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2020 Arizona Revised Statutes
Title 48 - Special Taxing Districts
§ 48-2778 Unlawful sale or exchange of refunding bonds
Universal Citation: AZ Rev Stat § 48-2778 (2020)
48-2778. Unlawful sale or exchange of refunding bonds
It is unlawful for the board of directors to sell or exchange any refunding bonds for less than ninety-five per cent of their par value.
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