468.79 - DEFICIENCY LEVY -- ADDITIONAL BONDS.
468.79 DEFICIENCY LEVY -- ADDITIONAL BONDS. If any levy of assessments is not sufficient to meet the interest and principal of outstanding bonds, or if default shall occur by reason of nonpayment of assessments, additional assessments may be made on the same classification as the previous ones. Additional bond issues may be made when necessary to complete full payment for improvements, by the same proceedings as previous issues.
Section History: Early Form [C97, § 1953; S13, § 1989-a27; C24, 27, 31, 35, 39, § 7509; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 455.87]
Section History: Recent Form 89 Acts, ch 126, § 2 CS89, § 468.79