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SUBDIVISION 1
NATURE AND EXTENT
NATURE AND EXTENT
Except as hereinafter provided, the lien of any assessments levied or bonds issued under this Procedure Code or any law referred to herein shall be subordinate to all special assessment liens and the lien of the bonds previously imposed upon the same property, but shall have priority over all such liens subsequently imposed upon the same property, to be determined by the date or the recordation of the assessment. Bonds issued upon a re-assessment or a supplemental assessment shall have the same priority as that of the original bonds.
(Added by Ord. 225-81, App. 5/5/81)
All assessments, reassessments, and bonds and each installment thereof, and the interest, costs and penalties upon same, levied hereunder, shall continue as liens against the lots and parcels on which they are levied and imposed, as provided in the Code of Civil Procedure.
(Added by Ord. 225-81, App. 5/5/81)
Bonds issued pursuant to Subdivisions 5, 6, or 7 of Subarticle VI or pursuant to any other bond plan now or hereafter adopted by the Board which are payable from annual assessment levies which are not installments of total assessments which are a fixed lien on the properties assessed, and the annual assessment installments levied to pay the principal and interest of such bonds, are hereby declared to be on an equal parity one with another, regardless of bond plan, issue, series or date of issue.
(Added by Ord. 225-81, App. 5/5/81)
Annual assessment installments levied to pay the principal and interest of bonds of the nature described in Section 250.162 or to pay the costs of maintenance and operation of improvements, equipment and facilities, shall constitute liens on the respective lots and parcels assessed co-equal with the lien of general taxes, not subject to extinguishment by the sale of any property on account of the nonpayment of general taxes, and prior and superior to all liens, claims, encumbrances and titles other than liens of general taxes.
(Added by Ord. 225-81, App. 5/5/81)
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