Section 14-1410. Construction of sewerage system at joint expense of village and of property benefited

The board of trustees of any village may,  by
  resolution adopted at a regular meeting, determine upon the construction
  of  the whole or any part of the sewerage system at the joint expense of
  the village and of the property benefited. The resolution shall describe
  the portion of the system as a general village  charge  or  as  a  local
  assessment on property benefited or proposed to be so constructed, shall
  contain  a statement of the estimated maximum cost thereof, and also, if
  applicable, of the proportion of the expense to  be  assessed  upon  the
  village  at  large, and the aggregate proportion to be assessed upon the
  property benefited.   If  the  resolution  be  adopted,  such  aggregate
  proportion shall be equitably adjusted with reference to the benefits to
  be derived therefrom.