Section 43-2552 – BONDS PAYABLE FROM FUND.
43-2552. BONDS PAYABLE FROM FUND. Whenever a district has created a local improvement guarantee fund, under the provisions of this act, any local improvement district bonds issued thereafter shall provide that the principal sum of such bonds and the interest thereon shall be payable out of the local improvement fund created for the payment of […]
Section 43-2537 – EFFECT OF DEED AS EVIDENCE.
43-2537. EFFECT OF DEED AS EVIDENCE. The matters recited in the delinquency certificate must be recited in the deed and such deed duly acknowledged or proved shall be prima facie evidence: (1) That the local improvement district was created, the assessment made and the work and improvement done in the manner provided by law; (2) […]
Section 43-2553 – EXCESS IN FUND — DISPOSITION.
43-2553. EXCESS IN FUND — DISPOSITION. When a local improvement guarantee fund duly created in any district exceeds in amount of moneys held therein by ten percent (10%) of the total outstanding obligations thereby guaranteed, then the board may, by resolution, authorize the treasurer or appropriate official of said district to return and pay such […]
Section 43-2538 – DELINQUENCY CERTIFICATE FOR SUBSEQUENT INSTALLMENTS.
43-2538. DELINQUENCY CERTIFICATE FOR SUBSEQUENT INSTALLMENTS. Whenever any delinquency certificate has been assigned, as hereinbefore provided, and the time for redemption has expired and there are outstanding, against the property covered by said certificate, any delinquent installments subsequent in time to the installment for which the property was sold, then the treasurer shall issue to […]
Section 43-2554 – RESERVE FUND AUTHORIZED.
43-2554. RESERVE FUND AUTHORIZED. For the purpose of securing the payment of the principal of and interest on an issue of local improvement bonds, notes, warrants or other short-term obligations, the board may create a reserve fund for each obligation in addition to or in lieu of a guarantee fund. The reserve fund shall be […]
Section 43-2539 – FEES OF TREASURER.
43-2539. FEES OF TREASURER. The treasurer shall receive the following fees, which, when paid, shall be credited to the general fund of the district: for issuing any delinquency certificate ten dollars ($10.00) to be included in the amount of the certificate; for making any deed ten dollars ($10.00), to be paid by the person to […]
Section 43-2540 – SUIT TO QUIET TITLE.
43-2540. SUIT TO QUIET TITLE. Whenever the necessary costs and attorney’s fees have been advanced by the holders of the bonds of the district or any prospective purchaser or other person, it shall be the duty of the board of such district to cause the attorney for the district to commence suit to quiet title […]
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 43-2526 – PUBLICATION AND CONCLUSIVENESS OF PROCEEDINGS.
43-2526. PUBLICATION AND CONCLUSIVENESS OF PROCEEDINGS. The board may provide for the publication of any resolution or other proceeding adopted by it pursuant to this code in the official newspaper of the district. For a period of thirty (30) days after such publication any person in interest shall have the right to contest the legality […]
Section 43-2527 – CONSOLIDATED LOCAL IMPROVEMENT DISTRICTS AUTHORIZED.
43-2527. CONSOLIDATED LOCAL IMPROVEMENT DISTRICTS AUTHORIZED. Solely for the purpose of issuing bonds, registered warrants or interim warrants, the board of any district may authorize the establishment of consolidated local improvement districts. The original local improvement districts so consolidated need not be contiguous. If the board orders the creation of such consolidated local improvement districts, […]