§ 468.163 — Funds

Iowa § 468.163

• Jurisdiction: Iowa
• Title XI: NATURAL RESOURCES
• Ch. 468: LEVEE AND DRAINAGE DISTRICTS AND IMPROVEMENTS

Text

Payment to the county treasurer for such certificate shall be from the fund of said drainage
or levee district, or subdistrict, on a warrant issued against that fund which shall have
precedence over all other outstanding warrants drawn against that fund in the order of their
payment. Should there not be a sufficient amount in the fund of said district, or subdistrict,
to pay said warrant then the board of supervisors, or the trustees of the district, as the case
may be, are authorized to borrow a sum of money sufficient for that purpose on a warrant
for that amount on the fund of the district, or subdistrict, which warrant shall bear interest
from date at a rate not exceeding that permitted by chapter 74A and shall have preference
in payment over all other unpaid warrants on said fund, and the county treasurer shall so
enter the same on the list of warrants in the treasurer’s office and call the same for payment
as soon as there is sufficient money in said fund.

Legislative History

[C31, 35, §7590-c4; C39, §7590.4; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §455.175]