2013 Kentucky Revised Statutes CHAPTER 267 - DRAINAGE AND RECLAMATION ACT OF 1912 267.320 Bonds authorized when average assessment exceeds twenty-five cents ($0.25) per acre -- Failure to pay assessment is consent to bonds.
Download as PDF
267.320 Bonds authorized when average assessment exceeds twenty-five
cents ($0.25) per acre -- Failure to pay assessment is consent to bonds.
(1)
(2)
If the total assessment exceeds the average of twenty-five cents ($0.25) per
acre on all the land assessed, the board may give notice by publication
pursuant to KRS Chapter 424, and by posting a notice at the door of the
courthouse in each county in which land assessed is located, and at five (5)
conspicuous places in the district, that it proposes to issue bonds for the
construction of the improvement, giving the amount of bonds to be issued, the
rate of interest they are to bear and the time when payable. Any landowner
having land assessed in the district and not wanting to pay interest on the
bonds may, within thirty (30) days after the publication of the notice, pay the
county treasurer the full amount of his assessment and have his land released.
If the landowner produces a treasurer's receipt showing such payment, the
county clerk or the secretary of the board shall indorse the release upon the
assessment roll, and report to the board all releases made by him. This report
shall be recorded on the record or minutes of the board. When the board is
satisfied that any assessment has been paid it may order a release made.
Each person owning land assessed in the district who fails to pay the full
amount of his assessment within thirty (30) days after publication of the notice
shall be deemed to consent to the issuing of bonds, and in consideration of the
right to pay his assessment in installments he thereby waives his right to any
defense against the collection of the assessment because of any irregularity,
illegality or defect in the proceeding prior to that time, except in the case of an
appeal, which is not affected by this waiver.
Effective:June 16, 1966
History: Amended 1966 Ky. Acts ch. 239, sec. 186, effective June 16, 1966. -Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2380-32, 2380-33.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.