2009 Iowa Code
Title 8 - Transportation
Subtitle 1 - Highways and Waterways
CHAPTER 311 - SECONDARY ROAD ASSESSMENT DISTRICTS
311.28 - CERTIFICATES ANTICIPATING ASSESSMENTS.

        311.28  CERTIFICATES ANTICIPATING ASSESSMENTS.
         In order to render immediately available that amount of the
      estimated cost of an improvement which has been specially assessed,
      the board may issue road certificates in the name of the county in an
      aggregate amount not exceeding the then unpaid amount of the special
      assessment levied in the district.  Each issue of certificates shall
      be under, and in accordance with, a duly adopted resolution of the
      board which shall recite all of the following:
         1.  The name or designation of the road district on account of
      which the certificates are issued.
         2.  That a stated amount has been specially assessed against the
      lands within the district.
         3.  That a stated amount of the aggregate special assessment has
      not yet been paid.
         4.  That it is necessary to render the unpaid amount immediately
      available.
         5.  The number of road certificates authorized and the specific
      amount of each certificate.
         6.  The specific numbering or designation of the certificates.
         7.  The rate of interest which each certificate shall bear from
      date, not exceeding that permitted by chapter 74A.
         8.  The fact that the certificates are payable solely from the
      proceeds of the special assessments which have been levied on the
      lands within the districts.
         9.  That each certificate shall be payable on or before January 1
      of the first year following the maturity of the last installment of
      the special assessments, and that interest on the certificate shall
      be paid annually.
         10.  The authorization to the chairperson of the board, and to the
      county treasurer, to sign and countersign each of the certificates.
      

         [C24, § 4717; C27, 31, 35, § 4753-a9; C39, § 4753.09; C46, §
      311.19; C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, S81, § 311.28;
      81 Acts, ch 117, § 1217]