Arizona § 48-3192 Form of bonds; record of sales

Arizona Statutes

§ 48-3192 — Form of bonds; record of sales

Arizona § 48-3192

Title 48Arizona Revised Statutes

Ch. 19IRRIGATION AND WATER CONSERVATION DISTRICTS

Art. 10District Bonds

This text of Arizona § 48-3192 (Form of bonds; record of sales) 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. § 48-3192 (2026).

Text

A.The board of directors may by resolution prescribe:

1.The issuance of bonds in one or more series.

2.The dates the bonds shall bear.

3.The medium of payment in which the bonds are payable.

4.The places of payment of the bonds.

5.Registration privileges of the bonds.

6.The manner of executing the bonds.

7.The terms, covenants and conditions of the bonds.

8.The time and manner of payment of the bonds.

9.The maturity dates of the bonds, not to exceed thirty years from the date of their issuance.

10.The terms and manner by which the bonds are callable.

11.The interest rate of the bonds, not to exceed the maximum rate of interest in the notice calling the election.

B.The board of directors may determine the time and manner of sale of the bonds which the board deems mo

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A. The board of directors may by resolution prescribe:

1. The issuance of bonds in one or more series.

2. The dates the bonds shall bear.

3. The medium of payment in which the bonds are payable.

4. The places of payment of the bonds.

5. Registration privileges of the bonds.

6. The manner of executing the bonds.

7. The terms, covenants and conditions of the bonds.

8. The time and manner of payment of the bonds.

9. The maturity dates of the bonds, not to exceed thirty years from the date of their issuance.

10. The terms and manner by which the bonds are callable.

11. The interest rate of the bonds, not to exceed the maximum rate of interest in the notice calling the election.

B. The board of directors may determine the time and manner of sale of the bonds which the board deems most advantageous, either by public sale or private sale. The district may pay all expenses, premiums and commissions which its board of directors deems necessary or advantageous to the issuance of the bonds.

C. The secretary shall keep a record of the bonds sold, their number, date of sale, the price received and the name of the purchaser thereof.