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Code · Arizona · Title 48 — Special Taxing Districts

48-1417. Bonds; submittal to attorney general

151 words·~1 min read·/az/title-48/48-1417

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If requested by the board of trustees of a special road district, a joint special road district or a merged special road district, the board of supervisors shall submit to the attorney general any bond to be offered after the board of supervisors has taken all actions for the authorization of the bond pursuant to section 48-1410. The attorney general shall examine and pass on the validity of any bond submitted and the regularity of all proceedings in connection with the bond.
If the proceedings conform to this chapter and the bond is a binding and legal obligation, after it is delivered and paid for, of the special road district, the joint special road district or the merged special road district, the attorney general shall certify on the bond, or any certificate used to indicate ownership, that the bond is issued in accordance with the constitution and laws of this state.
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