§ 384.27 — Sale of bonds

Iowa § 384.27

• Jurisdiction: Iowa
• Title IX: LOCAL GOVERNMENT
• Ch. 384: CITY FINANCE

Text

1. A city may sell general obligation bonds at public or private sale in the manner
prescribed by chapter 75.
2. General obligation funding or refunding bonds issued for the purposes specified in
section 384.24, subsection 3, paragraph “f”, may be exchanged for the evidences of the legal
indebtedness being funded or refunded, or such funding or refunding bonds may be sold
in the manner prescribed by chapter 75 and the proceeds applied to the payment of such
indebtedness. Funding or refunding bonds may bear interest at the same rate as, or at a
higher or lower rate or rates of interest than the indebtedness being funded or refunded.

Legislative History

[C97, §910; C24, 27, 31, 35, 39, §6258, 6259; C46, 50, 54, 58, 62, 66, §408.7, 408.8; C71, 73, §378A.11, 408.7, 408.8; C75, 77, 79, 81, §384.27]