SEC. 250.273. DATE.

   The bonds shall be dated as the Board shall determine; provided, that in a proceeding had pursuant to Subdivision 2 of Subarticle V, the written consent of the contractor and his assigns shall be obtained before delaying their date.

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

SEC. 250.274. INTEREST.

   The interest shall be payable semiannually, except for the first payment which may be different, and computed from a date on or after the 31st day following the recordation of the assessment, subject, however, to Section 250.273 hereof.

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

SEC. 250.275. SERIAL AMOUNTS.

   The bonds may be made to mature in such annual serial amounts as the Board shall determine.

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

SEC. 250.276. DIVISIONS.

   The bonds may be issued in more than one division having different bond dates and dates from which interest shall run.

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

SEC. 250.277. EXECUTION.

   The signature on the interest coupons and all signatures excepting one signature on the bonds may be printed, engraved or lithographed or other process.

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

SEC. 250.278. SALE OF BONDS.

   When any bonds issued hereunder are to be sold, they may be sold by the Board as it shall determine. The proceeds of such sale shall be placed in the City Treasury to the credit of the fund for which they had been issued, and shall be applied exclusively to the purposes and objects thereof.

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

SEC. 250.279. PREMIUM.

   If any bonds be sold for an amount in excess of par, such excess shall be paid into the fund for the improvement, unless the Board shall otherwise determine.

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