§ 41-3-775 — Considerations affecting annual levies and assessments; deficiencies; additional assessments

The board in making the annual assessments and levies as herein
provided, shall take into account the maturing indebtedness for
the ensuing year as provided in its contracts and/or the
maturing of bonds and interest on all bonds, and deficiencies
and defaults of prior years, and shall make ample provision for
the payment thereof. In case the proceeds of such levies and
assessments made under the provisions of this act, together with
other revenues of the district, are not sufficient to punctually
pay the annual installments on its contracts and/or bonds, and
interest thereon and to pay defaults and deficiencies, then the
board shall make such additional levies of taxes and/or
assessments as may be necessary for such purposes and
notwithstanding any limitations by contract, order, tax lien, or
otherwise, such taxes and assessments shall be made to continue
until the indebtedness of the district shall be fully paid;
provided, however, that the amount of such additional levies of
taxes under class A as provided in W.S. 41-3-770, shall not in
any one (1) year exceed an amount that would be raised by a levy
of one-half (1/2) mill against the assessed value of such
property as fixed for general tax purposes; provided, that such
levies for defaults and deficiencies shall not at any time be so
made as to impose upon class A as herein provided, payments in
excess of twenty-five percent (25%) of the anticipated revenue
from all sources to be raised for the specific purpose of
payment of existing defaults and deficiencies; and provided
further, that in making such additional levies and/or
assessments, the board shall take into account all sources of
revenue and equitably distribute the burden of such defaults and
deficiencies according to the uses and benefits as provided in
this act.