Virginia-Carolina Joint Stock Land Bank v. Watt
Supreme Court of North Carolina
1Opinion of the CourtBkogdeN, J.
The decisive questions of law are:
1. Does the judgment of the People’s Loan and Savings Bank against the Fourth Creek Drainage District constitute a lien or encumbrance upon -that portion of the land within the district and within the contemplation of the warranty clause in the deed ?
2. Is the land liable or subject to further assessment?
Drainage assessments are “charges” attaching to the land as they fall due from time to time, and follow the land until all have been liquidated. They are not liens upon land until levied and due. Hence, unmatured drainage assessments are not within the…
2Cases cited3 opinions
- Pate v. . BanksSupreme Court of North Carolina · 1919
- Carawan v. . BarnettSupreme Court of North Carolina · 1929
- Branch v. . SaundersSupreme Court of North Carolina · 1928
3Cited by2 opinions
- Comrs. of Washington v. . GainesSupreme Court of North Carolina · 1942
- Peoples Loan & Savings Bank v. KingSupreme Court of North Carolina · 1937