468.574 - JURISDICTION OF COURT.
468.574 JURISDICTION OF COURT. The district court shall have jurisdiction and power to adjudicate all the rights and issues between the drainage district, and the landowners, bondholders, lienholders, encumbrancers, claimants and creditors of the drainage district, and in determining the rights of the parties, shall take into consideration, the maturity of the bonds, the interest rate of the bonds, the present schedule and classification of assessments on the real estate, the ratio between the amount in default, and the amount of unpaid assessments in the drainage district, the gross amount needed to retire the bonds now outstanding and in default, the current retirement schedule on other indebtedness of the drainage district, the general tax structure of the drainage district, the unpaid taxes in the drainage district, the default by the drainage district in the payment of its bonded indebtedness, and the current financial condition of the taxpayers.
Section History: Early Form [C35, § 7714-f6; C39, § 7714.33; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 464.5]
Section History: Recent Form 89 Acts, ch 126, § 2 CS89, § 468.574