2005 Idaho Code - 50-1743 — REDEMPTION

                                  TITLE  50
                            MUNICIPAL CORPORATIONS
                                  CHAPTER 17
                          LOCAL IMPROVEMENT DISTRICT
                            CODE -- GUARANTEE FUND
    50-1743.  REDEMPTION. At any time within two (2) years from the date of
any delinquency certificate, the owner of the property described therein, or
any one on his behalf, may redeem such property by paying to the treasurer the
amount stated in such certificate together with interest thereon at the date
[rate] of ten per cent (10%) per annum, from date thereof to the last day of
the month in which such redemption is made. Thereupon the treasurer shall
issue to the redemptioner a certificate of redemption which shall state the
name of the redemptioner, the date of redemption, the number of the
certificate so redeemed, the description of the property contained therein,
and the name of the district for which said certificate was issued. In case
said certificate has not been assigned, the treasurer shall note such upon the
original and duplicate delinquency certificate; if assigned upon the duplicate
certificate the fact that the same has been redeemed, the date of redemption
and shall note the same upon the "Local Improvement Delinquency Certificate
Register" and the "Local Improvement Instalment Docket"; provided, that no
redemption of any such certificate shall be allowed unless all assessments
which have become due subsequent to the one for which said delinquency
certificate shall have been issued with penalties, and interest at the rate of
ten per cent (10%) per annum from date of said delinquency to the end of the
month in which the same is redeemed, shall be paid, which fact together with
the amount paid shall be stated upon the redemption certificate. The money
received from the redemption of any property described in a certificate which
has been assigned shall be deposited by the treasurer to the credit of the
person named in the last assignment of such certificate. The treasurer shall
thereupon give notice to such person at the address shown by the record of
such deposit, and such person shall thereafter be paid the same by the
treasurer upon surrender of such certificate to the treasurer who shall mark
the same "Paid" and hold it as a voucher.