CHAPTER 5. Division of Land and Bond

Chapter 5 added by Stats. 1941, Ch. 79.

§§ 6480–6488 · 9 sections

• § 6480 If any lot or parcel of land for which a bond has been issued is divided into two or more separate lots or parcels of land, including separate condominium…
• § 6481 When it is desired that new bonds be issued, an application therefor in writing signed by the owner of any interest in any of the lots or parcels, including…
• § 6482 Upon receipt of the application and fee the street superintendent shall apportion to each separate part of the original lot or parcel of land the proportionate…
• § 6483 When the apportionment has been made an application signed by all persons owning an interest in the original lot or parcel or lots or parcels of land and by…
• § 6484 When the treasurer has ascertained that the application is signed by all the necessary persons he or she shall so advise the street superintendent. The street…
• § 6485 The treasurer shall add to each apportioned amount a sum equal to 5 percent thereof but in no event more than ten dollars ($10) and shall make and sign a new…
• § 6486 The bond shall be payable in installments at the respective dates of the payment of principal and interest on the existing bond, the number of such…
• § 6487 No new bond shall be issued when the apportioned amount is less than fifty dollars ($50). If it is less, the apportioned amount shall be paid to the treasurer…
• § 6488 Upon the surrender of the existing bond the treasurer shall deliver to the bondholder or his agent or assigns the bonds issued for such apportioned assessments…