Arizona § 48-2793 Order for destruction of unsold bonds

Arizona Statutes

§ 48-2793 — Order for destruction of unsold bonds

Arizona § 48-2793

Title 48Arizona Revised Statutes

Ch. 18DRAINAGE AND FLOOD PROTECTION DISTRICTS

Art. 9Destruction of Unsold Bonds or Reduction of Bonded Indebtedness

This text of Arizona § 48-2793 (Order for destruction of unsold 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. § 48-2793 (2026).

Text

When the vote is canvassed by the board of directors and entered of record, if it is found that a majority of the votes cast is "for destroying bonds - -yes," the president of the board, in the presence of a majority of the members of the board, shall destroy the bonds authorized to be destroyed, and the total amount of bonds destroyed and cancelled shall be deducted from the amount authorized to be issued by the electors of the district, and no part thereof shall thereafter be reprinted or issued.

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When the vote is canvassed by the board of directors and entered of record, if it is found that a majority of the votes cast is "for destroying bonds - -yes," the president of the board, in the presence of a majority of the members of the board, shall destroy the bonds authorized to be destroyed, and the total amount of bonds destroyed and cancelled shall be deducted from the amount authorized to be issued by the electors of the district, and no part thereof shall thereafter be reprinted or issued.