The legislative body conducting the proceedings may provide for a classification of
assessments into different terms of maturity so thatsome assessments may be made to mature over a shorter period of time than other assessments and may also provide for assessments to mature in other than equal annual amounts.
In such event, the bond declaration in the resolution of intention, assessment, and
notice of recording the assessment may recite that the last installment of bonds shall
mature a maximum rather than an exact number of years from the second day of January
next succeeding the next September 1st following their date.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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