48-3165. Conversion of district taxes into
mortgage liens; priority
The board of directors may in the manner provided by this article for the conversion
of district assessments, similarly convert into mortgage liens or contracts district
taxes then levied and assessed, except taxes levied and assessed for payment of principal
or interest on existing district bonds satisfaction of which is not then otherwise
provided for, and may subordinate the liens so converted to any previous assessment lien
converted into a realty mortgage lien or to a refunding bond issue. A district tax so
converted may be fixed and established by the board as a lien prior and superior to any
other lien or encumbrance then existing against the lands of the district except the
preferred, prior and converted first mortgage liens, unsatisfied bond tax levies not then
otherwise provided for, and state, county and district taxes thereafter assessed against
such district lands.
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