156-112. Duty of treasurer to make payment; penalty.
It shall be the duty of the treasurer, and without any previous order from the board of drainage commissioners, to provide and pay the installments of interest at the time and place as evidenced by the coupons attached to the bonds, and also to pay the annual installments of the principal due on the bonds at the time and place as evidenced by the bonds. The treasurer shall be guilty of a Class 1 misdemeanor if he shall willfully fail to make prompt payments of the interest and principal of the bonds, and he shall likewise be liable in a civil action for all damages which may accrue either to the board of drainage commissioners or to the holder of such bonds, to either or both of whom a right of action is hereby given. (1911, c. 67, s. 12; C.S., s. 5368; 1963, c. 767, s. 4; 1993, c. 539, s. 1077; 1994, Ex. Sess., c. 24, s. 14(c).)
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.