment of all, or any portion, of any assessment taxes levied to pay the principal or interest due, or to become due, on the bonds of any district formed pursuant to the provisions of this Code may be made with the matured bonds or matured coupons of such district. Such bonds and coupons shall be accepted and treated as cash and, when so received, shall be canceled, and the interest and sinking fund of such district shall be credited with the face value thereof.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.11 Bond Plan A: Lot bonds: Powers.
When bonds are issued pursuant to Plan A, the bond provisions of the Improvement Act of 1911 shall apply.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.12 Bond Plan A: Interest.
When the assessment was levied pursuant to the provisions of Sections 12-16.10 through 12-16.19 of Chapter 16 of this title, the interest shall run from the date of the filing of the list of unpaid assessments. Otherwise the interest shall run from a date to be determined by the Council.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.13 Bond Plan A: Assessments under Fifty Dollars.
As an alternative method for the collection of such assessments which are of an amount less than Fifty and no/100ths ($50.00) Dollars, proceedings may be had in accordance with the alternative provisions of Sections 12-16.10 through 12-16.19 of Chapter 16 of this title.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.14 Bond Plan B: District bonds: Powers.
Where bonds are issued pursuant to Plan B, the Improvement Bond Act of 1915 shall apply.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.15 Bond Plan B: Assessments under Twenty-Five Dollars.
Bonds may be issued in the total amount of all assessments in amounts of less than Twenty-Five and no/100ths ($25.00) Dollars which are unpaid at such time to mature at the same time as the maturity of the first series of such bonds, and such assessments shall become due and payable at the same time as that portion of the larger assessments which shall have been collected for the payment of the first series of the serial bonds and the interest thereon.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.16 Bond Plan B: Unpaid lists.
The list of unpaid assessments filed with the City Clerk by the Superintendent of Streets shall separately state in such list the total of the assessments which are under Twenty-Five and no/100ths ($25.00) Dollars or over in amount and the assessments which are under Twenty-Five and no/100ths ($25.00) Dollars in amount.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.17 Bond Plan B: Denominations.
Bonds for the amount of the assessments which are not an even multiple of not less than One Hundred and no/100ths ($100.00) Dollars or more than One Thousand and no/100ths ($1,000.00) Dollars may be made to mature at the same time as the first series of bonds.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.18 Bond Plan C: District (liability) bonds: Powers.
When bonds are issued pursuant to Plan C, the provisions of Sections 14, 15, 16, 17, 20, 21, 22, 24, 25, 26, 27, and 28 of the Refunding Assessment Bond Act of 1935 shall apply.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.19 Bond Plan C: Bond form.
Appropriate changes shall be made in the form of bonds issued pursuant to Bond Plan C to show that they have been issued for a public improvement or acquisition.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.20 Bond Plan C: Date and interest.
The Council shall determine the date of bonds issued pursuant to Bond Plan C and the date from which interest shall run. Interest shall accrue on the assessments from such date.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.21 Bond Plan C: Issuance.
Proceedings for the issuance of bonds pursuant to Bond Plan C shall be had as provided in the Improvement Bond Act of 1915.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.22 Bond Plan C: Advance payments.
Assessments for bonds issued pursuant to Bond Plan C may be paid in advance of maturity in the manner provided in the Improvement Bond Act of 1915, and the provisions thereof shall be inserted in such bonds instead of the provisions of the Refunding Act.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.23 Bond Plan C: Assessments under Fifty Dollars.
Bonds may be issued in the total amount of all assessments in amounts of less than Fifty and no/100ths ($50.00) Dollars which are unpaid at such time to mature at the same time as the maturity of the first series of such serial bonds, and such assessments shall become due and payable at the same time as that portion of the larger assessments which shall have been collected for the payment of the first series of the serial bonds and the interest thereon.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.24 Bond Plan C: Unpaid lists.
The list of unpaid assessments filed with the City Clerk by the Superintendent of Streets shall separately state in such list the total of the assessments which are Fifty and no/100ths ($50.00) Dollars or over in amount and the assessments which are under Fifty and no/100ths ($50.00) Dollars in amount.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.25 Bond Plan C: Denominations.
Bonds for the amount of the assessments which are not an even multiple of not less than One Hundred and no/100ths ($100.00) Dollars or more than One Thousand and no/100ths ($1,000.00) Dollars may be made to mature at the same time as the first series of bonds.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.26 Bond Plan D: Ad valorem land bonds: Powers.
