539.313 - Annual levy or imposition of tolls or charges to meet payments.
539.313 Annual levy or imposition of tolls or charges to meet payments. The board of directors annually shall levy an assessment or impose and cause to be collected tolls or charges sufficient to raise the money necessary to meet all payments when due as provided in the contract.
[Part 59:64:1919; A 1927, 309; NCL § 8077]