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Home » US Law » 2022 Arizona Revised Statutes » Title 35 - Public Finances » Article 4 - Refunding County and Other Municipal Indebtedness

§ 35-471 – Refunding bonds; resolution authorizing issuance; definition

35-471. Refunding bonds; resolution authorizing issuance; definition A. The board of supervisors, on behalf of the county, the governing body of a city or town or similar municipal corporation and a school district governing board may issue refunding bonds to refund the bonded indebtedness of such county, school district, city or town or other similar […]

§ 35-472 – Form and contents of bonds; payment of principal and interest

35-472. Form and contents of bonds; payment of principal and interest A. The refunding bonds shall be negotiable in form, executed in the name of the county, school district, city or town or similar municipal corporation, signed by the chairman of the governing board or body, countersigned by the county or municipal treasurer, sealed with […]

§ 35-473 – Limitation on issuance of refunding bonds

35-473. Limitation on issuance of refunding bonds A. Notwithstanding the provisions of section 35-426 through section 35-429, or any other provision of law to the contrary, no bonds shall be issued by or on behalf of any county, school district, city or town, or other municipal corporation or political subdivision of the state for the […]

§ 35-474 – Levy of tax for payment of bonds; security

35-474. Levy of tax for payment of bonds; security A. The board of supervisors, on behalf of the county or a school district in the county, or the governing body or board of a municipal corporation that has issued refunding bonds shall levy, during each year in which the bonds are outstanding, a tax on […]

§ 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 […]