Assessment as lien against property; bond lien as preferred lien.

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1. An assessment is a lien against the property assessed from and after the time such assessment is made.

2. The lien of the bonds of any series shall be a preferred lien to that of any subsequent series, and such lien is not removed until the assessments are paid or the property sold for the payment thereof.

[28:64:1919; A 1921, 118; NCL § 8040]


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