7-2-2746. Details relating to special warrant district. (1) The board of county commissioners creating a special warrant district shall, thereafter and at the time of making and fixing tax levies for county purposes, make and fix a levy against all taxable property within such special warrant district for the payment of said warrants and the interest thereon. The proceeds of such levy, when collected, shall be deposited by the county treasurer in a separate fund which shall be used for the payment of said warrants and interest and for no other purpose.
     (2) Said tax levy need not be made at such a rate as will pay all of said warrants, with interest, in 1 year, but if said board shall deem it for the best interests of the taxpayers owning property within such special warrant district, such levy may be spread over a term of not more than 3 years.

     History: En. Sec. 16, Ch. 105, L. 1937; R.C.M. 1947, 16-4016(part).