357C.10 Bonds in anticipation of revenue.
Benefited street lighting districts may anticipate the collection of taxes by the levy herein provided, and to carry out the purposes of this chapter may issue bonds payable in not more than ten equal installments, with the rate of interest thereon not exceeding that permitted by chapter 74A. No indebtedness shall be incurred under this chapter until authorized by an election. Such election shall be held and notice given in the same manner as the election provided herein for the authorization of a tax levy, and the same sixty percent vote shall be necessary to authorize indebtedness. Both propositions may be submitted to the voters in the same election.
[C71, 73, 75, 77, 79, 81, §357C.10]
Structure Iowa Code
Chapter 357C - STREET LIGHTING DISTRICTS
Section 357C.1A - Petition for public hearing.
Section 357C.2 - Limitation on area.
Section 357C.3 - Time of hearing — notice.
Section 357C.4 - Action by board.
Section 357C.6 - Hearing on engineer’s report.
Section 357C.7 - Election on proposed levy and candidates for trustees.
Section 357C.8 - Trustees — term and qualification.
Section 357C.9 - Trustees’ powers.
Section 357C.10 - Bonds in anticipation of revenue.
Section 357C.11 - Dissolution of district.