Arizona § 48-2772 Petition requesting issuance of refunding bonds

Arizona Statutes

§ 48-2772 — Petition requesting issuance of refunding bonds

Arizona § 48-2772

Title 48Arizona Revised Statutes

Ch. 18DRAINAGE AND FLOOD PROTECTION DISTRICTS

Art. 8Refunding District Indebtedness

This text of Arizona § 48-2772 (Petition requesting issuance of refunding 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. § 48-2772 (2026).

Text

In order to propose the refunding of such bonds, coupons or other evidences of indebtedness, a petition shall be presented to the board of directors, signed by a majority of the qualified electors of the district. The petition shall set forth the amount of bonds, coupons or other evidences of indebtedness proposed to be refunded, together with a general description thereof, the total amount of bonds sought to be issued and a full and complete statement of the purposes for which the bonds are to be used. The total amount of bonds to be issued shall not be greater than the total amount of bonds, coupons and other evidences of indebtedness then outstanding and proposed to be refunded. On presentation of the petition it shall be entered in full on the minutes of the board.

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In order to propose the refunding of such bonds, coupons or other evidences of indebtedness, a petition shall be presented to the board of directors, signed by a majority of the qualified electors of the district. The petition shall set forth the amount of bonds, coupons or other evidences of indebtedness proposed to be refunded, together with a general description thereof, the total amount of bonds sought to be issued and a full and complete statement of the purposes for which the bonds are to be used. The total amount of bonds to be issued shall not be greater than the total amount of bonds, coupons and other evidences of indebtedness then outstanding and proposed to be refunded. On presentation of the petition it shall be entered in full on the minutes of the board.