7-7-2311. Issuance of refunding general obligation bonds without election.
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/mt/title-7/chapter-7/part-23/7-7-2311·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
7-7-2311 . Issuance of refunding general obligation bonds without election. Bonds may be issued without submitting the same to an election if the bonds are issued for the purpose of:
(1)refunding, paying, and redeeming optional, redeemable, or maturing bonds as set forth in 7-7-2301 (1); and
(2)refunding any bonds for which the holders have agreed to accept less than the full amount of principal and interest in full payment and satisfaction as set forth in 7-7-2301 (2).