§ 11-4. Payment of Securities.  


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  • In addition to any other provisions for payment, whenever there have been paid and cancelled three-fourths of the securities issued for a local improvement district, and for any reason the remaining assessments are not paid in time to redeem the final securities for the district, the Town shall, if so provided in the ordinance authorizing such securities, pay the securities when due and reimburse itself by collecting the unpaid assessments due the district.