COMPILED CODE - Iowa Legislature - State of Iowa

272
§ 3981. CONSTRUCTION OF WATERWORKS IN CITIES. Tit. XIII, Ch. 28.
27 (or resolution) of said city, duly passed on the day of ,
28 1
29 This bond is one of a series of bonds of like tenor, date and
30 amount, numbered from :to and issued for the purpose of
31 defraying the cost of improving, curbing and paving a portion of
32 street (or constructing a sewer on street), as
33 described in said ordinance or resolution, in said city, which cost is
34 payable by the abutting property along said improvements, and is
35 made by said law a lien on all said abutting or adjacent property, and
' 36 payable in seven annual installments, with interest on all deferred
37 payments at the rate of six per cent per annum, and this bond is pay-
38 able only out of the fund created by the collection of said
39 special tax, and said fund can be used for no other purpose.
40 And it is hereby certified and recited that all the acts, conditions
41 and things required to be done, precedent to, and in the issuing of
42 this series of bonds, have been done, happened and performed, in regu-
43 lar and due form, as required by said law and ordinance (or resolu-
44 tion) ; and for the assessment, collection and payment hereon of said
45 special tax, the full faith and diligence of said city of are
46 hereby irrevocably pledged.
47 In testimony whereof, the city of , by its city council,
48 has caused this bond to be signed by its mayor and countersigned by
49 its city clerk, with the seal of said city affixed, this day of ,
50 1
51
52 City Clerk. Mayor.
53 No
54 On the day of , the city of , Iowa, prom-
55 ises to pay to bearer, as provided in said bond, the sum of..,.....:
56 dollars, at the bank, in the city of , being
57 months' interest due that day on its improvement bond No ,
58 dated , 1
59
60 Countersigned. Mayor.
61
62 City Clerk.
[C, '97, § 843; 39 G. A., ch. 64, § 1.]
CHAPTER 28.
PURCHASE AND CONSTRUCTION OF WATERWORKS IN CITIES OF FIRST CLASS.
SECTION 3981. Tax—sinking fund.
1 .Cities of the first class and cities of the second class having a
2 population of over ten thousand shall have power to levy, in addition
3 to the regular water tax authorized by law, a tax of two mills upon the
4 dollar upon all the property within the corporate limits of said cities,
5 excepting lots greater than ten acres in area, used for horticultural
6 or agricultural purposes, for the purpose of creating a sinking fund,
7 to be used as provided in this chapter for the purchase or erection of
8 waterworks in such cities, or for the payment of any indebtedness