43-609 — LIEN OF TAXES


                                  TITLE  43
                             IRRIGATION DISTRICTS
                                  CHAPTER 6
                               REFUNDING BONDS
    43-609.  LIEN OF TAXES. All taxes for interest on and for the redemption
of such refunding bonds shall be a lien on the taxable property of the
district prior to all other liens, except the lien of general, state, county
and school district taxes. Taxes levied for the payment of interest shall be
payable in cash only, or by means of interest coupons detached from the
refunding bonds issued under the provisions of this chapter, and maturing
during the year in which such taxes are by law made payable; taxes levied for
the payment of principal indebtedness shall be payable in cash only, or by
means of refunding bonds issued under the provisions of this chapter, and
maturing during the year in which such taxes are by law made payable. All
taxes for interest shall be kept by the treasurer of the district as a special
fund, to be used in payment of interest only; and all taxes for the redemption
of such refunding bonds shall be kept by such district treasurer as a special
fund, to be used for the redemption only of the principal of such refunding
bonds.