15-835. Special funds; diversion of surplus.

All money received from any special assessments shall be held by the treasurer as a special fund to be applied to the payment of the improvement for which the assessment was made, and such money shall be used for no other purpose; Provided, however, any surplus remaining in any such fund after all obligations against the same shall have been satisfied, may be transferred to any other fund by order of the council.

Source:Laws 1901, c. 16, § 70, p. 95; R.S.1913, § 4556; C.S.1922, § 3943; C.S.1929, § 15-814; R.S.1943, § 15-835.