SEC. 250.072. ID.-PAYMENT.

Contributions or partial payments from the United States or the State or any agency of either, or from any other public entity, may be accepted and the same or any available City monies, deemed by the Board to be in the furtherance of the public interest, may be applied to any part of the costs of a project at any time during or after the proceedings and, where appropriate, applied in reduction of the amount assessed or to be assessed therefor.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.071. PURCHASE OF ASSESSMENT, WARRANT AND BONDS.

In any proceedings had hereunder, the City may, at any time prior to the delivery or sale thereof, determine to purchase the assessment, warrant or bonds to be issued therein, subject to any limitations contained in the Charter.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.072. ID.-PAYMENT.

In such event, the City shall, upon the issuance of the assessment, warrant or bonds, direct the payment of the principal amount to the persons entitled thereto.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.073. ID.-BONDS.

Such bonds, when issued, shall be made payable to bearer, provided, however, that the Board may provide for their issuance in, or conversion to, registered form.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.074. ID.-CITY.

In the case of such investment, the City shall succeed to all rights under such assessment, warrant and bonds.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.075. ID.-SUBSEQUENT PURCHASE.

The City shall have like power to subsequently acquire and own any bonds or assessments or contract issued or levied or made hereunder, or now issued and outstanding, for any improvement and/or acquisition of the City.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.076. PURCHASE AND SALE OF DELINQUENT PROPERTY.

The City may bid and purchase any real or personal property offered for sale for the nonpayment of any improvement assessment levied and assessed under any of the provisions of this part, or of any installment thereof, or penalties or costs or interest thereon, or any suit brought to foreclosure such assessment.

(Added by Ord. 225-81, App. 5/5/81)

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