§ 250.365.

ISSUANCE OF NEW BONDS WHEN PROCEEDINGS FOR BONDS IRREGULAR

When any court of competent jurisdiction shall determine that any contract purporting to have been made, or any proceedings, steps or actions purporting to have been taken, or any bond or bonds issued, or any levy of assessment made, under this Subdivision, is or are void, invalid or unenforceable for any reason, or shall for any cause enjoin the issuance of any bonds proposed to be issued under this Procedure Code, said court shall also determine that new bonds shall be issued in the place thereof. The Board may also order the issuance of new bonds when it shall determine the existence of such voidness, invalidity or unenforceability. In such event, the Board shall cause a declaration to be filed which shall state the amount of any work performed, improvements made, acquisitions had, and the expenses incidental thereto, and the estimated cost of any improvements, acquisitions and expenses yet to be had. The declaration shall be noticed and heard and new bonds issued as herein provided for acquisition bonds.

History

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

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