Arizona § 48-2758 Lien of bonds; payment of bonds

Arizona Statutes

§ 48-2758 — Lien of bonds; payment of bonds

Arizona § 48-2758

Title 48Arizona Revised Statutes

Ch. 18DRAINAGE AND FLOOD PROTECTION DISTRICTS

Art. 7District Bonds

This text of Arizona § 48-2758 (Lien of bonds; payment of bonds) 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. § 48-2758 (2026).

Text

A.All bonds issued under the provisions of this article and article 8 of this chapter shall be a lien upon the real property included in the district, and the lien of the bonds of any issue shall be a preferred lien to that of any subsequent issue.

B.The bonds and the interest thereon shall be paid from revenues derived by assessments as provided by article 5 of this chapter upon the real property included in the district, and all the real property in the district shall be and remain liable for assessment for payment thereof.

C.This section shall not be construed as creating, or intended to create, any lien on or to authorize any tax against any state, school or university lands included within a district.

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A. All bonds issued under the provisions of this article and article 8 of this chapter shall be a lien upon the real property included in the district, and the lien of the bonds of any issue shall be a preferred lien to that of any subsequent issue.

B. The bonds and the interest thereon shall be paid from revenues derived by assessments as provided by article 5 of this chapter upon the real property included in the district, and all the real property in the district shall be and remain liable for assessment for payment thereof.

C. This section shall not be construed as creating, or intended to create, any lien on or to authorize any tax against any state, school or university lands included within a district.