ARTICLE 5. Improvement District Warrants

Article 5 added by Stats. 1975, Ch. 513.

§§ 9881–9890 · 10 sections

• § 9881 A district may issue improvement district warrants signed by its president and secretary in face amount not exceeding in the aggregate the cost of the…
• § 9882 Improvement district warrants shall be made payable in amounts and at the times corresponding substantially to the amounts and times of payment of the…
• § 9883 Improvement district warrants shall bear interest at the rate fixed at the time of the levy of the improvement district assessment, and the interest may be…
• § 9884 Coupons for the interest on these warrants may be attached to them.
• § 9885 Improvement district warrants may be made payable to any of the following: (a) Bearer. (b) Persons furnishing work, labor, or material. (c) The contractor if…
• § 9886 Improvement district warrants may be sold by the district for not less than par at either public or private sale.
• § 9887 Any surplus funds and any money held by a district in a sinking or depreciation fund may in the discretion of its directors be invested in the warrants of any…
• § 9888 Except as otherwise provided by law, the cost of constructing, acquiring, or improving works of an improvement district shall be paid only out of the proceeds…
• § 9889 Improvement district warrants shall be paid only out of the proceeds of an improvement district assessment levied upon and collected from the real property…
• § 9890 Improvement district warrants or their proceeds shall be used solely for making the improvements for which the improvement district was formed and the…