Arizona § 35-475 Exchange or sale of bonds; record of bonds paid or retired

Arizona Statutes

§ 35-475 — Exchange or sale of bonds; record of bonds paid or retired

Arizona § 35-475

Title 35Arizona Revised Statutes

Ch. 3PUBLIC INDEBTEDNESS

Art. 4Refunding County and Other Municipal Indebtedness

This text of Arizona § 35-475 (Exchange or sale of bonds; record of bonds paid or retired) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 35-475 (2026).

Text

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 which the bonds were issued.

B.The governing board or body shall keep a record disclosing the date, number, amount and maturity of each bond, the payments of interest or principal thereon, and its destruction when paid or retired. All bonds paid and retired shall be burned and destroyed by the governing board or body.

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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 which the bonds were issued.

B. The governing board or body shall keep a record disclosing the date, number, amount and maturity of each bond, the payments of interest or principal thereon, and its destruction when paid or retired. All bonds paid and retired shall be burned and destroyed by the governing board or body.