In the event the cost of acquisition and the benefits assessed against the city, by reason of any project, shall, at any time, be in excess of the amount of money then standing to the credit of the Thoroughfare Fund, the city shall have the power, and the Common Council is authorized to issue a bond in a sum sufficient to pay for the benefit, or any part thereof, as it may be deemed necessary, the same to be issued and sold in the same form and manner, and with the same rate or interest and with maturities as are by law provided for the issuance and sale of bonds of the city for the general purposes thereof. The proceeds of the sale of bonds shall be deposited in, and credited to, the Thoroughfare Fund, to be used in the payment for the cost of acquisition and the benefits assess against the city at large and any increased damages which may be ordered paid by the court on appeal.
(1982 Code, § 155.08 5 B) (Ord. 20-1964, passed - -)