24-649. Same; how funds secured by trustees; tax levy.
24-649
24-649. Same; how funds secured by trustees; tax levy.In order to provide ready money with which to pay the expenses andindebtedness incurred by them, the board of trustees are authorized toborrow money, not in excess of twenty-five cents for each acre within thedistrict and thereby bind such district to repay the same. To provide fundsto repay the money borrowed, if any be borrowed, and to pay all otherindebtedness incurred by the board of trustees in concluding the affairs ofsuch drainage district, the land within such district, without regard toits value or the improvements thereon, shall be taxed in the followingmanner:
The board of trustees on or before August 1 of any year may certify tothe board of county commissioners of any county in which said drainagedistrict or any part thereof is situated, the amount of money such board oftrustees deem it advisable to raise by taxing such land that year, togetherwith a description of all the real estate in such county and within suchdrainage district, and such board of county commissioners shall levyequally upon each acre of land within such drainage district, a taxsufficient to raise the amount so certified. Such tax shall be levied andcollected as other taxes and if not paid the land thus taxed may be sold asupon failure to pay other taxes. As such tax is collected, it shall be paidby the county treasurer to the treasurer of such board of trustees. Theboard of trustees may require their treasurer to give such bond as theydeem necessary to secure the safety of such funds. The board may pay outsuch funds upon allowance by the board, upon the order of the treasurercountersigned by the chairman of the board.
History: L. 1929, ch. 175, § 3; May 28.