The parish council by resolution shall cause to be issued, executed, negotiated, sold
and delivered negotiable interest bearing coupon paving certificates of the parish
in an amount not exceeding the total amount of the unpaid installments or deferred
payments as provided for in the preceding section with such certificates to bear interest
at a rate not exceeding six (6) percent per annum, payable annually, and to mature
serially over a period not exceeding twenty (20) years, but in no event shall such
certificates extend over a longer period of time than that provided by the assessment
ordinance. Such certificates shall be issued as further provided in R.S. 33:3689.8
et seq., as amended.
(Ord. No. 96-95, § 1, 6-13-96)
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