COMPILED CODE - Iowa Legislature - State of Iowa

334
§ 4875. LEVEES, DRAINS AND WATERCOURSES. Tit. XV, Ch. 2.
16 the supervision of the engineer in charge of the improvement and the
17 contractor shall be liable for the cost thereof to be collected by the
18 county in any court having jurisdiction. Electric lines as defined in
19 this section shall not be construed to include electric railways.
[39 G. A., ch. 205, § 1.]
SEC. 4875. Drainage bonds—benefits to highways included.
1 If the board of supervisors, when the drainage district has been
2 established, or on making any subsequent repair or improvement of
3 the same, shall determine that the estimated cost of reclamation and
4 improvement of such district of land is greater than should be levied
5 in a single year upon the lands benefited, instead of issuing improve-
6 ment certificates as provided in section forty-eight hundred seventy-
7 four of the compiled code, it may fix the amount that shall be levied
8 and collected each year and may issue drainage bonds of the county,
9 bearing not more than six per centum annual interest and payable
10 semiannually in the proportions and at the times when such taxes
11 shall have been collected, and may devote the same at par, with ac-
12 crued interest, to the payment of the work as it progresses or may sell
13 the same at not less than par, with accrued interest, and devote the
14 proceeds to such payment ; and if in the sale of said bonds a premium
15 is received, such premium shall be credited to the drainage fund, and
16 should the cost of such work exceed the estimate, or should the pro-
17 ceeds of the tax when collected be insufficient to pay the principal and
18 interest of bonds sold, a new apportionment of the tax may be made
19 and other bonds issued and sold in like manner, to meet such excess
20 of cost or shortage in the proceeds of tax, but in no case shall the bonds
21 run longer than not more than twenty years.. The bonds issued under
22 the provisions of this section, or the proceeds thereof, shall be avail-
23 able for the use of the district at a date not later than ninety days
24 after the actual commencement of the work, as provided in section
25 forty-eight hundred forty-three of this supplement. Provided, how-
26 ever, that no assessments of twenty dollars or less on a single lot or
27 tract shall be included in such bond issue and such sums shall be col-
28 lected as provided in section forty-eight hundred seventy-four of the
29 compiled code, at the next succeeding March semiannual payment of
30 ordinary taxes ; provided, however, that nothing herein shall prevent
31 owners of such lots or tracts to take advantage of the provisions of
32 section forty-eight hundred fifty-one of this supplement providing for
33 payment in three installments. Any property owner may pay the full
34 amount of the benefit assessed against his property before such bonds
35 are issued and receive a receipt in full therefor. Such payment shall
36 be made to the county treasurer, and it shall be the duty of the county
37 auditor to certify to the treasurer the amount of any such assessment
38 when requested to do so, and the treasurer shall enter the same upon
39 the tax lists in his hands in a separate place provided therefor, and
40 shall furnish the auditor with duplicate receipts given for all assess-
41 ments so paid in full. The terms and times of payment of the bonds
42 so issued shall be fixed by the board. Said bonds shall be issued for
43 the benefit of the district numbered thereon and each district shall be
44 numbered by the board of supervisors and recorded by the auditor,
45 said record showing specifically the lands embraced in said district
46 and upon which the tax has not been previously paid in full. In no
47 case shall the amount of bonds exceed the benefits assessed. Each