539.450 - Securities: Execution by district officers; lien upon issuance of bonds.
539.450 Securities: Execution by district officers; lien upon issuance of bonds.
1. The securities, whether bonds, notes or certificates of indebtedness, when issued, shall be executed by the officers of the district in the manner prescribed in this chapter for the execution of bonds.
2. Bonds shall be issued in the name of the improvement district and when issued shall be a lien upon the land included therein.
[Part 49 1/2:64:1919; added 1923, 289; A 1929, 286; NCL § 8066]