SECTIONS 51750-51757 - California Statutes

WATER CODE

SECTION 51750-51757

51750. When the redemption period has expired, and until the sale
thereof, the district has the right to the possession of unredeemed
parcels purchased at delinquency sale by the county treasurer as
trustee for the district.

51751. The board may maintain any action for the protection of the
district's rights in the unredeemed parcels, to the same extent as
any other owner and the costs and expenses of such action or actions
shall be a charge against the district.

51752. The board may expend district funds necessary to retire
liens against an unredeemed parcel superior to the title of the
county treasurer as trustee for the district.

51753. The board shall manage and control, and may lease for such
reasonable rental and upon such terms as it deems advisable, and
receive and collect the rental for all unredeemed parcels which
remain unsold.

51754. The board may apply all rentals collected or moneys received
by it from the lease of unredeemed, unsold parcels, or for the use
or occupation of such parcels, to:
(a) The payment of the incidental expenses of holding and leasing
the parcels.
(b) The payment of any other incidental expenses of, or legal
charge against the district.
(c) The purchase of outstanding district bonds matured or
unmatured, with their coupons at not more than the face value of such
bonds plus the accrued interest thereon.
(d) The payment of any call of any operation and maintenance
assessment on any unredeemed, unsold parcel theretofore purchased by
the county treasurer as trustee for the district.

51755. The bonds or coupons purchased by the board shall be
forthwith delivered to the county treasurer and canceled.

51756. All rentals collected or moneys received from lease of
parcels sold to the county treasurer as trustee for the district
pursuant to the provisions of Chapter 4 of this part or for the use
or occupation of such parcels, less the expenditures authorized by
subdivisions (a) and (d) of Section 51754, shall be deposited in the
county treasury to the credit of the bond fund of the district if the
district is in default for interest or principal payment on any
bonds issued by it.

51757. An amount equal to the revenues derived from each parcel by
reason of the leasing, use or occupation thereof, less the incidental
expenses of leasing and holding same, shall be credited by the
county treasurer on the assessment lists against the delinquent
charges on the parcel.