§ 250.314.

USE OF BONDS AND COUPONS TO PURCHASE PROPERTY

A purchaser of property upon foreclosure by the Board or by a bondholder, for the nonpayment of any installment of principal, interest, penalties, fees and charges of any such assessment, supplemental assessment or re-assessment, may pay for said property with, or apply on account of the purchase price thereof, matured coupons or the matured portions of a coupon to the date of its use, and matured and unmatured bonds of such issue, the delinquent assessments for which the property is sold.

History

(Added by Ord. 225-81, App. 5/5/81)

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