Arizona § 48-4887 Payment of interest coupons; investment of bond fund monies

Arizona Statutes

§ 48-4887 — Payment of interest coupons; investment of bond fund monies

Arizona § 48-4887

Title 48Arizona Revised Statutes

Ch. 28ACTIVE MANAGEMENT AREA WATER DISTRICT

Art. 4Financial Provisions

This text of Arizona § 48-4887 (Payment of interest coupons; investment of bond fund monies) 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. § 48-4887 (2026).

Text

The secretary-treasurer of the district shall:

1.Pay matured interest coupons from bonds of the district from the bond fund.

2.Invest monies in the bond fund, under direction of the board, in bonds of the United States or this state which shall be kept in the bond fund and may be used to redeem bonds of the district, on the request of the holders, either by exchanging them for bonds of the district or by converting them into cash.

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The secretary-treasurer of the district shall:

1. Pay matured interest coupons from bonds of the district from the bond fund.

2. Invest monies in the bond fund, under direction of the board, in bonds of the United States or this state which shall be kept in the bond fund and may be used to redeem bonds of the district, on the request of the holders, either by exchanging them for bonds of the district or by converting them into cash.