In order to provide ready money with which to pay the expenses and indebtedness incurred
by them, the board of trustees are authorized to borrow money, not in excess of twenty-five
cents for each acre within the district and thereby bind such district to repay the
same. To provide funds to repay the money borrowed, if any be borrowed, and to pay all other
indebtedness incurred by the board of trustees in concluding the affairs of such drainage
district, the land within such district, without regard to its value or the improvements
thereon, shall be taxed in the following manner:
The board of trustees on or before August 1 of any year may certify to the board of
county commissioners of any county in which said drainage district or any part thereof
is situated, the amount of money such board of trustees deem it advisable to raise
by taxing such land that year, together with a description of all the real estate
in such county and within such drainage district, and such board of county commissioners
shall levy equally upon each acre of land within such drainage district, a tax sufficient
to raise the amount so certified. Such tax shall be levied and collected as other taxes and if not paid the land thus
taxed may be sold as upon failure to pay other taxes. As such tax is collected, it shall be paid by the county treasurer to the treasurer
of such board of trustees. The board of trustees may require their treasurer to give such bond as they deem necessary
to secure the safety of such funds. The board may pay out such funds upon allowance by the board, upon the order of the
treasurer countersigned by the chairman of the board.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.