Iowa § 357.21 Substance of bonds

Iowa Statutes

§ 357.21 — Substance of bonds

Iowa § 357.21

Title IXLOCAL GOVERNMENT

Ch. 357WATER DISTRICTS

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Bluebook

Iowa Code § 357.21 (2026).

Text

1.Each of the bonds issued under section 357.20 shall meet all of the following requirements:

a.The bond shall be numbered.

b.The bond shall have printed upon its face that it is a benefited water district bond, statingthecountyandthenumberofthedistrictforwhichitisissued,andthedateofmaturity.

c.Thebondshallstatethatitisissuedpursuanttoaresolutionoftheboardofsupervisors, and that it is to be paid for only from a special assessment and taxes levied as provided under section 357.22 for that purpose within the district for which the bond is issued.

2.The provisions of sections 468.76 and 468.78 shall govern the issuance of these bonds except that the contractor will not be paid anything on the work until its completion and final acceptance.

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1. Each of the bonds issued under section 357.20 shall meet all of the following
requirements:
a. The bond shall be numbered.
b. The bond shall have printed upon its face that it is a benefited water district bond,
statingthecountyandthenumberofthedistrictforwhichitisissued,andthedateofmaturity.
c. Thebondshallstatethatitisissuedpursuanttoaresolutionoftheboardofsupervisors,
and that it is to be paid for only from a special assessment and taxes levied as provided under
section 357.22 for that purpose within the district for which the bond is issued.
2. The provisions of sections 468.76 and 468.78 shall govern the issuance of these bonds
except that the contractor will not be paid anything on the work until its completion and final
acceptance.