48-5173. Attorney general bond certification
125 words·~1 min read·
/az/title-48/48-5173A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The board may submit to the attorney general any bonds to be issued under this article after all proceedings for the authorization of the bonds have been taken. On the submission of the proceedings to the attorney general, the attorney general shall investigate and determine the validity of the bonds and the regularity of all proceedings in connection with the issuance.
B. If the proceedings conform to this article and if the bonds when delivered and paid for will constitute binding and legal obligations of the board enforceable according to the terms of the bonds, the attorney general shall certify in substance on the back of each of the bonds that it is issued in accordance with the constitution and laws of this state.