Idaho § 42-3007 EXCHANGE OF BONDS — APPLICATION OF PROCEEDS OF SALE — EFFECT OF DECREE

Idaho Statutes

§ 42-3007 — EXCHANGE OF BONDS — APPLICATION OF PROCEEDS OF SALE — EFFECT OF DECREE

Idaho § 42-3007

Title 42IRRIGATION AND DRAINAGE — WATER RIGHTS AND RECLAMATION

Ch. 30DRAINAGE DISTRICT REFUNDING BONDS

This text of Idaho § 42-3007 (EXCHANGE OF BONDS — APPLICATION OF PROCEEDS OF SALE — EFFECT OF DECREE) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 42-3007 (2026).

Text

All or any part of such refunding bonds may be exchanged, dollar for dollar, for the bonds to be refunded, or they may be sold, at not less than their par value, as directed by the board of commissioners and the proceeds thereof shall be applied only to the purposes for which said refunding bonds are issued. The authority vested in the board of commissioners by the judgment and decree as in this chapter provided shall be and remain effective until all of the bonded indebtedness so authorized to be refunded has been paid, redeemed or refunded.

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All or any part of such refunding bonds may be exchanged, dollar for dollar, for the bonds to be refunded, or they may be sold, at not less than their par value, as directed by the board of commissioners and the proceeds thereof shall be applied only to the purposes for which said refunding bonds are issued. The authority vested in the board of commissioners by the judgment and decree as in this chapter provided shall be and remain effective until all of the bonded indebtedness so authorized to be refunded has been paid, redeemed or refunded.