§ 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, […]
§ 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 […]