The proceeds of all such bonds and other obligations of the city, if any, issued for
defraying the cost of making permanent improvements of the city by the city council
or any of the boards or departments of the city, and the proceeds of all taxes levied
for like purposes by the city council or by any board or department of the city, shall
be credited to and shall constitute portions of the permanent improvement fund of
the city. Such fund shall be divided into subdivisions corresponding to the several
boards and departments of the city entitled to use any portion of said fund for making
permanent improvements of the city as authorized by law, and corresponding to the
several purposes for which said fund may be legally used. From said fund shall be
paid the cost of all public permanent improvements of the city not otherwise provided
for, embracing and including permanent improvements made by or under the authority
and direction of the city council, the park board, and library board, or any board
or department of the city having authority to make such improvements. (Code 1960,
As Amend., § 484.020)
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