§ 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, […]
§ 156-103 – Assessment rolls prepared.
156-103. Assessment rolls prepared. The board of drainage commissioners shall immediately prepare the assessment rolls or drainage tax lists, giving thereon the names of the owners of land in the district and a brief description of the several tracts of land assessed and the amount of assessment against each tract of land. The first of […]
§ 156-104 – Application of amendatory provisions of certain sections; amendment or reformation of proceedings.
156-104. Application of amendatory provisions of certain sections; amendment or reformation of proceedings. All the provisions of Chapter 217 of the Public Laws of 1923 amendatory of G.S. 156-71, 156-75, 156-83, 156-94, 156-97, 156-98, 156-99 and 156-103 shall apply to all drainage districts which shall hereafter be organized, and also to all districts where proceedings […]
§ 156-105 – Assessment lien; collection; sale of land.
156-105. Assessment lien; collection; sale of land. The assessments shall constitute a first and paramount lien, second only to State and county taxes, upon the lands assessed for the payment of the bonds and interest thereon as they become due, and shall be collected in the same manner and by the same officers as the […]
§ 156-106 – Assessment not collectible out of other property of delinquent.
156-106. Assessment not collectible out of other property of delinquent. Only the land assessed in the drainage proceeding shall be liable for the drainage tax or assessment, and no other property of the landowner shall or may be sold for said drainage tax or assessment: Provided, that this section shall not apply to any drainage […]
§ 156-107 – Sheriff in good faith selling property for assessment not liable for irregularity.
156-107. Sheriff in good faith selling property for assessment not liable for irregularity. The sheriff who executes upon property for the collection of drainage assessments under the provisions of this Article shall not be liable either civilly or criminally if he shall sell such property in good faith, even though such sale is irregular or […]
§ 156-108 – Receipt books prepared.
156-108. Receipt books prepared. The clerk of the superior court in each county where one or more drainage districts have been established shall be required to have prepared annually during the month of August a form of receipt, with appropriate stubs attached and properly bound, for the drainage assessments due on each tract of land […]
§ 156-109 – Receipt books where lands in two or more counties.
156-109. Receipt books where lands in two or more counties. Where any drainage district which has been established contains lands located in a county or counties other than the county in which the district was established, the clerk of the superior court of the county in which the district was established shall have prepared annually […]