§ 41-9-402 — Assessments for bond principal and interest; levy and collection

The commissioners of said drainage district, the holders of any
bond or bonds of the said district and the authorities of any
such town, city or village shall also enter into an agreement
whereby all assessments for bond principal and interest shall be
collected by such town, city or village in the same manner as is
now provided by law for the collection of sewerage taxes. Upon
such agreement being reached, the commissioners and bondholders
of such drainage district shall furnish to said town, city or
village a roll showing the lots, tracts or parcels of land
within said town, city or village assessed for drainage, the
assessment for benefits thereon and the assessment for
construction thereon. Said town, city or village shall thereupon
proceed to levy and collect such amounts as may be necessary for
the payment of said assessment for construction in the same
manner as is now provided by law for the levy and collection of
sewerage assessments, and shall remit payments to the
bondholders entitled to receive such payments upon such drainage
bonds semi-annually upon the first day of January and the first
day of July of each year.