Louisiana Statutes
§ 38:1575 — No dissolution without consent of bondholders or retirement of bonds
Louisiana·Title 38 Public Contracts, Works and Improvements
If the drainage district or subdrainage district has bonds issued and outstanding, the resolution dissolving the drainage district or subdrainage district shall not become effective until the holders of all outstanding bonds have filed with the governing authority thereof their written consent to the dissolution or until the outstanding bonded indebtedness has been retired.
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Louisiana § 38:1575 (No dissolution without consent of bondholders or retirement of bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 38:1501
Repealed by Acts 2020, No. 25, §1§ 38:1503
Recording in drainage records§ 38:1504
Mortgage certificates§ 38:1521
§ 38:1521§ 38:1541
§ 38:1541§ 38:1543
Acreage tax or forced contribution§ 38:1544
Funding or refunding bonds§ 38:1546
Forced contribution or acreage tax§ 38:1548
Contest of validity of proceedings