17. Form — Disposition : — Said bonds shall run not longer
than ten years and bear interest at not to exceed seven per
cent, and the credit of the city shall be pledged for the pay-
ment thereof. They may be issued directly to the contractor,
or sold and the proceeds applied to the purpose for which they
were issued. The fund raised by such special assessments
shall be applied towards the redemption of such bonds or to
the reimbursement of the city, when said bonds, or any part
thereof, have been redeemed from the general taxes of the city.
18. City Improvement Bonds : — For the cost of any
such improvements as are made payable out of the general
improvement fund of the city, the mayor and council may also
issue bonds of the same tenor and effect, and such bonds and
the interest thereon, shall be paid by a levy of a general tax
on all of the property of the city. (Chap. loi. Laws of 1887,
in force Feb. 23, 1887; also see chap. 99 Ibid.)

Cities of the Second Class.
