Arizona Statutes
§ 48-634 — Sale of bonds; disposition of proceeds
Arizona·Title 48 Arizona Revised Statutes·Ch. 4 MUNICIPAL IMPROVEMENT DISTRICTS·Art. 3 General Improvement Fund and Investment Bonds
The bonds may be issued and sold by the governing body as it may determine at public or private sale or by an on-line bidding process, but for not less than par. The proceeds shall be placed in the treasury to the credit of a fund to be applied exclusively to the purposes and objects prescribed by this article.
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