7-7-4206. Redemption of bonds.
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/mt/title-7/chapter-7/part-42/7-7-4206·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
7-7-4206 . Redemption of bonds. Other than refunding bonds, all bonds issued for a longer term than 5 years must be redeemable at the option of the city or town on any interest payment date after one-half of the term for which they were issued has expired, and the redemption option must be recited in the bonds.