48-3093. Bonds deposited with United States;
collection of monies
Bonds deposited with or transferred to the United States may call for the payment of
such interest not exceeding seven per cent per annum, may be of such denominations and
call for the repayment of the principal at such times as may be agreed upon between the
board and the secretary of the interior. The contract with the United States may
likewise call for the payment of the amount or amounts to be paid by the district to the
United States or any part thereof at such times and in such installments and with such
interest charges not exceeding seven per cent per annum as may be agreed upon, and for
assessment and levy therefor as provided in this article. The board on behalf of the
district may accept appointment of the district as fiscal agent of the United States, or
authorization of the district by the United States to make collection of monies for or on
behalf of the United States in connection with any federal reclamation project, whereupon
the district may so act and assume the duties and liabilities incident to such action,
and the board may do any and all things required by the rules and regulations established
by any department of the United States relating thereto.
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