Payment of bonds and interest from revenue derived from annual assessments.

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Bonds and the interest thereon shall be paid by revenue derived from the annual assessments upon the lands of the district; and all of the land of the district shall be and remain liable to be assessed for the payment of the principal and interest of any outstanding bonds of the district until the same shall have been fully paid.

[22:64:1919; A 1929, 286; NCL § 8033]


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