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A. In case said improvement is made on the bond installment plan, the city treasurer shall, at the expiration of thirty (30) days after the first publication of the notice to pay assessment, report to the city council the amount collected by him upon the said roll and shall specify in said report the amount remaining unpaid upon said roll, and the city council may then, or at a subsequent meeting, by ordinance, direct the mayor and city clerk to issue the bonds on the local improvement district established by the ordinance ordering the improvement in an amount equal to the amount remaining unpaid on said assessment, which ordinance shall specify the denominations of the bonds which may be in denominations of five hundred dollars ($500.00), two hundred dollars ($200.00), and one hundred dollars ($100.00) as in such ordinance provided.

B. That there shall be attached to each bond such a number of coupons, not exceeding twelve (12), as shall be required to represent the annual interest thereon.

(Prior code § 8.04.140)