3.08.090: TERMINATION OF FUND WHEN; REVERSION OF AMOUNTS AND RIGHTS TO GENERAL FUND:
At such time, and not before, when all bonds and coupons of all existing local improvement districts for Ashton shall have been paid in full, the amounts and all property rights of said local improvement guarantee fund shall revert to the general fund of the city, and said local improvement guarantee fund shall terminate and become nonexistent at said time. (1994 Code; Ord. 160 § 9, 1956)