After the formation of the improvement district pursuant to this Chapter, the Mayor and Common Council may, by resolution, at such time or times as they deem proper, issue bonds on behalf of the improvement district, and thereafter all proceedings shall be limited and shall apply only to the improvement district, and assessments for the payment of the bonds and the interest thereon shall be levied upon the real property or land only, as determined in the resolution of intention, in the improvement district.
(Ord. 3589, 7-06-76)