COMPILED CODE - Iowa Legislature - State of Iowa

271
Tit. XIII, Ch. 26. STREET IMPROVEMENT AND SEWER BONDS. §§ 3926-3957.
6 all been built to finished grade and drained, the state highway com-
7 mission shall give preference to such grading and draining projects,
8 and not to exceed twenty per cent of the annual allotment of the pri-
9 mary road funds may be spent on projects within cities hereunder.
[39 G. A., ch. 230, § 5.]
SEC. 3926. Assessment—levy—certification of delinquent taxes.
1 At the time designated in such notice, the council shall meet, hear
2 and consider all objections to the whole or any part of such assess-
3 ment, and shall correct all errors or omissions therein and after such
4 consideration, the council, by resolution, may adopt said assessment
5 as proposed or as corrected and levy the same; and all such assess-
6 ments or any part thereof which are not paid within thirty days after
7 such levy shall be certified by the clerk to the county auditor as a
8 special tax against the lot, part of lot, parcel of land, or property
9 affected, and shall bear interest at the rate of six per cent per annum
10 from the date the assessment is adopted until paid, and shall be colli
lected by the county treasurer in the same manner as other taxes.
[37 G. A., ch. 172, § 4; 39 G. A., ch. 242, § 1.]
CHAPTER 26.
STREET IMPROVEMENT AND SEWER BONDS AND CERTIFICATES.
SECTION 3957. Form.
1 Street improvement and sewer bonds, respectively, issued for any
2 one levy, shall all bear the same date and be divided into as many
3 series as there are installment payments of said special assessments,
4 and each series shall be as nearly equal in amount as practicable.
5 Each series of said bonds shall mature on the first day of either April,
6 May or June, as may be determined by the council, of the years in
7 which the installments of said special taxes come due; shall bear the
8 name of the street, avenue, highway, alley or district in which said
9 street improvement or sewer is located, and shall bear interest at a rate
10 not exceeding six, per cent per annum, payable annually or semi-
11 annually, and coupons for said interest shall be attached thereto. Said
12 bonds and coupons shall be signed by the mayor, countersigned by the
13 clerk, and sealed with the corporate seal, and shall be substantially in
14 the following form, but subject to changes that will conform them to
15 the ordinance (or resolution) of the council, to wit:
16 The city of , in the state of Iowa, promises to pay as
17 hereinafter stated, to the bearer hereof, on the day of ,
18 the sum of dollars, with interest thereon at the rate of
19 per cent per annum, payable annually, on the presentation and
20 surrender of the interest coupons hereto attached. Both principal and
21 interest of this bond are payable at the bank in the city
22 of , state of This bond is issued by the city
23 of under and by virtue of sections thirty-nine hundred
24 fifty-five, thirty-nine hundred fifty-six, thirty-nine hundred fifty-eight
25 to thirty-nine hundred sixty-five, inclusive, of the compiled code and
26 thirty-nine hundred fifty-seven of this supplement, and the ordinance