(a) Any levee or drainage improvement district in this state having acquired title to any lands within that district by virtue of foreclosure of benefit assessments thereon may sell the lands at prices fixed by the commissioners of the district and may receive in payment of the purchase price for the land the bonds and interest coupons of the district, at face value, to the amount of the purchase price.
(b) Any person redeeming or purchasing lands from the districts, at the time of making payment for those lands in bonds or interest coupons of the district, shall pay to the district in cash an amount necessary to defray all costs and expenses of foreclosure which the district shall have incurred as to the redeemed or purchased tract of land.
Section: Previous 14-120-102 14-120-103 14-120-104 14-120-105 14-120-106 14-120-107 14-120-108 14-120-109 14-120-110 14-120-111 14-120-112 14-120-113 NextLast modified: November 15, 2016