§ 14.16.1420 — Plan C bonds

14.16.1420 - Plan C bonds.

A. When such bonds are to be issued pursuant to Plan C of Parts 4 through 7 of this chapter, then, upon the filing of the proposal, proceedings shall be had in the following order: 1. The city engineer, or person designated by the council so to do, shall prepare and file with the city clerk a report showing the amount necessary to consummate the plan of acquiring and cancelling said issued bonds in accordance with said proposal, and the costs and expenses incidental thereto; 2. The city clerk shall fix a time for hearing on issuance of bonds, and give notice thereof; 3. The council shall on said hearing, determine the amount and order the issuance of bonds; 4. All said things shall be done substantially in the manner and with like effect, as provided in the applicable provisions of Section 14.16.1030. B. Upon the issuance of said bonds, the same shall be sold or exchanged and the plan of acquiring and cancelling outstanding bonds consummated, substantially in the manner herein provided in Section 14.16.1430 of this part.

(Prior code § 2600.103.)