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The proposition to be voted on may be substantially as follows:
Shall the Board of Supervisors of the City and County of San Francisco be authorized to issue bonds in the aggregate amount of $____________ pursuant to Subdivision 5, Bond Plan D, Ad Valorem (Land) bonds, of Subarticle VI of the San Francisco Improvement Procedure Code, to provide funds for the costs and expenses of the improvements proposed to be acquired and constructed in and for the district as described in Resolution of Intention No. ____________ adopted by the Board on ____________/____________/____________, 19____________?
(Added by Ord. 225-81, App. 5/5/81)
Following the close of the polls in a poll election, the precinct officers, and following the day of election in a mailed election, the Clerk, shall count the votes cast and make a return thereof to the Board which, by resolution, shall declare the results thereof.
(Added by Ord. 225-81, App. 5/5/81)
In the event that after having anticipated delinquencies in the amount of 10 percent of the amount of an annual assessment levy there is still a shortage in the funds raised in the amount of 10 percent or more, as a cumulative remedy, the City, of its own volition, or a bondholder, may bring an action to foreclose the lien of the assessment installments so delinquent, and the provisions of Sections 250.311 through 250.318 of Subdivision 4 of this Subarticle shall apply.
(Added by Ord. 225-81, App. 5/5/81)
SUBDIVISION 6
BOND PLAN E-AD VALOREM (REALTY) BONDS
BOND PLAN E-AD VALOREM (REALTY) BONDS
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