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§ 48-2751 – Bond election; results

48-2751. Bond election; results A. For the purpose of constructing the necessary conduits, drains, sluices, water-gates, pumps, pumping plants, embankments and any and all other works and appliances necessary for the drainage of the lands of the district, acquiring the necessary property and rights therefor and otherwise carrying out this chapter, the board of directors […]

§ 48-2752 – Action to determine validity of bonds; appeal

48-2752. Action to determine validity of bonds; appeal A. The board of directors shall, within thirty days after entry of the order directing the issuance of any bonds, commence an action in the superior court of the county in which the office of the board is located, to determine the validity of the bonds. B. […]

§ 48-2754 – Extent of hearing; consolidation of actions

48-2754. Extent of hearing; consolidation of actions A. At the hearing of the proceedings taken under section 48-2752 or 48-2753 the court shall hear and determine the sufficiency of all proceedings. B. If more than one action is pending at the same time concerning similar contests they shall be consolidated and tried together.

§ 48-2755 – Rules of procedure applicable in contests

48-2755. Rules of procedure applicable in contests A. The court hearing a contest as provided by this article, in inquiring into the regularity, legality or correctness of the proceedings, shall disregard any error, irregularity or omission which does not affect the substantial rights of the parties to the action. The rules of pleading and practice […]

§ 48-2756 – Terms of bonds; form; interest rate; record of sales

48-2756. Terms of bonds; form; interest rate; record of sales A. All bonds issued under this chapter shall be payable in legal currency of the United States, and except for the bonds provided for in articles 8 and 11 of this chapter, shall be in ten series as follows: 1. On January 1, after the […]

§ 48-2757 – Sale of bonds; notice

48-2757. Sale of bonds; notice A. The board of directors may sell the bonds from time to time in such quantities as may be necessary and most advantageous to raise money for the purposes specified in section 48-2751, and otherwise to carry out the objects and purposes of this chapter. Before making any sale the […]

§ 48-2758 – Lien of bonds; payment of bonds

48-2758. Lien of bonds; payment of bonds A. All bonds issued under the provisions of this article and article 8 of this chapter shall be a lien upon the real property included in the district, and the lien of the bonds of any issue shall be a preferred lien to that of any subsequent issue. […]