Arizona § 48-1614 Issuance of bonds maturing in less than thirty years

Arizona Statutes

§ 48-1614 — Issuance of bonds maturing in less than thirty years

Arizona § 48-1614

Title 48Arizona Revised Statutes

Ch. 11POWER DISTRICTS

Art. 5District Bonds

This text of Arizona § 48-1614 (Issuance of bonds maturing in less than thirty years) 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. § 48-1614 (2026).

Text

Any district may, by a majority vote of the electors of the district possessing the qualifications of electors as provided by this chapter, authorize the issuance of bonds which will mature in any number of years less than thirty, whereupon the bonds shall mature each successive year thereafter upon the same basis and percentage as is provided in this article for bonds commencing to mature on the twenty-first year. The district, in such an instance, may arrange for the payment of such bonds in series as provided by this article.

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Any district may, by a majority vote of the electors of the district possessing the qualifications of electors as provided by this chapter, authorize the issuance of bonds which will mature in any number of years less than thirty, whereupon the bonds shall mature each successive year thereafter upon the same basis and percentage as is provided in this article for bonds commencing to mature on the twenty-first year. The district, in such an instance, may arrange for the payment of such bonds in series as provided by this article.