156-100.3. Sinking fund.
The commissioners of the drainage district may establish a sinking fund to be used to pay bonds and notes issued by the district. The terms and conditions by which the said sinking fund is established shall be approved by the clerk of the superior court who has jurisdiction of said district. (1963, c. 767, s. 10.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 8 - Assessments and Bond Issue.
§ 156-94 - Total cost for three years ascertained.
§ 156-95 - Assessment and payment; notice of bond issue.
§ 156-96 - Failure to pay deemed consent to bond issue.
§ 156-97.1 - Issuance of assessment anticipation notes.
§ 156-98 - Form of bonds and notes; excess assessment.
§ 156-99 - Application of funds; holder's remedy.
§ 156-100.1 - Sale of assessment anticipation notes.
§ 156-100.2 - Payment of assessments which become liens after original bond issue.
§ 156-101 - Refunding bonds issued.
§ 156-102 - Drainage bonds received as deposits.
§ 156-103 - Assessment rolls prepared.
§ 156-105 - Assessment lien; collection; sale of land.
§ 156-106 - Assessment not collectible out of other property of delinquent.
§ 156-107 - Sheriff in good faith selling property for assessment not liable for irregularity.
§ 156-108 - Receipt books prepared.
§ 156-109 - Receipt books where lands in two or more counties.
§ 156-110 - Authority to collect arrears.
§ 156-111 - Sheriff to make monthly settlements; penalty.
§ 156-112 - Duty of treasurer to make payment; penalty.
§ 156-113 - Fees for collection and disbursement.
§ 156-114 - Conveyance of land; change in assessment roll; procedure.
§ 156-115 - Warranty in deed runs to purchaser who pays assessment.
§ 156-116 - Modification of assessments.
§ 156-117 - Subdistricts formed.
§ 156-121 - Redress to dissatisfied landowners.
§ 156-122 - Increase to extinguish debt.