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Code · Arizona · Title 48 — Special Taxing Districts

48-3753. Resolution and trust agreements; adoption

58 words·~1 min read·/az/title-48/48-3753

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The board may provide that any series of bonds may be secured by a trust agreement by and between the district and one or more corporate trustees or fiscal agents, which may be any trust company or bank having the powers of a trust company in this state. A resolution is effective on its adoption unless otherwise specified.
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