311.28  Certificates anticipating assessments.
  In order to render immediately available that amount of the estimated cost of an improvement which has been specially assessed, the board may issue road certificates in the name of the county in an aggregate amount not exceeding the then unpaid amount of the special assessment levied in the district. Each issue of certificates shall be under, and in accordance with, a duly adopted resolution of the board which shall recite all of the following:
  1.  The name or designation of the road district on account of which the certificates are issued.
  2.  That a stated amount has been specially assessed against the lands within the district.
  3.  That a stated amount of the aggregate special assessment has not yet been paid.
  4.  That it is necessary to render the unpaid amount immediately available.
  5.  The number of road certificates authorized and the specific amount of each certificate.
  6.  The specific numbering or designation of the certificates.
  7.  The rate of interest which each certificate shall bear from date, not exceeding that permitted by chapter 74A.
  8.  The fact that the certificates are payable solely from the proceeds of the special assessments which have been levied on the lands within the districts.
  9.  That each certificate shall be payable on or before January 1 of the first year following the maturity of the last installment of the special assessments, and that interest on the certificate shall be paid annually.
  10.  The authorization to the chairperson of the board, and to the county treasurer, to sign and countersign each of the certificates.
[C24, §4717; C27, 31, 35, §4753-a9; C39, §4753.09; C46, §311.19; C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, S81, §311.28; 81 Acts, ch 117, §1217]