48-3160. Conversion of defaulted assessment
into first mortgage lien
When a district is, for one year or more, in default in the payment of legally
existing district obligations amounting to five dollars per acre or over, and an
assessment has been authorized by vote of the qualified electors of the district as
provided by section 48-3153, and levied by the district for the purpose of discharging
the default or for the purpose of paying or refunding district indebtedness, or both, the
assessment may be converted into negotiable first mortgage liens upon the lands located
within the district and liable for such district taxes or assessments.
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