48-2445. Lien of bonds; payment of
bonds
A. All bonds issued under the provisions of this chapter shall be a lien upon the
real property included in the district, and such bonds and the interest thereon shall be
payable from the levy of taxes upon the real property included in the district. All the
real property in the district shall be and remain liable to taxation for such payments,
but whenever any such bonds are additionally secured by a pledge of the income, revenue
and receipts of the district as provided in this chapter, the board shall abate the levy
of any tax herein required for the current year in which the income, revenue and receipts
to be received by the district, or on hand for that purpose, will be sufficient to make
the principal and interest payments due upon such bonds.
B. This section shall not be construed as creating, or intended to create, any lien
on or to authorize any tax against any state, school or university lands included within
a district.
|