§ 250.361.

AD VALOREM ASSESSMENT

For each district in which an issue of bonds has been had pursuant hereto, the Board shall annually, until all of the bonds and interest thereon have been paid in full, at the time of levying the taxes for general City purposes, levy an ad valorem assessment upon all lands and improvements within said district except publicly owned property, which levy shall be in an amount clearly sufficient, together with any monies which are or may be in the redemption fund and after making adequate allowance for estimated delinquencies to pay all of the principal of an interest on said bonds which shall become payable before the proceeds of another such levy shall be available therefor.

History

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

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