There is hereby vested in the Council the power to issue serial ad valorem land bonds upon any district created pursuant to the provisions of this Code, or under any other chapter of this Municipal Code, or under any general law.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.27 Bond Plan D: Assessment districts.
The proposed district shall be described in the resolution of intention and shall be established as provided in Chapter 16 of this Code pursuant to which such proceedings are had.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.28 Bond Plan D: Improvement bonds.
If such proceedings are had pursuant to the provisions of Sections 12-16.10 through 12-16.19 of Chapter 16 of this Code, then, upon the completion of the work, the person appointed by the Council to be in charge of the work shall prepare and file with the Council a declaration that the work has been completed according to the contract therefor, together with an itemized statement of the cost of such work and the expenses incidental to such proceedings estimated to the conclusion of such proceedings. The amount of any contribution shall be stated therein, as well as the balance for which bonds are to be issued. When the bonds are to be issued, they shall be delivered to the contractor upon his paying to the City any moneys due the City for incidental expenses as stated in the declaration. The City Council may provide in the resolution of intention that the contractor shall be paid in cash from advances to be made to such project or from the proceeds of the sale of the bonds, in which event the bonds shall be issued as provided for the issuance of acquisition bonds.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.29 Bond Plan D: Acquisition bonds.
If the proceedings are had pursuant to the provisions of Sections 12-16.20 through 12-16.24 of Chapter 16 of this Code, then, upon the entry of all interlocutory judgments in any eminent domain proceedings brought pursuant thereto, proceedings shall be had substantially as provided in this chapter for the issuance of improvement bonds. The bonds shall be sold by the Council, and the proceeds shall be used to pay the costs and expenses of the project.
(§ 1, Ord. 339 C-M. eff. November 7, 1974)
12-17.30 Bond Plan D: Municipal improvement district bonds.
If proceedings are had pursuant to the provisions of Sections 12-16.25 through 12-16.33 of Chapter 16 of this Code, then, in the resolution ordering the acquisitions or improvements, or in a subsequent resolution, the Council shall determine the estimated cost of such acquisitions and improvements, and of the expenses incidental thereto, and the total estimated amount of the bonds to be issued. The bonds shall be issued and sold, and the proceeds shall be used to pay the costs and expenses of the project.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.31 Bond Plan D: Bonds on existing districts.
If the district has already been established and exists under any general law, the proceedings for the authorization and issuance of the additional bonds and the making of the additional acquisitions and improvements shall contain all the matters required and shall be conducted in all respects as provided for the original proceedings for the formation of the districts and the making of original acquisitions or improvements pursuant to the provisions of Sections 12-16.25 through 12-16.33 of Chapter 16 of this Code, so far as applicable, except that it shall not be necessary to describe the boundaries of the district. Such bonds may be issued on an existing district as originally established or as subsequently enlarged by annexation proceedings.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.32 Bond Plan D: Possession bonds.
If assessment proceedings are had pursuant to the provisions of Sections 12-16.20 through 12-16.33 of Chapter 16 of this Code, and proceedings shall be had for the taking of immediate possession of the property to be acquired, then the person in charge of such proposed acquisitions shall prepare and file with the City an estimate of the amount of money necessary to be deposited in court for immediate possession, and proceedings shall be had for the issuance and sale of bonds therefor as provided for the issuance of acquisition bonds. In such event the Council shall issue only such amount of additional bonds as is necessary to provide for the additional costs of such project, and the proceeds of the possession bonds shall be finally used to apply to the costs of the acquisition and improvements and expenses incidental thereto.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.33 Bond Plan D: Notices of hearings.
The City Clerk shall give a notice of the time and place of the hearing on the declaration in the resolution of intention in relation to the issuance of any bonds to be issued other than pursuant to the provisions of Sections 12-16.25 through 12-16.33 of Chapter 16 of this Code or pursuant to the provisions of Section 12-17.31 of this chapter. Such notice shall be published twice in a newspaper of general circulation published in the City, the first of which shall be at least ten (10) days before the date set for the hearing.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.34 Bond Plan D: Form of notices.
