§ 48-6410 – Limitation on powers
48-6410. Limitation on powers The board and the district shall not do any of the following: 1. Engage in the retail sale of potable water to customers in the district. 2. Require the use of a water measuring device for any well in the district, except as a condition in a contract with the district. […]
§ 48-6282 – Investment of monies in debt service account
48-6282. Investment of monies in debt service account (Conditionally Rpld.) A. The board may authorize the district fiscal agent to invest and reinvest any monies in the debt service account as provided by section 48-6283. B. The order directing an investment shall state a date on which the monies and other resources in the debt […]
§ 48-6283 – Authorized investments of monies
48-6283. Authorized investments of monies (Conditionally Rpld.) A. The monies in either the bond proceeds account or the debt service account may be invested and reinvested at the direction of the board in any of the following: 1. United States treasury obligations. 2. Consolidated farm loan bonds. 3. Obligations issued by the federal intermediate credit […]
§ 48-6284 – Deposit and disbursement of monies
48-6284. Deposit and disbursement of monies (Conditionally Rpld.) A. Monies derived from selling bonds under this article or pledged or assigned to or in trust for the benefit of the holder or holders of the bonds shall be deposited by the district fiscal agent in financial institutions that the board designates and that are insured […]
§ 48-6285 – Characteristics of bonds; negotiability; obligation; legal investments; exemption from taxation
48-6285. Characteristics of bonds; negotiability; obligation; legal investments; exemption from taxation (Conditionally Rpld.) A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code, subject only to any provisions for registration, regardless of whether the bonds actually constitute negotiable instruments under the uniform commercial code. […]
§ 48-6286 – Effect of changing circumstances on bonds; agreement of state
48-6286. Effect of changing circumstances on bonds; agreement of state (Conditionally Rpld.) A. Bonds issued under this article remain valid and binding obligations of the district notwithstanding that before the delivery of the bonds any person whose signature appears on the bonds ceases to be an officer of the district. B. An amendment of any […]
§ 48-6287 – Validity of bonds; legal opinion
48-6287. Validity of bonds; legal opinion (Conditionally Rpld.) A. This article constitutes full authority for authorizing and issuing bonds without reference to any other law of this state. No other law with regard to authorizing or issuing obligations or that in any way impedes or restricts performing the acts authorized by this article may be […]
§ 48-6401 – Findings; purpose
48-6401. Findings; purpose A. The legislature finds that the upper San Pedro groundwater basin is a major source of water for the residents of Cochise county and for the personnel and operations of Fort Huachuca, and that Fort Huachuca and the residents of the basin are dependent on the withdrawal of water from wells for […]
§ 48-6402 – Definitions
48-6402. Definitions In this chapter, unless the context otherwise requires: 1. " Board" means the elected board of directors of the upper San Pedro water district formed pursuant to this chapter. 2. " County" means the county in which the district is located. 3. " Department" means the department of water resources. 4. " Director" […]
§ 48-6403 – Establishment of upper San Pedro water district; map; goal; decreed and appropriative water rights
48-6403. Establishment of upper San Pedro water district; map; goal; decreed and appropriative water rights A. The upper San Pedro water district may be established by an election held pursuant to this article. If the district is established, the lands in the district shall consist of the portion of the upper San Pedro groundwater basin […]