10-115. Payment of special assessments.
10-115
10-115. Payment of special assessments.
Where bonds have been or are to be issued by any municipality, which
bonds are payable from special assessments to be levied by such
municipality, the owner of any lot or piece of land liable to any such
special assessment may redeem his or her property from such liability by
paying the entire amount chargeable against such property at any time
before the issuance of the bonds, or after the issuance of the bonds by
paying all of the installments of the assessments which have been levied,
and also the amount of the unlevied installments, with interest on the
latter at the rate of interest provided in said bonds from the date of the
bonds to the time of maturity of the last installment.
In all cases where installments of special assessments not yet levied
are paid, as above provided, whether before or after the issuance of the
bonds, to the treasurer of the municipality issuing such bonds, the
treasurer shall receipt therefor, and all sums so paid shall be applied
solely to the payment of such improvements or the redemption of the bonds
issued therefor. Where any piece of property has been redeemed from
liability for the cost of any improvement, as herein provided, such
property shall not thereafter be liable to further special assessment for
the cost of such improvement.
History: R.S. 1923, § 10-115; Dec. 27.