The loan commissioners shall by resolution authorize the issuance of the bonds, which shall prescribe the form of the bonds, the form of the interest coupons, the manner in which the coupons shall be signed and the particular taxes upon which the bonds are based, and shall fix the manner, terms and conditions under which the bonds shall be sold.

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Terms Used In Arizona Laws 35-405

  • Bonds: means tax anticipation bonds issued pursuant to this article. See Arizona Laws 35-401
  • Loan commissioners: means the loan commissioners of this state. See Arizona Laws 35-401
  • Taxes: means state excise taxes levied pursuant to lawful appropriations, which are due or will become due prior to the end of the fiscal year but which remain uncollected, in anticipation of which bonds may be issued. See Arizona Laws 35-401
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