§ 56.36. SECURITY FOR REPAYMENT OF BONDS.

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Unless otherwise provided by resolution, bonds issued to finance or refinance the cost of additions, extensions and improvements to the system shall be payable from and have a lien on the moneys on deposit in the fund. If the City shall issue bonds for the purposes set forth in this Chapter and secures the repayment thereof with moneys other than the moneys derived from the collection of the stormwater management assessments, the City may reimburse the fund, from which such moneys were derived, from moneys on deposit in the Stormwater Management Enterprise Fund.

(Ord. No. 21-90, passed 7/10/90)

                    
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