12.16.050 Moneys to be deposited in fund.
This section is included in your selections.
All moneys realized for the sale of any such lot, tract or parcel of land by the City, (after the payment of the amount of general taxes against the same, and the delinquent local improvement assessments against such lot, and cost of foreclosure) all taxes specially levied and collected for said fund, and all interest received by the City Treasurer from moneys invested from said fund, and all surplus remaining in any local improvement district fund after the payment of warrants and bonds issued in said local improvement district in full, shall be placed in said local improvement guarantee fund. (Ord. 568, 1927)