Common use of Obligation of District to Levy Taxes and Assessments Clause in Contracts

Obligation of District to Levy Taxes and Assessments. ‌ (a) <When Obligated> If in any year the District fails or is unable to raise sufficient funds by other means, the governing body of the District shall levy upon all property in the District not exempt from taxation, a tax or assessment sufficient to provide for all payments under this contract then due or to become due within that year.

Appears in 3 contracts

Samples: Water Supply Contract, Water Supply Contract, Water Supply Contract

AutoNDA by SimpleDocs

Obligation of District to Levy Taxes and Assessments. ‌ (a) <When Obligated> If in any year the District fails or is unable to raise sufficient funds by other means, the governing body of the District shall upon written notice from the State levy upon all property in the District not exempt from taxation, a tax or assessment sufficient to provide for all payments under this contract then due or to become due within that year.

Appears in 2 contracts

Samples: Water Supply Contract, Water Supply Contract

AutoNDA by SimpleDocs

Obligation of District to Levy Taxes and Assessments. ‌ (a) <When Obligated> If in any year the District fails or is unable to raise sufficient funds by other means, the governing body of the District shall levy upon all property in the District not exempt from taxation, a tax or assessment sufficient to provide for all payments under this contract then due or to become due within that year.year.‌

Appears in 1 contract

Samples: Water Supply Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!