Section 43-2541 – SALE OF PROPERTY DEEDED TO DISTRICT.
43-2541. SALE OF PROPERTY DEEDED TO DISTRICT. At any time after acquiring title and possession of any property, as hereinbefore provided, the district may sell such property to any purchaser upon receiving therefor a sum not less than the amount for which the property was sold to the district and by the payment of all […]
Section 43-2542 – SALE OF PROPERTY AFTER MATURITY OF BONDS.
43-2542. SALE OF PROPERTY AFTER MATURITY OF BONDS. Within thirty (30) days after the maturity of the last installment of any issue of bonds of a local improvement district, if any such bonds or interest coupons shall remain unpaid, any property remaining unsold, to which the district has taken title by reason of assessment of […]
Section 43-2543 – DISPOSITION OF FUNDS.
43-2543. DISPOSITION OF FUNDS. All money received by the treasurer on account of the payment of assessments or installments thereof, the assignment or redemption of delinquency certificates, or for rents, issues and profits, or from the sale of any property, title to which is held by the district for the benefit of any local improvement […]
Section 43-2544 – DELINQUENT CERTIFICATE NOT ASSIGNABLE DURING PENDENCY OF ACTION.
43-2544. DELINQUENT CERTIFICATE NOT ASSIGNABLE DURING PENDENCY OF ACTION. No certificate of delinquency as hereinbefore provided, shall be assigned, or any property sold, to which the district has taken a deed, on account of any assessment, or installment thereof, during the pendency of any proceeding in court challenging the validity of such assessment. History: [43-2544, […]
Section 43-2545 – DUTIES OF OFFICERS.
43-2545. DUTIES OF OFFICERS. When the board shall decide that it is to the best interest of the district that the duties in this code designated to be performed by the treasurer should be done and performed by the secretary of such district, they may at their option, by resolution, duly presented and approved by […]
Section 43-2546 – LOCAL IMPROVEMENT GUARANTEE FUND — CREATION OF FUND.
43-2546. LOCAL IMPROVEMENT GUARANTEE FUND — CREATION OF FUND. Any district may by resolution of appropriation or by levy of a tax of not to exceed one (1) mill in any one (1) year upon the lots or lands in the local improvement district, or by appropriation from such other sources of the local improvement […]
Section 43-2547 – BONDS, WARRANTS AND COUPONS, WHEN PAID OUT OF FUND — NONPAYMENT FOR WANT OF FUNDS — INTEREST.
43-2547. BONDS, WARRANTS AND COUPONS, WHEN PAID OUT OF FUND — NONPAYMENT FOR WANT OF FUNDS — INTEREST. Whenever any district has established such local improvement guarantee fund, and any bond, warrant or coupon drawn against any local improvement fund is presented to the district for payment and there is not sufficient amount in said […]
Section 43-2548 – SUBROGATION OF DISTRICT TO RIGHTS OF PAYEE — SURPLUS FUNDS — PAYMENT INTO FUND — PREFERENCES.
43-2548. SUBROGATION OF DISTRICT TO RIGHTS OF PAYEE — SURPLUS FUNDS — PAYMENT INTO FUND — PREFERENCES. Whenever there shall be paid out of the local improvement guarantee fund, any sum on account of principal or interest of a local improvement bond or warrant, the district, as trustee for the fund, shall be subrogated to […]
Section 43-2549 – MAINTENANCE AND OPERATION AND SOURCES OF FUND.
43-2549. MAINTENANCE AND OPERATION AND SOURCES OF FUND. The board shall prescribe rules and regulations for the maintenance and operation of the guarantee fund not inconsistent herewith. After the creation of such fund, all money derived from the assignment of delinquency certificates, redemptions, sale of property under foreclosure for delinquent local improvement district assessments or […]
Section 43-2550 – REPLENISHMENT OF FUND — WARRANTS — ISSUANCE AGAINST FUND — TAX LEVY.
43-2550. REPLENISHMENT OF FUND — WARRANTS — ISSUANCE AGAINST FUND — TAX LEVY. Whenever there is not a sufficient amount of cash in said local improvement guarantee fund, at any time to pay any and all warrants, together with interest thereon, drawn against said fund, the board may replenish said local improvement guarantee fund by […]