§ 35-475 – Exchange or sale of bonds; record of bonds paid or retired
35-475. Exchange or sale of bonds; record of bonds paid or retired A. The refunding bonds may be exchanged in like amount for the bonds to be refunded, or they may be sold by the governing board or body at not less than par and accrued interest, and the proceeds applied to the purpose for […]
§ 35-481 – Applicability
35-481. Applicability A. The provisions of this article shall be applicable when installments of principal and interest of a special assessment in a specific amount secured by a lien on property and on the security of which bonds shall have been issued either collectible in the manner and by the officers provided for the collection […]
§ 35-482 – Summary sale of delinquent property
35-482. Summary sale of delinquent property A. As a cumulative remedy, if any installment is delinquent, the governing body may order the summary sale of the property as provided in this section. B. The order of the governing body shall identify the property and shall state the amount of the delinquent installments for which the […]
§ 35-483 – Option to accelerate upon delinquency
35-483. Option to accelerate upon delinquency A. If any installment is delinquent, the governing body may order that the whole of the unpaid principal amount of the assessment become immediately due and payable, and be collected by summary sale proceedings pursuant to section 35-482. B. If such order is made, the amount for which the […]
§ 35-491 – Registration of bonds; payment of principal and interest; paying agent; security for deposits; record date; definition
35-491. Registration of bonds; payment of principal and interest; paying agent; security for deposits; record date; definition A. Bonds of this state, any department, agency or instrumentality of this state or any political subdivision, municipal corporation or other entity authorized by statute to issue bonds may be issued in a form that is registrable as […]
§ 35-492 – Reregistration or cancellation of registry of bond
35-492. Reregistration or cancellation of registry of bond A. The registered holder of a bond may, either in person or by a bank or trust company authorized to do business in this state, present the bond to the registrar with a written request endorsed on the bond that the bond be registered in the name […]
§ 35-468.03 – Supplemental tax levy; interest fund; redemption fund
35-468.03. Supplemental tax levy; interest fund; redemption fund A. After the bonds are issued, the governing body or board issuing the bonds shall annually levy and cause to be collected a tax, at the same time and in the same manner as other taxes are levied and collected on all taxable property in the political […]
§ 35-493 – Collection and payment of bond through bank or trust company; effect
35-493. Collection and payment of bond through bank or trust company; effect The proceedings authorizing any bond may permit the registered holder of the bond to authorize any bank or trust company authorized to do business in this state to present the bond to the treasurer, finance director or paying agent of the issuer for […]
§ 35-468.04 – Pledge of revenues to secure debt instruments
35-468.04. Pledge of revenues to secure debt instruments Notwithstanding any other provision of this article, a political subdivision that receives water transportation revenues may pledge, by separate covenant included in the resolution authorizing the issuance of any bonds under this article or obligations it may incur, future receipts of such revenues to the payment of […]
§ 35-494 – Contracts as long-term obligations
35-494. Contracts as long-term obligations Contracts employing registrars and paying agents made pursuant to this article are deemed to be long-term obligations within the meaning of article IX, sections 18 and 19, Constitution of Arizona.