The notice shall refer to the resolution of intention in the proceedings for identification, for a description of the work to be done or acquisitions or improvements to be had, and for the boundaries of the assessment district, and notice shall be given therein to all persons interested that it is proposed to hear the report and issue bonds pursuant to the provisions of Sections 12-17.26 through 12-17.50 of this chapter, and any person feeling aggrieved by any act or determination done or made in such proceedings, or claiming that any previous acts or proceedings were irregular, defective, erroneous, or faulty, or claiming that the work or improvement was not performed according to the contract in a good and substantial manner, or claiming that any portion of the work or improvement for any reason was omitted or illegally included in the contract, or having any objections or reasons why bonds should not be issued in the amount set forth in the declaration and statement on file may appear before the Council at the time and place so fixed and be heard.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.35 Bond Plan D: Hearings.
All objections shall be made in writing and signed by the protestant, and any grounds not stated therein and filed at or before the time fixed for the hearing shall be deemed waived. The contractor or his assigns, and any other person interested in such matter, may appear and be heard upon any of the matters referred to in the notice. The Council may confirm, amend, alter, modify, or correct the report in such manner as it shall deem just, and require the work to be completed according to its direction or the direction of the person designated by the Council therefor.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.36 Bond Plan D: Issuance of bonds.
In the Council’s final order following the hearing, or in the resolution ordering the acquisitions or improvements when the proceedings are had pursuant to the provisions of Sections 12-16.25 through 12-16.33 of Chapter 16 of this Code the Council shall, by resolution, order the issuance of bonds. The resolution shall state the total principal amount thereof and the amount to mature in each year during their term. The first maturity of the bonds may be postponed for a period not beyond July 2 on the third calendar year following their date. The bonds may be made to mature on July 2 over a period not to exceed forty (40) years following their date.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.37 Bond Plan D: Bonds: Form and execution.
The bonds shall be in such form, shall be executed by such officers, and shall be made payable at such places within or without the State as the Council shall determine. The bonds shall be negotiable in form and be payable to the bearer.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.38 Bond Plan D: Issues, series, and divisions.
An issue of bonds shall constitute all of the bonds issued pursuant to a resolution of intention. Each issue shall be given a serial designation. The Council may, in its discretion, divide the issue into two (2) or more divisions and fix different dates for the bonds of each division, in which event the bonds of each division shall be made payable at such time or times as the Council shall determine. Possession bonds shall constitute a division of an issue. All bonds of an issue shall have equal priority.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.39 Bond Plan D: Callable bonds.
Bonds shall not be subject to call or redemption prior to their fixed maturity date unless the right to exercise the call is expressly stated on the face of the bonds. Provisions may be made therein for a premium on call.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.40 Bond Plan D: Supplemental bonds.
If the proceeds of the bonds for any reason are less than the cost of the acquisitions and improvements and expenses incidental thereto, additional bonds may be issued by filing with the City Clerk a declaration or statement of the amount necessary therefor and by giving a notice and holding a hearing and determining the amount of bonds to be issued therefor as provided in this chapter for the issuance of bonds upon declaration, notice, and hearing. The bonds shall be deemed a division of the bonds of the main issue.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.41 Bond Plan D: Interest.
Semiannual interest coupons shall be attached to bonds issued pursuant to Bond Plan D and shall be made payable on January 2 and July 2 of each year, except that the first coupon shall be for interest from the date of the bonds to January 2 next succeeding four (4) months after the date of such bonds. Provisions may be made for the payment of interest from the proceeds of the sale of the bonds for the period of acquisition and construction of the project and for one year thereafter. If, upon presentation at maturity, the payment of any bond is not made as provided in this chapter, interest shall continue at the same rate until the principal is paid in full.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.42 Bond Plan D: Ad valorem taxes.
For each district in which an issue of bonds has been had pursuant to the provisions of this chapter, the Council shall annually, until all of the bonds and interest thereon have been paid in full, at the time of levying the taxes for general City purposes, levy an ad valorem assessment upon all lands within such district, except publicly-owned property, which levy shall be in an amount clearly sufficient, together with any moneys which are or may be in the redemption fund and after making adequate allowances for estimated delinquencies, to pay all of the principal and interest on the bonds which shall become payable before the proceeds of another such levy shall be available therefor.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.43 Bond Plan D: Method of collection.
