Arizona Laws 28-7654. Issuance of bonds
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A. The county board of supervisors is authorized to issue bonds secured by a pledge of bridge construction revenues.
Terms Used In Arizona Laws 28-7654
- Board: means the transportation board. See Arizona Laws 28-101
- Bridge construction revenues: means monies received pursuant to section 42-5032, subsection A and deposited in the bridge construction interest fund or redemption fund under section 28-7656, subsection A. See Arizona Laws 28-7651
- highway: means the entire width between the boundary lines of every way if a part of the way is open to the use of the public for purposes of vehicular travel. See Arizona Laws 28-101
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
B. The county board of supervisors is authorized to issue bonds secured by a pledge of highway improvement revenues.
C. Any bonds issued pursuant to this article may be issued in one or more series, bear the dates, be payable in the medium of payment and at the places, bear the rates of interest, including variable rates, carry the registration privileges and prior redemption provisions, be executed in the manner, contain the other terms, covenants and conditions and be in the form the board of supervisors prescribes. The bonds shall be sold at, above or below par in the manner as the board of supervisors determines.