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<br />40 <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />and become due at such dates, with interest at such rate, <br />payable either annually or semiannually, but not exceeding <br />the rate of six percent per annum, and contain such other pro- <br />visions as may be fixed by the board of directors, provided <br />said provisions are not inconsistent with the terms of this <br />article. Except as otherwise herein expressly modified, the <br />law relating to the form and issuance of bonds of conservancy <br />districts under the laws of this state, particularly section <br />29-5-6, shall apply and govern officers of the district in <br />the issuance and sale of said bonds, and other provisions of <br />said law with respect to the levy of assessments or the pay- <br />ment of said bonds with interest, and particularly section <br />29-5-10, shall likewise be applicable to the bonds of a sub- <br />district organized under this article. (1937). <br /> <br />l50-7-l8. Assessments perpetual lien. - All assessments <br />on account of special improvements against appraised benefits <br />and interest thereon and penalties for default of payment <br />thereof, together with costs of collecting the s~e, from <br />the date of the filing of the "construction fund assessment" <br />record and the "maintenance fund assessment" record in the <br />office of the treasurer of the county wherein the lands and <br />property are situate, shall constitute a perpetual lien in an <br />amount not in excess of the benefits severally appraised upon <br />the land and other property against Which said assessments <br />have been levied and such benefits appraised to which only <br />the lien of the general, state, county, city, town or school <br />district taxes shall be paramount, provided no sale of said <br />property, to enforce any general, state, county, city, town, <br />school tax or other lien, shall extinguish the perpetual <br />lien of said assessment. Provided further that any land- <br />owner at any time may pay the full amount of said assessment <br />and thereafter the property of any such landowner shall be <br />clear and free from said lien and shall not be subject to <br />assessment for and on account of benefits appraised-against <br />any other land or default in the payment of assessments made <br />against any other land. (1937). <br /> <br />150-7-19. Invalid assessments - board remedy. - If any <br />assessment made under the provisions of this article shall <br />prove invalid, the board of directors by subsequent or <br />amended acts or proceedings, promptly and without delay, <br />shall remedy all defects or irregularities, as the case may <br />require, by making and providing for the collection of new <br />assessments, or otherwise. (l937). <br />