The special assessments levied pursuant to the provisions of Section 12-17.42 of this chapter shall be levied and collected upon the last equalized secured and utilized tax rolls upon which general City taxes are collected. Such special assessments shall be in addition to all other taxes levied for general City purposes and shall be levied, computed, entered, collected, and enforced in the same manner, by the same time, and with the same penalties and interest as are other taxes for City purposes, and all laws applicable to the levy, collection, and enforcement of taxes for City purposes are hereby made applicable to such special assessment levy, which shall be subject to redemption within one year from the date of sale in the same manner as such real property is redeemed from sales for general City taxes and, if not redeemed, shall in like manner pass to the purchaser.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.44 Bond Plan D: Contributions.
The Council may annually, at or prior to the time the levy is made, or at such other time as the Council shall determine, transfer to the redemption fund of the bonds such amounts as the Council shall determine.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.45 Bond Plan D: Zones.
If, in the judgment of the Council, varying benefits to be derived by the different parcels of land lying within the assessment district so require, the district may be divided into zones according to benefits. The district may be divided into as many zones (up to the total number of parcels of land in the district) as may be deemed necessary, and each zone shall be composed of and include all the lands within the district which will be benefited in like measure. The Council shall also determine the percentage of the sum to be raised each year by the levy and collection of the special assessment taxes in the district for the payments on the principal and interest of the bonds which will be raised from the lands in each zone. When the district is divided into such zones, the resolution of intention shall so state, giving such percentages to be raised from the lands in each zone. Each zone shall be designated by a different letter or number and shall be plainly shown on the map or plat of the assessment district filed in the office of the City Clerk and referred to in the resolution of intention, either by separate boundaries, coloring, or other convenient and graphic method, so that all persons interested may with accuracy ascertain within which zone any parcel of land is located. It shall be sufficient in all cases where the assessment district is to be divided into such zones according to benefits if the resolution of intention states that fact and refers to the plat or map for the boundaries and all details concerning the zones.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.46 Bond Plan D: Delinquency bonds.
Such levies, in cases of delinquency, shall be augmented by the supplemental remedies of the provisions of Sections 12-16.25 through 12-16.33 of Chapter 16 of this Code.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.47 Validity of bonds and tax rates.
All bonds issued and all taxes levied and collected pursuant to the provisions of this chapter shall, by their issuance, be conclusive evidence of the regularity, validity, and legal sufficiency of all proceedings, acts, and determinations in anywise pertaining thereto, and, after such bonds are issued, no tax levied or collected for the purpose of paying the principal or interest on such bonds shall be held invalid or illegal or be set aside by reason of any error, informality, irregularity, omission, or defect in such proceedings not amounting to a want of due process of law.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.48 Issuance of new bonds when proceedings for bonds are irregular.
When any court of competent jurisdiction shall determine that any contract purporting to have been made, or any proceedings, steps, or actions purporting to have been taken, or any bond issued, or any levy of assessment made pursuant to the provisions of this chapter is void or invalid or shall for any cause enjoin the issuance of any bonds proposed to be issued pursuant to the provisions of this Code, the court shall also determine that new bonds shall be issued in the place thereof. The Council may also order the issuance of new bonds when the Council shall determine the existence of such voidness, invalidity, or unenforceability. In such event, the Council shall cause a declaration to be filed which shall state the amount of any work performed, improvements made, or acquisitions had, and the expenses incidental thereto, and the estimated cost of any to be had. The declaration shall be noticed and heard and new bonds issued as provided in this chapter for acquisition bonds.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.49 Maintenance.
An annual assessment may be levied for the maintenance and/or operation of the facilities acquired or constructed with the proceeds of the bonds in the manner provided in Sections 12-16.34 through 12-16.55 of Chapter 16 of this Code.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.50 Alteration of boundaries.
The boundaries of the assessment district may be enlarged at any time in the manner provided in Sections 12-16.34 through 12-16.55 of Chapter 16 of this Code.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.51 Bond Plan E: Ad valorem realty bonds: Powers.
There is hereby vested in the Council the power to issue serial ad valorem realty bonds upon any district created pursuant to the provisions of this Code, or under any other chapter of this Municipal Code, or under any general law.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.52 Bond Plan E: Ad valorem assessments.
The annual ad valorem assessment to be levied therein shall be upon all land and improvements within the assessment district, except publicly-owned property.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)
12-17.53 Bond Plan E: Procedure.
Except as otherwise provided in Sections 12-17.51 through 12-17.53 of this chapter, all of the provisions of Sections 12-17.26 through 12-17.50 of this chapter shall apply.
(§ 1, Ord. 339 C-M, eff. November 7, 1974)