§ 534 — Entire cost may be assessed upon petition of property owners

Sec. 534. - Entire cost may be assessed upon petition of property owners.

In the event a petition be presented to the legislative body of the municipality averring the willingness of each of the signers to pay his or her pro rata share of the entire cost of any improvement such as is authorized by this Act and relieves the municipality from the payment of any part thereof as to any street, highway or alley, or part or parts thereof, which petition is signed by the owners of at least seventy-five percent of the frontage of the lots or parcels of land abutting on such street, highway or alley, or part or parts thereof proposed to be thus improved, such petition may be granted by the legislative body and thereupon proceedings may be had under this Act the same in all respects as if the improvement had been begun by the legislative body of its own initiative, and bonds or certificates of indebtedness may be issued, and assessments may be made, except that the assessments shall, in such event, be made for the entire cost of the improvement, and bonds or certificates of indebtedness may be issued for the entire cost instead of assessments being made for only three-fourths [one-half] of the cost thereof; and bonds or certificates of indebtedness being issued for only two-thirds of the cost thereof; provided, that no assessment under this section shall in any event exceed on any lot two-thirds of the assessed value thereof for City taxes for the year in which the lien against the lot attaches, and all other provisions of said chapter 341 as amended by this Act shall be applicable in respect of any improvement made under this section, except as in this section otherwise expressly provided. This section is hereby declared to be separate from the remainder of the Act, and the validity or invalidity of this section shall not affect the remainder of the Act.

(Acts 1907, ch. 341, § 19; Acts 1909, ch. 109, § 12; Priv. Acts 1925, ch. 512)