NRS539.470. Apportionment of benefits; levy of annual assessments for interest and redemption of bonds.

      1.  The apportionment of benefits made in connection with the issuance of the bonds, notes or certificates of indebtedness of such local improvement district so refunded shall be applicable to assessments made for the payment of principal and interest of such funding or refunding bonds.

      2.  For the payment of such principal and interest, the board of directors of the irrigation district shall levy annual assessments for the amount of interest and redemption of such funding or refunding bonds upon the lands affected by the local improvement according to such apportionment of benefits, and the provisions of NRS 539.423 to 539.460, inclusive, relating to assessments are hereby made applicable to funding or refunding bonds issued under the authority of NRS 539.463 to 539.475, inclusive.

      [Part 49 1/2a:64:1919; added 1935, 7; 1931 NCL § 8066.01]