48-1598. Issuance of certificate of release
upon payment of bonded indebtedness; exception
Upon full payment of the indebtedness upon any parcel or parcels of land as provided
by this chapter, the treasurer shall issue a certificate reciting the fact of such
payment and deliver the certificate to the person making the payment. The certificate
may be recorded in the office of the county recorder of the county in which the parcel or
parcels of land are located and from delivery thereof the certificate shall operate as a
release and discharge of the lands described therein from any further taxation to meet
payments of principal or interest upon district bonds then outstanding, except in the
event of default of the district in payment of the bonds at maturity, taxes may be levied
on such parcel or parcels of land to meet the deficiency. If property so released is
taxed to pay the deficiency it shall be entitled to all benefits accruing from the
purchase of lands sold at tax sales.
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