156-122. Increase to extinguish debt.
If in the opinion of the board of drainage commissioners it would help the sale of the maintenance or improvement bonds, or they would deem it necessary under the provision of G.S. 156-101, they may, with the approval of the clerk of the superior court, add to the amount estimated by the board of viewers a sufficient amount to pay off all outstanding obligations of the district, leaving this their only bond issue. (1923, c. 231, s. 5; C.S., s. 5373(e).)
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.