Iowa § 468.367 Funding bonds

Iowa Statutes

§ 468.367 — Funding bonds

Iowa § 468.367

Title XINATURAL RESOURCES

Ch. 468LEVEE AND DRAINAGE DISTRICTS AND IMPROVEMENTS

This text of Iowa § 468.367 (Funding bonds) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 468.367 (2026).

Text

When the owners of ten percent of the land in a drainage or levee district having and
operating a pumping station shall petition the board of supervisors to extend the time
of payment of the taxes assessed against the lands within said district for a period not
exceeding twenty years, under such rules and regulations as said board may direct, the
interest on such assessments to be paid annually the same as other taxes levied against the
property, not less than one-twentieth of the principal of said extended tax to be paid each
year until the entire tax is paid, and the lien of such tax to continue until fully paid, the board
of supervisors may settle, adjust, renew, or extend the legal indebtedness of such district as
shown by the assessments levied against the lands therein whether eviden

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When the owners of ten percent of the land in a drainage or levee district having and
operating a pumping station shall petition the board of supervisors to extend the time
of payment of the taxes assessed against the lands within said district for a period not
exceeding twenty years, under such rules and regulations as said board may direct, the
interest on such assessments to be paid annually the same as other taxes levied against the
property, not less than one-twentieth of the principal of said extended tax to be paid each
year until the entire tax is paid, and the lien of such tax to continue until fully paid, the board
of supervisors may settle, adjust, renew, or extend the legal indebtedness of such district as
shown by the assessments levied against the lands therein whether evidenced by certificates,
warrants, bonds, or judgments by refunding all such indebtedness and issuing coupon bonds
therefor when such indebtedness amounts to one thousand dollars or upwards, but for no
other purpose.