2006 Utah Code - 17A-2-544 — Bonds -- Lien on land and improvements.

     17A-2-544.   Bonds -- Lien on land and improvements.
     Whenever any such drainage district bonds are issued, or contract with the United States made, in accordance with the provisions of this part, such bonds or contract shall constitute a lien upon all of the lands and improvements thereon within the boundaries of the district, to the extent of the total benefits, assessed and equalized, and pledged for such purpose, and not in excess thereof, and the board of trustees of the district shall from time to time, as by this part provided, levy a sufficient tax to pay the annual interest charge on such bonds, and in addition thereto, such an amount as a sinking fund which shall, in the course of events and ultimately, amount to a sufficient sum to redeem the bonds, or in case of contract with the United States, shall levy a sufficient tax to meet all payments due, or to become due thereunder, and in addition thereto, a sufficient tax to pay the interest or penalties on any delinquent payment or payments, as provided in the contract or as required by the statutes of the United States.

Amended by Chapter 1, 2000 General Session
Amended by Chapter 254, 2000 General Session