State Codes and Statutes

Statutes > Kentucky > 184-00 > 220

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184.220 Foreclosure of liens -- Redemption. In the event that a property owner fails or refuses to pay his assessment in cash within <br>thirty (30) days or to pay one-tenth (1/10) of his assessment in cash within thirty (30) days <br>and execute an agreement to pay the balance in nine (9) equal annual installments with <br>interest, as aforesaid, or in the event that a property owner fails or refuses to pay any <br>semiannual installment of interest or annual installment of principal due under such <br>agreement when the same becomes due, then the board of directors shall, after making <br>reasonable efforts to collect the same, direct its attorney to file a suit in equity to foreclose <br>the lien of the road district against such delinquent property owner. In all actions to <br>enforce liens, a copy of the resolution of the board of directors authorizing the work to be <br>done and assessing the lien against the property owners, attested by the secretary of said <br>board, shall be filed with the petition and shall constitute prima facie evidence of all facts <br>necessary to be established by the plaintiff in such an action to entitle it to relief. In such <br>actions, the court shall provide in its order confirming any report of sale that any <br>defendant or defendants or anyone claiming through him or them may, within two (2) <br>years from the date of the order confirming a report of sale, redeem the property sold by <br>paying to the purchaser the purchase price, with interest thereon from the day of sale at <br>the rate of ten percent (10%) per annum to the date of payment; in the event that there be <br>no redemption within the time allowed, the order of confirmation shall be final and a deed <br>shall be executed to the purchaser or his assignee. History: Created 1942 Ky. Acts ch. 65, sec. 22.

State Codes and Statutes

Statutes > Kentucky > 184-00 > 220

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184.220 Foreclosure of liens -- Redemption. In the event that a property owner fails or refuses to pay his assessment in cash within <br>thirty (30) days or to pay one-tenth (1/10) of his assessment in cash within thirty (30) days <br>and execute an agreement to pay the balance in nine (9) equal annual installments with <br>interest, as aforesaid, or in the event that a property owner fails or refuses to pay any <br>semiannual installment of interest or annual installment of principal due under such <br>agreement when the same becomes due, then the board of directors shall, after making <br>reasonable efforts to collect the same, direct its attorney to file a suit in equity to foreclose <br>the lien of the road district against such delinquent property owner. In all actions to <br>enforce liens, a copy of the resolution of the board of directors authorizing the work to be <br>done and assessing the lien against the property owners, attested by the secretary of said <br>board, shall be filed with the petition and shall constitute prima facie evidence of all facts <br>necessary to be established by the plaintiff in such an action to entitle it to relief. In such <br>actions, the court shall provide in its order confirming any report of sale that any <br>defendant or defendants or anyone claiming through him or them may, within two (2) <br>years from the date of the order confirming a report of sale, redeem the property sold by <br>paying to the purchaser the purchase price, with interest thereon from the day of sale at <br>the rate of ten percent (10%) per annum to the date of payment; in the event that there be <br>no redemption within the time allowed, the order of confirmation shall be final and a deed <br>shall be executed to the purchaser or his assignee. History: Created 1942 Ky. Acts ch. 65, sec. 22.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 184-00 > 220

Download pdf
Loading PDF...


184.220 Foreclosure of liens -- Redemption. In the event that a property owner fails or refuses to pay his assessment in cash within <br>thirty (30) days or to pay one-tenth (1/10) of his assessment in cash within thirty (30) days <br>and execute an agreement to pay the balance in nine (9) equal annual installments with <br>interest, as aforesaid, or in the event that a property owner fails or refuses to pay any <br>semiannual installment of interest or annual installment of principal due under such <br>agreement when the same becomes due, then the board of directors shall, after making <br>reasonable efforts to collect the same, direct its attorney to file a suit in equity to foreclose <br>the lien of the road district against such delinquent property owner. In all actions to <br>enforce liens, a copy of the resolution of the board of directors authorizing the work to be <br>done and assessing the lien against the property owners, attested by the secretary of said <br>board, shall be filed with the petition and shall constitute prima facie evidence of all facts <br>necessary to be established by the plaintiff in such an action to entitle it to relief. In such <br>actions, the court shall provide in its order confirming any report of sale that any <br>defendant or defendants or anyone claiming through him or them may, within two (2) <br>years from the date of the order confirming a report of sale, redeem the property sold by <br>paying to the purchaser the purchase price, with interest thereon from the day of sale at <br>the rate of ten percent (10%) per annum to the date of payment; in the event that there be <br>no redemption within the time allowed, the order of confirmation shall be final and a deed <br>shall be executed to the purchaser or his assignee. History: Created 1942 Ky. Acts ch. 65, sec. 22.