Arizona § 48-3193 Authorization of additional bonds; priority of liens

Arizona Statutes

§ 48-3193 — Authorization of additional bonds; priority of liens

Arizona § 48-3193

Title 48Arizona Revised Statutes

Ch. 19IRRIGATION AND WATER CONSERVATION DISTRICTS

Art. 10District Bonds

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Bluebook

Ariz. Rev. Stat. Ann. § 48-3193 (2026).

Text

A.When the money realized from any series of bonds becomes exhausted and it becomes necessary to raise additional money for district purposes, additional series of bonds may be authorized by submitting the question of their issuance at a special election to the qualified electors of the district, and by complying with the provisions of this article in respect to the issuance of bonds. No series of bonds issued under this section shall have priority of lien or other priority over any other series of bonds, and no bond of a series shall have priority of lien or other priority over any other bond within the series.

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A. When the money realized from any series of bonds becomes exhausted and it becomes necessary to raise additional money for district purposes, additional series of bonds may be authorized by submitting the question of their issuance at a special election to the qualified electors of the district, and by complying with the provisions of this article in respect to the issuance of bonds. No series of bonds issued under this section shall have priority of lien or other priority over any other series of bonds, and no bond of a series shall have priority of lien or other priority over any other bond within the series.