48-1598. Issuance of certificate of release upon payment of bonded indebtedness; exception
Upon full payment of the indebtedness upon any parcel or parcels of land as provided by this chapter, the treasurer shall issue a certificate reciting the fact of such payment and deliver the certificate to the person making the payment. The certificate may be recorded in the office of the county recorder of the county in which the parcel or parcels of land are located and from delivery thereof the certificate shall operate as a release and discharge of the lands described therein from any further taxation to meet payments of principal or interest upon district bonds then outstanding, except in the event of default of the district in payment of the bonds at maturity, taxes may be levied on such parcel or parcels of land to meet the deficiency. If property so released is taxed to pay the deficiency it shall be entitled to all benefits accruing from the purchase of lands sold at tax sales.
Section: Previous 48-1591 48-1592 48-1593 48-1594 48-1595 48-1596 48-1597 48-1598 48-1599 48-1600 48-1601 48-1602 48-1603 48-1604 48-1611 NextLast modified: October 13, 2016