SEC. 250.295. POWERS.

   The Improvement Bond Act of 1915, as such Act may be amended from time to time, is incorporated in and made a part of this Subarticle. Where bonds are issued pursuant to this Plan, except as otherwise provided herein, said Act shall apply.

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

SEC. 250.296. ASSESSMENTS UNDER $150.

   Bonds may be issued in the total amount of all assessments in amounts of less than $150 which are unpaid at such time, to mature at the same time as the maturity of the first series of the serial bonds, and which small assessments shall become due and payable at the same time as the portion of the greater assessments which shall have been collected for the payment of the first series of the serial bonds and the interest thereon.

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

SEC. 250.297. UNPAID LIST.

   The list of unpaid assessments filed with the Treasurer by the Director shall separately state in such list the total of the assessments which are of $150 or over in amount and the assessments which are under $150 in amount.

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

SEC. 250.298. DENOMINATIONS.

   Bonds representing the amount of the total assessments remaining after division of the total into series of bonds of any multiple of $100 may be made to mature at the same time as the first series of bonds.

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

SEC. 250.299. CALLING BONDS.

   When sufficient surplus monies are in the redemption fund with which to call a bond, the Treasurer shall call and retire a bond in the manner provided in the 1915 Act; provided that the notice need only be given for a period of 30 days.

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

SUBDIVISION 4 BOND PLAN C-DISTRICT (LIABILITY) BONDS

SEC. 250.305. POWERS.

   When bonds are issued pursuant to this Plan, the provisions of Subdivision 3 of Subarticle VI of this Procedure Code shall apply, except as herein provided.

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

SEC. 250.306. BOND FORM.

   Appropriate changes shall be made in the form of the bonds to show that they have been issued pursuant to this Subdivision.

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

SEC. 250.307. SUPPLEMENTAL ADVANCES.

   The provisions of the Improvement Bond Act of 1915 which require the City to advance, as a loan to the bond redemption fund from available surplus funds, the amount of any delinquent installment of principal, interest and penalties thereon, shall not be mandatory and shall not be enforceable.

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