CHAPTER 3.08
LOCAL IMPROVEMENT GUARANTEE FUND

SECTION:

3.08.010: Creation Of Fund

3.08.020: Purpose

3.08.030: Annual Tax

3.08.040: Warrants Drawn Against Fund When

3.08.050: Payment Of Bonds Or Warrants; Rights Of City

3.08.060: Monies To Be Paid Into Fund

3.08.070: Replenishment Of Fund

3.08.080: Claims Against The City

3.08.090: Termination Of Fund When; Reversion Of Amounts And Rights To General Fund

3.08.010: CREATION OF FUND:

There shall be and is created in the city a special fund known and designated as local improvement guarantee fund of the city. (1994 Code; Ord. 160 § 1, 1956)

3.08.020: PURPOSE:

Said fund is created for the purpose of guaranteeing to the extent of said fund the payment of bonds and warrants, and interest thereon, hereafter issued against any local improvement district in the city for the payment of local improvements therein. (1994 Code; Ord. 160 § 2, 1956)