§ 241.91. Financing.

Before taking title to such real property or awarding a contract for such improvement, the town board shall make available the estimated cost of such improvement. In case the actual cost of any such improvement exceeds the estimated cost, such board may make such additional estimates of cost as it deems necessary and proper and shall make available the necessary funds, in the same manner as the original estimates of cost. Such town board may raise such funds in the manner provided by the Local Finance Law. It shall be the duty of such town to cause to be raised annually by tax upon the taxable property of such town, in the same manner as other taxes are levied and collected a sufficient sum to pay the principal of and interest upon any obligations so issued when and as the same shall become due and payable. If the entire town is not to pay for any such improvement, the sums disbursed by the town for the payment of principal and interest on obligations shall annually be reimbursed to the town from the property designated to pay the same.

(§ 158 of the Laws of 1948, Ch. 852)