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)

SEC. 250.308. SUPPLEMENTAL LEVIES.

   The provisions of the 1915 Act which require that the City shall cause to be levied a special tax of not to exceed 10\F on the $100 of taxable property in the City, if constitutionally available, shall be restricted to the taxable property within the assessment district created in the proceedings or other district deemed benefited thereby and described in the resolution of intention, and shall not be enforceable against the City as a whole.

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