§ 119. REVOLVING FUND.

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The Council may establish what shall be designated as a revolving fund, for the purpose of advancing the money needed to carry on the work involved in making improvements to be paid for by special assessments, and said fund shall be reimbursed when the improvement is completed and the assessing bond ordinances passed and the bonds sold. Upon the establishment of such revolving fund, assessment ordinances shall not be passed until the improvement is completed and the exact cost known. The cost of engineering and inspection shall be included in the assessed cost of the improvement.

                    
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