§ 156-112 – Duty of treasurer to make payment; penalty.
156-112. Duty of treasurer to make payment; penalty. It shall be the duty of the treasurer, and without any previous order from the board of drainage commissioners, to provide and pay the installments of interest at the time and place as evidenced by the coupons attached to the bonds, and also to pay the annual […]
§ 156-100 – Sale of bonds.
156-100. Sale of bonds. In making the sale of drainage bonds the board of drainage commissioners shall prepare a notice of such sale containing the usual and appropriate information regarding the terms and provisions of the bonds, and shall publish the same for at least a period of two weeks in at least one paper […]
§ 156-113 – Fees for collection and disbursement.
156-113. Fees for collection and disbursement. The fee allowed the sheriff or tax collector for collecting the drainage tax as hereinbefore prescribed shall be two percent (2%) of the amount collected, and the fee allowed the treasurer for disbursing the revenue obtained from the sale of drainage bonds shall be one percent (1%) of the […]
§ 156-100.1 – Sale of assessment anticipation notes.
156-100.1. Sale of assessment anticipation notes. Should assessment anticipation notes be issued by a drainage district under the provisions of G.S. 156-97.1, the board of drainage commissioners may accept any private bid for said assessment anticipation notes at not less than their par value, with accrued interest thereon without the necessity of advertising the sale […]
§ 156-114 – Conveyance of land; change in assessment roll; procedure.
156-114. Conveyance of land; change in assessment roll; procedure. (a) Status of Land Fixed. – The boundaries of lands as surveyed and mapped, the ownership thereof, and the classification and assessment thereof as appears in the final report and map and upon the assessment roll, shall be and remain as of the time when the […]
§ 156-100.2 – Payment of assessments which become liens after original bond issue.
156-100.2. Payment of assessments which become liens after original bond issue. Payment of assessments not included in the original bond or note issue shall be financed in the following manner: (1) In the event of appeal from the order of the clerk of superior court approving the final report of the board of viewers, the […]
§ 156-115 – Warranty in deed runs to purchaser who pays assessment.
156-115. Warranty in deed runs to purchaser who pays assessment. Where the land assessed by drainage commissioners under the provisions of this Article has been purchased since the making of the assessment by a purchaser for value without notice under a deed of general warranty, and said purchaser pays to the sheriff the amount of […]
§ 156-100.3 – Sinking fund.
156-100.3. Sinking fund. The commissioners of the drainage district may establish a sinking fund to be used to pay bonds and notes issued by the district. The terms and conditions by which the said sinking fund is established shall be approved by the clerk of the superior court who has jurisdiction of said district. (1963, […]
§ 156-101 – Refunding bonds issued.
156-101. Refunding bonds issued. In any case where the board of drainage commissioners of any drainage district have issued or may issue bonds for the purpose of constructing or completing the drainage works in such district, the payment of which at maturity would in the judgment of the board of drainage commissioners be an unreasonable […]
§ 156-102 – Drainage bonds received as deposits.
156-102. Drainage bonds received as deposits. The State Treasurer is authorized to receive drainage bonds issued by drainage districts in North Carolina as deposits from banks, insurance companies, and other corporations required by law to make deposits with the State Treasurer: Provided, that the Attorney General shall have approved the form of such bonds. (1917, […]