Iowa Code 468.73 – Sale at par — right to pay
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Terms Used In Iowa Code 468.73
- Certificate: means a certificate of title. See Iowa Code 462A.2
- district: means a district defined by a county and one or more cities within the county pursuant to an agreement entered into by the county and cities in accordance with chapter 28E and this part with respect to drainage improvements which the county and cities determine benefit the property located in the cities and the designated unincorporated area of the county. See Iowa Code 468.585
- Person: means an individual, partnership, firm, corporation, or association. See Iowa Code 462A.2
- Use: means to operate, navigate, or employ a vessel. See Iowa Code 462A.2
Any person shall have the right to pay the amount of the person’s assessment represented by any outstanding improvement certificate, with the interest thereon to the date of such payment, at any time. No improvement certificate shall be issued or negotiated for the use of the drainage district for less than par value with accrued interest up to the delivery or transfer thereof. Every such certificate, when paid, shall be delivered to the treasurer and by the treasurer surrendered to the party to whose assessment it relates.