Part 6 — BOND PLAN B - DISTRICT BONDS

There is hereby vested in the city council the powers provided in Section 1 of said Improvement Bond Act of 1915, as amended prior to and as the said act was in effect on January 1, 1936, together with like powers to issue bonds under this plan for any of the purposes provided in Section 14.16.650 of this chapter.

(Prior code § 2600.56.)

The said serial bonds shall be issued, collected, and paid, and assessments and reassessments which are a trust fund for the redemption and payment of same shall be made, confirmed, and collected, according to the procedure provided in Sections 3, 5, 5a, 6, 7, 8, 9, 11, 12, 13, 14a, 15, 16, 17 and 19 of said Improvement Bond Act of 1915, as amended prior to and as the said act was in effect on January 1, 1936, and Section 14(b) of said act, as amended prior to and as the said act was in effect on January 1, 1928.

(Prior code § 2600.57.)

Such serial bonds shall be issued in the total amount of all assessments of twenty-five dollars or more, which are unpaid at the time of the issuance thereof. Bonds shall also be issued in the total amount of all assessments less in amount than twenty-five dollars which are unpaid at said time, which bonds shall mature at the same time as the maturity of the first series of said serial bonds, and which assessments shall become due and payable at the same time as that portion of the larger assessments which are collected for the payment of the first series of said serial bonds and the interest thereon. The list of unpaid assessments filed with the city clerk by the street superintendent shall separately state in such list the assessments which are of twenty-five dollars or over in amount and the assessments which are under twenty-five dollars in amount, and shall state the total of each thereof.

(Prior code § 2600.58.)