48-3193. Authorization of additional bonds; priority of liens
107 words·~1 min read·
/az/title-48/48-3193A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. When the money realized from any series of bonds becomes exhausted and it becomes necessary to raise additional money for district purposes, additional series of bonds may be authorized by submitting the question of their issuance at a special election to the qualified electors of the district, and by complying with the provisions of this article in respect to the issuance of bonds. No series of bonds issued under this section shall have priority of lien or other priority over any other series of bonds, and no bond of a series shall have priority of lien or other priority over any other bond within the series.