§ 31-21-401. Power to Levy – Manner Paid

On the petition of a majority of the registered electors of any city or town having an outstanding bonded indebtedness amounting to one-fourth or more of its valuation for assessment, the governing body of such city or town is authorized to levy or cause to be levied at one time a tax on all the […]

§ 31-21-402. Discharge of Lien by Property Owner

Any property owner may discharge the lien of said bond tax on his property by paying the tax in full, in bonds or matured coupons of the issue for which the levy is made at their face value. Thereafter the same property shall not be liable for the payment of such tax as between the […]

§ 31-21-403. Payment in Installments

Any property owner not paying the tax in full at one time has the privilege of paying the same in cash installments, the number of which installments shall be determined by the governing body and which shall equal the number of years from the time the next tax is payable to the last maturity of […]

§ 31-21-404. Payment in Bonds – Warrant for Excess

The tax-collecting officers are authorized to accept full payment of such taxes in said bonds or coupons and to cancel said bonds and coupons on such payment. Said tax-collecting officers are authorized to deliver to the person paying such tax a certificate, in duplicate, showing such payment and a description of the property on which […]

§ 31-21-405. Assessment and Collection

Said taxes shall be certified, levied, assessed, and collected in the same manner and shall be subject to the same penalties as general taxes. Source: L. 75: Entire title R&RE, p. 1143, § 1, effective July 1. Editor’s note: This section is similar to former § 31-21-405 as it existed prior to 1975.

§ 31-21-406. Suit by Bondholder – City or Town to Protect

In the event that any action, suit, or proceeding is brought by any bondholder, creditor, or other person, wherein it is sought to compel the levy of any further bond tax on property which has been discharged from said tax by payment in full, the city or town shall take all necessary steps to protect […]

§ 31-21-407. Other Laws Unaffected

Nothing in this part 4 shall prevent the issuance of any bonds or the levy of taxes for the payment thereof in the manner as is authorized by law nor shall anything in this part 4 prevent the issuance of bonds for the purpose of refunding any outstanding bonded indebtedness of any city or town […]